Artificial Retina manufacturers are making huge financial investments in R&D which is leading to new and innovative product development resulting in driving the growth for the market in turn. According to a recent study report published by the Market Research Future, The Global Market of Artificial Retina is growing steadily and is expected to continue its growth soon. Global Artificial Retina Market is expected to grow to US$ 102.9 million by 2023 at CAGR of 2.1%.
Normally, eyes should give a lifetime’s service, but sometimes they can be affected by conditions you were born with or which develop as you grow older. Eye or sight problems can occur at any time. Retinal degeneration is one of the sight problems.
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Retinal degeneration is major reason for blindness in humans and no clinical treatments can cure this medical condition. Retinitis pigmentosa (RP) is rare and inherited eye disorder that causes progressive degeneration of the rod photoreceptor cells of the retina which leads to blindness.
Artificial retina is new hope for blind people and helps blind person to see objects. Artificial retina is placed either in the internal surface of the retina or outer surface of retina. There are around 1.5 million people suffering from retinitis pigmentosa which ultimately causes blindness. Approximately, 280 million people with visual impairment and about 40 million people are completely blind.
Global Artificial Retina Market – Key Players
Some of the key players in this market are:
- Second Sight (US)
- Nano Retina (Israel)
- Retina Implant AG (Germany)
- Pixium Vision (France)
- Bionic Vision Australia
Global Artificial Retina Market – Segments
The Artificial Retina Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type of Retinal Implant: Comprises Epiretinal Implants, Subretinal Implants, and others.
Segmentation By End User: Comprises Eye hospitals, Research laboratories, and Others.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Global Artificial Retina Market – Regional Analysis
Considering the global scenario of the market, North America is believed to be the largest market for artificial retina. Moreover the European market is also growing and second largest market for artificial retina. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the artificial retina during the forecasted period. Rest of the World is likely to have a limited but steady growth in the artificial retina market.
Major Table of Content
- Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
- Market Dynamics
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