Retinal Prosthesis Market Size by Type (Argus II, Implantable Miniature Telescope), By Application (People with Partial Blindness, People with Complete Blindness, Retina Implant Alpha AMS), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
Retinal implants are biomedical microchips designed to produce visual perception to people who have lost vision due to chronic eye diseases like retinitis pigments and age-related macular degeneration.
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Major Players
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
6
REPORT DESCRIPTION
Retinal implants are biomedical microchips designed to produce visual perception to people who have lost vision due to chronic eye diseases like retinitis pigments and age-related macular degeneration. These conditions cause slow degeneration of photoreceptor cells in the retina of human eyes, leading to gradual loss of sight. However, a number of the inner retinal neurons capable of transmitting signals from photoreceptors to the brain are preserved in most cases. Electrical stimulation of these remaining retinal neurons with the help of retinal implants, that are basically microchips containing an array of light-sensitive diodes capable of converting incident light into electrical signals, will help reintroduce some vision to patients.
Biocompatibility and long stability of the material used for making retinal implants are the main challenges within the global retinal implants market. These technical challenges have induced manufacturers and researchers to explore the utilization of latest materials and mixtures that will be best suited for human eyes. This issue acts as a serious restraint of the market still as a major opportunity for medical device manufacturers and researchers.
Market Insights
The global Retinal Prosthesis market is segregated on the basis of Type as Argus II and Implantable Miniature Telescope. Based on Application the global Retinal Prosthesis market is segmented in People with Partial Blindness, People with Complete Blindness, and Retina Implant Alpha AMS.
The global Retinal Prosthesis market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Retinal Prosthesis market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Philips Healthcare, Retina Implant, Second Sight Medical Products, Bionic Eye Technologies, Bionic Vision Australia, Vision Care Ophthalmic Technologies, Abbott Vascular and others are among the major players in the global Retinal Prosthesis market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Retinal Prosthesis Market has been segmented as below:
Retinal Prosthesis Market, By Type
Retinal Prosthesis Market, By Application
Retinal Prosthesis Market, By Region
Retinal Prosthesis Market, By Company
The report covers:
Report Scope:
The global Retinal Prosthesis market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Retinal Prosthesis market share. Major industry players with significant revenue share include Philips Healthcare, Retina Implant, Second Sight Medical Products, Bionic Eye Technologies, Bionic Vision Australia, Vision Care Ophthalmic Technologies, Abbott Vascular, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Retinal Prosthesis Market, By Type
5.1 Introduction
5.2 Argus II
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Implantable Miniature Telescope
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6. Retinal Prosthesis Market, By Application
6.1 Introduction
6.2 People with Partial Blindness
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 People with Complete Blindness
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Retina Implant Alpha AMS
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Retinal Prosthesis Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Retinal Prosthesis, By Type
7.2.2 North America Retinal Prosthesis, By Application
7.3 Europe
7.3.1 Europe Retinal Prosthesis, By Type
7.3.2 Europe Retinal Prosthesis, By Application
7.4 Asia-Pacific
7.4.1 Asia-Pacific Retinal Prosthesis, By Type
7.4.2 Asia-Pacific Retinal Prosthesis, By Application
7.5 Rest of the World
7.5.1 Rest of the World Retinal Prosthesis, By Type
7.5.2 Rest of the World Retinal Prosthesis, By Application
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Philips Healthcare
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Retina Implant
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Second Sight Medical Products
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Bionic Eye Technologies
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Bionic Vision Australia
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Vision Care Ophthalmic Technologies
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Abbott Vascular
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
The Retinal Prosthesis Market has been segmented as below:
Retinal Prosthesis Market, By Type
Retinal Prosthesis Market, By Application
Retinal Prosthesis Market, By Region
Retinal Prosthesis Market, By Company
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