Artificial Retina Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Global 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 -Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis2012-2016 and Forecast 2017-2023
Market Outline: Artificial Retina Market
Artificial retina is the medical device consists an array of microelectrodes. These devices are implanted into eyes of people those are blind due to the retinal disease. These devices are used in the retinal degenerative disease that causes the damage of photoreceptor cells of retina and leads to complete vision loss. Majorly occurring retinal degenerative diseases include retinitis pigmentosa and age-related macular degeneration. Retinal implants are made up of carbon nanotube biomimetic film with a transmitter and video processing units. These devices restore the vision by capturing light, convert into electrical signals and form an image by stimulating the neurons in retina.
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Market Dynamics: Artificial Retina Market
Drivers:
• Increase in the prevalence of vision impaired patients coupled with rise in geriatric population
• Rise in R&D for the innovation of newer devices
• Government support for the R&D activities for the innovation of newer devices
Restraints:
• Stringent regulatory policies for product approval
• High cost of artificial retina treatment
• High R&D expenditure
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Market Scope: Artificial Retina Market
Artificial retina market is segmented on the basis of implant type, disease type, end user, and region
Based on the implant type, artificial retina market is segmented into the following:
• Epiretinal Implants
• Subretinal Implants
Based on the disease type, artificial retina market is segmented into the following:
• Retinitis Pigmentosa
• Age-related Macular Degeneration
• Others
Based on the end user, artificial retina market is segmented into the following:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
Based on the region, artificial retina market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competition Assessment: Artificial Retina Market
Some of the players in the global artificial retina market include:
• Nano Retina (Israel)
• Second sight Medical Products, Inc. (U.S.)
• Retina Implant AG (Germany)
• Optobionics (U.S.)
• Intelligent Medical implants (Germany)
• Nidek co. Ltd. (Japan)
• Bionic Vision (Australia)
• Pixium Vision (France)
Notable Market Developments: Artificial Retina Market
• In October 2017, Pixium Vision received French approval for Prima sub-retinal implant study in patients with advanced dry age-related macular degeneration
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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