Wireless Visual Cortical Stimulator Market

Wireless Visual Cortical Stimulator Market Estimated to
Flourish By 2026, GE Healthcare
Market Overview:
Wireless visual cortical stimulator devices are visual prosthetics used to restore functional vision
of a blind user. It provides electrical stimulator that bypasses defected retinal cells and
stimulates viable cells to induce visual perception. On October 26, 2016, Second Sight,
announced its first implantation in a 30-year blind patient to provide human proof for the
ongoing development of Orion I Visual Cortical Prosthesis (Orion I), wireless visual cortical
stimulator. In 2013, the U.S. FDA approved Second Sight’s Argus II System, a visual cortical
stimulator that provides electrical stimulation that bypasses defunct retinal cells to stimulate
viable cells. The difference between Orion I and Argus II System is that Orion I uses wireless
technology. The device allows restoring vision to patients completely blind due to glaucoma,
cancer, diabetic retinopathy or trauma cases. The first implantation proved that the device
perceive and localize individual light spots with no side effects associated with it. It is rare that
all technological development offers string opportunity, though the first human test of Orion I,
wireless visual cortical stimulator proved to be able to treat visually impaired patients with no
side effects. The company expects to submit the application to the FDA in early 2017 for the
initial completion of clinical trial of the complete system.
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Wireless visual cortical stimulator market is segmented on the basis of indication type and end
users. On the basis of indication type, the market is segmented into cancer, diabetic
retinopathy, trauma, glaucoma, and other indication. Diabetic retinopathy and glaucoma
segments are expected to contribute major share to the overall market. ON the basis of end
user, the visual cortical stimulator market is segmented into hospital, ambulatory surgical
centers, emergency care units, specialized clinics, and others
Global Wireless Visual Cortical Stimulator Market Taxonomy
The global market is classified on the basis of following segments:
Indication Type:
Cancer
Diabetic Retinopathy
Trauma
Glaucoma
Others
End Users:
Hospital
Ambulatory Surgical Centers
Emergency Care Units
Specialized Clinics
Others
Report includes chapters which deeply display the following deliverable about industry :
• Wireless Visual Cortical Stimulator Market Research Objective and Assumption
• Wireless Visual Cortical Stimulator Market Purview - Report Description, Executive Summary,
and Coherent Opportunity Map (COM)
• Wireless Visual Cortical Stimulator Market Dynamics, Regulations, and Trends Analysis Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Wireless Visual Cortical Stimulator Market, By Regions
• Wireless Visual Cortical Stimulator Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Wireless Visual Cortical Stimulator Market Manufacturers Profiles/Analysis including Company
Basic Information, Manufacturing Base and Its Competitors.
• Wireless Visual Cortical Stimulator Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Wireless Visual Cortical Stimulator Market Forecast including Production, Consumption, Import
and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Increasing Incidence of Diabetic Retinopathy Provides Positive Future Outlook for Wireless
Visual Cortical Stimulator Market
The global wireless visual cortical stimulator is expected to witness significant growth in the
near future due to increasing number of diabetic retinopathy cases reported worldwide. It is the
fifth-most common cause of preventable blindness and moderate to severe visual impairment. In
2010, an estimated 285 million people worldwide suffered from diabetes. The increasing trauma
cases and cancer cases are expected to create lucrative growth opportunity for wireless visual
cortical stimulator manufacturers and developers.
The growing concern with blindness due to diabetes and governments or organizations
initiatives to grow awareness among patients related to blindness treatment through campaigns
and national diabetes awareness programs to act as a fuel to the growth of wireless visual
cortical stimulator market. In October 2016, Kasturba Heath Society, Mahatma Gandhi Institute
of Medical Sciences in India initiated diabetic care program to prevent blindness from diabetic
retinopathy aimed to create awareness and prevent blindness from diabetic retinopathy. The
CDC’s Vision Health Initiative (VHI) is one such initiative started by Center for Disease Control
and Prevention aimed to create more effective network for vision loss prevention and eye health
promotion. The presence of other alternative treatment methods like medication, visual cortical
stimulator device will hamper the growth of wireless visual cortical stimulator. The time span
for FDA approval and time required for adoption of device is expected to hamper the overall
growth of wireless visual cortical stimulator industry. North America and Europe are expected
to be major revenue contributors towards the market due to these regions being early adopters
of novel technologies.
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Wireless visual cortical stimulator devices are visual prosthetics used to restore functional vision of a blind user.