According to the latest report by IMARC Group, titled “Global Bionic Eye Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global bionic eye market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
A bionic eye, or visual prosthesis, is an electrical device surgically implanted into or near the human eye and connected to the optic nerve to transmit visual sensations to the brain. It comprises an external camera, transmitter, and internal microchip that enables the transduction of light from the environment into impulses the brain can process. It assists in restoring a sense of vision in defective eyes with complete or partial blindness. Nowadays, researchers are developing innovative bionic eye implants to achieve different functional vision goals, which are currently escalating their demand across the globe.
Base Year: 2021
Forecast Year: 2022-2027
Bionic Eye Market Trends and Drivers:
The global bionic eye market is primarily driven by the rising incidences of vision loss, macular degeneration, and other eye disorders. In addition, the expanding geriatric population that is more susceptible to chronic eye conditions and the growing awareness regarding the available treatment options for partial or complete blindness have catalyzed the product demand.
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Furthermore, the leading players are making heavy investments in research and development (R&D) activities to enhance the safety, reliability, and long-term efficacy of bionic eye implants while reducing the overall production costs. Besides this, several product innovations, such as the launch of infrared (IR) and battery-powered bionic eyes, have accelerated product adoption rates.
Other factors, including the increasing clinical trials and product approvals, positive clinical outcomes associated with bionic eyes, improving healthcare infrastructure, and technological advancements, are also anticipated to propel the market growth in the near future.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Bionic Eye Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AAV Media LLC, Bionic Vision Technologies, iBIONICS, Monash Vision Group, NIDEK Co. Ltd., Pixium Vision and Second Sight Medical Products Inc.
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The report has segmented the market on the basis of region, type, technology and end user.
Breakup by Type:
• External Eye
• Implanted Eye
Breakup by Technology:
Breakup by End User:
• Ophthalmic Clinics
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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