Intracorneal rings are also known as intracorneal ring segment or ICRS. These rings are made of biocompatible and clear plastic and can be safely used in cataract surgery and contact lenses. These are micro thin inserts with different thicknesses. Additionally, these rings are used as alternatives in corneal transplant. Intracorneal rings are designed to reshape the surface of eye, improve the cone shape of and reinforce the cornea. These rings help to improve the shape of cornea and enhance vision in keratoconus patients. Moreover, intracorneal rings eliminate the need of corneal grafts and improve structural integrity of eye. These are mostly used in keratoconus, and low and moderate myopia. Keratoconus is an eye condition characterized by corneal irregularity and loss of vision. Intracorneal rings are used as alternatives in the treatment of keratoconus.

Rise in prevalence of eye diseases such as myopia with retinal damage, cataract, and glaucoma is anticipated to drive the global intracorneal rings market. Additionally, increase in the number of corneal transplantation surgeries and high incidence of acute and moderate myopia are projected to propel the intracorneal rings market. Patients suffering from diabetes are at major risk of developing eye disease and could require eye surgery. Hence, increase in the diabetic population is expected to augment the global intracorneal rings market. However, lack of awareness about intracorneal rings is likely to restrain the intracorneal rings market.

The global intracorneal rings market can be segmented based on technique, indication, end-user, and region. In terms of technique, the intracorneal rings market can be bifurcated into mechanical and femtosecond laser. Growth of the mechanical segment can be attributed to rise in prevalence of cataract, glaucoma, and other eye diseases. Based on indication, the global intracorneal rings market can be classified into myopia, keratoconus, and pellucid marginal degeneration. Growth of the myopia segment can be attributed to factors such as increase in incidence of vision loss and corneal irregularity leading to vision impairment. In terms of end-user, the market can be divided into hospitals, eye clinics, and others.

The global intracorneal rings market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The intracorneal rings market in North America is projected to be driven by rise in prevalence of glaucoma during the forecast period. According to the National Federation of Blind, 0.78% of the total population of the U.S. was suffering from visual disabilities in 2015. Rise in prevalence of cataract, glaucoma, and other eye-related infections are anticipated to propel the intracorneal rings market in Europe from 2018 to 2026. Moreover, increase in incidence of diabetes is expected to augment the intracorneal rings market in the region. According to the State of Nation Eye Health (U.K.) (2016), cataract accounts for 19% and glaucoma accounts for 7% of the cases of vision loss in U.K. According to the Royal National Institutes of Blind People, in 2014, prevalence of diabetes retinopathy was 56.1% in people suffering from type 1 diabetes and 30.0% in people with type 2 diabetes. An article published in Asia Pacific Journal of Ophthalmology stated that 80% to 90% of young people are suffering from myopia. Moreover, diabetes is one of the most prevalent lifestyle diseases in the region. According to the International Diabetes Federation, 72,946,400 people were diagnosed with diabetes in India in 2017.

The global intracorneal rings market is highly fragmented due to the presence of large number of players. Key players operating in the global intracorneal rings market are DIOPTEX, Johnson & Johnson Surgical Vision, Inc., AJL Ophthalmic SA, Spectrum Surgical Pty. Ltd., MEDIPHACOS, Carl Zeiss Meditec AG, Rockmed, Gamma Vision, and Ziemer Ophthalmic Systems AG, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Intracorneal Rings Market

Pre Book