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Artificial Retina Market

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Artificial retina market 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.
Artificial Retina Market Growing Rapidly Due To Rising Innovation By 2026
Artificial retina market 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 mainly nanorod
carbon nanotube biomimetic films along with accessory devices such as transmitter and video
processing unit (VPU). As such progressive development towards artificial retina is expected to
create high ROI for engaged in early development of the product. A lot of players in the
artificial retina market are making major investments in R&D activities related to the same.
These devices are expected to cater to various visual impaired conditions ranging from agerelated macular degeneration (AMD) to retinispigmentosa (RP). As per independent estimates, in
2016, there were over 100,000 people suffering from RP in the U.S. Advent of this novel
technology could unlock the market opportunities for players. A major breakthrough in this
regard was in 2013, when the U.S. FDA approved Argus II Retinal Prosthesis System—the first
implanted device to treat population with RP. The market for such revolutionary products is
expected to be shaped by various regulatory norms worldwide.
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Artificial Retina Market Dynamics
Product innovation is a key artificial retina market trend. The ophthalmic industry has become
more competitive over the last few years. Established ophthalmic product categories have
become more mature, in turn offering low level of market opportunity for players. Most
companies are emphasizing on price level strategy in order to enhance their business presence
worldwide. However, the pricing trend could potentially benefit the company on a shorter scale
during the forecast period. Most major players stand to gain from investing in R&D activities to
capitalize on long-term lucrative opportunities due to patent products and innovative
technologies. In recent times, the artificial retina market has also witnessed the emergence of
various startups especially in the high growth markets for U.S. and Israel. Artificial retina
would 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 alike is expected to drive growth of the
eye care market in the near future. As per the statistics released by the U.S. government, the
healthcare sector is expected to contribute around 20% towards the overall GDP. Moreover,
there has been increase in healthcare spending owing to implementation of Medicare and
Obamacare in the country. A similar trend is observed in Europe, albeit at a relatively slower
pace.
Report includes chapters which deeply display the following deliverable about industry:
• Artificial Retina Market Research Objective and Assumption
• Artificial Retina Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Artificial Retina 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 Artificial Retina Market, By Regions
• Artificial Retina Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Artificial Retina Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Artificial Retina 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.
• Artificial Retina Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Some of the key players in the global artificial retina market are Nano-Retina, Second Sights,
and Optobionics.
Table of Contents of Artificial Retina Market Market Report:
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8.
Research Objective and assumption
Market Purview
Market Dynamics, Regulations, and
Artificial Retina Market Market, By
Artificial Retina Market Market, By
Artificial Retina Market Market, By
Artificial Retina Market Market, By
Competitive Landscape
Trends Analysis
Advanced Water Meters, 2018 - 2026 (USD Million)
Service, 2018 - 2026 (USD Million)
Solution, 2018 - 2026 (USD Million)
Regions, 2018 - 2026 (USD Million)
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Artificial Retina Market Regional Analysis
North America and Europe are expected to dominate the overall artificial retina market
throughout the forecast period (2016–2024). This is primarily attributed to robust healthcare
infrastructure and high spending on healthcare R&D in these regions. The healthcare industry in
North America is undergoing major transformation following the implementation 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. Advancements in development of artificial retina is projected to create lucrative
growth opportunities for market players in the region. Most of the countries in Europe and
North America have healthcare spending of over 10% of overall GDP.
Asia Pacific is projected to emerge as the next big market for industry players. The region is
home to over 55% of the global visually impaired population. The rate of RP is highest in Asia
Pacific compared to other regions. However, the artificial retina market in the region is
projected to grow at relatively slower pace through the forecast period. The region is expected
to be primarily driven by high demand in Japan, followed by China and India, respectively.
About Coherent Market Insights
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syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential absolute
dollar opportunity.
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Author
Alex Huge
Alex Huge414   documents Email
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