Artificial Cornea And Corneal Implant Market
Artificial Cornea and Corneal Implant Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type (Human Cornea, Artificial Cornea), By Transplant Type (Penetrating Keratoplasty, Endothelial Keratoplasty), By Disease Indication (Fuch’s Dystrophy, Fungal Keratitis, Keratoconus, and Others), By End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, and Others)
- Published Date: September 2022
- Report ID: BWC22331
- Available Format: PDF
- Page: 142
Report Overview
Global Artificial Cornea and Corneal Implant Market expansion is primarily driven by the aging world population, increasing incidence of eye illnesses, government programs aiming to reduce visual impairment, and the growing prevalence of eye diseases.
Global Artificial Cornea and Corneal Implant Market - Industry Trends & Forecast Report 2028
Global Artificial Cornea and Corneal Implant Market size was worth USD 397.5 million in 2021 and is projected to reach USD 863.7 million by 2028, recording growth at a CAGR of 12% during the forecast period (2022-2028). The rapid expansion of the market is due to the rise in ophthalmic illnesses, such as keratoconus, Fuchs dystrophy, and viral keratitis; and consumers' willingness to spend more on their eye care. Aging global population; growing number of surgical procedures across the world, including in the most populous emerging economies (China and India); and the spurring demand for innovative treatment methods are also expected to be major growth factors for global artificial cornea and corneal implant market during the period in analysis.
Artificial Cornea and Corneal Implant - Overview
This technique involves either repairing a specific layer of the cornea with one of several sutureless techniques or suturing healthy cornea tissue from a donor's eye to replace the damaged one. Rejection can cause corneal transplants to fail, and in certain situations, they may produce unsatisfactory results. In a cornea transplant, the diseased cornea is removed whole or part and is replaced with healthy donor tissue. A corneal graft or keratoplasty is another name for a cornea transplant. It can be used to cure serious infections or damage while also enhancing vision and reducing pain.
Global Artificial Cornea and Corneal Implant Market Forecast and Trends
Growth Drivers
Eye Illnesses are Becoming More Common
Globally, the number of people suffering from serious eye disorders is increasing, and vision loss is becoming a major public health concern. The increasing incidence of chronic diseases such as diabetes and hypertension, as well as the aging population, have increased the prevalence of eye diseases such as diabetic retinopathy and ocular hypertension (glaucoma). The number of people who are blind or have low vision is also expected to rise significantly. According to the Royal National Institute of Blind People (RNIB), over 2 million people in the UK suffered from a visual loss in 2013, with this figure anticipated to rise to 4.1 million by 2050. There are currently 146 million trachoma patients worldwide, of whom 10 million have trichiasis and require surgery to avert corneal blindness, and 4.9 million have trachomatous corneal scarring that has rendered them entirely blind.
Growing Rates of Corneal Blindness and Shortage of Cornea Donors
On a global scale, 10 million people suffer from corneal blindness. The rising prevalence of corneal blindness is therefore a key element driving the growth of artificial cornea implants. The market has grown quickly in part due to the shortage of human cornea donors. Additionally, if there are more trauma instances, there is a higher chance of eye injury, which will propel the industry forward. A human donor cornea transplant has a low likelihood of nerve regeneration, whereas a biosynthetic cornea implant has a high likelihood of nerve regeneration after implantation. Patients with corneal blindness must wait a very long period for corneal transplants in densely populated areas like India because there aren't many cornea donors available. Due to corneal abnormalities, 6.8 million people in the nation have impaired vision in one eye, while 1 million people have poor vision in both eyes.
Insufficient Corneal Donors
Since roughly 10 million individuals worldwide require corneal transplants, there is a critical demand for corneal donors. There is a more than six-month waiting list for corneal transplants among individuals with corneal blindness in densely populated nations like India due to a severe shortage of donor corneas. Due to corneal conditions, 6.8 million people in the nation have impaired vision in one eye and about 1 million have poor vision in both eyes. It was predicted that 10.6 million cases of unilateral corneal blindness would exist in India by the end of 2020. About 120,000 persons experienced corneal blindness in 2019. Every year, the nation requires about 250,000 corneas, but only about 25,000 corneas are donated nationwide. Manufacturers of corneal implants should benefit from substantial growth potential given the high burden of corneal blindness and the dearth of corneal donors.
