Artificial Pancreas Market Industry ARTIFICIAL RETINA MARKET - GLOBAL INDUSTRY INSIGHTS, TRENDS, OPPORTUNITY ANALYSIS, 20162024 [DATE] [COMPANY NAME] [Company address] Report Description Artificial retina is a major breakthrough in medical devices industry wherein many universities and leading medical devices companies are conducting research to offer vision to over 285 million visually impaired population worldwide. These devices are primarily nanorod carbon nanotube biomimetic films in association with accessory devices including transmitter, and video processing unit (VPU). Companies are pouring millions of dollar towards capturing the eye care market. As such progressive development towards artificial retina is expected to create high ROI for engaged in early development of the product. These devices are expected to cater to various visual impaired conditions ranging from age-related macular degeneration (AMD) to retinispigmentosa (RP). As per the estimate, there are over 100,000 people suffering from RP in USA only. Advent of this novel technology could unlock the market opportunities for players. A major breakthrough happened in 2013, when FDA approved Argus II Retinal Prosthesis System, the first implanted device to treat population with retinitis pigmentosa (RP). Though the industry will create new opportunities for players, it is expected to be regulated by various industry forces including regulatory norms. The report offers in-depth analysison artificial retinas market including product pipeline, companies involved and expected market opportunity over the forecast period. For more Information: https://www.coherentmarketinsights.com/ongoing-insight/artificial-retinamarket-13 Market Dynamics Ophthalmic industry has become more competitive over the past few years. Established ophthalmic product categories are become more mature with low level of market opportunity for players. As such most of the companies are emphasizing towards price level strategy to level their market presence globally. However, the pricing trend could potentially benefit the company on a shorter scale during the forecast period. This is in regards to capture market opportunities, those medical devices companies are leaning towards R&D. Many startups are emerging primarily in USA and Israel. Artificial retina will create value-oriented customers in near future for these manufacturers. Increasing prevalence of visually impaired population coupled with growing healthcare expenditure across developed and developing countries is expected to drive the eye care market in near future. As per the USA government statistics, the country will witness 20% contribution to GDP through healthcare segment. Moreover, there has been increase in healthcare spending owing to implantation of Medicare and Obamacare in the country. The trend is quite similar in Europe however, at a relatively slower pace. The market is expected to be further driven by joint collaboration of medical device companies with government initiated project. For instance, DOE Artificial Retina Project is one such initiative by government of USA to develop artificial retinas for visually impaired population. Though the industry is expected to grow at exponential growth, cumbersome regulatory process coupled with patent related issues and high R&D expenditure could slow down the overall growth. Companies need to evaluate their business models and economic concerns before planning to enter/expand in the market. Get Free Research Sample of this report: https://www.coherentmarketinsights.com/insight/request-sample/13 Regional Analysis North America and Europe are expected to dominate the overall artificial retina market throughout the forecast period. This is primarily attributed to availability of healthcare infrastructure, high spending on healthcare R&D and spending. North America is undergoing major transformation with implantation of various healthcare reforms. Moreover, the region is home to over 10 Million visually impaired population seeking effective treatment. Every year, 50 thousand people go blind in North America. As such, emergence of this novel technology could possibly create market opportunity for players in the region. Most of the countries in Europe and North America have healthcare spending of over 10%. Asia Pacific is next big market for players. The region hosts over 55% of overall visually impaired population. The rate of RP is highest in Asia Pacific compared to other developed regions. However, the region will grow at relatively slower pace and will possibly be capitalized by the end of forecast period. The region is expected to be primarily driven by Japan followed by China and India. Company Analysis Nano-Retina, Second Sights, Optobionics are some of the key players in the market involved in manufacturing and research related artificial retina programs. About Us COMPANY OVERVIEW Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future. Contact Us CORPORATE OFFICE: Coherent Market Insights 303, Astral Court,Above Reliance Fresh, Near Gaikwad Petrol Pump, Aundh, Pune – 411045, India [email protected]

Global Artificial Retina Market report categorizes the report by geography. It provides information about Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024