Eye Bank Market to Grow at 7.48% CAGR through 2029
Rising awareness
about eye donation & transplantation is expected to drive the Global Eye
Bank Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Eye Bank Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2019-2029F”, the Global
Eye Bank Market stood at USD
1.14 Billion in 2023 and is anticipated to project steady growth in
the forecast period with a CAGR of 7.48%
through 2029.
The global eye
bank market is witnessing significant growth and evolution, driven by a
convergence of demographic trends, technological advancements, regulatory
changes, and increasing awareness about the importance of eye donation and
transplantation. The market is characterized by a complex ecosystem of
stakeholders, including eye banks, hospitals, tissue banks, research
institutions, regulatory agencies, and non-profit organizations, all working
collaboratively to address the growing demand for corneal tissue worldwide.
One of the
primary drivers of market growth is the rising prevalence of eye disorders and
injuries, fueled by factors such as aging populations, lifestyle changes, and
increasing rates of chronic diseases. Conditions such as corneal dystrophies,
keratoconus, and corneal scarring due to trauma or infections contribute to the
demand for corneal transplantation as a means of restoring vision and improving
quality of life for affected individuals.
Technological
innovations in surgical techniques, tissue processing, and quality assessment
have also revolutionized the field of corneal transplantation, making
procedures safer, more effective, and accessible to a broader patient
population. Advanced imaging technologies, such as optical coherence tomography
(OCT) and confocal microscopy, enable precise evaluation of corneal health and
facilitate better patient outcomes. The development of minimally invasive
surgical approaches and improved preservation methods, such as hypothermic
storage and organ culture systems, have expanded the reach of eye banks and
improved the viability of donor tissue for transplantation.
Regulatory
changes and standardization efforts are also shaping the landscape of the
Global Eye Bank Market, with governments and regulatory agencies implementing
guidelines and quality standards to ensure the safety, efficacy, and ethical
conduct of eye banking practices. Compliance with regulatory requirements and
adherence to best practices are paramount for eye banks to maintain
accreditation, foster trust among stakeholders, and uphold patient safety
standards.
Increasing
healthcare expenditure and infrastructure development worldwide are driving
investment in eye banking infrastructure, capacity building, and workforce
training. Governments, healthcare organizations, and philanthropic foundations
are allocating resources towards the establishment of regional and national eye
banking networks, equipped with state-of-the-art facilities and staffed by
trained professionals, to meet the growing demand for corneal transplantation
services.
Despite the
significant progress made in the global eye bank market, several challenges
persist, including disparities in access to eye care services, quality
assurance issues, financial sustainability concerns, and regulatory
complexities. The global eye bank market presents immense opportunities for
growth and innovation, driven by technological advancements, demographic
trends, regulatory changes, and increasing awareness about the importance of
eye donation and transplantation in restoring vision and improving quality of
life for millions of individuals worldwide.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Eye Bank Market”
The Global Eye
Bank Market is segmented into ownership, structure, regional distribution, and
company
Based on structure,
tissue and eye bank functions emerge as the second-largest growing segment in
the global eye bank market following multicenter eye banks due to their pivotal
role in the corneal transplantation process. While multicenter eye banks
oversee coordination across a network of facilities, tissue and eye bank
functions are fundamental to the daily operations of individual eye banks. This
segment encompasses a spectrum of activities essential for managing donor
recruitment, tissue procurement, processing, and distribution within a single
eye bank facility.
The significant
growth of Tissue and Eye Bank Functions can be attributed to several factors. Increasing
awareness about eye donation and transplantation has led to a surge in donor
registrations and referrals, necessitating expanded infrastructure and resources
to accommodate the growing donor pool. Advancements in surgical techniques and
technologies have heightened the demand for high-quality corneal tissue,
driving eye banks to enhance their procurement, processing, and distribution
capabilities to meet the needs of transplant recipients.
Based on region,
Europe emerges as the second-largest market after North America in the global
eye bank market due to a combination of factors, including advanced healthcare
infrastructure, strong regulatory frameworks, and a robust culture of eye
donation and transplantation. European countries boast well-established eye
banking facilities, specialized ophthalmic centers, and a skilled workforce of
ophthalmologists and eye banking professionals, which contribute to the
region's prominence in the market.
One key factor
driving Europe's position as the second-largest market is its comprehensive
healthcare infrastructure, characterized by universal healthcare coverage,
extensive networks of hospitals and medical centers, and access to advanced
technologies and surgical techniques. This infrastructure supports the
provision of high-quality eye care services, including corneal transplantation,
across the region, thereby contributing to the demand for donor corneal tissue
and the growth of the eye banking market. Europe has a strong culture of eye
donation and transplantation, supported by public awareness campaigns,
educational initiatives, and advocacy efforts aimed at promoting eye donation,
dispelling myths, and encouraging donor registration. Non-profit organizations,
professional associations, and government agencies collaborate to raise
awareness about the importance of eye donation and facilitate the procurement
and distribution of donor tissue to meet the needs of transplant recipients.
Major companies
operating in Global Eye Bank Market are:
- Central Eye Bank of Iran (CEBI)
- Ramayamma International Eye Bank
- Illinois Eye Bank
- SightLife
- Eye Bank of Ethiopia
- National Eye Bank (All India
Institute of Medical Sciences)
- Sheikh Khalifa Medical City (SKMC)
- Advancing Sight Network
- Baton Rouge Regional Eye Bank (BRREB)
- Central Ohio Lions Eye Bank
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“The future of
the Eye Bank Market is poised for remarkable advancements driven by ongoing
technological innovations, expanding healthcare infrastructure, and increasing
awareness about the importance of eye donation and transplantation. With the
continuous development of minimally invasive surgical techniques, sophisticated
imaging technologies, and automated tissue processing systems, corneal
transplantation procedures are expected to become safer, more effective, and
accessible to a broader patient population. The establishment of regional and
national eye banking networks, equipped with state-of-the-art facilities and
staffed by skilled professionals, will enhance the efficiency and reach of eye
banking services worldwide. Collaborative research efforts, regulatory harmonization
initiatives, and public-private partnerships will contribute to the
standardization of best practices, quality assurance protocols, and regulatory
frameworks, ensuring the safety, efficacy, and ethical conduct of eye banking
operations. As a result, the Eye Bank Market is poised to play a pivotal role
in addressing the global burden of vision impairment and blindness, improving
patient outcomes, and advancing the mission of sight restoration for millions
of individuals worldwide.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Eye Bank Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Ownership
(Hospitals, Non-Profit Organizations, Private Organizations), By Structure (Eye
Bank Only Functions, Tissue and Eye Bank Functions, Recovery Centers,
Processing Centers, Distribution Centers, Multicenter Eye Banks, By Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Eye Bank Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Eye Bank Market.
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