Global Retinal Prosthetics Market
Market Size in USD Billion
CAGR :
%

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2025 –2032 |
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USD 271.31 Million |
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USD 644.39 Million |
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Global Retinal Prosthetics Market Segmentation, By Retinal Implants Type (Retina Implant Alpha AMS, Implantable Miniature Telescope, Argus II, and Others), Application (People with Partial Blindness, People with Complete Blindness, Retina Implant Alpha AMS, and Others), End User (Hospitals, Outpatient Facilities, Research & Manufacturing, and Others) – Industry Trends and Forecast to 2032
Global Retinal Prosthetics Market Analysis
The global retinal prosthetics market is anticipated to grow over the forecast period due to the development of various products that are expected to be launched in the next 4-5 years, as well as an increase in the prevalence of retinal diseases like retinitis pigmentosa and diabetic retinopathy. For instance, a study published by the National Library of Medicine in August 2022 revealed that retinal dystrophy affects 1 in every 4,000 individuals in the U.S., making it the most common inherited retinal disorder. As a result, the rising incidence of retinitis pigmentosa is likely to drive the market's expansion during the forecast period.
In addition, technological advancements and increased research and development efforts by key players in the market are expected to contribute significantly to its growth during the forecast period. For instance, PIXIUM VISION, a company specializing in bionic vision systems, is developing the PRIMA sub-retinal implant and the IRIS II implant, the only epi-retinal implant with 150 electrodes, aimed at patients who have lost their vision due to retinitis pigmentosa (RP). Similarly, Axorus, a French company, is focused on developing a sub-retinal implant for patients suffering from age-related macular degeneration and retinitis pigmentosa. As a result, the growing investment in research and development is likely to drive the expansion of the artificial retina market in the coming years.
Global Retinal Prosthetics Market Size
The global retinal prosthetics market size was valued at USD 271.31 million in 2024 and is projected to reach USD 644.39 million by 2032, with a CAGR of 11.40% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Retinal Prosthetics Market Trends
“Rising Prevalence of Vision Impairment and Technological Innovations”
The growing geriatric population, which is more susceptible to eye diseases, is a key factor driving the expansion of the artificial retina market during the forecast period. For instance, a review article titled "Macular Degeneration" published by the National Library of Medicine in August 2022 states that age-related macular degeneration (ARMD) is the leading cause of blindness in developed nations, especially among individuals over 60 years old. The article further reports that ARMD accounts for 8.7% of global blindness cases. In addition, a study published in Geriatric Ophthalmology in January 2021 highlighted that 3.6 million individuals, or 18% of those over 70, suffer from vision impairment. This demographic trend is expected to contribute to a higher compound annual growth rate (CAGR) for the market during the forecast period. Moreover, technological advancements and increased research and development efforts by key players in the market are further driving its growth. For instance, PIXIUM VISION, a company specializing in bionic vision systems, is working on the development of the PRIMA sub-retinal implant and the IRIS II, an epi-retinal implant featuring 150 electrodes, designed for patients with retinitis pigmentosa (RP). Similarly, the French company Axorus is developing retinal implants for patients suffering from age-related macular degeneration and retinitis pigmentosa. These ongoing research and development activities are expected to significantly boost revenue growth in the retinal implants market during the forecast period.
Report Scope and Global Retinal Prosthetics Market Segmentation
Attributes |
Global Retinal Prosthetics Market Insights |
Segments Covered |
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Countries Covered |
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 |
Key Market Players |
Labtician Ophthalmics, Inc. (Canada), Aetna Inc. (U.S.), LambdaVision, Inc. (U.S.), NIDEK CO. LTD. (Japan), Optobionics (U.S.), Bionic Vision Technologies (Australia), Vivani Medical Inc. (U.S.), Altris, Inc (U.S.), Intelligent Implants (Netherlands), Medtronic (Ireland), Axorus (France), Bionic Vision Technologies (Australia), Koninklijke Philips (Netherlands), Second Sight Medical Products Inc. (U.S.), and Abbott (U.S.) |
Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. |
Global Retinal Prosthetics Market Definition
Retinal prosthetics are advanced medical devices designed to restore partial vision to individuals who have lost their sight due to retinal degenerative conditions such as retinitis pigmentosa or age-related macular degeneration. These devices work by replacing the function of damaged photoreceptor cells in the retina with electronic components that can convert light into electrical signals. These signals are then transmitted to the brain via the optic nerve, enabling the perception of visual information.
Global Retinal Prosthetics Market Dynamics
Drivers
- Approved Devices for Restoring Vision
Approved devices for restoring vision, such as retinal implants, combine advanced technologies like electrodes, camera chips, lenses, and software to help patients with severe retinal diseases regain partial sight. These devices work by converting visual information into electrical signals, which are then transmitted to the brain, bypassing the damaged retina. For instance, the Argus II retinal prosthesis uses a small implantable telescope that allows patients to perform everyday tasks like reading, walking, and recognizing objects. This device is designed to be user-friendly and helps restore a degree of functional vision, improving the quality of life for individuals with retinal conditions like retinitis pigmentosa. One of the key advantages of these approved devices is their ability to provide long-term functionality without the need for frequent surgeries. The durability and effectiveness of these implants ensure that patients can continue to benefit from improved vision over time. As a result, the ongoing development and approval of advanced retinal implants are expected to drive significant growth in the market, offering new hope for people with degenerative eye diseases.
- Growing Geriatric Population and Rising Disposable Income
The retinal implant market is projected to experience growth during the forecast period, driven by a growing aging population and rising disposable income in emerging economies such as Japan, China, and India. In addition, increased healthcare investments from both governments and the private sector, along with efforts by major market players to expand into underserved regions, are expected to further contribute to the market's expansion.
