Bionic Eye Market Report Overview:
The major global market intelligence business has released its most recent market research report, which focuses on the Bionic Eye market. The detailed research includes descriptive data and illustrations that show the examination of both regional and worldwide markets. Furthermore, the study dives into the market’s goals, casting light on main rivals, their market value, current trending topics, strategies, targets, and goods. It also shows the market’s recent expansion and provides useful insights into its informative history.
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Bionic Eye Market Report Scope and Research Methodology:
The Bionic Eye market research examines the significance of categories and regional markets based on criteria such as market size and growth rate. The study provides a complete review of all segments and areas. The Bionic Eye market study includes a detailed analysis of anticipated data, important advancements, and revenue. It also includes a full evaluation of the key tactics used by leading market players to accelerate global business growth while maintaining a competitive advantage. The Bionic Eye market study evaluates production, consumption, revenue, market share, and growth rates in the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. SWOT analysis can help you understand the Bionic Eye market’s strengths and weaknesses.
Market Dynamics:
Product approvals are increasing, sight loss is becoming more common, and rigorous research and development aimed at product innovation is boosting demand for prosthetic eyes. As of October 2019, the World Health Organisation estimates that around 2.2 billion people worldwide have vision impairment or blindness, with at least 1 billion suffering from untreated or preventable conditions. Positive clinical outcomes related with bionic eye use have helped to increase product adoption among patients suffering from incurable eye illnesses and permanent vision loss.
RP is a rare hereditary disorder that affects one out of every 4,000 people globally, according to the National Eye Institute. According to the Bright Focus Foundation, around 11 million Americans have age-related macular degeneration, with that figure anticipated to treble by 2050.
Bionic Eye Industry Analysis and Progression:
Bionic Eye Market size was valued at US$ 262.6 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 12.7% through 2022 to 2029, reaching nearly US$ 606.5 Mn.
Bionic Eye Market Classifications
by Type
External Eye
Implanted Eye
The market is divided into two segments based on type: external eyes and implanted eyes. The External Eye segment is predicted to have the biggest market share (xx%) by 2029. Market participants are focusing on technical developments to provide improved patient outcomes. In 2017, Second Sight introduced the Orion bionic eye, which includes an updated Video Processing Unit (VPU), a face detection system, and 3D vision via stereo cameras mounted on the eyewear. Patients can now use obstacle detection and navigation features in the upgraded version. The FDA granted the device an Expedited Access Pathway designation.
by Technology
Electronic
Mechanical
Based on technology, the market is divided into two categories: electronic and mechanical. The electronic segment is predicted to increase fast at a CAGR of xx% from 2022 to 2029. Factors driving the segment’s growth include an increase in the number of clinical studies and high adoption rates. These are implanted neural stimulation devices in the patient’s eyes. The video signal collected from the glasses’ video camera is decoded by a battery-powered device worn by the patient, and the result is electrical simulation data. The information is then transmitted to the stimulation device that has been implanted.
by End-User
Hospitals
Ophthalmic Clinics
Others
The market is divided into three segments based on the end user: hospitals, ophthalmic clinics, and other. The hospitals segment is predicted to increase at a CAGR of xx% from 2022 to 2029. Hospitals are the first line of therapy for patients, and they are well-equipped with trained ophthalmologists and cutting-edge equipment to provide excellent patient care. Increased medical coverage for the patient population, combined with improved surgical outcomes, is predicted to increase the amount of surgical treatments, propelling bionic eye market growth throughout the forecast period.
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Bionic Eye Market Key Players:
1. Retina Implant Ag
2. Second Sight Medical Products LLC
3. Bionic Vision Australia
4. Nidek Co. Ltd.
5. Nano Retina Ltd.
6. Biomedical Technologies S.L.
7. Pixium Vision
8. Monash Vision Group
9. MetaModal LLC
10.The Bionic Eye
11.iBionics
12.Zimmer Biomet
13.Essilor and AAC Media
14.Neostrata Company
15.Berlin Heart
Bionic Eye Market Analysis by Region:
The Bionic Eye market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Bionic Eye market status of various countries included in the report.
Key questions answered in the Bionic Eye Market are:
- What are the Bionic Eye Market segments?
- Which Bionic Eye market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Bionic Eye market during the forecast period?
- Who are the top players in the Bionic Eye industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Bionic Eye market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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