Artificial eye is also referred as visual prosthetic. It is the artificial visual device used to restore the visual function of the patient suffering from complete or partial blindness. Number of devices are available in the market which can cure or improve the eyesight of the patient. Global artificial eye market is driven by increasing number of people suffering from complete or partial blindness. According to WHO, approximately 250 million people of 50 years age are suffering from visual impairment. Around 80% people in many of the developing countries are suffering from eye sight problems of which nearly 50% of people are not able to take treatment due to its high cost. Global artificial eye market is driven by increasing number of people suffering from complete or partial blindness and increasing aging population. Increasing prevalence of diseases affecting eye sight, developments in technology and increasing prevalence of diseases like diabetes is also contributed in the growth of the market. While high cost of the treatment and availability of cheap alternative treatment has hampered the growth of the market. Global artificial eye market is growing at a CAGR of 9.6% during forecasted period 2017-2023.
Study objectives global artificial eye market
Figure 1- Global Artificial Eye Market, By Region
Source- Annual reports, Press release, White paper, Company Presentation
Key players for global artificial eye market
Advanced Artificial Eye (US), The National Artificial Eye Services (NHS) (UK), Marie Allen Ocularist Ltd (Canada), COS-MEDIC PTY LTD (Australia), Retina Implant AG (Germany), Second Sight (US), Pixium Vision (France), Ericksons Custom Made Artificial Eye (Canada), International Prosthetic Eye Center (India) Segmentation
Global artificial eye market is segmented on the basis of type, Non-integrated implants, Integrated implants. Integrated implants are further segmented into hydroxyapatite, porous polyethylene, bioceramic, conical orbital implant and other. On the basis of technology, they are segmented into electronic and mechanical and on the basis of end user, the market is segmented into hospitals, ophthalmology clinics and others.
Source- World Health Organization (WHO), White paper, Company Presentation, CDC , National Institutes of Health, Annual reports
On regional basis, America dominates the global artificial eye market. Development in technology and increasing people suffering from eye sight problem due to increasing prevalence of diabetes has driven the growth of the market. Europe commands the second largest market for the artificial eye which is followed by Asia Pacific.
The report for global artificial eye market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions. Intended Audience