According to FutureWise analysis the market for Corneal Endothelial Cell Transplant in 2023 is US$ 303.2 million, and is expected to reach US$ 630 million by 2031 at a CAGR of 9.30%.
A corneal transplant is a technique for replacing a damaged or diseased cornea that may have developed as a result of an eye accident or an eye condition. The two most common transplant procedures worldwide are penetrating keratoplasty (full thickness cornea transplant) and endothelial keratoplasty (back layer cornea transplant). Vision blurring due to a sick cornea indicates the need for a corneal transplant.
The monolayer of cells forming the human corneal endothelium is critical to the maintenance of corneal transparency and is not known to regenerate in vivo. Hence, the roughly 150,000 corneal transplants that are performed each year are most frequently attributed to the malfunctioning of these cells. Even though current corneal transplantation has a success rate of over 90% after a year, the longer-term results are less encouraging, with a success rate of only about 70% after five years. Nonimmunologic graft failure and allograft endothelial rejection are the main problems. Moreover, fewer corneal transplants can be performed because of the severe global corneal donor shortage. Human corneal endothelial cells (HCECs) can now be grown in vitro thanks to advances in our understanding of corneal endothelial cell biology, opening up new possibilities for the creation of novel tissue-engineered human corneal endothelium.
The primary driver of the industry's expansion is the increased incidence of corneal diseases such as keratoconus, fuchs dystrophy, and infectious keratitis. Long-term industrial growth is anticipated to be aided by the supply-demand mismatch. The industry's expansion is also strongly supported by several campaigns raising awareness of the value of corneal donations. It is anticipated that the number of R&D projects involving corneal implants will rise throughout the forecast period. Over the forecast period, industry growth is anticipated to be supported by increased R&D initiatives involving corneal implants. Opportunities are being presented for the leading players by a favourable reimbursement environment, manufacturers' increasing focus on developing new treatments, and the anticipated introduction of new products in the Corneal Endothelial Cell Transplant market. The number of corneal transplants performed worldwide is rising due to improvements in repeatability and accessibility, which are also decreasing the interventional threshold at early stages of disease. Unfortunately, the global donor tissue shortage is considerably worse by growing transplant activity. According to a study, there is only one corneal donor for every 70 individuals who need one, and 12.7 million people globally need corneal transplants. Moreover, the COVID-19 pandemic has resulted in stricter tissue standards for transplants, which has an impact on the supply of corneal tissue worldwide. Increased illness prevalence in contrast to a lack of donors may restrict the global corneal endothelial cell transplant market's expansion.
FutureWise Market Research has published a report that provides an insightful analysis of global corneal endothelial cell transplant market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the global corneal endothelial cell transplant market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.