Global Market for Artificial Retina is Expected to Grow At A CAGR Of 2.1% From 2014 to 2023

Pune, India, 12 May, 2017 /MRFR Press Release/- Market research future has a half cooked research report on Global Artificial Retina market. The global market for artificial retina is growing continuously and expected to grow at a CAGR of 2.1% from 2014 to 2023.

Test the market data and market information presented through more than 60 market data tables and figures spread over 71 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Artificial Retina Market Research Report –Global Forecast to 2023.”

Market Highlights

The global artificial retina market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Artificial retina implants provides sight to blind patients. Artificial retina partially restore vision to patients who are suffering from retinitis pigmentosa and age related macular degeneration. Artificial retina converts visual information into electrical signals which further sent to the brain through optic nerve. By using these artificial retina, blind person can see light and nearly objects. Research is going on large scale to develop advance artificial retina. Retina manufacturing companies are spending money on research to develop more innovative product for the market. Growing awareness about artificial retina is key factor for the growth of the market. Eye care hospitals are making tie ups with the artificial retina manufacturers to provide better service to the patients. Artificial retina market is niche and there are not much companies present in this market. These companies are investing about 10%-15% of their budget on R&D. Changing technology and innovative product development are driving the growth for the market Adoption of advance technology, availability of skilled medical professionals, and growing healthcare sector are driving the growth for the artificial retina market. However there are some factors that prohibiting the growth of the artificial retina market. Artificial retina is still under research and there are very few products available in the market. By using this, patients can see but are not able to recognize face. There are strict regulations of government for clinical trials of artificial retina. The approximate cost of artificial retina is around US$ 1,00,000 and there are additional charges for surgery and other medical facilities which is highly expensive. Access to this product, lack of healthcare infrastructure and lack of skill required mostly in middle and low income countries are major inhibitors for the market.

Artificial retina is hope for blind people. The global artificial retina market is expected to reach US$ 102.9 million by 2023 at the CAGR of 2.1% during the forecast period.

Global Artificial retina Market Players:

There are plenty of large and small market players which operate in this market all over the globe. SECOND SIGHT (US), Nano Retina (Israel), Retina Implant AG (Germany), PIXIUM VISION (France), Bionic Vision Australia

Regional Analysis

Considering the global scenario of the market, North America is believed to be the largest market for artificial retina. Moreover the European market is also growing and second largest market for artificial retina. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the artificial retina during the forecasted period. Rest of the World is likely to have a limited but steady growth in the artificial retina market.

FIGURE            Global Artificial Retina Market, by End User, 2016 (%)

Global Artificial Retina Market has been segmented on the basis of type of retinal implants which comprise Epiretinal Implants, Subretinal Implants. On the basis of End user which comprise Eye hospitals, Research laboratories, and others.

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/artificial-retina-market-2812

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact US

Akash Anand,

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com