Press Release

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.


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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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