New York, August 31, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of Global Bionic Eye Market, By Type, By Technology, By End User, By Region, Company Forecast & Opportunities, 2026 – https://www.reportlinker.com/p06131075/?utm_source=GNW
The global market for bionic eyes is expected to grow significantly during the forecast period. The increasing prevalence of vision loss or blindness is the main reason for the high demand for bionic eyes.
The use of bionic eyes has led to positive clinical results, increasing the acceptance of bionic eyes in healthcare settings. Bionic eyes are safe, reliable, and effective for long-term use.
Bionic eyes are also used in vision restoration for people with rare and degenerative eye diseases. The majority of bionic eye technology in development requires a healthy optic nerve and a developed visual cortex, stating that patients must have a history of vision for these devices to function properly.
An increase in the incidence of hereditary blindness such as retinitis pigmentosa results in loss of vision due to damage to the photoreceptors, but leaves the majority of retinal cells intact. Cases of traumatic eye injuries or glaucoma, which permanently damage the visual pathways and the optic nerve, are increasing. The increase in the number of elderly people suffering from vision loss and macular degeneration, and the number is expected to increase significantly, requires effective treatment of the eyes. Ongoing research and development to develop novel products to restore vision in the blind and extensive funding from leading government agencies are expected to accelerate the growth of the bionic eye market. The United States’ strong economic position and well-developed healthcare infrastructure are expected to be a major contributor to the growth of the bionic eye market.
The global Bionic Eyes Market is segmented into Type, Technology, End-User, Regional Distribution, and Company. Depending on the type, the market can be further divided into implants and external.
The external eye segment is expected to be a large marker for the forecast period 2022-2026 as it significantly improves eyesight. It is expected that the increasing prevalence of age-related vision loss, which leads to blurred vision, will accelerate the adoption of bionic eyes.
The major players in the global bionic eyes market are Second Sight Medical Products Inc., Nidek Co. Ltd., Nano Retina Ltd., MetaModal LLC, Biomedical Technologies SL, Bionic Vision Technologies, Pixium Vision SA, Monash Vision Group, iBionics, Optobionics Corporation, among others. Large companies develop advanced technologies and introduce new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service developments.
Years considered for this report:
Historic years: 2016-2019
Base year: 2020
Estimated year: 2021
Forecast period: 2022-2026
The aim of the study:
• To analyze the historical growth of the market size of the global Bionic Eye Market from 2016 to 2019.
• Estimation and forecast of the market size of the global Bionic Eyes Market from 2020-2026, and the growth rate through 2026.
• Classify and forecast the global Bionic Eyes Market by type, technology, end-user, regional distribution, and company.
• To identify a dominant region or segment in the global Bionic Eye Market.
• Identify drivers and challenges for the global bionic eye market.
• To study competitive developments such as expansions, product launches, mergers and acquisitions, etc. in the global Bionic Eye Market.
• To identify and analyze the profile of leading players in the global Bionic Eyes Market.
• Identify the key sustainable strategies that are being adopted by market participants in the global Bionic Eyes Market.
The analyst conducted both primary and extensive desk research for this study. First, the analyst compiled a list of manufacturers around the world.
The analyst then conducted primary research on the identified companies. As part of the interviews, the respondents were also asked about their competitors.
This technique would allow the analyst to include those manufacturers who could not be identified due to the limitations of desk research. The analyst examined the manufacturers, distribution channels and the presence of all major players worldwide.
The analyst calculated the market size of the global Bionic Eye Market using a bottom-up approach that collects data for various end-user segments and forecast for the years to come. The analyst has obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these product types and applications to obtain an appropriate overall market size.
The analyst also examined various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.
Most important target group:
• Manufacturer of bionic eyes
• Market research and consulting company
• Government agencies such as regulators and policy makers
• Organizations, forums and alliances related to the bionic eye market
The study is useful in providing answers to several critical questions important to industry stakeholders such as manufacturers, suppliers and partners, end users, etc., and enables them to plan investments and seize market opportunities.
In this report, the Global Bionic Eyes Market has been segmented into the following categories in addition to the industry trends listed below:
• Global Bionic Eyes Market By Type:
• Global Bionic Ophthalmic Market by Technology:
• Global Bionic Eyes Market By End User:
o eye clinics
• Global Bionic Eyes Market by Region:
o North America
or Asia Pacific
o Middle East & Africa
United Arab Emirates
o South America
Company Profiles: In-depth analysis of the key companies in the global Bionic Eyes Market.
With the given market data, we offer adjustments to the specific needs of a company. The following customization options are available for the report:
• Detailed analysis and profiling of additional market participants (up to five).
Read the full report: https://www.reportlinker.com/p06131075/?utm_source=GNW
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