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Pharmaceutical

Rising Incidences of Corneal Blindness to Amplify Demand of Keratoprosthesis Market, Fact.MR Report

Rising geriatric population coupled with increasing incidence of eye diseases worldwide is expected to be the prime factor driving the growth of global keratoprosthesis market. Around 10 million people in the world suffering from corneal blindness. Therefore, rising incidences of corneal blindness are the primary factor driving the growth of the global keratoprosthesis market. Moreover, rising incidences of trauma cases are increasing the chances of eye injury which will further contribute in driving the growth of keratoprosthesis market.

The Market Research Survey by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand of Keratoprosthesis. Keratoprosthesis market drivers and constraints, threats and opportunities, regional segmentation and opportunity assessment, end-use/application prospects review are addressed in the Keratoprosthesis market survey report. The survey report provides a comprehensive analysis of Keratoprosthesis market key trends and insights on Keratoprosthesis market size and share.

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Keratoprosthesis Market: Segmentation

Tentatively, global keratoprosthesis market has been segmented on the basis of product type, disease indication, end user, and geography.

Based on product type, global keratoprosthesis market is segmented as below:

  • Boston Keratoprosthesis (KPro)
    • Type I
    • Type II
  • AlphaCor
  • Others

Based on disease indication, global keratoprosthesis market is segmented as below:

  • Bullous Keratopathy
  • Keratoconus
  • Keratitis
  • Others

Based on end user, global keratoprosthesis market is segmented as below:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Key questions answered in Keratoprosthesis Market Survey Report:

  1. What is the current scenario and key trends in Keratoprosthesis Market?
  2. What are the key strategies companies are adopting to increase their consumer base?
  3. What are the key categories within the Keratoprosthesis segments and their future potential?
  4. What are the major Keratoprosthesis Market drivers and their expected impact during the short, medium, and long terms?
  5. What is the Keratoprosthesis Market size and what are the opportunities for the key players?

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Keratoprosthesis Market: Key Players

Some of the players identified in global keratoprosthesis market include F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer, Inc., Bayer AG, Bausch & Lomb Incorporated and others.

Essential Takeaways from the this Market Report

  • Comparison of prominent players operating in the market.
  • Recent developments and key strategies adopted by key players.
  • Study of the micro and macro-economic growth indicators.
  • Impact of the various factors on the value chain.
  • Evaluation of current Keratoprosthesis market size, forecast and technological advancements within the industry.
  • Current Insights influencing the scenario and key trends in Keratoprosthesis market.

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The Report Covers Exhaustive Analysis On:

  • Keratoprosthesis Market Drivers, Segments and Restraints.
  • Keratoprosthesis Market Survey and Dynamics
  • Keratoprosthesis Market Size & Demand
  • Keratoprosthesis Key Trends/Issues/Challenges
  • Keratoprosthesis Sales, Competition & Companies involved

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About Fact.MR

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Categories
Pharmaceutical

Growth of Keratoprosthesis Market Steered by Increasing Incidences of Corneal Blindness, Unveils Fact.MR

Fact.MR, a global research firm, in its latest study on the global keratoprosthesis market shall register a remarkable CAGR in 2021 & beyond. Exponential growth in the usage of medical devices as a result of continued progressions in design has prompted increase in the usage of keratoprosthesis. With governments all over the world highly investing in healthcare infrastructure, the keratoprosthesis market is anticipated to foresee a notable growth in the forthcoming years.

Continued Advances in Design & Superior Operative Care to Create Potential Growth Prospects

Keratoprosthesis has advanced in recent years owing to product improvement and drop in side effects of keratoplasty. The expansion of the ophthalmology sector can be accredited to periodic launch of novel technologies in the area of ophthalmic surgery. The preference and need for enhanced health care facilities have generated prospects for commercialization and development of surgical platforms.

Fact.Mr also indicated that keratoprosthesis indications have increased significantly in recent years as well as post-operative complications have brought down with modifications in design of prosthesis and postoperative regimen. As per an article published by the Indian Journal of Ophthalmology, the previous decade has foreseen a rise in several keratoprosthesis procedures performed across the world.

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Keratoprosthesis Market: Segmentation

Tentatively, global keratoprosthesis market has been segmented on the basis of product type, disease indication, end user, and geography.

Based on product type, global keratoprosthesis market is segmented as below:

  • Boston Keratoprosthesis (KPro)
    • Type I
    • Type II
  • AlphaCor
  • Others

Based on disease indication, global keratoprosthesis market is segmented as below:

  • Bullous Keratopathy
  • Keratoconus
  • Keratitis
  • Others

Based on end user, global keratoprosthesis market is segmented as below:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Geographically, global keratoprosthesis market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China and Japan, China, Japan, Middle East and Africa. North America is expected to dominate the keratoprosthesis market in terms of revenue share followed by Western Europe.  Asia Pacific is expected to experience delayed growth due to the lack of skilled physicians.

However, Asia Pacific is expected to be the most lucrative market for keratoprosthesis with maximum CAGR due to growing penetration rate of keratoprosthesis surgeries in the emerging markets. Moreover, increasing number of healthcare practitioners and continuous improvements in the healthcare infrastructure is expected to enable robust industry growth in APAC region. The Middle East and Africa are expected to witness slow and significant growth over the forecast period.

Keratoprosthesis Market: Key Players

Some of the players identified in global keratoprosthesis market include F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer, Inc., Bayer AG, Bausch & Lomb Incorporated and others.

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Boston Keratoprosthesis (KPro) Will Remain Lucrative

Boston Kpro is expected to grow exponentially in 2021 and beyond owing to its widespread utilization of artificial cornea or keratoprosthesis. Continued progressions in superior postoperative care and design have ensued in enhanced outcomes as well as an exponential rise in the usage of the device in the forthcoming years. Furthermore, these and other advances are why the Boston KPro type I is at present the most extensively implanted keratoprosthesis globally.

The WHO indicates that about 8 Mn individuals worldwide suffer from corneal blindness with the most of them living in emerging nations. Pilot projects have been accompanied in multiple nations comprising China, India, Ethiopia and Sudan with preliminary but favourable results.

The US will continue to Contribute Highest Revenue Shares

The US is anticipated to contribute majority of revenue shares, followed by UK while majority of keratoprosthesis surgical procedure are performed in the UK and the US.

China and India are low cost of surgery market for keratoprosthesis, thus it is the ideal place for individuals who are preparing for medical tourism. High occurrence of corneal blindness, and increasing health care infrastructure in these emerging countries, are anticipated to boost demand for keratoprosthesis (KPro) in the regions.

Furthermore, there has been a dramatic rise in demand for cornea implant in UAE & Brazil as a result less adoption of keratoprosthesis surgical procedure in these regions.

Technological Advancements will Remains Prime Focal Aspect: Fact.MR Survey

The competitive landscape of the Keratoprosthesis market reflects a fierce competition. Fact.MR’s survey with thought leaders revealed that merger & acquisition, new product launches and technological advancements will remain key strategies of market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Regeneron Pharmaceuticals, Inc., Hoffmann-La Roche Ltd., Pfizer, Inc., Bausch & Lomb Incorporated and Bayer AG. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Tel: +1 (628) 251-1583

E: sales@factmr.com

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),

Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai, United Arab Emirates