Global Corneal Implantable Devices Market: Industry Analysis and Forecast (2023-2029)


Global Corneal Implantable Devices Market size is expected to grow at a CAGR of 7.3% during the forecast period and the market size is expected to reach nearly US$ 745.54 Mn. by 2029.

Global Corneal Implantable Devices Market Overview:

Corneal Implants are the optical devices that are inserted into the cornea to correct the decreased near vision in presbyopic people and reduce the need for reading spectacles. These devices have also been used for the correction of hyperopia, myopia, and astigmatism. Commercially available corneal implantable devices include the Kamra Inlay, The Presbia Flexivue Microlens, Raindrop near Vision Inlay, and Icolens. Corneal Implantable Devices MarketTo know about the Research Methodology :- Request Free Sample Report

Global Corneal Implantable Devices Market Dynamics:

Increase in ophthalmic disorders is the major factor driving the market

Ophthalmic disorders such as glaucoma, scleritis, and Age-Related Macular Degeneration (AMD) is propelling demand for Corneal Implantable Devices. A sedentary lifestyle, which may result in diabetes, and strain on the eye due to long working hours on the computer are the reasons for “dry eye” and diabetic retinopathy. A cataract is one of the leading causes of blindness and accounts for about 51.0% of the world’s blindness. The geriatric population is most commonly affected by cataract, hence these factor propels the market growth. Advancements in the biocompatible material used for corneal implants provide additional benefits to patients suffering from presbyopia.

This factor contributes to the growth of the market. According to EBAA, presbyopia affects nearly over 80-90% population above the age of 40 years worldwide. However, potential side effects or damage associated with the use of corneal implants to the eye, lack of skilled professionals to perform the implantation procedures may hamper the growth of the Corneal Implantable Devices market over the forecast period.

The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.

Global Corneal Implantable Devices Market Segment Analysis:

The global Corneal Implantable Devices Market is segmented on the basis of Type of Implant and End-Users.Corneal Implantable Devices Market1Based on the Type of Implant, the Small Aperture Corneal Implantable Device is expected to hold a significant market share during the forecast period, owing to its large scale application in Presbyopia treatment. These small aperture corneal inlays are inserted into the patient’s corneal stroma after creating a corneal flap with femtosecond laser. In United States, KAMRA Inlay developed by AcuFocus, gained FDA approval in April 2015, and it is commercially available in 50 countries worldwide. It is estimated that Presbyopes number will surpass 2.1 Billion after 2020 which will result in increased demand for KAMRA Inlay.

Global Corneal Implantable Devices Market Regional Insights:

Global Corneal Implantable Devices Market by Regional

Europe is expected to dominate the global market during forecast period.

Increasing prevalence of eye-related disorders like AMD, cataract, glaucoma, diabetic retinopathy, diabetic macular edema, and dry eye disorders in the region and high adoption of are some of the driving factors for the market in the region. Rising prevalence of Presbyopia in the UK and the increase in demand for advanced corneal implant techniques expected to drive the market growth in Europe at a CAGR of 13% during the forecast period. It is estimated that there are over 209 million European population suffers from presbyopia.

Asia Pacific is expected to witness fastest growth.

Increasing prevalence of diabetes and other eye-related disorders in Asian countries with a rising geriatric population pool who are more susceptible in acquiring these vision impairments will contribute to the market growth. Lifestyle changes and increased screen usage serves as a primary factor in augmenting the market growth in APAC.

The report also helps in understanding Global Corneal Implantable Devices Market dynamics, structure by analyzing the market segments and project the Global Corneal Implantable Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Corneal Implantable Devices Market make the report investor’s guide.

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Global Corneal Implantable Devices Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 455.28 Mn.




Forecast Period 2023 to 2029 CAGR:
7.3%
Market Size in 2029:
US $ 745.54 Mn.




