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Corneal implants market: Global Opportunity Analysis and Industry Forecast, 2020-2030

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Sep 2021 | 49 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Corneal implants market Outlook - 2030

Corneal ring implantation is a surgical procedure for inserting a ring of plastic into the middle layer of a person’s cornea. This can correct certain problems with their cornea and enable them to see clearly. The cornea is the eye’s outermost layer. It is a clear, layer that caps the front of an eye. It helps protect the rest of the eye from germs and debris. It also helps focus light into the eye. Different conditions can damage cornea’s shape. If cornea isn’t the right shape, light rays don’t focus exactly where they should. If this happens, person may have poor vision even when using glasses. Corneal ring implantation is to treat pellucid marginal degeneration. This is another condition in which the cornea thins abnormally. Another use for corneal ring implantation is to treat myopia, also known as near-sightedness.

Corneal implants market scope and structural analysis:

Report Metric

Details

 Market size available for years

 2020-2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Type, Application, End-users and Region

 Geographies covered

•North America

•Europe

•Asia-Pacific

•LAMEA

 Companies covered

Alabama Eye Bank Inc, Alcon Inc., Florida Lions Eye Bank, Presbia PLC, San Diego Eye Bank, CorNeat Vision Ltd., Aurolab, DIPOTEX, AJL Ophthalmic SA (Intacs), KeraMed, Inc., Massachusetts Eye and Ear.

 

Covid-19 Scenario analysis:

There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the corneal implants market.

The use of corneal implants is gathering momentum around the world, owing to their proven efficacy for the correction of presbyopia by improving near and intermediate vision without any detriment to distant vision. There will be a fall in demand for such elective ophthalmic procedures as corneal implant surgery, dry eye procedures, or premium cataract surgery will extend past the end of the COVID-19 lockdown as layoffs and business closures hit people’s pocketbooks. In the days that followed, many ophthalmologists in private practice stayed home. Ophthalmologists in public hospitals were reassigned to fever clinics, and some of them developed fevers themselves. Some hospitals were closed after many of the doctors and nurses became infected with COVID-19.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Increase in the rate of corneal infection:

There has been an increase in the incidence rate of corneal infection. There is increase in visual disability due to cloudy cornea for working people which has increased demand of cornea implant in global corneal implants market. Biosynthetic cornea implant is preferred over synthetic cornea implant by most of the ambulatory surgical centres. Therefore, biosynthetic cornea implant is expected to gain maximum market share by implant type for global artificial corneal implants market. Synthetic cornea implant have used only for severely injured connective tissue. Due to this synthetic implant has less market demand over biosynthetic demand. The crafting of biosynthetic cornea require manual work and it also costly method. It is expected that biosynthetic cornea implant would have huge market demand in near future.

Rise in preference for minimum invasive surgery:

There has been a growing demand for minimally invasive surgical procedure across the globe will serve to be a positive impact rendering factor for business growth. Advantages associated with minimally invasive treatment coupled with growing awareness regarding corneal transplants that provide aesthetic benefits will boost industry growth. Advantages include sharper vision by the first day after surgical procedure, enhanced visual recovery and reduced risk of rejection. Such advantages drive patient preference for corneal implants thereby, fuels business growth.

Restrains:

Increased risk factors of the surgery:

Most people do well with their corneal ring implantation. But complications can happen. Possible complications include keratitis, perforation of the eye, extrusion of your ring (when the ring comes out of the cornea), eye swelling, movement of your ring, night halos or glare, chronic eye pain and infection.

Increase in risk of surgery failure:

There is also a risk that the surgery might not correct your vision as much as you would like, or that it might cause another vision problem, like astigmatism, where the curvature of the cornea becomes irregular. Some people who have corneal ring implantation may need an adjustment surgery to get a better outcome.

Regional analysis:

The regional markets that are having a wide range of opportunities in the ocular implants market are the North America and Europe. These markets are developing due to the factors such as the increased number of the market players in the developed regions and the growing cases of the eye surgeries. The market players are focusing both on the developing and the developed regions in order to explore all the untapped opportunities. In the coming years, the ocular market will grow significantly owing to the developing healthcare infrastructure and the positive patient demographics.

Key segments covered:

Segments

Sub-segments

 Type

  • Synthetic Implant
  • Biosynthetic Implant

 Application

  • Bullous keratopathy
  • Keratoconus
  • Keratitis
  • Corneal stromal dystrophies
  • Others

 End Users

  • Hospitals
  • Ambulatory Surgical Centres
  • Eye surgeons


Key benefits of the report:

  • This study presents the analytical depiction of the global corneal implant industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global corneal implant markets share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global corneal implants market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global corneal implants market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Corneal Implant Market research report:

  • What are the leading market players active in the Corneal Implants market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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