Bionic eye is a computer chip that is placed in the back of the eye. These devices are used to treat the blindness in the people. Global Bionic Eye Market is growing at a swift rate. Continuous increasing demand for the bionic eye and increasing number of visually impaired people across the globe is the major driving factor for the market. According to WHO, number of visually impaired patients is continuously rising and about 90% of these patients are living in developing countries. Increasing people having vitamin deficiency and increasing diseases related blindness is driving the growth of the market. Beside this increasing aging population across the globe is also contributed in the growth of market. While high cost and limited surgical professionals of the treatment can hamper the growth of the market.
Global Bionic Eye Market is segmented on the basis of type into external eye and implanted eye. External eye is further sub segmented into retinal prosthesis and microsystem-based visual prosthesis (MIVP). On the basis of technology they are segmented into electronic and mechanical and on the basis of end user he market is segmented into hospitals, clinics and others.
The major key player for the Global bionic eye market are Retina Implant AG (Germany), Second Sight (US), Bionic Vision Australia (Australia), The Bionic Eye (UK), Pixium Vision (France), iBionics (Canada), NeoStrata (US).
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Due to increasing prevalence of diseases like diabetes in the world and increasing number of people suffering from vision loss has attracted man of the major and medium sized company to introduce the better for the treatment. Many company are investing in R&D so as to introduce a new device and method so as to withstand the competition and increase the market.
Retina Implant AG is the German headquartered company working in the manufacturing of the medical technologies. Retina Implant Alpha IMS is the most famous product of the company. In 2017, Okuvision and Retina Implant are merge together under the parent company Retina Implant AG.
Second Sight is the US headquarter company. The company has got FDA approval for the first visual prosthesis in 2013. Argus II Retinal Prosthesis System is the major product of the company. Argus II provides the electrical stimulation of the retina to induce visual perception in blind individuals.
Bionic Vision Australia is an Australian company. This company has introduced Suprachoroidal Retinal Prosthesis for the treatment of visual impairment. This treatment will provide vision to blind patients suffering from degenerative retinal conditions.
Pixium Vision is medical device manufacturing company headquartered in France. Intelligent Retinal Implant System is the major product of the company. IRIS is under clinical trials and PRIMA is under preclinical development.
NeoStrata is a professional skin care brand recommend by most the physicians worldwide. PHA 4 is the bionic eye cream manufactured by this company.
Bionic Eye Market Segmentation:
Global bionic eye market is segmented on the basis of type into external eye and implanted eye. External eye is further sub segmented into retinal prosthesis and microsystem-based visual prosthesis (MIVP). On the basis of technology they are segmented into electronic and mechanical and on the basis of end user he market is segmented into hospitals, clinics and others
Bionic Eye Market Regional Analysis:
On regional basis, America dominates the global bionic 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 bionic eye which is followed by Asia Pacific.
Key Players for Global Bionic Eye Market:
Retina Implant AG (Germany), Second Sight (US), Bionic Vision Australia (Australia), The Bionic Eye (UK), Pixium Vision (France), iBionics (Canada)
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Bionic Eye Market Major Table of Contents:
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
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