SEATTLE, April 14, 2021, (MEDGADGET) — Wireless visual cortical stimulator devices are visual prosthetics that are used to restore functional vision function of a blind user. It delivers an electrical stimulator that bypasses defected retinal cells and promotes viable cells to induce visual perception. This device is beneficial for people who have lost vision due to glaucoma, cancer, diabetic retinopathy or trauma cases. In October 26, 2016, Second Sight, announced its first implantation in a 30-year blind patient to provide human proof for the ongoing development of Orion I Visual Cortical Prosthesis (Orion I), wireless visual cortical stimulator. In 2013, the U.S. FDA approved Second Sight’s Argus II System, a visual cortical stimulator that provides electrical stimulation that bypasses defunct retinal cells to stimulate viable cells.
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The wireless visual cortical stimulator market is segmented on the basis of indication type and end-users. On the basis of indication type, the market is segmented into cancer, diabetic retinopathy, trauma, glaucoma, and other indication. Diabetic retinopathy and glaucoma segments are expected to contribute a major share to the overall market. On the basis of end-user, the visual cortical stimulator market is segmented into hospital, ambulatory surgical centers, emergency care units, specialized clinics, and others
The global market is classified on the basis of the following segments:
- Diabetic Retinopathy
- Ambulatory Surgical Centers
- Emergency Care Units
- Specialized Clinics
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Growing Incidence of Diabetic Retinopathy is expected to Positive Future Outlook for Wireless Visual Cortical Stimulator Market
The global wireless visual cortical stimulator is expected to witness significant growth in the upcoming year owing to the rising number of diabetic retinopathy cases reported around the globe. It is the fifth most common cause of preventable blindness and moderates to severe visual impairment. In 2010, an estimated 285 million people worldwide suffered from diabetes. Therefore, increasing trauma cases and cancer cases are projected to create lucrative growth opportunity for wireless visual cortical stimulator manufacturers.
The growing cases of blindness due to diabetes and increasing governments or organizations initiatives to raise awareness among patients regarding blindness treatment through campaigns and national diabetes awareness programs to act as a fuel to the growth of wireless visual cortical stimulator market. In October 2016, Kasturba Health Society, Mahatma Gandhi Institute of Medical Sciences in India initiated a diabetic care program to prevent blindness from diabetic retinopathy aimed to create awareness and prevent blindness from diabetic retinopathy. The CDC’s Vision Health Initiative (VHI) is one such initiative started by the Center for Disease Control and Prevention aimed to create a more effective network for vision loss prevention and eye health promotion. The presence of other alternative treatment methods such as visual cortical stimulator device is expected to hamper the market growth. The time span for FDA approval and the time required for the adoption of the device is expected to hamper the overall growth of the wireless visual cortical stimulator industry. North America and Europe are projected to be major revenue contributors towards the market due to the rising adoption of novel technologies in these regions.
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