Artificial Cornea and Corneal Implant Market Size, Share, Growth Analysis, By Type(Human Cornea and Artificial Cornea), By Transplant Type(Penetrating Keratoplasty, Endothelial Keratoplasty, Anterior lamellar Keratoplasty, and Keratoprosthesis), By Disease Indication(Fuchs' Dystrophy, Fungal Keratitis, Keratoconus, and Others), By End User(Hospitals & Ambulatory Surgical Centers and Specialty Clinics), By Region - Industry Forecast 2024-2031

Drivers

High Prevalence of Corneal Disorders

• The growing aging population and increasing screen exposure are key factors that have led to a high prevalence of corneal disorders around the world. The increasing need for corneal transplantation to treat the disorders will bolster artificial cornea and corneal implant demand going forward.

Advancements in Ophthalmic Technologies

• Increasing use of advanced biomaterials coupled with better tissue engineering is allowing companies to make highly advanced artificial cornea products. Moreover, rising availability of advanced ophthalmic technologies is also estimated to bolster artificial cornea and corneal implant market growth in the future.

Restraints

Limited Reimbursement

• Corneal transplantation procedures are not widely covered and reimbursed under different healthcare insurances, which is why most people have to pay it out of their pockets. These procedures are expensive and the unwillingness of patients to spend a high amount on these procedures could hamper market development.

High Costs of Procedure

• Corneal implantation procedures are often costly due to complex equipment and expensive corneal implants, whether human or artificial. Hence, these high costs are estimated to impede artificial cornea and corneal implant market growth in the long run.