Bionic Eye Market: Visual Prosthetic to Rise at 9.8% of CAGR by 2023

Market Research Future adds new report of “Bionic Eye Market Research Report - Global Forecast to 2023” it contains Company information, geographical data and Table of Content

Competitive Analysis:

• Retina Implant AG (Germany)
• Second Sight (US)
• Bionic Vision Australia (Australia)
• The Bionic Eye (UK)
• Pixium Vision (France)
• iBionics (Canada)

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Market Segmentation:

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

• On the basis of End User he market is segmented into hospitals, clinics

Market Highlight:

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. 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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Study objectives global bionic eye market

• Detail Information about the present and forecasted market with its key players that influences the market on global scale.

• Detail analysis of the market with respect to all the possible segmentation of the market.

• Detail information about the factors affecting the growth of the global bionic eye market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global bionic eye market.

• Analysis of the market of the different factors like- price analysis, supply chain analysis, porters five force analysis etc.

Intended Audience

• Research and Development (R&D) Companies
• Bionic eye manufacturing company
• Government and Independent Research Laboratories
• Government and Independent Regulatory Authorities
• Contract Research Organizations (CROs)
• Medical Research Laboratories
• Academic Medical Institutes and Universities

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Regional Analysis

On regional basis, 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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