Global Artificial Cornea and Corneal Implant Market (2021 to 2026) - Shortage of Corneal Donors Presents Opportunities - ResearchAndMarkets.com

The "Artificial Cornea and Corneal Implant Market by Type (Human Cornea, Artificial Cornea), Transplant Type (Penetrating Keratoplasty, Endothelial Keratoplasty), Disease Indication, End Users (Hospitals, Specialty Clinics & ASCs) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global artificial cornea and corneal implant market is projected to reach USD 599 million by 2026 from USD 418 million in 2021, at a CAGR of 7.4% from 2021 to 2026.

Market growth is largely driven by the growing geriatric population and the rising prevalence of eye diseases are the major drivers for the artificial cornea and corneal implants market. The increasing prevalence of eye disorders and government initiatives to control visual impairment are further boosting the market growth.

However, the high cost of ophthalmology devices and surgical procedures is expected to restrain the growth of this market during the forecast period.

Human cornea segment accounted for the largest share of artificial cornea and corneal implant market in 2020.

On the basis of type, the artificial cornea and corneal implants market is segmented into the human cornea and artificial cornea. In 2020, the human cornea segment accounted for the largest share of the artificial cornea and corneal implants market. The large share of this segment can be attributed to the rising awareness regarding corneal transplantation and eye tissue donations, especially in developing economies.

Penetrating keratoplasty segment accounted for the largest share of the artificial cornea and corneal implant market in 2020.

On the basis of transplant type, the artificial cornea and corneal implants market is segmented into penetrating keratoplasty, endothelial keratoplasty, and other transplants (including anterior lamellar keratoplasty (ALK) and keratoprosthesis). In 2020, the penetrating keratoplasty segment accounted for the largest share of the global artificial cornea and corneal implants market. The large share of this segment can be attributed to the rising number of people suffering from eye disorders such as infectious keratitis and injury of the eyeball.

North America accounted for the largest share of the artificial cornea and corneal implant market in 2020.

Geographically, the artificial cornea and corneal implant market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. In 2020, North America accounted for the largest share of the global artificial cornea and corneal implants market. The market is well-established in North America, with the US dominating the market in this region. The large share of North America is mainly attributed to the established healthcare infrastructure, higher adoption of sophisticated healthcare technologies, higher budget among end users of ophthalmic devices, and a large number of manufacturers for corneal implants in the region.

Market Dynamics

• Rapid Growth in the Geriatric Population
• Rising Prevalence of Eye Diseases
• Increasing Government Initiatives to Control Visual Impairment

• High Cost of Ophthalmology Devices and Surgical Procedures

• Shortage of Corneal Donors
• Untapped Potential of Emerging Markets

• Lack of Awareness and Low Access to Eye Care in Low-Income Economies
• Shortage of Ophthalmologists

Companies Mentioned

• Addition Technology, Inc.
• Advancing Sight Network
• Ajl Ophthalmic S.A.
• Aurolab
• Cornea Biosciences, Inc.
• Corneagen, Inc.
• Corneat Vision
• Dioptex Medizinprodukte Forschungs-, Entwicklungs- Und Vertriebs GmbH (Dioptex GmbH)
• Eyeyon Medical
• Florida Lions Eye Bank
• Kansas Eye Bank & Cornea Research Center
• Keramed, Inc.
• L V Prasad Eye Institute
• Linkocare Life Sciences Ab
• Massachusetts Eye and Ear
• Mediphacos
• New Mexico Lions Eye Bank
• Presbia plc
• Rocky Mountain Lions Eye Bank
• San Antonio Eye Bank
• San Diego Eye Bank
• Sightlife

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