Opportunities
- New Product Launches in Retinal Prosthetics Market
Companies are focusing on innovations aimed at improving the functionality and effectiveness of retinal implants, creating opportunities for growth in the market. For instance, advancements in miniaturized implants, improved electrode technology, and the integration of new software systems offer significant potential to restore vision more effectively for patients with retinal diseases. Moreover, as regulatory approvals for new devices increase and technology continues to evolve, new product launches are expected to further expand the market reach, addressing the needs of underserved populations and providing better treatment options for patients worldwide.
- Technological Advancements Driving Market Growth
Miniaturization of implants refers to the process of making retinal implants smaller and more compact, which leads to several key benefits. With smaller implants, surgical procedures become less invasive, reducing the risk of complications and the recovery time for patients. These compact devices can be implanted with greater precision, ensuring better placement and overall effectiveness. In addition, smaller implants offer improved comfort for patients, as they are less likely to cause irritation or discomfort. The reduced size also allows for better integration with the natural anatomy of the eye, leading to a more seamless and natural visual experience. As technology advances, further miniaturization is expected, enabling retinal implants to be more efficient, affordable, and accessible to a broader patient population.
Restraints/Challenges
- Challenges of Complex Surgery in Ophthalmology
The global retinal implants market faces several significant challenges, including the complexity of the surgical procedure, varying biological responses to implanted foreign objects, and the high costs associated with the treatment. Implant surgeries are intricate, requiring a high level of expertise, specialized training, and advanced equipment, making the procedure demanding for both surgeons and patients. In addition, people's unique biological reactions to foreign materials, such as the possibility of rejection or complications, can affect the success of the implant, making patient selection a critical factor in ensuring positive outcomes. High procedure costs further limit accessibility, particularly in developing regions, where healthcare budgets may be constrained. The adoption of retinal implants also depends on the availability of qualified medical professionals who can perform these complex surgeries. Unfortunately, in some regions, there is a shortage of trained experts, which hampers the demand for retinal implants.
- High Costs Impacting Market Accessibility
The expenses involved in retinal implant surgeries are considerable, covering not only the price of the device itself but also the cost of the surgical procedure and the necessary postoperative management. The technology used in these implants, along with the expertise required to perform the surgery, contributes to the high cost. This can make the treatment unaffordable for a significant portion of the population, particularly in developing countries where healthcare systems are underfunded. Even in developed regions, patients without sufficient insurance coverage may find these procedures prohibitively expensive. The high cost limits the accessibility of retinal implants, restricting the number of patients who can benefit from this life-changing technology. Furthermore, the long-term nature of postoperative care and follow-up treatments adds to the financial burden. These factors combine to create a significant obstacle for widespread adoption, preventing many individuals from accessing potentially sight-restoring treatments.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Retinal Prosthetics Market Scope
The market is segmented on the basis of retinal implants type, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Retinal Implants Type
- Retina Implant Alpha AMS
- Implantable Miniature Telescope
- Argus II
- Others
Application
- People with Partial Blindness,
- People with Complete Blindness
- Retinal Implant Alpha AMS
- Others
End User
- Hospitals,
- Outpatient facilities,
- Research And Manufacturing
- Others
Global Retinal Prosthetics Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, retinal implant type, application, and end user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the market due to the presence of key players such as Altris, Inc., Optobionics, LambdaVision, Inc., and Vivani Medical Inc., along with advancements in artificial retina manufacturing technology. In addition, the growing aging population, which is particularly vulnerable to conditions like age-related macular degeneration, macular holes, and retinal detachment, contributes to market growth. The region’s well-established reimbursement systems that help reduce financial burdens also support the expansion of the market.
Asia-Pacific region is expected to be fastest growing region due to an expanding senior population and increased disposable incomes. In addition, rising healthcare investments from both the government and private sectors are expected to further support market development. Efforts by key players to enter new and underserved regions will also play a significant role in expanding the market. As these factors combine, the Asia-Pacific region is set to experience substantial growth in the retinal implant sector.
The country section of the 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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Global Retinal Prosthetics Market Share
The 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 market.
Global Retinal Prosthetics Market Leaders Operating in the Market Are:
- Labtician Ophthalmics, Inc. (Canada)
- Aetna Inc. (U.S.)
- LambdaVision, Inc. (U.S.)
- NIDEK CO. LTD. (Japan)
- Optobionics (U.S.)
- Bionic Vision Technologies (Australia)
- Vivani Medical Inc. (U.S.)
- Altris, Inc (U.S.)
- Intelligent Implants (Netherlands)
- Medtronic (Ireland)
- Axorus (France)
- Bionic Vision Technologies (Australia)
- Koninklijke Philips (Netherlands)
- Second Sight Medical Products Inc. (U.S.)
- Abbott (U.S.)
Latest Developments in Global Retinal Prosthetics Market
- In February 2024, Researchers at Yonsei University introduced a flexible retinal prosthesis with ultrathin phototransistor arrays and liquid metal electrodes. This design minimizes tissue damage and provides a safer, more versatile solution for vision restoration in degenerative retinal conditions
- In February 2022, Researchers at Stanford showcased a retinal chip paired with specialized glasses that restored central vision in patients with macular degeneration, providing clear and undistorted images. This breakthrough offers hope for restoring functional vision to 200 million people globally
- In July 2022, Nidek Co., Ltd. acquired a 90% stake in Nidek Medical S.R.L., aiming to strengthen their relationship and expand their market presence in the retinal implants market and other ophthalmic sectors
- In June 2020, LambdaVision, an innovative biotechnology firm, received a Phase II Small Business Innovation Research (SBIR) award from NASA, valued at $750,000 over two years. The support will help advance the development of a protein-based artificial retina
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