Artificial Eye Market Research Report- Forecast To 2027

Artificial Eye Market Research Report By Types (Non-Integrated Implants, Integrated Implants), Technology (Electronic And Mechanical), End Users (Hospitals, Clinics And Others) - Forecast Till 2027

ID: MRFR/MED/0479-HCR | February 2021 | Region: Global | 115 pages         

Artificial Eye Market

Artificial Eye Market is projected to be worth USD 24.8 Million by 2028, registering a CAGR of 9.6% during the forecast period (2021 - 2028).

Segmentation

By Types Non-Integrated Implants Integrated Implants
By Technology Electronic Mechanical
By End Users Hospitals Clinics Others

Key Players

  • Advanced Artificial Eye (US)
  • The National Artificial Eye Services
  • 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

Drivers

  • Development in technology
  • Increasing people suffering from eye sight problem due to increasing prevalence of diabetes
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Artificial Eye Market scenario


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. 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. 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 artificial eye market. While high cost of the treatment and availability of cheap alternative treatment has hampered the growth of the artificial eye market.

Artificial eye market is growing at a CAGR of 9.6% during forecasted period 2017-2023.


Study objectives artificial eye market



  • To provide the detailed information about drivers and factors restraining the artificial eye market growth.

  • To provide the artificial eye market growth map over the forecasted period 2017-2023

  • To provide detailed analysis of the artificial eye market structure along with forecast for the next seven years of various segments and sub-segments of the global artificial eye

  • To provide the graphs and analyze the market on various factors like- Price Analysis, Supply Chain Analysis, Porters Five Force Analysis etc.

  • To provide the trends and opportunities in global artificial eye

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to main countries

  • To provide the overview of key players and their strategic profiles in the artificial eye market and drawing a competitive landscape for the market


Key players for 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


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 artificial eye market is segmented into hospitals, ophthalmology clinics and others.


Market Assessment


 Artificial Eye Market Assessment


Source- World Health Organization (WHO), White paper, Company Presentation, CDC , National Institutes of Health, Annual reports


Regional analysis


On regional basis, America dominates the 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 artificial eye market. Europe commands the second largest market for the artificial eye which is followed by Asia Pacific.


The report for 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 artificial eye 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 artificial eye 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



  • Ophthalmic device manufacturing companies

  • Research and Development (R&D) companies

  • Independent research laboratories

  • Market research and consulting service providers

  • Medical research laboratories

  • Academic medical institutes and universities



Report Scope:
Report Attribute/Metric Details
  Market Size   2027:Significant Value
  CAGR   9.6% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Types, Technology, End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Development in technology
  • Increasing people suffering from eye sight problem due to increasing prevalence of diabetes


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