Asia Pacific Artificial Cornea and Corneal Implant Market Overview and Growth by 2028
Asia Pacific Artificial Cornea and Corneal Implant Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Human Cornea, and Artificial Cornea), Transplant Type (Penetrating Keratoplasty, Endothelial Keratoplasty, and Others), Disease Indication (Fuchs’ Dystrophy, Keratoconus, Fungal Keratitis, and Others) and End User (Hospitals, Specialty Clinics and ASCs, and Others)
- Report Date : Nov 2021
- Report Code : TIPRE00025845
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 114
The Asia Pacific artificial cornea and corneal implant market is expected to reach US$ 163.61 million by 2028 from an estimated value of US$ 94.71 million in 2021; it is likely to grow at a CAGR of 8.1% from 2021-2028.
The key factors that are driving the growth of market are rising prevalence of eye diseases that causes corneal blindness, significantly rising elderly population are factors propelling the artificial cornea and corneal implant market. However, the expensive ophthalmology surgeries and devices may hamper the growth of the Europe artificial cornea and corneal implant market in the forecast period.
According to American Academy of Ophthalmology 2021, there is a high demand for corneal donors around the world as ~10 million people need corneal transplants. However, the number of transplant recipients greatly exceeds the availability of corneal tissues. In densely populated counties, such as India, patients with blind cornea wait for corneal transplants for more than 6 months. According to National Center for Biotechnology Information, ~6.8 million people across the country have poor vision in one eye, and ~1 million people have both their eyes with poor vision, caused by corneal diseases. In 2019, corneal blindness affected ~120,000 people India, and by the end of 2020, it is estimated to have 10.6 million cases of unilateral corneal blindness. The country needs ~250,000 corneas each year; however, the total number of corneas donated each year is ~25,000. Thus, the shortage of corneal donors, in contrast with the high prevalence of corneal blindness, is expected to provide high growth opportunities for corneal implant manufacturers. A team of researchers from the Pohang University of Science and Technology, and the Kyungpook National University School of Medicine in South Korea collaborated to 3D print artificial corneas using tissue-based bio-inks; the research has been published in "Biofabrication", in 2018. Since the 3D printed corneas are made from corneal tissue materials, they are biocompatible, and the corneal microenvironment is reproduced through 3D cell printing technology to make them transparent, like human cornea. The 3D printed artificial corneas also help overcome the complications related to synthetic cornea implanted in patients with cataracts and other ocular complications. Furthermore, one of the key advantages of 3D printing is that collagen can be deposited in layers, which allows for the simulation of the composition of collagen fibers in the natural corneal matrix. Thus, upon their successful commercialization for clinical usage, the 3D printed biocorneas are likely to emerge as a significant trend in the artificial cornea and corneal implant market.
Corneal transplantation suffered an early setback due to a reduction in elective procedures as resources were diverted to handling COVID-19-infected patients. The possibility of COVID-19 ocular involvement has consequences for corneal donation as well. The risk of transmitting the virus via corneal transplantation to recipients led to its suspension until adequate polymerase chain reaction (PCR) testing could be performed to exclude donor infection in some centers. Furthermore, the corneal donor supply chain has been impacted by worldwide travel restrictions. This is especially important in many regions of Asia, where demand for eye transplants is primarily dependent on imported donors due to a lack of local eye banks. This could spur research into lamellar keratoplasty, the development of artificial corneas, or cell treatment to improve donor utility. In the post-pandemic environment, evaluation of corneal disorders may see a paradigm change toward telemedicine or artificial intelligence to satisfy these unmet requirements across Asia.
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ASIA PACIFIC ARTIFICIAL CORNEA AND CORNEAL IMPLANT MARKET SEGMENTATION
By Type
- Human Cornea
- Artificial Cornea
By Transplant Type
- Penetrating Keratoplasty
- Endothelial Keratoplasty
- Others
By Disease Indication
- Fuchs’ Dystrophy
- Keratoconus
- Fungal Keratitis
- Others
By End User
- Hospitals
- Specialty Clinics and ASCs
- Others
By Country
- China
- Japan
- India
- Australia
- Southeast Asia
- South Korea
- Rest of Asia Pacific
Company Profiles
- AJL OPHTHALMIC S.A
- Aurolab
- CORNEA BIOSCIENCES, INC
- EyeYon Medical
- Florida Lions Eye Bank
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Artificial Cornea and Corneal Implant Market – By Type
1.3.2 Asia Pacific Artificial Cornea and Corneal Implant Market – By Transplant Type
1.3.3 Asia Pacific Artificial Cornea and Corneal Implant Market – By Disease Indication
1.3.4 Asia Pacific Artificial Cornea and Corneal Implant Market – By End User
1.3.5 Asia Pacific Artificial Cornea and Corneal Implant Market – By Country
2. Artificial Cornea and Corneal Implant Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Artificial Cornea and Corneal Implant Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
5. Artificial Cornea and Corneal Implant Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Eye Diseases Causing Corneal Blindness
5.1.2 Significant Rise in Elderly Population
5.2 Market Restraints
5.2.1 Expensive Ophthalmology Surgeries and Devices
5.3 Market Opportunities
5.3.1 Shortage of Corneal Donors
5.4 Future Trends
5.4.1 3D-Printed Human Corneas
5.5 Impact Analysis
6. Artificial Cornea and Corneal Implant Market- Asia Pacific Analysis
6.1 Asia Pacific Artificial Cornea and Corneal Implant Market Revenue Forecast and Analysis
7. Artificial Cornea and Corneal Implant Market Analysis – By Type
7.1 Overview
7.2 Artificial Cornea and Corneal Implant Market, by Type 2021 & 2028 (%)
7.3 Human Cornea
7.3.1 Overview
7.3.2 Human Cornea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Artificial Cornea
7.4.1 Overview
7.4.2 Artificial Cornea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
8. Artificial Cornea and Corneal Implant Market Analysis – By Transplant Type
8.1 Overview
8.2 Artificial Cornea and Corneal Implant Market, by Transplant Type 2021 & 2028 (%)
8.3 Penetrating Keratoplasty
8.3.1 Overview
8.3.2 Penetrating Keratoplasty: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Endothelial Keratoplasty
8.4.1 Overview
8.4.2 Endothelial Keratoplasty: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
9. Artificial Cornea and Corneal Implant Market Analysis – By Disease Indication
9.1 Overview
9.2 Artificial Cornea and Corneal Implant Market Revenue Share, by Disease Indication (2021 and 2028)
9.3 Fuchs’ Dystrophy
9.3.1 Overview
9.3.2 Fuchs’ Dystrophy: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Keratoconus
9.4.1 Overview
9.4.2 Keratoconus: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Fungal Keratitis
9.5.1 Overview
9.5.2 Fungal Keratitis: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
10. Artificial Cornea and Corneal Implant Market Analysis – By End User
10.1 Overview
