The global Fuchs Endothelial Corneal Dystrophy (FECD) Market garnered a market value of USD 180 Billion in 2023 and is expected to accumulate a market value of USD 370 Billion by registering a CAGR of 7.5% in the forecast period 2023-2033.
The expanding worldwide aging population, as well as increased awareness of eye illnesses and corneal donation, is likely to boost the market. Furthermore, increased research interest in cellular treatment techniques is expected to generate significant potential for the Industry in the coming years.
The increased incidence of diabetes throughout the world will be a primary driver, resulting in an increase in the market's growth rate. According to the American Optometric Association, approximately 7 million people in the United States have undiagnosed diabetes, with 12,000 to 24,000 people losing their sight each year.
Diabetic retinopathy is the leading cause of blindness in the United States today. Diabetic individuals must get a dilated eye exam once a year. By keeping a watch out for retinal anomalies, diabetic issues such as blindness and other consequences can be prevented.
In addition, the occurrence of different diseases such as cataracts, glaucoma, and age-related macular degeneration will drive market expansion.
The growing healthcare spending, which aids in the improvement of its infrastructure, is a crucial element driving the growth rate of the market. Furthermore, numerous government organizations intend to improve healthcare infrastructure by boosting financing, which would have an impact on market dynamics.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 180 Billion |
| Anticipated Forecast Value (2033) | USD 370 Billion |
| Projected Growth Rate (2023 to 2033) | 7.5% CAGR |
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The global demand for Fuchs Endothelial Corneal Dystrophy (FECD) is projected to increase at a CAGR of 7.5% during the forecast period between 2023 and 2033, reaching a total of USD 370 Billion in 2033, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 6%.
The growing elderly population is expected to boost the market's growth rate. According to the World Ageing 2020 projection, there will be 727 million individuals aged 65 and over in 2020.
This population is predicted to reach 1.5 billion by 2050. The proportion of the population aged 65 and older is expected to climb from 9.3% in 2020 to around 16.0% in 2050. The geriatric population is predicted to expand, and this group will require housing.
Furthermore, the growing number of government activities to raise awareness and change people's sedentary lifestyles will result in the rise of the market. Along with this, increased disposable income and expanding government-friendly programs would boost the market’s growth.
The market's expansion is being propelled by an increase in the number of Research and Development activities. This would create advantageous prospects for the expansion of the market.
Novel entrants are concentrating their efforts on developing new steroid-based formulations to treat dry eye syndrome (DES), which is also a key driving factor in the market.
Expanding Worldwide Ageing Population to Improve Maintenance and Performance
The expanding worldwide ageing population, as well as increased awareness of eye illnesses and corneal donation, are likely to boost the market. Population growth and ageing are likely to drive up demand for eye care in the coming years.
With the world's ageing population, the demand for corneal transplantation is expected to climb dramatically throughout the anticipated period.
Furthermore, researchers throughout the world are studying and developing novel technologies to guarantee the prompt treatment of individuals with Fuchs endothelial corneal dystrophy (FECD). Rising cellular therapy research activity is expected to generate significant prospects for the global market in the coming years.
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Dangers Associated with Surgical Intervention to Slow Down the Market Growth
The dangers associated with surgical intervention, as well as a scarcity of donor grafts, may have an impact on market growth.
Progressive Acceptance of Upgraded Technology to Widen Profit Margins
Asian nations are predicted to develop the quickest due to rising awareness, enhanced personal care and cleanliness, increased diagnostic rates, progressive acceptance of upgraded technology, rising disposable income, and burgeoning healthcare infrastructures. As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 7% in the assessment period 2023 to 2033.
Greater Healthcare Knowledge to Accelerate the Market
Because of greater healthcare knowledge, illness incidence, and a high rate of diagnosis, North America was found to have the highest share of the market.
In this multi-screen universe, individuals of all ages may be found. Computer or digital screen usage may result in less blinking, which may add to symptoms of Fuchs Endothelial Corneal Dystrophy (FECD), hence boosting the need for better and more effective Fuchs Endothelial Corneal Dystrophy (FECD) therapies, which is projected to stimulate growth in the North American region analyzed.
Furthermore, the region's expanding elderly population is driving market expansion since they are more susceptible to numerous ocular ailments such as Fuchs Endothelial Corneal Dystrophy (FECD). North America is expected to grow at a CAGR of 7.4% in the assessment period 2023 to 2033.
