Corneal Implants Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Corneal Implants Market Report Overview
The corneal implants market size was valued at $489.4 million in 2023. The corneal implants market will grow at a CAGR of more than 1% from 2023 to 2033. Increasing cases of corneal blindness and the surging popularity of value-based healthcare have allowed an increased number of corneal donations, thus, driving the corneal implants market growth.
Corneal Implants Market Outlook 2023-2033 ($ Million)
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The corneal implants market research report explains the market behavior, which will help identify quantitative market trends within ophthalmic devices therapeutic areas. The report has extensively covered regional-wise quantitative data, highlighting the number of corneal implants across labs, which will help in identifying untapped market opportunities. The corneal implants market model also discusses the detailed impact of COVID-19 on the corneal implants market for 2020 and beyond.
Market Size (2023) | $489.4 million |
CAGR (2023-2033) | >1% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Corneal Implants Market Dynamics
The market for corneal implants is expected to grow throughout the forecast period with growth in number of corneal transplant procedures performed using corneal grafts and KPros. Efforts to provide high numbers of corneal grafts by eye banks and various institutions focused at elimination of corneal blindness will allow increase in the market of corneal grafts. The KPro market is currently dominated by Massachusett’s Boston Keratoprosthesis, followed by KeraMed Inc’s KeraKlear. However, other local players would also be gaining market shares for keratoprostheses in respective countries owing to technological advancements and support provided by government authorities. The market for intrastromal corneal rings segment (ICRS) is currently dominated by AJL Ophthalmic SA.
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Corneal Implants Market Segments
The key segments in the corneal implants market are corneal grafts, intrastromal corneal ring segments, and Keratoprostheses. In 2023, the corneal grafts segment dominated the market share. The segment is expected to retain its dominance during the projected period.
Corneal Implants Market Analysis by Segments, 2023 (%)
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Corneal Implants Market Analysis by Segments, 2023 (%)
The key regions in the corneal implants market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America was the largest regional market.
The North American market for corneal implants is the largest in the world, driven by the large US market. This region accounts for more than 47% of the global market for corneal implants. This market has experienced rapid growth in recent years and this trend is expected to continue throughout the forecast period. Factors such as growing healthcare revenues, increasing patient populations, and a surging focus on technological advancements for the eradication of corneal blindness are driving growth in this region.
Corneal Implants Market Analysis by Regions, 2023 (%)
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Corneal Implants Market – Competitive Landscape
The key companies in the corneal implants market are Sightlife, CorneaGen Inc, AJL Ophthalmic SA, Massachusetts Eye and Ear Infirmary, Lions VisionGift, and KeraMed Inc among others. In 2023, Sightlife accounted for the highest corneal implants market share and value.
Corneal Implants Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report.
Corneal Implants Segment Outlook ($ Million, 2015-2033)
- Corneal Grafts
- Intrastromal Corneal Ring Segments
- Keratoprostheses
Corneal Implants Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed corneal implants market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total corneal implants market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Corneal implants market.
- Competitive dynamics insights and trends provided for the corneal implants market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Sightlife, CorneagGen Inc, AJL Ophthalmic SA, Massachusetts Eye and Ear Infirmary, Lions VisionGift, Keramed Inc, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the corneal implants marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on corneal implants.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving corneal implants.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the corneal implants market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific corneal implants market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
CorneaGen Inc
AJL Ophthalmic SA
Massachusetts Eye and Ear Infirmary
Lions VisionGift
KeraMed Inc
Others
Frequently asked questions
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What was the corneal implants market size in 2023?
The corneal implants market size was $489.4 million in 2023.
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What will be the CAGR of the corneal implants market during 2023-2033?
The corneal implants will grow at a CAGR of more than 1% during 2023-2033.
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Which was the leading segment in the corneal implants market?
Corneal grafts segment was leading the corneal implants market in 2023.
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Which region held the largest share of the corneal implants market?
North America was the largest regional market for corneal implants in 2023.
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Which are the leading players in the corneal implants market?
The key companies in the corneal implants market are Sightlife, CorneagGen Inc, AJL Ophthalmic SA, Massachusetts Eye and Ear Infirmary, Lions VisionGift, Keramed Inc, and Others.
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