Restraints
High Price of Ophthalmology Equipment and Surgeries
The creation of femtosecond lasers and other technological developments in ophthalmic lasers have shortened operating times, enhanced operative outcomes, and increased patient convenience. The exorbitant price of this equipment, however, is anticipated to impede their expansion. The Singapore Eye Research Institute (SERI) conducted a study that determined the price of a femtosecond laser to be between USD 400,000 and USD 550,000. This has an impact on how widely they are used by end users because it is hard to predict how many patients will select femtosecond laser therapy over more traditional treatments and whether this will generate enough revenue to pay for the laser's installation. The price of a new fundus machine ranges from $15,000 to 60,000 dollars, and an OCT costs between 70,000 and 120,000 dollars. All these factors hinder market growth.
Impact of COVID-19 on Global Artificial Cornea and Corneal Implant Market
Due to lockdowns and other restrictions put in place to stop the COVID-19 epidemic, there has been a considerable decrease in the number of patient visits to clinics in the first and second quarters of 2020. As a result, fewer elective eye procedures were performed each week in hospitals and clinics during that time. The number of elective procedures has decreased from 200 surgeries per week to just ten surgeries per week, according to the Ophthalmology Times story. Additionally, the frequency of patient appointments to examination centers has been canceled by 15% in nations like the US. The coronavirus disease (COVID-19) pandemic caused a large loss in patient volume for ophthalmology, according to the same publication. According to estimates, the number of patients seeking glaucoma treatment decreased by 88% and those seeking cataract surgery by 97%. Government programs assisted numerous practices during this time, including Paycheck Protection Program loans, which enabled the ophthalmology sector to successfully continue operations.
Global Artificial Cornea and Corneal Implant Market - By Type
Based on the type, the Global Artificial Cornea and Corneal Implant Market are segmented into Human Cornea and Artificial Cornea. The human cornea segment is likely to maintain its dominance during the forecast period, owing to increased awareness of corneal transplantation and eye tissue donations, particularly in developing economies. Furthermore, the penetrating keratoplasty segment led the artificial cornea and corneal implant market in 2019 due to its use in the treatment of various corneal diseases such as keratoconus, bullous keratopathy, and dystrophies. This is anticipated to increase segment growth. All these factors propel the growth of the Global Artificial Cornea and Corneal Implant Market during a forecast period (2022-2028).
Global Artificial Cornea and Corneal Implant Market – By Transplant Type
Based on transplant type, the Global Artificial Cornea and Corneal Implant Market are segmented into Penetrating Keratoplasty, and Endothelial Keratoplasty. The penetrating keratoplasty category holds the highest proportion of the worldwide artificial cornea and corneal implants market in 2020. The increased number of people suffering from eye problems such as infectious keratitis and eyeball injury can be ascribed to the large share of this category. All these factors boost the growth of the Global Artificial Cornea and Corneal Implant Market during the forecast period (2022-2028).
Global Artificial Cornea and Corneal Implant Market - By Disease Indication
Based on disease indication, the Global Artificial Cornea and Corneal Implant Market are segmented into Fuch’s Dystrophy, Fungal Keratitis, Keratoconus, and Others. The sector for Fuchs' dystrophy is anticipated to expand at the fastest rate during the projection period. The main drivers of this segment's growth are the increasing prevalence of the condition and the general increase in public awareness regarding early disease diagnosis.
Global Artificial Cornea and Corneal Implant Market - By Region
Geographically, the Global Artificial Cornea and Corneal Implant Market are segmented into North America, Europe, The Asia Pacific, Latin America, and The Middle East and Africa. The artificial cornea and corneal implant market in the world were dominated by North America. In North America, the market is well-established, and the US dominates it there. The significant market share of North America is primarily explained by the region's developed healthcare infrastructure, increased adoption of sophisticated healthcare technology, higher spending power among end users of ophthalmic equipment, and a sizable number of corneal implant producers.
Competitive Landscape
The leading market players in the Global Artificial Cornea and Corneal Implant Market are AJL Ophthalmic, CorneaGen Inc, Addition Technology Inc, LinkoCare Life Science AB, Presbia Plc, Mediphacos, Aurolab, Cornea Biosciences, Dioptex GmbH, EyeYon Medical, Massachusetts Eye and Ear, Florida Lions Eye Bank, and other prominent players.
