Health & Fitness

Bionic Eye Market 2022-2027: Size, Share, Trends, Report

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 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.

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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.

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.

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.

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.

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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.

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

Market 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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.

Read Also: Hydrogel Market 2022-2027: Size, Share, Growth, Analysis

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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