Rising eye disease prevalence to fuel cornea transplant market outlook
corneal implants market will accumulate substantial returns over the ensuing years primarily on account of the rising prevalence of corneal diseases. Corneal disorders are serious eye conditions capable of causing clouding, distortion, scarring, and may even lead to blindness in severe cases.— The global
The risk factors associated with corneal disorders vary from patient to patient; while some inherit the disease, others may develop it later in life. Mostly risk factors liked with inherited genetic conditions are not modifiable. However, in the majority of cases, detection of the condition in its early stages can reduce its severity if proper treatment is provided. The following paragraphs elaborate on some common eye diseases, the increasing prevalence of which is significantly fueling cornea transplant market share.
Keratoconus causes thinning of the cornea and is one of the most common corneal disorders globally. The condition is a result of the keratoconus bulging out after the thinning of the cornea, forming a cone-like shape. In emerging nations like India, given the huge population base, keratoconus is a rising concern.
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There has lately been a rise in patients seeking treatment for this serious condition, making the nation a lucrative cornea transplant market in the Asia Pacific. A research report by Global Market Insights, Inc. estimates the Asia Pacific corneal implants market to grow at a CAGR over 8% from 2019 to 2025. Keratoconus, being one of the most common corneal disorders leading to rising transplant surgeries, will be a major propeller for cornea transplant market share.
Infections such as corneal ulcers, keratitis, and conjunctivitis are some of the most serious eye diseases that are witnessed by ophthalmologists across the world. Conjunctivitis dilates the conjunctival blood vessel and causes inflammation. Conjunctivitis doesn’t usually threaten the vision but infections in corneal area or inside the eye may pose a serious threat.
The increasing prevalence of severe conjunctivitis could result in patients seeking corneal transplants, thereby supporting corneal implants market size over the coming years.
3) Optic Pruritus
Ocular pruritus, the medical term for itchy eyes, is one of the common and irksome eye diseases that brings several patients to the ophthalmologist. This sensation is considered a major symptom of atopic keratoconjunctivitis but is also a cause for other ophthalmologic conditions such as blepharitis and dry eye syndrome.
The severe ocular pruritus may cause patients to develop chronic rubbing of the eyes, inducing damage to the corneal epithelium that often results in keratoconus, scarring, and shield ulcers, which could lead to vision impairment. Adoption of transplant types such as penetrating keratoplasty for the treatment of such corneal disorders will boost cornea transplant market growth.
Although eye disorders will be the major driving force behind cornea transplant industry size expansion, there are several other factors which will offer substantial momentum to market development. For instance, the rapidly growing geriatric population will offer significant boost to corneal transplant industry. Data by the World Health Organization suggests that by 2050 the population of individuals over 60 years would nearly double from 12% in 2015 to 22% in 2050.
Elderly individuals are highly susceptible to vision conditions such as glaucoma, age-related macular degeneration, and diabetic retinopathy, which may amplify the demand for corneal implants. Therefore, the high prevalence of eye conditions among the elderly individuals will present numerous growth avenues for cornea transplant market players. Indeed, the rising prevalence of eye diseases among the elderly is also bound to propel the global ophthalmic sutures market share by 2025.
Restoration of a patient’s vision is impossible without a cornea donor, hence, the increasing number of eye donors will also nurture the cornea transplant market share in the coming years. This trend is further supported by initiatives from non-profit organizations and hospitals to raise awareness regarding organ donation. For the record, corneal implants market is estimated to be worth more than $500 million by the end of 2025, according to a research report by Global Market Insights, Inc.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Release ID: 523629