The Global Artificial Cornea and Corneal Implant Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
Recent Development
-
In June 2020, AJL Ophthalmic (Spain) received CE Mark approval for ENDO-K PRO. Product approval will enable the company to provide its portfolio to end users.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical data – 2018-2021 |
Base Year – 2021 |
|
Forecast – 2022 – 2028 |
|
Facts Covered |
Revenue in USD Billion |
Product Service/Segmentation |
By Type, By Transplant Type, By Disease, By End User |
Key Players |
AJL Ophthalmic, CorneaGen Inc, Addition Technology Inc, LinkoCare Life Science AB, Presbia Plc, Mediphacos, Aurolab, Cornea Biosciences, Dioptex GmbH, EyeYon Medical, Massachusetts Eye and Ear, Florida Lions Eye Bank, and other prominent players. |
By Type
-
Human Cornea
-
Artificial Cornea
By Transplant Type
-
Penetrating Keratoplasty
-
Endothelial Keratoplasty
By Disease Indication
-
Fuch’s Dystrophy
-
Fungal Keratitis
-
Keratoconus
-
Others
By End-User
-
Hospitals
-
Specialty Clinics
-
Ambulatory Surgical Centers
-
Others
By Region
-
North America
-
Europe
-
Asia Pacific
-
Latin America
-
Middle East and Africa
- Research Framework
- Research Objective
- Transplant Type Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Artificial Cornea and Corneal Implant Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Advancement/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Artificial Cornea and Corneal Implant Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Human Cornea
- Artificial Cornea
- By Transplant Type
- Penetrating Keratoplasty
- Endothelial Keratoplasty
- By Disease Indication
- Fuch’s Dystrophy
- Fungal Keratitis
- Keratoconus
- Others
- By End-User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
- By Region
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
- By Type
- Market Size & Forecast by Value, 2018-2028
- North America Artificial Cornea and Corneal Implant Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Transplant Type
- By Disease Indication
- By End-User
- By Country
- United Type
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Artificial Cornea and Corneal Implant Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Transplant Type
- By Disease Indication
- By End-User
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- The Asia Pacific Artificial Cornea and Corneal Implant Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Transplant Type
- By Disease Indication
- By End-User
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Artificial Cornea and Corneal Implant Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Transplant Type
- By Disease Indication
- By End-User
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- The Middle East & Africa Artificial Cornea and Corneal Implant Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Transplant Type
- By Disease Indication
- By End-User
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of the Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Global Artificial Cornea and Corneal Implant Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- AJL Ophthalmic
- CorneaGen Inc
- Addition Technology Inc
- LinkoCare Life Science AB
- Presbia Plc
- Mediphacos
- Aurolab
- Cornea Biosciences
- Dioptex GmbH
- EyeYon Medical
- Massachusetts Eye and Ear
- Florida Lions Eye Bank
- Other Prominent Players
- Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable
List of Figures
Figure 1: Global Artificial Cornea and Corneal Implant Market Segmentation
Figure 2: Global Artificial Cornea and Corneal Implant Market Industry Value Chain Analysis
Figure 3: Global Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 4: Global Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 5: Global Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 6: Global Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 7: Global Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 8: Global Artificial Cornea and Corneal Implant Market Share (%), By Region, By Value, 2018-2028
Figure 9: North America Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 10: North America Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 11: North America Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 12: North America Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 13: North America Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 14: North America Artificial Cornea and Corneal Implant Market Share (%), By Country, By Value, 2018-2028
Figure 15: Europe Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 16: Europe Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 17: Europe Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 18: Europe Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 19: Europe Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 20: Europe Artificial Cornea and Corneal Implant Market Share (%), By Country, By Value, 2018-2028
Figure 21: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 22: The Asia-Pacific Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 23: The Asia-Pacific Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 24: The Asia-Pacific Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 25: The Asia-Pacific Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 26: The Asia-Pacific Artificial Cornea and Corneal Implant Market Share (%), By Country, By Value, 2018-2028
Figure 27: Latin America Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 28: Latin America Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 29: Latin America Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 30: Latin America Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 31: Latin America Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 32: Latin America Artificial Cornea and Corneal Implant Market Share (%), By Country, By Value, 2018-2028