 Segments Covered:
by Type of Implant
Refractive Corneal Implantable Device
Corneal Reshaping Implantable Device
Small Aperture Corneal Implantable Device




by End users
Hospitals
Ophthalmic Clinics
Retail Ophthalmic Stores
Online Retail






Global Corneal Implantable Devices Market, By Region:

North America (United States, Canada and Mexico
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key players operating in global Corneal Implantable Devices Market:

1. ReVision Optics, Inc.
2. Presbia.
3. Neoptics AG
4. AcuFocus Inc.
5. CorneaGen (SightLife Surgical)
6. DIOPTEX
7. Bausch & Lomb
8. Alcon
9. Carl Zeiss
10.Johnson & Johnson
11.MORCHER GmbH
12.STAAR surgical
13.Glaucos
14.Hoya Corporation
15.Ophtec BV

FAQ
1] What segments are covered in the Global Corneal Implantable Devices Market report?
Ans. The segments covered in the Global Market report are based on Type of Implant, End users.

2] Which region is expected to hold the highest share in the Global Corneal Implantable Devices Market?
Ans. North America region is expected to hold the highest share in the Global Market.

3] What is the market size of the Global Market by 2029?
Ans. The market size of the Global Market by 2029 is expected to reach US$ 745.54 Mn.

4] What is the forecast period for the Global Market?
Ans. The forecast period for the Global Market is 2023-2029.

5] What was the market size of the Global Market in 2022?
Ans. The market size of the Global Market in 2022 was valued at US$ 455.28 Mn. 




1. Corneal Implantable Devices Market Introduction
1.1. Study Assumption and Market Definition
1.2. Scope of the Study
1.3. Executive Summary

2. Corneal Implantable Devices Market: Dynamics
2.1. Corneal Implantable Devices Market Trends by Region
2.1.1. North America Corneal Implantable Devices Market Trends
2.1.2. Europe Corneal Implantable Devices Market Trends
2.1.3. Asia Pacific Corneal Implantable Devices Market Trends
2.1.4. Middle East and Africa Corneal Implantable Devices Market Trends
2.1.5. South America Corneal Implantable Devices Market Trends
2.2. Corneal Implantable Devices Market Dynamics by Region
2.2.1. North America
2.2.1.1. North America Corneal Implantable Devices Market Drivers
2.2.1.2. North America Corneal Implantable Devices Market Restraints
2.2.1.3. North America Corneal Implantable Devices Market Opportunities
2.2.1.4. North America Corneal Implantable Devices Market Challenges
2.2.2. Europe
2.2.2.1. Europe Corneal Implantable Devices Market Drivers
2.2.2.2. Europe Corneal Implantable Devices Market Restraints
2.2.2.3. Europe Corneal Implantable Devices Market Opportunities
2.2.2.4. Europe Corneal Implantable Devices Market Challenges
2.2.3. Asia Pacific
2.2.3.1. Asia Pacific Corneal Implantable Devices Market Drivers
2.2.3.2. Asia Pacific Corneal Implantable Devices Market Restraints
2.2.3.3. Asia Pacific Corneal Implantable Devices Market Opportunities
2.2.3.4. Asia Pacific Corneal Implantable Devices Market Challenges
2.2.4. Middle East and Africa
2.2.4.1. Middle East and Africa Corneal Implantable Devices Market Drivers
2.2.4.2. Middle East and Africa Corneal Implantable Devices Market Restraints
2.2.4.3. Middle East and Africa Corneal Implantable Devices Market Opportunities
2.2.4.4. Middle East and Africa Corneal Implantable Devices Market Challenges
2.2.5. South America
2.2.5.1. South America Corneal Implantable Devices Market Drivers
2.2.5.2. South America Corneal Implantable Devices Market Restraints
2.2.5.3. South America Corneal Implantable Devices Market Opportunities
2.2.5.4. South America Corneal Implantable Devices Market Challenges
2.3. PORTER’s Five Forces Analysis
2.4. PESTLE Analysis
2.5. Technology Roadmap
2.6. Regulatory Landscape by Region
2.6.1. North America
2.6.2. Europe
2.6.3. Asia Pacific
2.6.4. Middle East and Africa
2.6.5. South America
2.7. Key Opinion Leader Analysis For Corneal Implantable Devices Industry
2.8. Analysis of Government Schemes and Initiatives For Corneal Implantable Devices Industry
2.9. Corneal Implantable Devices Market Trade Analysis
2.10. The Global Pandemic Impact on Corneal Implantable Devices Market

