Global Artificial Eye Market, By Product (Integrated, Semi-Integrated, Non-Integrated), Technology (Electronic, Mechanical), End-Use (Hospitals, Ambulatory Surgical Centers, Others), Type (Moulded Prosthesis, Cosmetic Shell), Shell Type (Single Shell, Double Shell), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The artificial eye market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4,652.91 million and grow at a CAGR of 7.43% in the above-mentioned forecast period. Increase in the disposable incomes drives the artificial eye market.
Artificial eye is also referred as visual prosthetic and it is the artificial visual device used to restore the visual function of the patient suffering from complete or partial blindness. Number of devices is available in the market which can cure or improve the eyesight of the patient.
Rise in the number of people suffering from complete or partial blindness is the vital factor escalating the market growth, also increase in the aging population, rise in the prevalence of diseases like diabetes, increase in the number of people suffering from complete or partial blindness and growing prevalence of diabetes and the increasing cases of retinal cancer are the major factors among others driving the artificial eye market. Moreover, growing medical tourism for economical artificial eye implantation procedures and technological developments pertaining to advancement in the artificial eyes and rise in the research and development activities in the market will further create new opportunities for artificial eye market in the forecasted period of 2021-2028.
However, high cost of the treatment and availability of cheap alternative treatment are the major factors among others which will obstruct the market growth, and will further challenge the growth of artificial eye market in the forecast period mentioned above.
The artificial eye market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the artificial eye market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Artificial Eye Market Scope and Market Size
The artificial eye market is segmented on the basis of product, technology, end-use, type and shell type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the artificial eye market is segmented into integrated, semi-integrated and non-integrated.
- Based on technology, the artificial eye market is segmented into electronic and mechanical.
- Based on end-use, the artificial eye market is segmented into hospitals, ambulatory surgical centers and others.
- Based on type, the artificial eye market is segmented into moulded prosthesis and cosmetic shell.
- The artificial eye market is also segmented on the basis of shell type into single shell and double shell.
Artificial Eye Market Country Level Analysis
The artificial eye market is analysed and market size insights and trends are provided by country, product, technology, end-use, type and shell type as referenced above.
The countries covered in the artificial eye market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the artificial eye market due to rise in the product innovations, increase in the presence of leading players, rise in the favorable reimbursement policies and high adoption of artificial eye surgeries in this region. Europe is the second largest region in terms of growth in artificial eye market due to rise in the development activities, increased healthcare spending per person, and government support in this region. Asia-Pacific is the expected region in terms of growth in artificial eye market due to large patient pool, and rise in the product awareness due to medical conferences in this region.
The country section of the artificial eye market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The artificial eye market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for artificial eye market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial eye market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Artificial Eye Market Share Analysis
The artificial eye market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial eye market.
The major players covered in the artificial eye market report are Advanced Artificial Eyes, Erickson Laboratories, F.AD. Müller Söhne GmbH & Co. KG, Second Sight, Studley Ocular Laboratories, Irises Unlimited, Ferdinand A. Förster GmbH, Neu Micromed International Pvt. Ltd, International Prosthetic Eye Center, PIXIUM VISION, Second Sight and Market Scope, LLC. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.