Corneal Implants Market Size

Corneal Implants Market size was valued at USD 439.34 million in 2023 and is poised to cross USD 1.01 billion by the end of 2036, expanding at more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of corneal implants is estimated at USD 462.54 million.

The growth of the market can be attributed to rise in aging population with chronic diseases and increasing prevalence of ophthalmic diseases like cataract, glaucoma, infectious keratitis, Fuchs dystrophy, corneal scarring, etc. leading to corneal blindness. According to World report on vision by the World Health Organization (WHO), it was estimated that, as of 2019, about 2.2 billion people in the world had a vision impairment.

Furthermore, the growing new innovations and advancements in ophthalmology, including artificial corneal regeneration by developing novel biomaterial and minute donor cell-based regenerative implants are driving the demand for corneal transplantations.

However, the development cost of ophthalmology devices is high which makes the surgical procedures expensive for patients. This is a key factor which is expected to restraint the market growth. Moreover, rise in concerns regarding the risks associated with corneal implants is further expected to hamper the growth of the market.