Artificial Eye Market Research Report- Forecast To 2030

Artificial Eye Market Research Report By Types (Non-Integrated Implants, Integrated Implants), Technology (Electronic And Mechanical), End Users (Hospitals, Clinics And Others) - Forecast Till 2030

ID: MRFR/MED/0479-HCR | February 2023 | Region: Global | 115 Pages         

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Artificial Eye Market

Artificial Eye Market is projected to be worth USD 2,878.71 Million by 2030 registering a CAGR of 7.10% during the forecast period (2022 - 2030).

Segmentation
By Types Non-Integrated Implants Integrated Implants
By Technology Electronic Mechanical
By End Users Hospitals Clinics Others
Key Players
Companies Profiled   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
Market Driving Forces   Development in technology   Increasing people suffering from eye sight problem due to increasing prevalence of diabetes
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Artificial Eye Market Overview The Artificial Eye Market is projected to reach USD 2,878.71 Million by 2030 at 7.10% CAGR during the forecast period 2022-2030. The visual prosthesis is another term for an artificial eye. It is an artificial visual gadget that is used to help patients who have lost their vision due to full or partial blindness regain their vision. There are a variety of devices on the market that can cure or improve a patient's vision. The growing number of persons who are blind or partially blind is driving the artificial eye business. The market for artificial eyes is being pushed by an increase in the number of people who are blind or partially impaired, as well as an aging population. The expansion of the artificial eye market is further aided by the rising prevalence of diseases that influence vision, technological advancements, and the rising prevalence of diseases such as diabetes. A prosthetic eye, often known as an artificial eye, assists persons who have lost an eye due to sickness or injury to improve their look. Before the prosthetic eye is implanted, the ocular implant is usually wrapped with living tissue or a synthetic cushioning material. Furthermore, continued R&D activities and product development investments would move the industry forward.

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 2022-2030

  • 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.Recent Development

IBM and Palantir Technologies announced a new alliance in February 2021, combining IBM's hybrid cloud data platform for delivering AI for business with Palantir's next-generation application development platform.


Wordtune Read stated in November 2021 that their AI tool could assist individuals to read big, difficult papers up to 75% faster. A URL or a PDF file can be used to feed the tool.


Finn AI teamed with ASI Group, a conversational banking solution provider powered by AI, in May 2020. Customers of ASI Group's banks and credit unions in the United States and Latin America should be able to rapidly and simply integrate the Finn AI banking chatbot into their online and mobile banking channels to automate and scale self-service.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   USD 2,878.71 Million
  CAGR   7.10%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  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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