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
size is expected to perceive exponential growth 11.20% CAGR during the
forecasted period (2023 -2032).
The
global Corneal Transplant
Market insights is 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.
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.
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 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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