Keratoconus Treatment Market

Growing sun exposure and UV radiations is driving the market growth

The market CAGR for keratoconus treatment is expanding at an very fast rate due to the rise in sun exposure. As per a study published in the Open Opthalmology Journal titled "Epidemiology of Keratoconus Worldwide," UV light is one of the main factors contributing to the development of keratoconus because of the oxidative damage it produces. This is due to the heavy spread of keratoconus in hot, sunny climates. Saudi Arabia, Iran, New Zealand, Israel, and various Pacific Islands have higher rates of keratoconus than other countries. The sun's and UV rays intense exposure is to blame for this.

Resultantly, the likelihood that someone would develop a keratoconus condition is increased by exposure to UV radiation and sunlight.

Additionally, the prevalence of keratoconus condition has increased globally. The prevalence and frequency of keratoconus problems are rising, which has a knock-on effect on the need for various treatment alternatives such lenses, operations, and corneal cross-linking. The American Journal of Ophthalmology reports that 50 to 200 out of every 100,000 people have keratoconus. About 54.5 per 100,000 people in the United States have this condition. Additionally, this illness affects about 3 million people worldwide. As a result, increasing keratoconus patients encourage the usage of various therapeutic approaches such intacs and corneal transplants, driving market expansion.

The market for keratoconus therapies is expanding as a result of the FDA's increasing approval of various novel medications and treatments. For instance, in February 2019, Bausch + Lomb got 510(k) clearance for the Tangible Hydra-PEG Custom Contact Lens Coating Technology on the Zenlens Family of Scleral Lenses and Boston Gas Permeable Lens Materials. With the use of this coating technology, a number of eye care professionals can give their patients better contact lens customisation using these Bausch + Lomb lens options.

Additionally, Bausch & Lomb reported that in December 2016, its Specialty Vision Products division introduced the Zenlens diagnostic lenses in a new 28-lens set configuration. The new 28 lens set includes four diagnostic lenses with toric peripheral curves as an addition. Thus, driving the Keratoconus Treatment market revenue.

The aging population is a significant driver of the Global Keratoconus Treatment Market Industry. As individuals age, the likelihood of developing various ocular conditions, including keratoconus, increases. The geriatric demographic is more susceptible to vision-related issues, necessitating effective treatment solutions. With the global population aged 65 and older projected to reach 1.5 billion by 2050, the demand for keratoconus treatments is expected to rise correspondingly. This demographic shift highlights the need for healthcare systems to adapt and provide appropriate interventions, thereby fostering market growth.

The Global Keratoconus Treatment Market Industry benefits from increasing awareness and educational initiatives surrounding keratoconus. Organizations and healthcare professionals are actively promoting understanding of the condition, its symptoms, and available treatments. This heightened awareness encourages individuals to seek early diagnosis and intervention, which is crucial for effective management. As educational campaigns proliferate, more patients are likely to pursue treatment options, thereby expanding the market. The anticipated market value of 0.48 USD Billion by 2035 underscores the impact of these awareness efforts on patient engagement and treatment uptake.

The Global Keratoconus Treatment Market Industry is witnessing growth due to the rising prevalence of keratoconus, a progressive eye disorder affecting the cornea. Current estimates suggest that keratoconus affects approximately 1 in 2,000 individuals globally. This increasing incidence is driving demand for effective treatment options, including corneal cross-linking and specialty contact lenses. As awareness of the condition grows, more patients seek medical intervention, contributing to the market's expansion. By 2024, the market is projected to reach 0.32 USD Billion, reflecting the urgent need for innovative therapies to manage this condition.

Technological advancements play a pivotal role in shaping the Global Keratoconus Treatment Market Industry. Innovations such as topography-guided cross-linking and advanced contact lens designs have significantly improved treatment outcomes for patients. These advancements not only enhance the precision of procedures but also reduce recovery times, making treatments more appealing. As healthcare providers adopt these cutting-edge technologies, patient satisfaction is likely to increase, further driving market growth. The market is expected to grow at a CAGR of 3.7% from 2025 to 2035, indicating a robust future for these innovative treatment modalities.

