Retinal Implant Market is expected to reach USD 74.7 million by 2026. A retinal implant is also termed as “the Argus® II retinal prosthesis system” or “bionic eye”. These implantable devices are planned to supplant photo transduction within the eyes of persons with major retinal illnesses such as age-related macular degeneration or retinitis pigmentosa. The retinal implant market is estimated to grow at a CAGR of 10.6% over the forecast period as the scope and its applications are rising enormously across the globe.
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Market Synopsis of Retinal Implant Market:
The factors that are playing a
major role in the growth of retinal implant market are rising occurrence of
degenerative conditions, increasing disposable income in emerging countries,
growing aging population, and development of enhanced and efficient technology.
However, the high cost of research, lack of trained personnel's, and
development and lack of medical reimbursement are the factors that may restrain
overall market growth in the years to come. Retinal implant industry is
segmented based on type, device type, application, and region.
Suprachoroidal implants,
epiretinal implants, and subretinal implants are the types that could be
explored in the retinal implant in the forecast period. Alpha IMS, Argus II,
and an implantable telescope are the device types that could be explored in the
retinal implant in the forecast period.
The market may be categorized
based on applications like total blindness, retinal degenerative diseases, and
others that could be explored in the forecast period. The retinal degenerative
sector accounted for the substantial market share of the retinal implant and is
estimated to lead the overall market in the years to come.
Globally, North America accounted
for the significant market share of the retinal implant and is estimated to
lead the overall market in the years to come. The reason behind the overall
market growth could be developed infrastructure, growing eye-related diseases,
and rising use of technologically enhanced devices. The United States is a
major consumer of the retinal implant in this region. Instead, Europe and the
Asia Pacific are also estimated to have a positive influence on the future
growth.
Europe is the second largest
region with significant market share. However, Asia Pacific is estimated to
grow at the highest CAGR in the forecast period. The aspects that may be
ascribed to the growth comprise growing geriatric population, growing awareness
among consumers regarding eye care, growing number of patients suffering from
retinitis pigmentosa (RP) and age-related macular degeneration (AMD), and
developing healthcare infrastructure. The developing countries like India and
China are the major consumers of the retinal implant in this region.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Retinal Implant: Market
Variables, Trends & Scope
Chapter 4 Retinal Implant:
Product Estimates & Trend Analysis
Chapter 5 Retinal Implant:
Application Estimates & Trend Analysis
Chapter 6 Retinal Implant:
End-use Estimates & Trend Analysis
Chapter 7 Retinal Implant:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Retinal Implant:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Retinal Implant:
Manufacturers Company Profiles
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