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DUBLIN--(BUSINESS WIRE)--Oct 3, 2022--
The "Corneal Implants Market Size, Share & Trends Analysis Report by Type (Human Cornea, Synthetic), by Application (Keratoconus, Fuchs Dystrophy), by End-user (Hospital, ASC), by Surgery Method, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global corneal implants market size is anticipated to reach USD 695.0 million by 2030, registering a CAGR of 6.5% over the forecast period, according to this report. The rising prevalence of corneal diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the major factor driving the industry's growth.
The gap between demand and supply is also expected to boost industry growth in the long run. Various programs spreading awareness about the importance of corneal donations are also likely to support the industry's growth. Moreover, many European countries are adopting an "opt-out" policy for organ donation to meet the growing demand for corneal grafts.
An increasing number of R&D activities related to corneal implants is expected to foster industry growth over the forecast period. Bioengineered cornea, 3D printed cornea, and stem cell therapy are a few of the topics gaining attention from the stakeholders. Moreover, a favorable reimbursement scenario and increasing focus of manufacturers to develop new products and the expected launch of new products in the next two years are expected to boost the growth of the market over the forecast period. The COVID-19 pandemic led to a temporary lag in sales of corneal implants due to a fall in the number of procedures that were carried out as a precautionary measure to curb the spread of the virus.
However, with the world now returning to normalcy the market is expected to attain a pre-COVID growth rate over the forecast period. North America dominated the global industry in 2021 and accounted for the largest share of the overall revenue. The region is projected to expand further at a steady CAGR from 2022 to 2030 as the U.S is one of the major suppliers of corneal implants globally. On the other hand, the Asia Pacific region is estimated to register the fastest growth rate during the forecast period on account of the rising demand for corneal implants in countries, such as China, Indonesia, and the Philippines.
Corneal Implants Market Report Highlights
Market Dynamics
Market Drivers
Market Restraints
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Corneal Implant Market Variables, Trends & Scope
Chapter 4. Global Corneal Implant Market: Type Estimates & Trend Analysis
Chapter 5. Global Corneal Implant Market: Surgery Method Estimates & Trend Analysis
Chapter 6. Global Corneal Implant Market: Application Estimates & Trend Analysis
Chapter 7. Global Corneal Implant Market: End-user Estimates & Trend Analysis
Chapter 8. Global Corneal Implant Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/teibi3
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KEYWORD:
INDUSTRY KEYWORD: HEALTH OPTICAL SURGERY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/03/2022 07:04 AM/DISC: 10/03/2022 07:04 AM
http://www.businesswire.com/news/home/20221003005530/en