Market Overview:
The global artificial cornea market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising awareness about advanced treatment options, and technological advancements in the artificial cornea industry. Based on type, the global artificial cornea market is segmented into hydroxyethyl methacrylate (HEMA), polymethyl methacrylate (PMMA), silicone gel, and glass. HEMA dominates this market due to its high biocompatibility and transparency. Based on application, the global artificial cornea market is segmented into hospital and specialist clinic settings. The hospital setting dominates this market due to increased demand for advanced treatments for eye disorders such as keratoconus and bullous keratopathy.
Product Definition:
An artificial cornea is a device that is surgically implanted in the eye to improve vision. It is used to replace a damaged or missing cornea. The artificial cornea replaces the natural lens of the eye and helps focus light on the retina.
Hydroxyethyl methacrylate:
Hydroxyethyl methacrylate, commonly known as urethane or hypercryst, is a synthetic polymer with high molecular weight. It is soluble in alcohol and ether but insoluble in water. Urethane has been used for many years as an industrial adhesive and has recently gained popularity as an artificial cornea material due to its biocompatibility properties.
Polymethyl Methacrylate:
PMMA is a type of acrylic polymer and it's major application is in the manufacturing of artificial cornea. The other applications include PMMA films for UV protection, as a substrate in thin-film solar cells, and as an opacifier in LED lightings.
Application Insights:
Based on application, the market is segmented into hospital, specialty clinic and others. Hospital held the largest share in 2017 owing to increasing prevalence of refractive errors such as myopia (near-sightedness) and hyperopia (farsightedness). As per WHO, around 1.0 billion people are affected by visual impairment worldwide which includes blindness caused by myopia or hyperopia. Thus, rising number of patients suffering from refractive errors requiring corneal transplantation for restoring normal vision is boosting demand for artificial cornea globally.
Moreover, growing awareness about availability of advanced products with better outcomes in terms of restored vision coupled with rising disposable income levels in several countries including China and India will boost demand over the forecast period globally. Artificial cornea specialty clinics provide a comfortable environment that helps patients relax while undergoing treatment thereby improving their chances for successful surgery resulting in higher adoption across various regions worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of blindness, rising awareness about corneal implants, and availability of advanced technologies for grafting. Moreover, high prevalence of chronic diseases like diabetes is expected to boost the demand for artificial cornea in this region. For instance, as per American Diabetes Association’s 2018 Report Card on Diabetes & Health, 29 million Americans were diagnosed with diabetes and 7 million more had the condition but did not know it (CDC). Such statistics highlight the need for artificial cornea implantation surgeries which will further fuel growth in North America market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over a period from 2018 to 2030 due to factors such as growing medical tourism industry and an increase in vision-related disorders especially among young population that leads them to opt for surgery promptly resulting into higher adoption rate of these products/services thus driving up demand during estimated time frame.
Growth Factors:
- Increasing prevalence of corneal blindness and other eye disorders: The global prevalence of corneal blindness is estimated to be around 5 million, out of which 90% cases are due to preventable causes. This number is expected to increase in the coming years due to the increasing aging population and rising incidence of diabetes and other eye disorders.
- Growing demand for advanced treatment options: There is a growing demand for advanced treatment options for various ocular diseases, including corneal blindness. Artificial cornea implants offer a potential solution for such patients and are thus expected to witness high growth in the coming years.
- Technological advancements: The artificial cornea market has witnessed significant technological advancements in recent years, with new products being launched into the market on a regular basis. This has helped boost adoption rates among patients as well as surgeons worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Cornea Market Research Report
By Type
Hydroxyethyl methacrylate, Polymethyl Methacrylate, Silicone Gel, Glass
By Application
Hospital, Specialist Clinic
By Companies
Ajl Ophthalmic SA, Corneagen，Inc., Addition Technology，Inc., Linkocare Life Sciences Ab, Presbia plc, Mediphacos, Aurolab, Cornea Biosciences, Inc., Eyeyon Medical, Florida Lions Eye Bank, Ajl Ophthalmic SA, Sightlife, Advancing Sight Network, San Diego Eye Bank, Keramed, Inc., Corneat Vision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Cornea Market Report Segments:
The global Artificial Cornea market is segmented on the basis of:
Types
Hydroxyethyl methacrylate, Polymethyl Methacrylate, Silicone Gel, Glass
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Specialist Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ajl Ophthalmic SA
- Corneagen，Inc.
