Corneal Implants Market To Reach $68.4M At A CAGR Of 13% In 2029|Alcon, Inc., CorneaGen, Aurolab And More – Tips & Results

The globe Corneal Implants Market is estimated to grow at the rate of 13% achieve in the coming time US$68.4 million in 2029. Integration with virtual reality solutions is expected to dominate over the forecast period. Augmented reality could also be used fully hands-free, by voice command or to automatically display supporting data to access information and reports while treating patients or without having to leave existing operations. That would be the healthcare vertical in the future.

The usage of corneal implants is gaining worldwide importance due to its proven effectiveness in correcting presbyopia by improving near and intermediate vision without compromising distance vision. Corneal implants are the most promising device for refractive surgery that will bring about a change to improve the patient’s quality of life while also being safe, effective, reversible and minimally invasive. The introduction of newer materials with improved biocompatibility along with advances in related technologies has increased the success of corneal implants for visually impaired patients. Corneal implants have gained clinical importance due to the lower risks associated with corneal inlay surgery compared to intraocular surgery, faster recovery of vision, and biomechanical stability.

The global Corneal Implants Market has been assessed US$18.5 million in 2018and is expected to peak CAGR of 13% in the forecast period (2019-2029).

Company Profiles:

  • CorneaGen (SightLife Surgical)
  • Presbia PLC
  • DIOPTEX medical products research, development and sales GmbH

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Key Findings of the Corneal Implants market study

  • The segment of small aperture corneal implantable devices has emerged as the largest segment by implant type 68% of sales share in the market for corneal implants. This is attributed to the use of biomaterial that has holes to facilitate the diffusion of oxygen and nutrients through the cornea. This is the only corneal implant commercially available in the United States, Europe, Asia Pacific and the Middle East.
  • Eye clinics accounted for a large proportion of sales 82%due to the greater proportion of inpatient corneal implant procedures and the availability of qualified personnel to perform refractive surgeries in presbyopic patients.
  • Cumulatively, North America and Europe hold more than 75% Share of the global corneal implant market. Europe holds a slightly larger market share and is expected to advance at an excellent CAGR of 14% during the forecast period.
  • The increasing volume of refractive surgeries performed, the increasing prevalence of presbyopia and high demand for corneal implants have contributed to Europe’s dominance in the global corneal implant market.

“The global corneal implant market is growing in tandem with the rapidly growing presbyopic population. A wider range of approaches is being seen in corneal implants due to continued technological advances,” says a PMR analyst.

Acquisition – Strategic focus on manufacturers of corneal implants

Various players in the Corneal Implants market are focused on inorganic growth strategies such as acquisitions and partnerships. These activities have played a critical role in expanding businesses and increasing the customer base of market participants. For example in August 2016, Presbia PLC, an ophthalmic device company and a leader in near vision restoration, has completed the acquisition of Neoptics AG, including its intellectual property portfolio. March 2018, acquired SightLife Surgical AcuFocus, whose Kamra corneal inlay was the first to receive FDA clearance, designed for the surgical correction of presbyopia. These success strategies of leading actors are also being pursued by regional and local actors.

More valuable insights into the Corneal Implants market

Persistence Market Research brings a comprehensive research report on the forecast sales growth at the global, regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments of 2014 to 2029. The global Corneal Implants Market is segmented in detail to cover every aspect of the market and present the readers with a complete market intelligence approach. The study provides compelling insights into the corneal implant market on the basis of implant type (small aperture implantable corneal devices, implantable corneal reshaping devices and refractive implantable corneal devices), end-user (eye clinics, ambulatory surgical centers and hospitals) and indication (presbyopia, hypermetropia, myopia and astigmatism) in seven main regions.

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Important Key questions answered in Corneal Implants market report

How is the Corneal Implants market expected to grow over the projected period?

What direction is the Corneal Implants market likely to take in terms of volume and value during the forecast period?

How will macroeconomic factors impact the Corneal Implants market in the future?

What are the key market drivers in the Corneal Implants market?

What are significant opportunities and areas for improvement for Corneal Implants market manufacturers?

What are the key developments and trends in the corneal implants market?

Which are the emerging countries which are expected to create significant growth opportunities in the corneal implants market?

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