Global Corneal Transplant Market - Overview
Accrediting the
kind of growth, the market is witnessing and the growth prospect the market is
demonstrating, Market Research Future (MRFR), has recently published a
brilliant study report. According to MRFR, the Global Corneal Transplant market
share is expected to perceive exponential growth 11.20% CAGR during the
forecasted period (2023 -2032).
Other factors
propelling the market growth include the changing lifestyle owing to the
growing urbanization & industrialization coupled with the growing economic
conditions that enable access to the quality life & to the improved
healthcare worldwide. Advancements in surgeries, fuel the market growth. In
addition, factors such as increasing number of surgeries and rising demand for
new techniques for the treatment provide major impetus to the market growth.
On the other
hand, factors such as prohibitive costs associated with Corneal Transplant and
the differential awareness and availability between developing and the
developed world are posing challenges to the market growth. Nevertheless, new
products and services offered to the developing countries and emerging
economies by the well-established market players in the developed countries are
filling up this gap. This will resultantly foster the market growth.
The Global Corneal Transplant Market Research growing pervasively over last decade. Factors
such as increasing prevalence injuries & diseases related to the eye/ sight
that fuel the transplants cases are fuelling the market growth to an extent.
Also the risk factors for the blindness & eye sight disorders are creating
the demand for the better Corneal Transplants and treatment methods in turn,
speed up the market growth.
Global Corneal Transplant Market - Competitive Analysis
Global Corneal
Transplant market players are
Florida Lions Eye Bank
CorNeat Vision
CorneaGen
San Diego Eye Bank
Alabama Eye Bank
Aurolab
Cornea Biosciences
KERAMED INC.
Price Vision Group
0 LinkoCare LifeSciences AB
Presbia PLC
AJL Ophthalmic SA
DIOPTER
Massachusetts Eye and Ear
The global
Corneal Transplant market is a fragmented
market with a large number of players. Product development strategy has been
curtailed by the excellent efficiency and efficacy of drugs. However, the rise
of drug resistance has opened doors for new drug development and is an opportunity
for a new market leader. The rise of spurious and counterfeit medicines have
reduced the total market revenues and at the same time displaced standard drugs
off the market.
Global Corneal Transplant Market - Segments
For an easy grasp and enhanced understanding, the report - Global Corneal Transplant Market Trends is segmented in to
4 Key dynamics;
By Surgery Types : Comprises - Penetrating Keratoplasty,
DSAEK (Descemet Stripping Automated Endothelial Keratoplasty), Endothelial
Keratoplasty, Corneal Graft, and Corneal Limbal Stem Cell Transplant among
others.
By Indications : Bullous Keratopathy, Fungal Corneal Ulcer,
Keratoconus, Corneal Stromal Dystrophies, and Keratitis among others.
By End Users : Hospitals & Eye clinics among others.
By Regions : North America, Europe, APAC and Rest of
the World.
Global Corneal Transplant Market - Regional Analysis
Globally, Europe is the largest market for the Corneal
Transplant. Factors such as the availability of multiple treatment
options, prevention strategy as well as rising influence of organ donation
programs, coupled with the increased government emphasis on organ donation
policies drive the regional growth of the market. Moreover, increasing
prevalence of diabetes in the region are providing impetus to the market
growth.
While North America region stands as the second-largest
market for Corneal Transplant. This growth attributes to the increasing demand
for corneal transplant surgery coupled with the growing prevalence of eye
diseases, and vision impairment among people in the region drive the regional
market growth. Moreover, growing Centers for Disease Control and Prevention,
coupled with the age-related eye diseases such as age-related macular
degeneration, cataract, diabetic retinopathy, and glaucoma are leading causes of
blindness and vision imparity especially in the United States; such factors
foster the regional market growth.
On the other hand the developing regions markets
particularly Asia Pacific will be the fastest growing market for Corneal
Transplant. Risk factors for the eye
diseases such as the ever-increasing
prevalence of chronic diseases such as diabetes, diabetic retinopathy, and
obesity provide impetus to the growth of the regional market. Attributing to
the availability of qualitative eye care treatment and skilled medical
professionals, India has become one of the international medical tourism
destinations across the world. This, in turn fuels the growth of corneal
transplant market in India resultantly, fostering the growth of the APAC
market.
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