- Addition Technology，Inc.
- Linkocare Life Sciences Ab
- Presbia plc
- Mediphacos
- Aurolab
- Cornea Biosciences, Inc.
- Eyeyon Medical
- Florida Lions Eye Bank
- Ajl Ophthalmic SA
- Sightlife
- Advancing Sight Network
- San Diego Eye Bank
- Keramed, Inc.
- Corneat Vision
Highlights of The Artificial Cornea Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydroxyethyl methacrylate
- Polymethyl Methacrylate
- Silicone Gel
- Glass
- By Application:
- Hospital
- Specialist Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Artificial Cornea Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Artificial cornea is a type of medical implant that replaces the natural lens in your eye. Artificial corneas are made from a material similar to human tissue and can help you see better than ever before.
Some of the major players in the artificial cornea market are Ajl Ophthalmic SA, Corneagen，Inc., Addition Technology，Inc., Linkocare Life Sciences Ab, Presbia plc, Mediphacos, Aurolab, Cornea Biosciences, Inc., Eyeyon Medical, Florida Lions Eye Bank, Ajl Ophthalmic SA, Sightlife, Advancing Sight Network, San Diego Eye Bank, Keramed, Inc., Corneat Vision.
The artificial cornea market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Cornea Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Artificial Cornea Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Artificial Cornea Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Artificial Cornea Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Artificial Cornea Market Size & Forecast, 2018-2028
4.5.1 Artificial Cornea Market Size and Y-o-Y Growth
4.5.2 Artificial Cornea Market Absolute $ Opportunity
Chapter 5 Global Artificial Cornea Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Artificial Cornea Market Size Forecast by Type
5.2.1 Hydroxyethyl methacrylate
5.2.2 Polymethyl Methacrylate
5.2.3 Silicone Gel
5.2.4 Glass
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Cornea Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Artificial Cornea Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Specialist Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Cornea Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Cornea Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Artificial Cornea Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Cornea Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Artificial Cornea Market Size Forecast by Type
9.6.1 Hydroxyethyl methacrylate
9.6.2 Polymethyl Methacrylate
9.6.3 Silicone Gel
9.6.4 Glass
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Artificial Cornea Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Specialist Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Artificial Cornea Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Cornea Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Artificial Cornea Market Size Forecast by Type
10.6.1 Hydroxyethyl methacrylate
10.6.2 Polymethyl Methacrylate
10.6.3 Silicone Gel
10.6.4 Glass
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Artificial Cornea Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Specialist Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Artificial Cornea Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Cornea Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Artificial Cornea Market Size Forecast by Type
11.6.1 Hydroxyethyl methacrylate
11.6.2 Polymethyl Methacrylate
11.6.3 Silicone Gel
11.6.4 Glass
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Artificial Cornea Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Specialist Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Artificial Cornea Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Cornea Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Artificial Cornea Market Size Forecast by Type
12.6.1 Hydroxyethyl methacrylate
12.6.2 Polymethyl Methacrylate
12.6.3 Silicone Gel
12.6.4 Glass
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Artificial Cornea Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Specialist Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Artificial Cornea Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Cornea Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Artificial Cornea Market Size Forecast by Type
13.6.1 Hydroxyethyl methacrylate
13.6.2 Polymethyl Methacrylate
13.6.3 Silicone Gel
13.6.4 Glass
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Artificial Cornea Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Specialist Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Cornea Market: Competitive Dashboard
14.2 Global Artificial Cornea Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ajl Ophthalmic SA
14.3.2 Corneagen，Inc.
14.3.3 Addition Technology，Inc.
14.3.4 Linkocare Life Sciences Ab
14.3.5 Presbia plc
14.3.6 Mediphacos
14.3.7 Aurolab
14.3.8 Cornea Biosciences, Inc.
14.3.9 Eyeyon Medical
14.3.10 Florida Lions Eye Bank
14.3.11 Ajl Ophthalmic SA
14.3.12 Sightlife
14.3.13 Advancing Sight Network
14.3.14 San Diego Eye Bank
14.3.15 Keramed, Inc.
14.3.16 Corneat Vision
