Bionic Eye Comes to Market with a Boom | In reports

Bionic eye is also referred as visual prosthetic. It is the artificial visual devices use to restore the visual function of the patient suffering from complete or partial blindness. Many devices and surgeries are developed so as to cure the blindness of the people. Global bionic eye market is driven by increasing number of people suffering from complete or partial blindness. Furthermore, increasing complications of eye due to ageing is another factor for the growth of the market. According to WHO, approximately 250 million people of 50 years age are visually impaired. In many of the developing countries mare than 80 % of people are suffering from eye sight problems while nearly 50% of people did not able to take a proper treatment due to financial conditions. Increasing prevalence of diseases affecting eye sight, technological development and increasing prevalence of diseases like diabetes is also contributed in the growth of the market.

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As per study the global bionic eye market is growing at a CAGR of 9.8% during forecasted period 2017-2023. The use of bionic eye has increased significantly in the past few years, due to increased consumer preference for the industry. The rate of eye related disorders and ailments have been on the rise in the recent year which have necessitated the use of bionic eyes, thereby boosting market growth. Better qualities of bionic eyes have been key to facilitating the market growth of the sector in the forecast period. Easy availability of raw materials have ensured creation of a superior quality product, which has increased the demand and acceptance rate of bionic eyes over prosthetic.

Top Key Players for Global Bionic Eye Market:
Retina Implant AG (Germany), Second Sight (US), Bionic Vision Australia (Australia), The Bionic Eye (UK), Pixium Vision (France), iBionics (Canada)

Segments for Global Bionic Eye Market:
Global bionic eye market is segmented on the basis of type into external eye and implanted eye. External eye is further sub segmented into retinal prosthesis and microsystem-based visual prosthesis (MIVP). On the basis of technology they are segmented into electronic and mechanical and on the basis of end user he market is segmented into hospitals, clinics and others.

Regional Analysis of Global Bionic Eye Market:
Considering the global scenario of the market, due to continuous innovation and rapid adoption of new technology, America dominates the global bionic eye market. Development in technology and increasing people suffering from eye sight problem due to increasing prevalence of diabetes has driven the growth of the market. Europe commands the second largest market for the bionic eye which is followed by Asia Pacific.

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Some of Major Table of Content for Global Bionic Eye Market:

TABLE OF CONTENTS

Chapter 1. INTRODUCTION

Chapter 2.
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY

Chapter 3.
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS

3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY

.....TOC Continued

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