3. Corneal Implantable Devices Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029
3.1. Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
3.1.1. Refractive Corneal Implantable Device
3.1.2. Corneal Reshaping Implantable Device
3.1.3. Small Aperture Corneal Implantable Device
3.2. Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
3.2.1. Hospitals
3.2.2. Ophthalmic Clinics
3.2.3. Retail Ophthalmic Stores
3.2.4. Online Retail
3.3. Corneal Implantable Devices Market Size and Forecast, by Region (2022-2029)
3.3.1. North America
3.3.2. Europe
3.3.3. Asia Pacific
3.3.4. Middle East and Africa
3.3.5. South America

4. North America Corneal Implantable Devices Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029
4.1. North America Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
4.1.1. Refractive Corneal Implantable Device
4.1.2. Corneal Reshaping Implantable Device
4.1.3. Small Aperture Corneal Implantable Device
4.2. North America Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
4.2.1. Hospitals
4.2.2. Ophthalmic Clinics
4.2.3. Retail Ophthalmic Stores
4.2.4. Online Retail
4.3. North America Corneal Implantable Devices Market Size and Forecast, by Country (2022-2029)
4.3.1. United States
4.3.1.1. United States Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
4.3.1.1.1. Refractive Corneal Implantable Device
4.3.1.1.2. Corneal Reshaping Implantable Device
4.3.1.1.3. Small Aperture Corneal Implantable Device
4.3.1.2. United States Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
4.3.1.2.1. Hospitals
4.3.1.2.2. Ophthalmic Clinics
4.3.1.2.3. Retail Ophthalmic Stores
4.3.1.2.4. Online Retail
4.3.2. Canada
4.3.2.1. Canada Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
4.3.2.1.1. Refractive Corneal Implantable Device
4.3.2.1.2. Corneal Reshaping Implantable Device
4.3.2.1.3. Small Aperture Corneal Implantable Device
4.3.2.2. Canada Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
4.3.2.2.1. Hospitals
4.3.2.2.2. Ophthalmic Clinics
4.3.2.2.3. Retail Ophthalmic Stores
4.3.2.2.4. Online Retail
4.3.3. Mexico
4.3.3.1. Mexico Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
4.3.3.1.1. Refractive Corneal Implantable Device
4.3.3.1.2. Corneal Reshaping Implantable Device
4.3.3.1.3. Small Aperture Corneal Implantable Device
4.3.3.2. Mexico Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
4.3.3.2.1. Hospitals
4.3.3.2.2. Ophthalmic Clinics
4.3.3.2.3. Retail Ophthalmic Stores
4.3.3.2.4. Online Retail

5. Europe Corneal Implantable Devices Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029
5.1. Europe Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.2. Europe Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3. Europe Corneal Implantable Devices Market Size and Forecast, by Country (2022-2029)
5.3.1. United Kingdom
5.3.1.1. United Kingdom Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.1.2. United Kingdom Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.2. France
5.3.2.1. France Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.2.2. France Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.3. Germany
5.3.3.1. Germany Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.3.2. Germany Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.4. Italy
5.3.4.1. Italy Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.4.2. Italy Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.5. Spain
5.3.5.1. Spain Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.5.2. Spain Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.6. Sweden
5.3.6.1. Sweden Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.6.2. Sweden Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.7. Austria
5.3.7.1. Austria Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.7.2. Austria Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
5.3.8. Rest of Europe
5.3.8.1. Rest of Europe Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
5.3.8.2. Rest of Europe Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)

