Artificial Retina Market Will Generate New Growth Opportunities 2022-2028

The research report "Artificial Retina Market: By Implant Type (Epiretinal Implants, Subretinal Implants),By Disease Type (Retinitis Pigmentosa, Age-related Macular Degeneration, Others), By End Users (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography- Global/Region/Country Forecast to 2028." The global artificial retina market size was valued at USD 21,125.6 Mn in the year 2021, witnessing a CAGR rate of 20.2% during the forthcoming years 2022-2028.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Artificial Retina Market: By Implant Type (Epiretinal Implants, Subretinal Implants),By Disease Type (Retinitis Pigmentosa, Age-related Macular Degeneration, Others), By End Users (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography- Global/Region/Country Forecast to 2028."

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Growing R&D to innovate novel devices is fuelling the Artificial Retina Market
The report on artificial retina market tracks latest innovations, startup's details and key advancements. Plethora of information is also shared through this report about regulatory framework, reimbursement scenario and market entry strategies. Thorough insights into competitor's overview, company share analysis and their key strategies are also covered here. It also depicts market drivers and restraints. This report also outlines unmet needs, drivers, restraints and latest trends presently affecting the market growth.

Artificial retina is a medical device contains a collection of microelectrodes. Such medical device is used in the retinal degenerative illness, which causes the injury of photoreceptor cells of retina and causes complete vision loss. It is implanted into the eyes of people who are blind because of the retinal illness problem. It restores the vision by capturing light, converting into electrical signals as well as forming an image by stimulating the neurons in retina. Retinitis pigmentosa and age-related macular degeneration are a few majorly occurring retinal degenerative illnesses. Carbon nanotube biomimetic film is used in the making of retinal implants with a transmitter and video processing units.

Artificial retina market driving factors include government support to the R&D activities for the innovation of novel devices, growing population and growing R&D to innovate novel devices and increasing prevalence of vision impaired patients. Strict regulatory policies for the approval of product, high R&D expenditure and high price of artificial retina treatment are a few restraints of the artificial retina market.

North America accounted for major share in the Artificial Retina Market
North America got significant share in the artificial retina market. This market is categorized into five major regions such as Asia Pacific, North America, Middle East, Africa, Latin America and Europe. Among all these regions, North America witnessed major share in the global artificial retina market followed by Europe.

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Competitive Analysis - Artificial Retina Market
A few major players operating in the artificial retina market are Nano Retina (Israel), Second sight Medical Products, Inc. (U.S.), Retina Implant AG (Germany), Optobionics (U.S.), Intelligent Medical implants (Germany) and Nidek co. Ltd. (Japan). Key players in the market aim at following key strategies including major collaborations mergers, novel product launches and acquisitions to retain their position in the market. Pixium Vision got French approval for Prima sub-retinal implant study in patients with advanced dry age-related macular degeneration in October 2017.

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