Retinal Implants Market Research Report: By Type (Argus II, Implantable Miniature Telescope, Retina Implant Alpha AMS) and Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA), Latin America) – Forecast to 2027
ID: MRFR/MED/5118-HCR | February 2021 | Region: Global | 100 pages
Retinal Implants Market Forecast
Retinal Implants Market likely to exhibit a healthy growth over the next couple of years. Retinal implants have emerged as an innovative technology in the field of ophthalmology. They are being used for improving eyesight of people with partial or complete blindness. The technology is still in its nascent stage hence a mixed speculation continues to hover around it. Investment in retinal implants and prostheses R&D has increased in recent years owing to their immense market potential. Several private eyecare companies have entered the frame and are focusing on introducing more effective retinal implants. Majority of retinal implants that are currently available in the market are aimed at partially restoring useful eye vision. Such implants are effective in treating vision loss caused due to age-related macular degeneration (AMD) and retinitis pigmentosa (RP). Visual devices such as bionic eye and visual prosthesis are expected to have bigger impact in years to come, which in turn will pave the way for retinal implant market.
Report Synopsis
This MRFR report offers a thorough analysis of the retinal implants market. The primary objective of the report is to analyze the current market landscape and its future potential. All the relevant parameters have been considered for retinal implants market analysis. The report also includes a discussion on the growth opportunities, drivers and restraints.
Competition Tracking
Philips Healthcare, Retina Implant AG, Second Sight Medical Products, Inc. Bionic Eye Technologies, Inc., Bionic Vision Australia, VisionCare Ophthalmic Technologies, Inc, Abbott Vascular.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Research Methodology
Market Research Future (MRFR) employs a multi-layered analysis module for presenting accurate industry outlook. The combination of primary and secondary research processes for analysis of governing factors and macro-economic indicators of the market. Detailed surveys and interviews are conducted with key opinion makers across the value chain for collection of primary data. Secondary research processes are leveraged for verification of collected data through valuable inputs from SEC filings, white paper references, paid databases, research publications and other credible sources available in public domain. Additionally, top-down and bottom-up approaches are utilized to extrapolate data, which is then verified using a powerful data triangulation technique. These comprehensive research methods ensure accuracy and objectivity of the retinal implants market foresight.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global retinal implants market for petroleum coke (fuel-grade)
Retinal Implants Market By Type
- Argus II
- Implantable Miniature Telescope
- Retina Implant Alpha AMS
Retinal Implants Market By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
- Latin America
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | 2020-2027: Substantial CAGR |
| 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 | Type |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Philips Healthcare, Retina Implant AG, Second Sight Medical Products, Inc. Bionic Eye Technologies, Inc., Bionic Vision Australia, VisionCare Ophthalmic Technologies, Inc, Abbott Vascular |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
North America is projected to command the largest share in the retinal implant market.
Excessive clinical trial activities and increasing FDA approvals are adding market growth.
High cost may limit market growth.
End users of retinal implant market include research institutes, ophthalmic clinics, and others.
Different strategies used by market players to create a dominance in the retinal implant market include collaborations, mergers, product development, and strategic alliances.