The global bionic eye market is projected to reach USD 360 million by 2028, growing at a CAGR of 12.8%. Increasing occurrence of vision loss, development of new healthcare facilities in evolving economies and increasing clinical trials are some of the factors driving the growth of the global bionic eye market.
Adroit Market Research report on global Bionic eye market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global Bionic eye market have been studied in detail.
Prosthetics have played important role in restoring the damaged parts of the body like limbs, heart, kidney, pancreas etc. But in case of human eyes the visual signals can be captured by other means and transferred to the human brain this is the possible way by which the vision can be restored. That can be done by the help of bionic eye or artificial eye. The devices are designed to mimic the retina or the function of the human eye. There are several methods like chips can be developed to mimic the function of the retina and this chip can be embedded into the eye by the help of microsurgery. Now the scientist have made it possible to integrate the electronics and engineering with the biotechnology that provide the artificial vision. In this process of bionic eye development all have played an important role in the development of the device, whether a biomedical, computer, electronics, mechanical or any other. This bionic eye has the ray of hope for the blind. Development of this device adds life to the blind people around the world.
The global bionic eye market is categorized based on technology, type and end-use. On the basis of type, the market is segmented into external eye, and implanted eye. The external eye segment dominated the market in 2020 due to increasing prevalence of age-related vision loss.
North America dominated the market for bionic eye in 2019, while Asia Pacific is set to grow at a highest CAGR due to improving income levels and rising awareness regarding eye implants. Key players of the global bionic eye market include Second Sight Medical Products LLC, Nano Retina Ltd., Nidek Co. Ltd., MetaModal LLC, Bionic Vision Technologies, Biomedical Technologies S.L., Monash Vision Group and Pixium Vision among others.
Key segments of the global bionic eye market
Technology Overview, 2018-2028 (USD Million)
Type Overview, 2018-2028 (USD Million)
- External Eye
- Implanted Eye
End Use Overview, 2018-2028 (USD Million)
- Ophthalmic Clinics
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Middle East & Africa