USD 455.8 million
Global Corneal Transplant Market Size, Share, Growth Analysis, By Indications(Fungal corneal ulcer, Bullous keratopathy), By Type(Penetrating keratoplasty, Endothelial keratoplasty), By End-user(Hospitals, Eye clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2814 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
96 |
Figures:
66
Global Corneal Transplant Market Insights
Global Corneal Transplant Market size was valued at USD 455.8 million in 2022 and is poised to grow from USD 489.99 million in 2023 to USD 873.88 million by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
As per a report released by the National Institutes of Health (NIH), an estimated 10-15% of patients diagnosed with keratoconus necessitate undergoing a corneal implant procedure at some stage of their treatment. This underscores the significance of corneal implants in managing and addressing the impact of keratoconus, a condition that affects a notable portion of the population. Moreover, corneal blindness emerges as a substantial global health concern, ranking as the third-leading cause of blindness following glaucoma and cataract, with approximately 10 million people affected worldwide.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Penetrating keratoplasty
Fastest Growth
Penetrating keratoplasty
Growth Rate
7.5% CAGR
Global Corneal Transplant Market ($ Mn)
Country Share for North america Region (%)
Global Corneal Transplant Market By Type ($ Mn)
Global Corneal Transplant Market By Type (%)
To get more reports on the above market click here to Buy The Report
Global Corneal Transplant Market Segmental Analysis
The corneal transplant market segmentation, based on indications, includes fungal corneal ulcer, bullous keratopathy, keratoconus, keratitis, corneal stromal dystrophies, and others. The corneal transplant market segmentation, based on type, includes penetrating keratoplasty, endothelial keratoplasty, descemet stripping automated endothelial keratoplasty (DSAEK), corneal graft, corneal limbal stem cell transplant, and others. The corneal transplant market segmentation, based on end-user, includes hospitals, eye clinics, and others. By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World.
Analysis by Indication
The keratoconus category has emerged as the fastest growing segment of the market, driven by advances in eye implant procedures, especially deep Anterior Lamellar Keratoplasty (DALK), and cornea implants the FDA-approved DALK and the availability of other corneal implants have revolutionized the clinical landscape of keratoconus, providing patients with more precise, tailored interventions. Furthermore, the FDA-approved corneal implants as its presence indicates an important contribution to safety and efficacy, and inspires confidence for both health care providers and patients.
The fungal corneal ulcer category has emerged as the most lucrative, accounting for 70.4% of the total market revenue This dominance is mainly due to the rising incidence of fungal corneal ulcers, a trend that is especially pronounced among people of age into the forehead Moreover and tenderness, accompanied by corneal tenderness.
Analysis by Type
The dominant market force, the keratoplasty segment penetration, commands a significant 35% of the total market revenue, equivalent to 0.14 billion. This technique stands out as a standard approach to corneal transplantation because of its well-established safety profile and proven efficacy. This technique addresses a variety of conditions with a large market share confirming its widespread acceptance and use in the medical community, thus confirming its status as a reliable and effective method of cataract delivery replacement.
With the fastest growth in the market, the endothelial keratoplasty category stands out among the alternatives available consistently exhibiting excellent results. This unique approach to corneal transplantation is distinguished by the selective transplantation of only affected endothelial tissue , which makes it popular with healthcare professionals and patients.
Global Corneal Transplant Market By Type, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Corneal Transplant Market Regional Insights
North America is poised to dominate, driven by growing awareness of eye donation programs in the region and active participation by several institutions in the US. The market in North America has gained a significant market share, making it in the industry Underlined to be highly significant. At the same time, the corneal implant market in Canada has shown the fastest growth in this segment.
Asia-Pacific Corneal Implants Market is expected to witness the fastest compound annual growth rate (CAGR) from 2024 to 2031, driven by the rise in eye diseases due to lifestyle changes in the region diabetes, obesity, malnutrition, other lifestyle factors such as diseases are associated with increasing incidence of vision loss, increasing the demand for corneal transplant options Notably, China has highlighted its significant contribution to the region by gaining a significant market share in the corneal transplant market.
Global Corneal Transplant Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Corneal Transplant Market Dynamics
Drivers
Increasing Incidence of Eye Diseases
- A major factor driving the growth of the corneal transplant market is the significant increase in the prevalence of cataracts. Conditions including keratoconus, Fuchs dystrophy, keratitis, cataracts, cataracts, and cataracts, require corneal transplantation as a necessary medical intervention. Notably is that data from the Eye Research Foundation in the US. There exhibit a large load, each being 100,000, About 50 to 200 individuals struggle with complex corneal disease keratoconus. This prevalence highlights the growing demand for corneal implants, as these devices play an important role in eye diseases.
Restraints
High Cost of Treatment
- The corneal transplant market faces significant challenges with the high cost of treatment and a shortage of donor material emerging as key restraining factors to its growth. The expenses associated with corneal transplantation procedures, encompassing pre-operative assessments, surgical interventions, and post-operative care, contribute to the overall financial burden on patients and healthcare systems. The high cost may limit accessibility, particularly in regions with constrained healthcare resources.
Request Free Customization of this report to help us to meet your business objectives.
Global Corneal Transplant Market Competitive Landscape
The competitive environment of the global Corneal Transplant market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Player’s Company Profiles
- Florida Lions Eye Bank
- Alcon Inc.
- Aurolab
- CorneaGen
- AJL Ophthalmic S.A.
- DIOPTEX
- Massachusetts Eye and Ear
- San Diego Eye Bank
- KeraMed, Inc.
- Presbia PLC
Recent Developments
- In April 2024, NHS Blood and Transplant (NHSBT) is initiating its inaugural cornea partnership with the renowned national optician chain, Specsavers, to emphasize the critical need for increased cornea donations. Collaborating with one of the largest and most esteemed retail brands, NHSBT intends to heighten understanding about the significance of corneal donation in facilitating the restoration of vision for numerous individuals awaiting corneal transplants throughout the UK.
- In January 2023, a Korean collaborative research group unveiled a novel tissue adhesive capable of repairing damaged corneas with a straightforward process of filling and light exposure. This innovative adhesive, unlike its predecessors, seamlessly integrates with surrounding tissues and facilitates tissue reconstruction within just three minutes of visible light irradiation.
Global Corneal Transplant Key Market Trends
- The phenomenal growth observed in the corneal transplant market can be attributed to several key factors that combine to increase the demand for these advanced products. The most common late-onset form is Fuchs endothelial dysplasia, a condition that commonly affects individuals over the age of 40. It says, according to an article published in March 2020 in the journal Progress in Retina and Eye Research.
Global Corneal Transplant Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. There has been tremendous growth in the market driven by several key factors. A major cause is the growing incidence of eye diseases, including conditions such as keratoconus and infectious retinopathy. This increase in the prevalence of diseases has led to a demand for advanced surgical procedures to effectively manage these ocular conditions. Additionally, minimally invasive surgery is widely available among consumers, reflecting a broader healthcare landscape. The attractiveness of procedures that reduce discomfort, decrease recovery time and increase overall patient comfort are leading to the adoption of less invasive techniques in eye surgery Besides, increased awareness in eyes of implants, focusing on their aesthetic benefits, and boosted market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 455.8 million |
| Market size value in 2031 | USD 873.88 million |
| Growth Rate | 7.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Corneal Transplant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Corneal Transplant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Corneal Transplant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Corneal Transplant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Corneal Transplant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Corneal Transplant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Corneal Transplant Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
