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Cornea also named as or corneal mapping or video-keratography cornea works on the anterior chamber of the eye and the lens and it is accounted for over 70% of optical power of the eye. Corneal topography detect the irregular conditions of the cornea. Corneal topography most commonly used for detecting toric intraocular lens (IOL) implantation. Corneal topography is a computer-assisted video keratography (CAVK) device The CAVK device produces a three-dimensional graphic image of the patient’s cornea, and create a graphical representation of the cornea and examining the surface of the cornea. Use of corneal topography devices provide a detailed analysis that helps in monitoring, diagnosing, and treating eye disorders such as corneal abrasions, corneal diseases, corneal deformities, post-operative cataract extraction, and irregular astigmatism. CAVK devices are also used in fitting the contact lenses.
COVID-19 Scenario Analysis:
Coronavirus disease 2019 (COVID-19) has created an economic crisis along with a health care crisis. COVID-19 pandemic has stretched healthcare system worldwide, developed countries are expected to cause economic recession. The Covid-19 pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March. Many small hospitals, clinics and nursing homes, have been forced to shut their operations. As a result of social distancing and localized curfews have resulted in delayed elective surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth.
Outbreak of COVID-19 severely affect the corneal topography market. It affect the supply chain of the market and manufacturer due to the temporarily shutting down of industries in various region. Major market player losses their business.
The Refractive Surgery Evaluation and the Cataract surgery evaluation Segment is accounted as contributing leading Market Share in the corneal topographers Market. North America is the largest dominance region worldwide due to increasing geriatric population, technological advancement in coronal topography, well developed hospital facilities and increasing demand for ocular surgery. On other hand Europe is the second largest market share globally due to increasing awareness about the technological advanced therapy. Whereas, Asia-Pacific expected to drive the market growth during the forecast period because of increasing geriatric population and demand for advanced surgeries.
In 2019, World Health Organization (WHO), reported that globally 4.2 million people with corneal opacities, 6.9 million with glaucoma, 65.2 million affected with cataract and123.7 million people have vision impairment due to refractive error and about 2.2 billion people have a blindness. “International Council of Ophthalmology”, reported that in 2019, globally the occurrence of eyes illnesses raised in population age over 50 due to growing macular degeneration which rises the demand for diagnosis.
Major driving factor such as, the rising the occurrence of ophthalmic diseases, growing geriatric population, rising demand for cataract surgery and implantation of a intraocular lenses (IOL), increasing advanced technology in the corneal topography, Increasing demand for laser refractive error correction procedures large number of usage of contact lenses enhance the market. Increasing occurrence of ophthalmic disorder including diabetic retinopathy refractive errors, etc. drive the corneal topography market. The factor that restrain the corneal topography market such as growing cost of corneal topography devices, lack of awareness about the usage of these devices, restrictions for using corneal topography such as its capacity to only measure four points 3.6 mm, stringent government regulation regarding product approvals.
The new product with improved capabilities have been launched by leading market Players. They have taken necessary steps to improve accuracy and functionality of devices. Leading market players have determined how improved accuracy can be influential in many applications. In 2018, “Ziemer Ophthalmic Systems”, has launched the “Galilei®” line of corneal topographers and “Galilei G2® dual Placido disc system” it is commonly used device for corneal topography. In 2018, “CSO” has launched the “CM02-CMP02®” is a type of combined Placido ring or Schiempflug camera system. In 2017, “Topcon Medical Systems” has launched the “Olsen IOL” calculation formula in its most recent software of the Corneal Topographer HW 3.0 and ALADDIN Biometer this Olsen formula most commonly used to exact predict the physical location of the IOL.
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Key Market Segments
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