Bionic Eye Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Bionic Eye Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5385
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Market Overview:

The global bionic eye market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The bionic eye is a visual prosthetic device used for restoring vision in a defective eye with complete or partial blindness. It consists of a camera and microelectrodes that are surgically placed in or near the eye and is connected to the optic nerve to transmit impulses to the brain. The bionic eye converts the light into a high-contrast representation, a portion of which is transmitted for further processing. Electrical stimulation through the surviving optic nerves enables the individual to perceive small spots of light or phosphenes, which are converted to images, thereby enabling the individual to see.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Bionic Eye Market Trends:

The increasing prevalence of macular degeneration and other eye-related disorders across the globe is one of the key factors driving the growth of the market. The eyesight is further aggravated in patients suffering from conditions, such as diabetes, cardiovascular disorders (CVDs) and obesity, thereby positively impacting the demand for bionic eyes. Moreover, rising awareness among the masses regarding the available treatment alternatives for complete or partial blindness is providing a thrust to the market growth. Various healthcare institutions are also conducting extensive research and development (R&D) activities to improving the efficiency of bionic eyes and reducing the cost of production for mass utilization. Additionally, the development of infrared (IR) and battery-powered bionic eyes is also contributing to the market growth. Other factors, including rising geriatric population, which is more susceptible to chronic eye-related ailments, along with significant improvements in the healthcare infrastructure, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bionic eye market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology and end user.

Breakup by Type:

  • External Eye
  • Implanted Eye
     

Breakup by Technology:

 

 
 

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  • Electronic
  • Mechanical
     

Breakup by End User:

  • Hospitals
  • Ophthalmic Clinics
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AAV Media LLC, Bionic Vision Technologies, iBIONICS, Monash Vision Group, NIDEK Co. Ltd., Pixium Vision and Second Sight Medical Products Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Technology, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AAV Media LLC, Bionic Vision Technologies, iBIONICS, Monash Vision Group, NIDEK Co. Ltd., Pixium Vision and Second Sight Medical Products Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global bionic eye market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bionic eye market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bionic eye market and who are the key players?
  • What is the degree of competition in the industry?

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Bionic Eye Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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