Increased Research and Development to Drive the Market Growth
With increased research and development, Europe is providing the second-highest share of the Fuchs endothelial corneal dystrophy (FECD) market.
Europe is the leading market for corneal transplants, and it will continue to grow in the near future due to the availability of various treatment options and prevention strategies, as well as the growing influence of organ donation programs and growing government focus on organ donation policies.
Thus, owing to the aforementioned reasons, Europe is expected to grow at a CAGR of 7.3% in the assessment period 2023 to 2033.
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The Hospitals Segment to enhance Sales Prospects
The Fuchs Endothelial Corneal Dystrophy (FECD) market is divided into three segments based on end-users: hospitals, ASCS, and others. The hospital's segment accounts for the majority of the worldwide market.
Key start-up players in the Fuchs Endothelial Corneal Dystrophy (FECD) are offering new and innovative product lines to consolidate their market presence, these aforementioned start-ups have left no stone unturned. Some specific instances of key Fuchs Endothelial Corneal Dystrophy (FECD) start-ups are as follows:
The market for Fuchs Endothelial Corneal Dystrophy (FECD) is moderately competitive. With regard to market share, the industry is currently dominated by a few significant competitors. With the growing senior population and high illness incidence, a few new smaller competitors are projected to enter the industry in the next years.
Key players in the Fuchs endothelial corneal dystrophy market are Kowa Pharmaceuticals, Trefoil Therapeutics, Alcon, Emmecell, Santen, AJL Ophthalmic SA, Massachusetts Eye, and Ear, KeraMed, Inc, and Presbia Plc.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 180 Billion |
| Market Value in 2033 | USD 370 Billion |
| Growth Rate | CAGR of 7.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US Billion and CAGR from 2023-2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Treatment, Diagnosis, End Users, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Middle East and Africa (MEA) |
| Key Countries Profiled | The US, Canada, Brazil, Mexico, BENELUX, France, Germany, Italy, Nordics, Spain, The UK, Poland, Russia, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Kowa Pharmaceuticals; Trefoil Therapeutics; Alcon; Emmecell; Santen; AJL Ophthalmic SA; Massachusetts Eye and Ear; KeraMed, Inc.; Presbia Plc |
| Customization | Available Upon Request |
FMI projects the global Fuchs Endothelial Corneal Dystrophy (FECD) market to expand at a 7.5% value CAGR by 2033
The global Fuchs Endothelial Corneal Dystrophy (FECD) market is estimated at a market value of USD 180 Billion
The global Fuchs Endothelial Corneal Dystrophy (FECD) is expected to garner a market value of USD 370 Billion
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 7% in the assessment period 2023 to 2033.
Key players in the Fuchs Endothelial Corneal Dystrophy (FECD) market are Kowa Pharmaceuticals, Trefoil Therapeutics, Alcon, Emmecell, Santen, AJL Ophthalmic SA, Massachusetts Eye, and Ear, KeraMed, Inc and Presbia Plc.
North America is expected to grow at a CAGR of 7.4% in the assessment period 2023 to 2033.
Europe is expected to grow at a CAGR of 7.3% in the assessment period 2023 to 2033.
The hospitals segment is expected to hold the largest market share for lucrative Fuchs Endothelial Corneal Dystrophy (FECD) in the forecast period 2023-2033.
1. Executive Summary | Fuchs Endothelial Corneal Dystrophy (FECD) Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Treatment 5.1. Phototherapeutic Keratectomy 5.2. Amniotic Membrane Transplants 5.3. Anterior Stromal Puncture 5.4. Conjunctival Flaps 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Diagnosis 6.1. Slit-lamp Examination 6.2. Molecular Genetic Tests 6.3. Pachymetry 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 7.1. Hospitals 7.2. ASCs 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia-Pacific 8.6. Middle East & Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. APAC Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Kowa Pharmaceuticals 17.2. Trefoil Therapeutics 17.3. Alcon 17.4. Emmecell 17.5. Santen 17.6. AJL Ophthalmic SA 17.7. Massachusetts Eye and Ear 17.8. Alcon, Inc. 17.9. KeraMed, Inc. 17.10. Presbia Plc 18. Assumptions & Acronyms Used 19. Research Methodology
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Fuchs Endothelial Corneal Dystrophy (FECD) Market
