Visual Prosthesis Market Key Players, Supply Chain and Analysis and Key Players :- Optobionics (U.S), SECOND SIGHT (U.S), Intelligent Implants GmbH (Germany), Retina Implant AG (Germany), PIXIUM VISION. (France)..
A visual prosthesis, also known as a bionic eye, is a visual device intended to restore functional vision in people suffering from partial or total blindness. It deals with a common tool in which a user could simply collaborate through the entire application lifespan by permitting fast or quick resolution of issues. Visual prosthetics are developed as a potentially valuable aid for individuals with a vision problem. This technology supports the advancement in medical care system by contributing in the precision and perfection of the diagnostics output. Visual prosthesis makes use of integrated tools to hold the entire sorting of consumers and healthcare professionals, and medical device providers and hence results in enhanced care quality, improved patient engagement, and reduction in healthcare cost and expenditure. Many health care specialists recommend that through visual prosthesis, programmed health assessments could be carried out electronically and virtually. The terrestrial obstructions could be resolute with this technology by making it possible to diagnose patients away from the diagnostic center and clinics.
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According to a report of World Health Organization or WHO (2017), an estimated 253 million individuals live with vision impairment, among these 253 million, 36 million have lost their vision or are blind and 217 million have severe to moderate vision defect. In addition, 81% of blind people or who have moderate or severe vision defects are of age 50 years and above. This large population base with impaired vision could be a major factor in the market growth in the upcoming years.
The major key drivers boosting the market growth of visual prosthesis are increasing awareness related to daily eye care diagnostics and treatment, rising prevalence of retinal diseases among the aging population.
However, the new market rivals often scale up at a rapid pace offering lower cost could hamper the future market growth. While, various expertise technology firms are capitalizing significantly in this market, which could provide this market and opportunity to grow further.
Top Key Players of Visual Prosthesis Market :-
Optobionics (U.S), SECOND SIGHT (U.S), Intelligent Implants GmbH (Germany), Retina Implant AG (Germany), PIXIUM VISION. (France), Bionic Vision Australia (Australia), NeoStrata (U.S), iBionics (Canada).
Market Segment By Type :-
Cortical Implants, Optic Nerve Implants, Retina Implant Alpha Ams, Argus Ii Retinal Prosthesis System and Others.
Market Segment By Applications :-
Specialty eye clinics, Eye hospitals, Eye care centers, Others (Eye Care Research Organizations and Institutes).
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What are the key dynamic factors that are detailed in the report?
Key Market Dynamics: The Global Visual Prosthesis Market research report details the latest industry trends, growth patterns, and research methodologies. The factors that directly contribute to the growth of the market include the production strategies and methodologies, development platforms, and the product model itself, wherein a small change would result in further changes in the overall report. All of these factors are explained in detail in the research study.
Market Outlook: The report also sheds light on some of the major factors, including R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of the key industry participants, on a regional and global basis.
Major Features: The report provides a thorough analysis of some of the significant factors, which include cost, capacity, capacity utilization rate, production, revenue, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Besides, the report provides a comprehensive study of the key influencing factors and market inclinations, in addition to the relevant market segments and sub-segments.
Analytical Tools: The Global Visual Prosthesis Market report consists the precisely studied and evaluated information of the key players and their market scope using several analytical tools, including SWOT analysis, Porter’s five forces analysis, investment return analysis, and feasibility study. These tools have been used to efficiently study the growth of the major industry participants.
Potential Customers: The report offers detailed insights to users, service providers, suppliers, manufacturers, stockholders, and individuals who are interested in evaluating and self-studying this market.
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