Figure 33: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size, By Value (USD Million), 2018-2028
Figure 34: The Middle East & Africa Artificial Cornea and Corneal Implant Market Share (%), By Type, By Value, 2018-2028
Figure 35: The Middle East & Africa Artificial Cornea and Corneal Implant Market Share (%), By Transplant Type, By Value, 2018-2028
Figure 36: The Middle East & Africa Artificial Cornea and Corneal Implant Market Share (%), By Disease Indication, By Value, 2018-2028
Figure 37: The Middle East & Africa Artificial Cornea and Corneal Implant Market Share (%), By End-User, By Value, 2018-2028
Figure 38: The Middle East & Africa Artificial Cornea and Corneal Implant Market Share (%), By Country, By Value, 2018-2028
Figure 39: Global Artificial Cornea and Corneal Implant Market Share Analysis, 2021
List of Tables
Table 1: Global Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), 2018-2028
Table 2: Global Artificial Cornea and Corneal Implant Market Size, By Transplant Type, By Value (USD Million), 2018-2028
Table 3: Global Artificial Cornea and Corneal Implant Market Size, By Disease Indication, By Value (USD Million), 2018-2028
Table 4: Global Artificial Cornea and Corneal Implant Market Size, By End-User, By Value (USD Million), 2018-2028
Table 5: Global Artificial Cornea and Corneal Implant Market Size. By Region, By Value (USD Million), 2018-2028
Table 6: North America Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), 2018-2028
Table 7: North America Artificial Cornea and Corneal Implant Market Size, By Transplant Type, By Value (USD Million), 2018-2028
Table 8: North America Artificial Cornea and Corneal Implant Market Size, By Disease Indication, By Value (USD Million), 2018-2028
Table 9: North America Artificial Cornea and Corneal Implant Market Size, By End-User, By Value (USD Million), 2018-2028
Table 10: North America Artificial Cornea and Corneal Implant Market Size (USD Million), By Country, By Value 2018-2028
Table 11: Europe Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), By Value 2018-2028
Table 12: Europe Artificial Cornea and Corneal Implant Market Size, By Transplant Type, By Value (USD Million), By Value 2018-2028
Table 13: Europe Artificial Cornea and Corneal Implant Market Size, By Disease Indication, By Value (USD Million), By Value 2018-2028
Table 14: Europe Artificial Cornea and Corneal Implant Market Size, By End-User, By Value (USD Million), By Value 2018-2028
Table 15: 40 Europe Artificial Cornea and Corneal Implant Market Size (USD Million), By Country, By Value 2018-2028
Table 16: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), By Value 2018-2028
Table 17: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size (USD Million), By Type, By Value 2018-2028
Table 18: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size (USD Million), By Transplant Type, By Value 2018-2028
Table 19: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size (USD Million), By Disease Indication, By Value 2018-2028
Table 20: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size (USD Million), By End-User, By Value 2018-2028
Table 21: The Asia-Pacific Artificial Cornea and Corneal Implant Market Size (USD Million), By Country, By Value 2018-2028
Table 22: Latin America Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), By Value 2018-2028
Table 23: Latin America Artificial Cornea and Corneal Implant Market Size, By Transplant Type, By Value (USD Million), 2018-2028
Table 24: Latin America Artificial Cornea and Corneal Implant Market Size, By Disease Indication, By Value (USD Million), 2018-2028
Table 25: Latin America Artificial Cornea and Corneal Implant Market Size, By End-User, By Value (USD Million), 2018-2028
Table 26: Latin America Artificial Cornea and Corneal Implant Market Size (USD Million), By Country, By Value 2018-2028
Table 27: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size, By Type, By Value (USD Million), 2018-2028
Table 28: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size, By Transplant Type, By Value (USD Million), 2018-2028
Table 29: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size, By Disease Indication, By Value (USD Million), 2018-2028
Table 30: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size, By End-User, By Value (USD Million), 2018-2028
Table 31: The Middle East & Africa Artificial Cornea and Corneal Implant Market Size (USD Million), By Country, By Value 2018-2028
Table 32: List of Key Players and Their Offerings
Table 33: Competitive Benchmarking, by Operating Parameters
Table 34 AJL Ophthalmic Company Overview
Table 35 AJL Ophthalmic Financial Overview
Table 36 CorneaGen Inc Company Overview
Table 37 CorneaGen Inc Financial Overview
Table 38 Addition Technology Inc Company Overview
Table 39 Addition Technology Inc Financial Overview
Table 40 LinkoCare Life Science AB Company Overview
Table 41 LinkoCare Life Science AB Financial Overview
Table 42 Presbia Plc Company Overview
Table 43 Presbia Plc Financial Overview
Table 44 Mediphacos Company Overview
Table 45 Mediphacos Financial Overview
Table 46 Aurolab Company Overview
Table 47 Aurolab Financial Overview
Table 48 Cornea Biosciences Company Overview
Table 49 Cornea Biosciences Financial Overview
Table 50 Dioptex GmbH Company Overview
Table 51 Dioptex GmbH Financial Overview
Table 52 EyeYon Medical Company Overview
Table 53 EyeYon Medical Financial Overview
Table 54 Massachusetts Eye and Ear Company Overview
Table 55 Massachusetts Eye and Ear Financial Overview
Table 56 Florida Lions Eye Bank Company Overview
Table 57 Florida Lions Eye Bank Financial Overview
Market Segmentation
By Type
- Human Cornea
- Artificial Cornea
By Transplant Type
- Penetrating Keratoplasty
- Endothelial Keratoplasty
By Disease Indication
- Fuch’s Dystrophy
- Fungal Keratitis
- Keratoconus
- Others
By End-User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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