Surgical treatment for insertion of a ring of plastic into the center layer of the cornea is corneal ring implantation. This allows to correct certain troubles with the cornea and enables to see in reality.
The growing occurrence rate of ophthalmic sicknesses and increasing call for corneal implants for eye surgical procedures is predicted to dominate its marketplace.
The increasing prevalence rate of ophthalmic diseases is expected to drive the corneal implants market
According to the primary released World Vision Report by the WHO, In more than 1 / 4 of the sector's population around 2.2 billion human beings have impairment of imaginative and prescient, out of which one billion cases could have been left unaddressed or averted. A condition in which it's far hard to peer nearby gadgets is Presbyopia, which influences 1.8 billion people. This condition takes place with advancing age.
The commonplace refractive mistakes myopia influences 2.6 billion, with 312 million below the age of nineteen years. Cataract (65.2 million), age-associated macular degeneration (10.4 million), glaucoma (6.9 million), corneal opacities (4.2 million), diabetic retinopathy (three million), trachoma (2 million), and different causes (37.1 million) are different commonplace imaginative and prescient impairments indexed in the record.
An Ophthalmic Central term Keratoconus is used to describe the condition wherein the cornea assumes a conical form due to protrusion and thinning of the corneal stroma. Keratoconus is a non-infectious bilateral, non-inflammatory disorder wherein cellular infiltrates and neovascularization does not occur. Corneal thinning is an important character of this ectatic sickness, resulting in distorted imagination and prescient and slow thinning of the cornea. It begins commonly in late youth to early maturity and progresses until 35-forty years antique. The reduction of vision can range from moderate to extreme in step with the adjustments that arise. In keratoconus, the cornea progressively becomes cone-fashioned for unknown motives. The corneal ring implantation will also be used to treat pellucid marginal degeneration. It is any other circumstance of atypical thinning of the cornea. Corneal ring implantation is likewise used to treat myopia, also known as near-sightedness. Light rays that input the attention consciousness in the front of the retina in myopia in preference to on retina. This can take place because of the abnormally formed cornea, or lens, the eyeball of the attention.
Increasing demand for corneal implants for eye surgeries is expected to dominate the market
Corneal ring implants offers an alternative to other procedures that can help correct myopia or near-sightedness, like radial keratotomy or LASIK surgery. In order to avoid wearing corrective lenses people often choose to undergo these procedures. Each of these procedures has its benefits and risks. An eye healthcare provider may guide why corneal ring implantation might make sense for one.
Both radial keratotomy and LASIK occasionally cause abnormal swelling of cornea. This can cause new vision problems. The healthcare provider recommends corneal ring implantation to stabilize cornea and correct some of the changes that have happened. The major treatment objectives for corneal implants are to normalize corneal surface topography, improve contact lens tolerability and restore visual acuity to delay or defer the need for a corneal transplant. A minimally invasive procedure implant placement is considered to be effective and safe. The procedure is claimed to be adjustable, reversible and both eyes can be treated simultaneously. Further, implants do not limit the performance of subsequent surgical approaches or interfere with a corneal transplant.With the benefits they offer the demand for corneal implants for different purposes is assumed to increase its demand in the market.
The high cost of ophthalmology devices and surgical procedures is estimated to hamper the market
Worldwide,it is well known that medical costs are rising mainly due to the growing number of patients, the improvements in diagnostic and therapeutic options. Based on the most recent estimates, the average out-of-pocket cost of cataract surgery is $3,500 per eye. The cost estimate shows a standard cataract surgery procedure not covered by medicare or private insurance, both of which could significantly offset the out-of-pocket expense. However, depending on the exact type of treatment received, the location in which it is received and the provider performing the surgery, this per eye cost could increase substantially.
The cost of keratoconus treatment depends on tthe type of treatment required and severity of the condition. Because there is no proper cure, management of the disease can extend for decades, adding to the cumulative cost of keratoconus. Fitting contact lenses for keratoconus is a more complex and customized process than fitting conventional contacts on a normal eye. Also, doctors specializing in keratoconus must invest in advanced instrumentation such as automated corneal topography machines to diagnose, monitor and manage the disease. The examination, measurements, fitting and materials for treating keratoconus with contact lenses often cost $2,000 to $4,000 per eye. However, this range can be more or less, depending on the severity of the disease and the type of contact lenses prescribed.
North America region is estimated to dominate the corneal implants market
Increasing R&D and the presence of major key players are expected to dominate the market in this region.
For example, CorneaGen has collaborated with the Institute of Regenerative Medicine to develop corneas from the replication of stem cells. The 2020 Eye Banking Statistical Report includes data from all 58 U.S. and 11 international member eye banks, plus one EBAA-accredited entity for 2020. It represents a complete picture of eye banking activity among eye banks. U.S. eye banks reported 108,382 total tissue recoveries from 54,740 donors in 2020. 60% of corneal donors were listed on a donor registry. Both tissue recoveries (-20.4%) and transplant numbers (-22.8%) decreased in 2020 due to the COVID-19 pandemic and the nationally advised moratorium on elective surgeries.
The reported prevalence and incidence rates tend to vary widely in the medical literature for keratoconus. One long-term study in the U.S indicated a prevalence of 54.5 diagnosed individuals per 100,000 individuals in the general population of approximately 1 in 2,000 individuals.
Competitive Landscape
Major key players in the corneal implants market are AJL Ophthalmic, CorneaGen Inc., Addition Technology, Inc., LinkoCare Life Sciences AB, Presbia plc, Mediphacos, Aurolab, Cornea Biosciences, DIOPTEX GmbH, EyeYon Medical, Massachusetts Eye and Ear, Florida Lions Eye Bank, SightLife, Advancing Sight Network, San Diego Eye Bank, L V Prasad Eye Institute, Tianjin JingMing New Tech. Devp. Co., Ltd, HANSON MEDITEC CO., LTD and Huaian Meide Medical Instrument Co., Ltd
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