6. Asia Pacific Corneal Implantable Devices Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029
6.1. Asia Pacific Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.2. Asia Pacific Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3. Asia Pacific Corneal Implantable Devices Market Size and Forecast, by Country (2022-2029)
6.3.1. China
6.3.1.1. China Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.1.2. China Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.2. S Korea
6.3.2.1. S Korea Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.2.2. S Korea Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.3. Japan
6.3.3.1. Japan Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.3.2. Japan Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.4. India
6.3.4.1. India Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.4.2. India Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.5. Australia
6.3.5.1. Australia Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.5.2. Australia Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.6. Indonesia
6.3.6.1. Indonesia Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.6.2. Indonesia Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.7. Malaysia
6.3.7.1. Malaysia Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.7.2. Malaysia Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.8. Vietnam
6.3.8.1. Vietnam Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.8.2. Vietnam Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.9. Taiwan
6.3.9.1. Taiwan Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.9.2. Taiwan Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
6.3.10. Rest of Asia Pacific
6.3.10.1. Rest of Asia Pacific Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
6.3.10.2. Rest of Asia Pacific Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)

7. Middle East and Africa Corneal Implantable Devices Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029
7.1. Middle East and Africa Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
7.2. Middle East and Africa Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
7.3. Middle East and Africa Corneal Implantable Devices Market Size and Forecast, by Country (2022-2029)
7.3.1. South Africa
7.3.1.1. South Africa Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
7.3.1.2. South Africa Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
7.3.2. GCC
7.3.2.1. GCC Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
7.3.2.2. GCC Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
7.3.3. Nigeria
7.3.3.1. Nigeria Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
7.3.3.2. Nigeria Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
7.3.4. Rest of ME&A
7.3.4.1. Rest of ME&A Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
7.3.4.2. Rest of ME&A Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)

8. South America Corneal Implantable Devices Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029
8.1. South America Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
8.2. South America Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
8.3. South America Corneal Implantable Devices Market Size and Forecast, by Country (2022-2029)
8.3.1. Brazil
8.3.1.1. Brazil Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
8.3.1.2. Brazil Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
8.3.2. Argentina
8.3.2.1. Argentina Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
8.3.2.2. Argentina Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)
8.3.3. Rest Of South America
8.3.3.1. Rest Of South America Corneal Implantable Devices Market Size and Forecast, by Type of Implant (2022-2029)
8.3.3.2. Rest Of South America Corneal Implantable Devices Market Size and Forecast, by End users (2022-2029)

9. Global Corneal Implantable Devices Market: Competitive Landscape
9.1. MMR Competition Matrix
9.2. Competitive Landscape
9.3. Key Players Benchmarking
9.3.1. Company Name
9.3.2. Business Segment
9.3.3. End-user Segment
9.3.4. Revenue (2022)
9.3.5. Company Locations
9.4. Leading Corneal Implantable Devices Market Companies, by market capitalization
9.5. Market Structure
9.5.1. Market Leaders
9.5.2. Market Followers
9.5.3. Emerging Players
9.6. Mergers and Acquisitions Details

10. Company Profile: Key Players
10.1. ReVision Optics, Inc.
10.1.1. Company Overview
10.1.2. Business Portfolio
10.1.3. Financial Overview
10.1.4. SWOT Analysis
10.1.5. Strategic Analysis
10.1.6. Scale of Operation (small, medium, and large)
10.1.7. Details on Partnership
10.1.8. Regulatory Accreditations and Certifications Received by Them
10.1.9. Awards Received by the Firm
10.1.10. Recent Developments
10.2. Presbia.
10.3. Neoptics AG
10.4. AcuFocus Inc.
10.5. CorneaGen (SightLife Surgical)
10.6. DIOPTEX
10.7. Bausch & Lomb
10.8. Alcon
10.9. Carl Zeiss
10.10. Johnson & Johnson
10.11. MORCHER GmbH
10.12. STAAR surgical
10.13. Glaucos
10.14. Hoya Corporation
10.15. Ophtec BV

11. Key Findings

12. Industry Recommendations

13. Corneal Implantable Devices Market: Research Methodology

14. Terms and Glossary
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