Market Synopsis of the Global Corneal Transplant Market
The global market for Corneal Transplant is growing pervasively over last decade. Factors such as increasing prevalence injuries & diseases related to the eye/ sight that fuel the transplants cases are fuelling the market growth to an extent. Also the risk factors for the blindness & eye sight disorders are creating the demand for the better Corneal Transplants and treatment methods in turn, speed up the market growth.
Accrediting the kind of growth the market is witnessing and the growth prospect the market is demonstrating, Market Research Future (MRFR), has recently published a brilliant study report. According to MRFR, the Global Corneal Transplant market is expected to perceive exponential growth, registering 8.5% CAGR during the forecasted period (2017 -2023).
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Other factors propelling the market growth include the changing lifestyle owing to the growing urbanization & industrialization coupled with the growing economic conditions that enable access to the quality life & to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth. In addition, factors such as increasing number of surgeries and rising demand for new techniques for the treatment provide major impetus to the market growth.
On the other hand, factors such as prohibitive costs associated with Corneal Transplant and the differential awareness and availability between developing and the developed world are posing challenges to the market growth. Nevertheless, new products and services offered to the developing countries and emerging economies by the well-established market players in the developed countries are filling up this gap. This will resultantly foster the market growth.
Global Corneal Transplant Market Competitive Analysis
The global Corneal Transplant market is a fragmented market with a large number of players. Product development strategy has been curtailed by the excellent efficiency and efficacy of drugs. However, the rise of drug resistance has opened doors for new drug development and is an opportunity for a new market leader. The rise of spurious and counterfeit medicines have reduced the total market revenues and at the same time displaced standard drugs off the market.
Some of the key players in this market are CryoLife, Inc. (U.S.), Exactech, Inc. (U.S.), Köhler GmbH (U.S.), Lifeline Scientific (U.S), LifeCell Corporation (U.S.), Medtronic (U.S.), and Organogenesis Inc. (U.S.).
Global Corneal Transplant Market – Segments
For an easy grasp and enhanced understanding, the report – Global Corneal Transplant Market is segmented in to 4 Key dynamics;
By Surgery Types : Comprises – Penetrating Keratoplasty, DSAEK (Descemet Stripping Automated Endothelial Keratoplasty), Endothelial Keratoplasty, Corneal Graft, and Corneal Limbal Stem Cell Transplant among others.
By Indications : Bullous Keratopathy, Fungal Corneal Ulcer, Keratoconus, Corneal Stromal Dystrophies, and Keratitis among others.
By End Users : Hospitals & Eye clinics among others.
By Regions : North America, Europe, APAC and Rest of the World.
Regional Analysis of the Global Corneal Transplant Market
Europe is the largest market for corneal transplant, which will exhibit positive growth in near future due to the availability of a number of treatment options and prevention strategy as well as rising influence of organ donation programs, and increased government emphasis on organ donation policies. Furthermore, the prevalence of diabetes in the European countries is found to be increasing from the last few years. According to the World Health Organization, about 60 million Europeans have diabetes and its prevalence is relatively high among people over 25 years.
America is the second market for corneal transplant owing to increasing demand for corneal transplant surgery, and rising prevalence of eye diseases, and vision impairment among people in the U.S. Furthermore, the Center for Disease Control and Prevention, age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma are leading causes of blindness and low vision in the United States.
In Asia Pacific, the market is expected to grow at the fastest rate owing to increasing prevalence of chronic diseases such as diabetes, diabetic retinopathy, and obesity. These diseases act as a risk factors for a number of eye diseases. India is one of the international medical tourism destinations across the world, its growth is attributed to the availability of qualitative eye care treatment and skilled medical professionals. This will fuel the growth of corneal transplant market in India.
The Middle East & Africa is showing a steady rise in the market owing to the rising demand for ophthalmic products and services, and available treatment options.
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Table Of Content
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
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