The Corneal Implants Market To Grow On An Exceptional Note

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Corneal Implants Market
Report Id PMRREP31340 Category Life Science
Healthcare
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The Corneal Implants Market To Grow On An
Exceptional Note

• The use of corneal implants is gathering momentum
  around the world, owing to their proven efficacy
  for the correction of presbyopia by improving
  near and intermediate vision without any
  detriment to distant vision.
• Corneal implants are the most promising device
  used for refractive surgery, which brings about a
  change to improve the patients quality of life,
  besides being safe, effective, reversible, and
  minimally invasive. Introduction of newer
  material with enhanced biocompatibility along
  with advancements in related technology has
  amplified the success of corneal implants for
  visually impaired patients.
• Corneal implants have gained clinical
  significance on the basis of fewer risks
  associated with corneal inlay surgery as compared
  to intraocular surgery, faster visual recovery,
  and being more biomechanically stable.
• The global corneal implants market was valued
  at US 18.5 Mn in 2018, and is expected to
  exhibit a high CAGR of 13 during the forecast
  period (20192029).

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Acquisition Strategic Focus of Corneal implant
Manufacturers
Various players in the corneal implant market are
focusing on inorganic growth strategies such as
acquisitions and partnerships. These activities
have played a vital role in the expansion of
businesses and increased customer base of market
players. For example, in August 2016, Presbia
PLC, an ophthalmic device company and leader in
near-vision restoration, completed the
acquisition of Neoptics AG, including its
intellectual property portfolio. In March 2018,
SightLife Surgical acquired AcuFocus, whose Kamra
corneal inlay was the first to receive FDA
approval, designed for the surgical correction of
presbyopia. These winning strategies by leading
players are also being followed by regional and
local players. The study provides compelling
insights on the corneal implants market on basis
of implant type (small aperture corneal
implantable devices, corneal reshaping
implantable devices, and refractive corneal
implantable devices), end user (ophthalmic
clinics, ambulatory surgical centers, and
hospitals), and indication (presbyopia,
hypermetropia, myopia, and astigmatism), across
seven major regions.
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