Investment in healthcare infrastructure is crucial for the Global Keratoconus Treatment Market Industry. Governments and private entities are increasingly allocating resources to enhance eye care services, including the treatment of keratoconus. Improved access to specialized clinics and advanced diagnostic tools facilitates timely intervention for patients. This trend is likely to result in higher treatment rates and better patient outcomes. As healthcare systems evolve and expand, the market is poised for growth, driven by the commitment to improving eye health and addressing the needs of keratoconus patients.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Keratoconus Treatment market area will dominate this market, owing to market initiatives taken by key manufacturers. In addition, the region is estimated to grow due to formation of new drugs.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: KERATOCONUS TREATMENT MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Keratoconus Treatment market accounts for the second-largest market share due to the thriving healthcare industry and the increase in cases of keratoconus. Further, the German Keratoconus Treatment market held the largest market share, and the UK Keratoconus Treatment market was among the fastest-growing market in the European region

The Asia-Pacific Keratoconus Treatment Market is expected to grow at the fastest CAGR from 2023 to 2032. The growth is attributed to the rise in ocular disorder cases. Moreover, China’s Keratoconus Treatment market held the largest market share, and the Indian Keratoconus Treatment market was among the fastest-growing market in the Asia-Pacific region.

Leading market players are focusing on attempts to broaden and innovate their product offerings, which will lead the Keratoconus Treatment market, even faster. Market players are also undetaking business strategies to gain a leading position, with key market developments tactics including new product developments & upgrades, contractual agreements, mergers & acquisitions, collaborations, higher investments, and collaboration with other organizations. To grow and survive in a competitive and rising market climate, the Keratoconus Treatment industry must provide cost-effective items.

The manufacturers are laying emphasis on the use of local resources to achieve operational efficiency in the global Keratoconus Treatment industry to benefit clients and increase the market sector. In recent years, the Keratoconus Treatment industry has offered some of the most significant benefits to medicine. Major players in the Keratoconus Treatment market, including HOYA

vision care

company, Menicon Co., Ltd., Cooper companies Inc., Baush Health, SynergEyes, Carl Zeiss Meditec AG, Contamac, Seed Co., Ltd., Novartis AG, Johnson & Johnson Services, Inc., and others, are attempting to increase market demand by investing in research and development operations.

The Cooper Companies Inc. (Cooper) is a manufacturer of medical devices with a concentration on the vision care and women's healthcare industries. For various visual impairments such near- and farsightedness, presbyopia, myopia, astigmatism, ocular dryness, and eye fatigues, the firm develops, manufactures, and markets a variety of soft contact lenses, including spherical, toric, and multifocal lenses. Additionally, it provides genetics, 

fertility treatments

, diagnostics, and contraception to enhance the health of mothers, infants, and families. Through a network of field sales reps, independent agents, and distributors, the firm distributes its eye care products to ophthalmologists, optometrists, opticians, optical chains, and distributors as well as its 

medical equipment

 to hospitals and fertility clinics. In November 2022, CooperVision has added SynergEyes to its CooperVision specialist EyeCare business segment, strengthening its commitment to promoting the use of specialist contact lenses in North America and around the world. The hybrid lens methods and brands offered by the Carlsbad, California-based company cover the treatment of uneven cornea, presbyopia, and astigmatism.

Manufacturer, distributor, marketer, importer, and exporter of ophthalmic goods is Menicon Co Ltd (Menicon). The company's product line also includes bifocal contact lenses, soft contact lenses, astigmatic contact lenses, and hard lenses. Additionally, Menicon offers disposable contact lenses, periodic replacement types of lenses, and lens care supplies. The business runs initiatives for intraocular lens research and development. Hospitals, ophthalmology clinics, optical stores, and pharmaceutical wholesalers are among the clients of Menicon. The business imports dry foods and exports food-related materials. It develops materials, designs lenses, and manufactures contact lenses, along with the care products that go with them.

In May 2023, Menicon Co., Ltd. announces that Itabashi Medical (Dalian) Co., Ltd., a Chinese affiliate, introduced "ROSE K®" in China in April 2023. A hard contact lens for keratoconus patients is called ROSE K®. Worldwide, more than 90 nations have purchased about 1.67 million ROSE K® lenses. These lenses are sold as "Menicon Rose K-T" and have been approved for "keratoconus use" in Japan. They are produced at the Menicon facility as well as at certified factories across the world with Menicon as a licence holder.