The artificial cornea implants market is likely to grow to a sassy level shortly. Chabot powered by machine learning is transforming the way patient interaction happens. Machine learning is there to help radiologists identify differences in scans. This, in turn, helps them diagnose and detect health problems, that too, at an early stage. This is the current trend in the healthcare industry and the status quo is expected to remain unchanged even in the future.
An artificial corneal implant is a procedure used to remove all or part of the damaged cornea and replace it with healthy tissue from a donor. However, there is currently a global shortage of corneal donors and many countries do not perform eye and tissue banking. At the same time, there is always a risk that the human eye will reject the graft, leading to infection or loss of vision.
Corneal transplants are usually performed in specific conditions, such as keratoconus, degenerative or other conditions. The artificial corneal tissue can be made of polymeric plastics such as silica-based materials. There are two types of artificial corneal implants, namely synthetic corneal implants and biosynthetic corneal implants.
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In general, biosynthetic corneal implants, including immunosuppression and preventive measures, should be taken from six months to one year. However, synthetic corneal implants do not include immunosuppression and precautions should be taken for seven weeks.
Approximately 10 million people worldwide suffer from corneal blindness. Therefore, the increasing rate of corneal blindness is a major factor in the development of artificial corneal implants. Moreover, the lack of human cornea donors is also responsible for the high growth of this market.
Additionally, the growing number of trauma cases leading to high probability of eye damage will also propel the growth of this market. Human donor corneal transplant has a lower probability of nerve regeneration, while biosynthetic corneal implants have a higher probability of nerve regeneration.
Human eye rejection of allogeneic artificial corneas will be the major limiting factor for the global artificial cornea implantation market. Corneal implants are an expensive procedure and hence the low adoption rate of this procedure in developing countries will also hamper the growth of this market during the forecast period.
Additionally, low availability of human cornea donors and high risk of artificial corneal implant transplant has had a huge impact on its global market.
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The global corneal implants market is categorized based on implant type, indication, and end user.
Indication of the disease
corneal stromal dystrophy
Ambulatory Surgery Center
The artificial corneal implants market is expected to grow exponentially over the forecast period owing to the rising incidence of corneal infections. The increase in visual impairment due to corneal opacity among workers is increasing the demand for corneal implants in the global market.
Biosynthetic corneal implants are preferred over synthetic corneal implants in most outpatient surgery centers. Thus, biosynthetic corneal implants are expected to capture the largest market share by implant type in the global artificial corneal implants market.
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Synthetic corneal implants are only used for severely injured connective tissue. As the market demand for such synthetic implants is lower than the biosynthetic demand. Creating biosynthetic corneas requires manual labor and the method is expensive. Biosynthetic corneal implants are expected to see huge demand in the market in the near future.
On the basis of geography, the artificial corneal implants market is segmented into six key regions, viz. North America, Latin America, Europe, Asia-Pacific (excluding China), China, Middle East and Africa. North America is expected to lead in revenue share by region, followed by Europe, although more than 90% of biosynthetic corneal implants are made in Europe and the United States.
In a 2016 survey, it was clarified that 64% of Britons refuse to donate their cornea for transplantation, increasing the growth of the global corneal implant market. Asia-Pacific India and China are low-cost markets for corneal implants and are therefore the best places for those planning medical tourism. The corneal implants market in the Middle East, Africa and Latin America has grown significantly due to the declining adoption of artificial corneal implants in the region.
Some of the major key players in the global corneal implants market are F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer, Inc., Bayer AG, Bausch & Lomb Incorporated. Another major player in the macular edema market is Acint Inc., ActiveSite, Pharmaceuticals, Inc., Adverum Biotechnologies, Inc., Aerpio Therapeutics, Inc., Ampio Pharmaceuticals, Inc., Araim Pharmaceuticals, Inc., Astellas Pharma Inc., Boehringer, Ingelheim Ltd.
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