Global Corneal Transplant Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025

The growing geriatric population susceptible to eye diseases are driving the growth of this market. Moreover, technological advancements coupled with the growing incidence of eye diseases worldwide is further boosting corneal implants industry growth. The presence of organizations such as the Eye Bank Association of America (EBAA) and The Global Alliance of Eye Bank Associations to promote policies for encouraging effective corneal transplantation shall render a positive impact on business growth. Growing awareness regarding eye disease diagnosis should favor corneal implants industry growth over the forecast timeline.
The global Corneal Transplant market was million US$ in 2018 and is expected to million US$ by the end of 2025, growing at a CAGR of between 2018 and 2025.

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Hospital segment has gained significant revenue share around 45% in 2018 owing to the availability of emergency facilities, well-established healthcare infrastructure and the presence of skilled healthcare professionals in hospital settings are enhancing this market share. Several government initiatives in developing regions to lower the cost of ophthalmic procedures taking place in hospitals will foster segment growth. Favorable reimbursement scenarios to resolve the affordability issues in relatively lower-income countries will surge segment growth.
 
The ambulatory surgical center segment was valued more than USD 135 million in 2018 and will show lucrative growth by 2025. Segment growth is attributed to rising reluctance to in-patient surgeries and demand for minimally invasive procedures. Patient preference for effective treatment and concerns regarding hospital-acquired infections will further favor business growth in the foreseeable future.

North America's corneal implants market held more than 60% revenue share in 2018 and will show similar trend over the forecast timeframe. Regional growth is attributed to a growing prevalence of diabetes in the region resulting in a high risk of developing severe eye diseases. The availability of advanced technologies and healthcare infrastructure will positively influence regional market growth. Strong foothold of key market players and eye banks in North America will further upsurge the corneal implants industry growth.

Asia Pacific corneal implants market is anticipated to witness a growth of 8% CAGR during the forthcoming years. High growth can be attributed to a rising number of corneal transplants in the region. Large patient pools in the region suffering from various eye diseases offers numerous growth opportunities to players operating in the corneal implants market. Moreover, various programs for efficient eye-banking skills organized by eye banks and other organizations will further drive Asia Pacific corneal implants industry growth over the coming years.

Key industry players operating in the corneal implants market include Alabama Eye Bank, Alcon, Florida Lions Eye Bank, Presbia, San Diego Eye Bank, CorNeat Vision, Aurolab, DIPOTEX, AJL Ophthalmic SA (Intacs), KeraMed and Massachusetts Eye and Ear.

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