10.2 Artificial Cornea and Corneal Implant Market Revenue Share, by End User (2021 and 2028)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Specialty Clinics and ASCs
10.4.1 Overview
10.4.2 Specialty Clinics and ASCs: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11. Artificial Cornea and Corneal Implant Market –Asia Pacific Analysis
11.1 Asia Pacific: Artificial Cornea and Corneal Implant Market
11.1.1 Overview
11.1.2 Asia Pacific: Artificial Cornea and Corneal Implant Market, by Country, 2021 & 2028 (%)
11.1.2.1 Japan: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 Japan: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.2 Japan: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.3 Japan: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.1.4 Japan: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.1.5 Japan: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.2 China: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 China: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.2 China: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.3 China: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.2.4 China: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.2.5 China: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.3 India: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 India: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.2 India: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.3 India: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.3.4 India: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.3.5 India: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.4 South Korea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 South Korea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.2 South Korea: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.3 South Korea: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.4.4 South Korea: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.4.5 South Korea: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.5 Australia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.5.1 Australia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.5.2 Australia: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.5.3 Australia: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.5.4 Australia: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.5.5 Australia: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.6 Southeast Asia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.1 Southeast Asia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.2 Southeast Asia: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.3 Southeast Asia: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.6.4 Southeast Asia: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.6.5 Southeast Asia: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
11.1.2.7 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.7.1 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.7.2 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Type – Revenue and Forecast to 2028 (US$ Million)
11.1.2.7.3 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Transplant Type, 2019–2028 (US$ Million)
11.1.2.7.4 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Disease Indication, 2019–2028 (US$ Million)
11.1.2.7.5 Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by End User, 2019–2028 (US$ Million)
12. Impact Of COVID-19 Pandemic on Artificial Cornea and Corneal Implant Market
12.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
13. Artificial Cornea and Corneal Implant Market–Industry Landscape
13.1 Overview
13.2 Inorganic Growth Strategies
13.2.1 Overview
13.3 Organic Growth Strategies
13.3.1 Overview
14. Company Profiles
14.1 AJL OPHTHALMIC S.A
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Aurolab
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 EyeYon Medical
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Florida Lions Eye Bank
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 CorneaGen
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. Japan: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 2. Japan: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Japan: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Australia: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Australia: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. Australia: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 20. Australia: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 21. Southeast Asia: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Southeast Asia: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. Southeast Asia: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 24. Southeast Asia: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Transplant Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by Disease Indication – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 29. Recent Inorganic Growth Strategies in the Artificial Cornea and Corneal Implant Market
Table 30. Recent Organic Growth Strategies in the Artificial Cornea and Corneal Implant Market
Table 31. Glossary of Terms, Artificial Cornea and Corneal Implant Market
LIST OF FIGURES
Figure 1. Artificial Cornea and Corneal Implant Market Segmentation
Figure 2. Artificial Cornea and Corneal Implant Market Segmentation, By Country
Figure 3. Asia Pacific Artificial Cornea and Corneal Implant Market Overview
Figure 4. Human Cornea Segment Held the Largest Share of the Type Segment in Artificial Cornea and Corneal Implant Market
Figure 6. Artificial Cornea and Corneal Implant Market – Leading Country Markets (US$ Million)
Figure 7. Asia Pacific PEST Analysis
Figure 8. Asia Pacific Artificial Cornea and Corneal Implant Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Artificial Cornea and Corneal Implant Market, by Type 2021 & 2028 (%)
Figure 10. Human Cornea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Artificial Cornea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Artificial Cornea and Corneal Implant Market, by Transplant Type 2021 & 2028 (%)
Figure 13. Penetrating Keratoplasty: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Endothelial Keratoplasty: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Artificial Cornea and Corneal Implant Market Revenue Share, by (2021 and 2028)
Figure 17. Fuchs’ Dystrophy: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Keratoconus: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Fungal Keratitis: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Artificial Cornea and Corneal Implant Market Revenue Share, by End User (2021 and 2028)
Figure 22. Hospitals: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Specialty Clinics and ASCs: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific: Artificial Cornea and Corneal Implant Market, by Key Country – Revenue (2021) (US$ Million)
Figure 26. Asia Pacific: Artificial Cornea and Corneal Implant Market, by Country, 2021 & 2028 (%)
Figure 27. Japan: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Australia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Southeast Asia: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Asia Pacific: Artificial Cornea and Corneal Implant Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Countries
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Nov 2021
Wheelchair and Mobility Aids Market
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