Global Artificial Retina Market, By Product Type (Epiretinal Implants, Suprachoroidal Implants, Subretinal Implants, Others), Disease Indication (Retinitis Pigmentosa, Age-Related Macular Degeneration (AMD),), End User (Ophthalmic Centers, Hospitals, Research Institutes, Multi-Specialty Hospitals, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Artificial Retina Market
The artificial retina market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 41,267.02 million by 2028 and will grow at a CAGR of 22.43% in the above mentioned forecast period.
The artificial retina is a type of a minimally invasive device which is used to treat vision problems such as age-related macular degeneration and retinitis pigmentosa. The artificial retina which is implanted into the eye collects signals from the small camera located on the eyeglasses and wirelessly sends the signals to the microchip to create an image that the patient can see obviously.
The rapid increase in prevalence of visually impaired patients combined with government expenditure on health care is amongst the significant factors fueling the growth and demand of the artificial retina market. In addition, the rapid technological advancements and high investment in R&D by key players and increase in geriatric population are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the rising cases of retinitis pigmentosa as well as the increasing healthcare expenditure and increase in the number of ophthalmic hospitals and clinics are also lifting the growth of the market. Furthermore, the increasing capita disposable income is also one of the significant factors flourishing the growth of the artificial retina market.
The rapid development of innovative products as well as the increasing financial investment in research and development and rapid rise in the research in the field of ophthalmology are offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the high cost related with the artificial retina implantation as well as the surgical complications of artificial implants and the easy availability of alternative treatment methods will limit the growth of the artificial retina market, whereas the presence of stringent regulatory policies has the potential to challenge the growth of the artificial retina market.
This artificial retina market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial retina market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Retina Market Scope and Market Size
The artificial retina market is segmented on the basis of product type, disease indication and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the artificial retina market is segmented into epiretinal implants, subretinal implants, suprachoroidal implants and others.
- The artificial retina market can is segmented on the basis of disease indication into age-related macular degeneration (AMD) and retinitis pigmentosa.
- The end user segment of the artificial retina market is segmented into ophthalmic centers, hospitals, research institutes, multi-specialty hospitals and others.
Artificial Retina Market Country Level Analysis
The artificial retina market is analyzed and market size insights and trends are provided by country, product type, disease indication and end user as referenced above.
The countries covered in the artificial retina market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the artificial retina market owing to the increasing cases of retinitis pigmentosa and an increasing geriatric population with age-related macular degeneration within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of largely populated countries such as China and India as well as the increasing per capita income and the rise in the number of ophthalmic hospitals and clinics this particular region.
The country section of the artificial retina market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The artificial retina market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for artificial retina market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial retina market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Artificial Retina Market Share Analysis
The artificial retina market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial retina market.
The major players covered in the artificial retina market report are Second Sight, PIXIUM VISION, Optobionics, Aetna Inc., Retina Australia, Nano Retina, NIDEK CO., LTD., Samsara Vision, BAUSCH + LOMB INCORPORATED, Alcon Vision LLC, Ramsay Health Care UK, Carl Zeiss AG, Johnson & Johnson Vision Care, Inc., STAAR Surgical and MORCHER GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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