Bionic Eye Market 2023 | Growing with 9.8% CAGR by Top Global Players; Pixium Vision, Second Sight, Bionic Vision Australia, Retina Implant AG, The Bionic Eye, etc

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. While high cost of the treatment may hamper the growth of the market.

Global Bionic Eye Market is growing at a CAGR of 9.8% during forecasted period 2017-2023.

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Key Players for Global Bionic Eye Market

Pixium Vision (France), Second Sight (US), Bionic Vision Australia (Australia), Retina Implant AG (Germany), The Bionic Eye (UK), iBionics (Canada) are a few of the prominent players existing in the industry for the bionic eye market.

Global Bionic Eye Market Competitive Analysis

The corporate strategy of the competitors in the market is focused currently on capitalizing the dynamic pace of technological innovations which have led to plenty of changes both in terms of product development and handling competition. This particular trend has enabled portfolio improvement along with the affinity for diversification in the sector, which has indirectly enabled the players to use the valuable state of dealings available in this industry. The use of these prospects by contenders, who are trying to cultivate their industry stake by intensive expansion can stimulate the expansion of this industry. The companies are also moreover trying to create and capture financial in a suitable manner. This has elevated the potential for the forthcoming growth period significantly. The strategic decision-making process has increased the productivity of companies so that they maintain their company’s liquidity and sustain feasible to take effective choices in terms of strategy designing and implementation.

Bionic Eye Industry Updates:

Dec 2017 iBIONICS which is an Early stage life sciences company which is creating a bionic-eye system to give back vision to people with retinal degenerative diseases. The company has also reached a combined private and public funding goal of US$2.5 million and added $1.5 million further in grants. The firm is also expecting to finalize their additional pre-seed financing in the next two quarters. They have also secured an exclusive worldwide license for their prototype.

Segments for Global Bionic Eye Market

The bionic eye industry is segmented on the basis of type, technology and end user. The type category is divided into implanted eye and external eye. The External eye segment is additionally sub segmented into microsystem-based visual prosthesis (MIVP) and retinal prosthesis. On the basis of technology, the segment includes electronic and mechanical. Finally on the basis of end user the end users are segmented into clinics, hospitals and others. The regions included in the regional segmentation of the market are Europe, Asia Pacific, Latin America, North America and the Middle East & Africa.

Regional Analysis for Global Bionic Eye Market

The regional analysis of the bionic eye market includes Asia Pacific, Europe, North America and rest of the world. The North American region controls the bionic eye industry globally. The advances in technology and increasing number of people suffering from eye sight problem owing to the growing prevalence of diabetes has fuelled the development of the industry. The European region controls the second biggest market for bionic eye which is followed by the Asia Pacific region.

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Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

TOC Continued…

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