The Global Keratoconus Treatment Market was around USD 322.7 million in 2016 and is expected to reach USD 427.5 million by 2023 which is a projected CAGR of 4.1%.
Approximately 3 million people are affected by this disease across the globe. Advanced diagnostic and treatment options are key drivers for this market. Increasing awareness of the disease, increasing funding for R&D and growing demand from emerging regions such as Asia are major driving forces of the market. Major players of this market are investing in R&D to develop effective solution for keratoconus. Introduction of wide range of lenses is important factor for market growth. The global keratoconus treatment market has been evaluated as a rapidly growing market and it is expected to continue growing in the near future.
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Major players in keratoconus treatment market:
There are plenty of large and small market players which operate in this market: Bausch & Lomb Incorporated (US), CIBA VISION (US), CooperVision (US), HOYA Vision Care (Singapore), Johnson & Johnson Vision Care, Inc. (US), Menicon Co., Ltd. (Japan), Novartis AG (Switzerland), Optik Seis (Indonesia), and SAFILENS S.R.L. (Italy), and others.
Considering the global scenario of the keratoconus treatment market, there are four main regions, the Americas, Europe, Asia Pacific, and Middle East and Africa.
The Americas is dominating region in global keratoconus treatment market. Mainly US is highest revenue generator and important contributor in this market. Technological advancement and rapid adoption of new treatments and products are driving the growth for this market. European market is second largest and is growing significantly. Germany is holding highest market share in this market that is mainly due to investment in R&D and new product development. Due to increasing awareness of disease, adoption of new products, and increasing purchasing capacity, Asia Pacifies is fastest growing market while China is highest revenue generator in this region. Middle East & Africa is expected to have limited growth. Middle Eastern countries are growing significantly and dominating this market.
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Global keratoconus treatment market has been segmented on the basis of type which comprises of forme fruste keratoconus, corneal hydrops, keratoglobus, pellucid marginal degeneration, posterior keratoconus, and others.
On the basis of diagnosis, the market is segmented into computerized corneal mapping, keratometry, slit-lamp examination, refraction test, and others. Slit-lamp examination includes tonometry, vision testing, and others.
On the basis of treatments, the market has been segmented into lenses, surgery, collagen cross-linking, and others. Lenses is sub-segmented into eyeglasses or soft contact lenses, hard contact lenses, piggyback lenses, hybrid lenses, scleral lenses, and others. Surgery sub-segmented into corneal inserts, cornea transplant, and others. Collagen cross-linking is still in research process and more study required to implement this treatment option.
On the basis of end user, it is segmented into eye hospitals & clinics, medical research centers, academic institutes, and others.
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