The global artificial corneal implants market size was estimated at around USD 67.95 million in 2022 and it is projected to hit around USD 135.68 million by 2032, growing at a CAGR of 7.16% from 2023 to 2032.
Key Pointers
The increasing prevalence of corneal disorders, increasing demand for corneal transplants, and shortage of human corneas are significant factors driving the demand for the artificial corneal implants market. The COVID-19 pandemic had a significant negative impact on the artificial corneal implants market. The lockdowns and restrictions implemented by governments had a major impact on the market. With changes in healthcare priorities and the healthcare professionals dedicatedly working to treat and control the spread of the virus, elective surgeries were either canceled or postponed.
Moreover, in order to control the spread of the virus and as a preventive measure, many people avoided visits to hospitals or any other healthcare setting. This resulted in an overall drop in the number of corneal transplants that were carried out during the pandemic, which led to a negative impact on the market. However, due to the presence of a huge patient pool and a rising number of product launches, the artificial corneal implants market recovered at a great pace. In addition, with an increased focus on R&D in the healthcare sector by governments, the market is further expected to flourish over the forecast period.
The market is predominantly driven by a rise in the prevalence of eye disorders. An increase in the occurrence of eye-related disorders, such as keratoconus, ocular cicatricial pemphigoid, corneal stromal dystrophies, and infectious keratitis, is a major market driver. Studies suggest that Keratoconus affects approximately 50 to 200 per 100,000 individuals. In the U.S., the prevalence is about 54.5 per 100,000 individuals.
Corneal blindness is the third leading cause of blindness after glaucoma and cataract, affecting 10 million people globally. According to a research article published by the Eye Bank Association of America in 2021, an estimated 200,000 corneal implant procedures are performed annually. Artificial corneal implantation typically applies to patients who are not suited for a living corneal transplant from a human donor to regain their vision.
According to an article from Harvard Medical School, about 12.7 million individuals worldwide are waiting for corneal transplants, implying that only 1 in every 70 persons in need of a transplant is treated. Significant attempts have been made to create alternatives to human donor corneas to address the scarcity of donor tissue and the problems associated with corneal donor transplantation, thus augmenting the adoption of artificial corneal implants.
Furthermore, in low-risk patients with corneal blindness, corneal transplantation is successful, but it frequently fails in high-risk patients with recurring or chronic inflammatory disorders, as well as glaucoma. Another major factor driving the market growth is the large patient pool and limited supply of donors.
Artificial Corneal Implants Market Segmentations:
By Transplant Type
By Indication
By Implant Type
By Implant End-use
Artificial Corneal Implants Market Key Players and Regions Segmentations:
Key Players | Regions |
FCI Ophthalmics, Inc. Beijing Microkpro Medical Instrument Co. Ltd. DIOPTEX Medizinprodukte Forschungs KeraMed, Inc. EyeYon |
North America Europe Asia Pacific Latin America Middle East & Africa |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Artificial Corneal Implants Market
5.1. COVID-19 Landscape: Artificial Corneal Implants Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Artificial Corneal Implants Market, By Transplant Type
8.1. Artificial Corneal Implants Market, by Transplant Type, 2023-2032
8.1.1. Hard Keratoprosthesis
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Soft Keratoprosthesis
8.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Artificial Corneal Implants Market, By Indication
9.1. Artificial Corneal Implants Market, by Indication, 2023-2032
9.1.1. Stevens-Johnson syndrome (SJS)
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Ocular Cicatricial Pemphigoid (OCP)
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Ocular burns
9.1.3.1. Market Revenue and Forecast (2019-2032)
9.1.4. Keratoconus
9.1.4.1. Market Revenue and Forecast (2019-2032)
9.1.5. Corneal stromal dystrophies
9.1.5.1. Market Revenue and Forecast (2019-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Artificial Corneal Implants Market, By Implant Type
10.1. Artificial Corneal Implants Market, by Implant Type, 2023-2032
10.1.1. Synthetic
10.1.1.1. Market Revenue and Forecast (2019-2032)
10.1.2. Biosynthetic
10.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 11. Global Artificial Corneal Implants Market, By Implant End-use
11.1. Artificial Corneal Implants Market, by Implant End-use, 2023-2032
11.1.1. Hospitals
11.1.1.1. Market Revenue and Forecast (2019-2032)
11.1.2. Ophthalmic Centers
11.1.2.1. Market Revenue and Forecast (2019-2032)
11.1.3. Ambulatory Surgical Centers
11.1.3.1. Market Revenue and Forecast (2019-2032)
Chapter 12. Global Artificial Corneal Implants Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.1.2. Market Revenue and Forecast, by Indication (2019-2032)
12.1.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.1.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.1.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.1.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.1.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.1.6.2. Market Revenue and Forecast, by Indication (2019-2032)
12.1.6.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.1.6.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.2.2. Market Revenue and Forecast, by Indication (2019-2032)
12.2.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.2.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.2.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.2.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.2.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.2.6.2. Market Revenue and Forecast, by Indication (2019-2032)
12.2.6.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.2.6.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.2.7.2. Market Revenue and Forecast, by Indication (2019-2032)
12.2.7.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.2.7.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.2.8.2. Market Revenue and Forecast, by Indication (2019-2032)
12.2.8.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.2.8.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.3.2. Market Revenue and Forecast, by Indication (2019-2032)
12.3.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.3.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.3.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.3.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.3.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.3.6.2. Market Revenue and Forecast, by Indication (2019-2032)
12.3.6.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.3.6.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.3.7.2. Market Revenue and Forecast, by Indication (2019-2032)
12.3.7.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.3.7.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.3.8.2. Market Revenue and Forecast, by Indication (2019-2032)
12.3.8.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.3.8.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.4.2. Market Revenue and Forecast, by Indication (2019-2032)
12.4.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.4.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.4.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.4.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.4.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.4.6.2. Market Revenue and Forecast, by Indication (2019-2032)
12.4.6.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.4.6.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.4.7.2. Market Revenue and Forecast, by Indication (2019-2032)
12.4.7.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.4.7.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.4.8.2. Market Revenue and Forecast, by Indication (2019-2032)
12.4.8.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.4.8.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.5.5.2. Market Revenue and Forecast, by Indication (2019-2032)
12.5.5.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.5.5.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Transplant Type (2019-2032)
12.5.6.2. Market Revenue and Forecast, by Indication (2019-2032)
12.5.6.3. Market Revenue and Forecast, by Implant Type (2019-2032)
12.5.6.4. Market Revenue and Forecast, by Implant End-use (2019-2032)
Chapter 13. Company Profiles
13.1. FCI Ophthalmics, Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Beijing Microkpro Medical Instrument Co. Ltd.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. DIOPTEX Medizinprodukte Forschungs
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. KeraMed, Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. EyeYon
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms