The latest research study “Bionic Eye Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global bionic eye market size 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 is a visual prosthetic that can restore vision in an impaired eye with partial or complete blindness. It comprises a camera and microelectrodes surgically positioned inside or near the eye, connected to the optic nerve to send signals from the eye to the brain. It transforms the light into a high-contrast representation, part of which is transmitted for further processing. Electrical stimulation through the surviving optic nerves enables the individual to sense tiny spots of light or phosphenes, which are transformed into images, and allow the person to see. As a result, the bionic eye is gaining immense traction across the globe.
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Bionic Eye Market Trends and Drivers:
The global bionic eye market is primarily driven by the rising prevalence of macular degeneration and other eye-related disorders. Moreover, the increasing awareness about the available partial or complete blindness treatment options is positively influencing the market growth.
Additionally, there has been a rise in research and development (RD) activities to increase the efficiency of bionic eyes and reduce the manufacturing cost for mass utilization. In line with this, the development of infrared (IR) and battery-powered bionic eyes has catalyzed market growth. Furthermore, the increasing instances of eyesight problems in patients suffering from chronic diseases, such as diabetes, cardiovascular disorders, and obesity, have augmented the demand for bionic eyes.
Other factors, including the rising geriatric population, significant improvements in the healthcare infrastructure, sedentary lifestyles, and unhealthy eating habits, are also anticipated to drive the market further.
Global Bionic Eye Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bionic Eye Companies:
AAV Media LLC, Bionic Vision Technologies, iBIONICS, Monash Vision Group, NIDEK Co. Ltd., Pixium Vision and Second Sight Medical Products Inc.
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:
- Electronic
- Mechanical
Breakup by End User:
- Hospitals
- Ophthalmic Clinics
- Others
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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