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).
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
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.
Source- World Health Organization (WHO), White paper, Company Presentation, CDC , National Institutes of Health, Annual reports
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.
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
|Market Size||USD 2,878.71 Million|
|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||