Corneal Implants Market: By Type Of Implant (Refractive Corneal Implantable Device, Corneal Reshaping Implantable Device, Small Aperture Corneal Implantable Device), By End-user (Hospitals, Ophthalmic Clinics, Retail Ophthalmic Stores) and Geography  

Corneal Implants Market size was valued at USD 356.61 million in 2022 and is poised to grow at a CAGR of 7.8% from 2023-2029. Corneal Implants also called corneal inlays that are optical devices inserted into the cornea to improve vision. The main purpose of optical devices is to improve the near vision and reduce the need for reading spectacles in adults with presbyopia. Corneal implants are one of the options for the rectification of declined near vision in people with presbyopia who desires to have a spectacle-independent superior vision for all distances. Corneal implantable devices have also been used for the correction of hyperopia, myopia, and astigmatism. As per to the Eye Bank Association of America (EBAA), the number of endothelial keratoplasty cases in the U.S. was over 23,000 in 2012 and corneal surgery was the most adopted choice to avoid blindness and restore the damaged eye. According to EBAA, presbyopia affects nearly over 80-90% population over the age of 40 years worldwide. The global corneal implants market continues to witness positive growth owing to increased cataract development over the age of 65, increasing life expectancy, and a rising geriatric population would expect to fuel demand for ocular implants over a period of forecast. An increase in the number of keratoplasty cases and corneal surgeries will boost market growth over the forecast period. The market for ocular implants driven by technological advances in implants like multifocal intraocular lens technology and rising awareness about aesthetics among young patient population expected to fuel the market for ocular implants over a period of forecast. However, potential side effects or damage associated with the use of ocular implants to the eye, the dearth of a skilled workforce to perform the implantation procedures may hamper the growth of the ocular implants market over a period of forecast. As per the EU National Statistics, it is estimated as that there were over 209 Mn Europeans suffering from presbyopia and it is projected as that nearly half of the Europeans population will suffer from presbyopia by 2030 which may propel the Corneal Implants market during the forecast period. Spain market for corneal implants will expect lucrative growth over the forecast period. The growth is attributed due to consumers are willing to spend for eye care in the country.