Market Overview:
The global bionic eye market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to factors such as the increasing prevalence of blindness and vision impairment, technological advancements in the field of bionic eyes, and rising funding for research and development activities in this area. The global bionic eye market can be segmented on the basis of type into electronic and mechanical bionic eyes. The electronic segment is expected to account for a larger share of the global market than the mechanical segment during the forecast period. This can be attributed to advancements in technology that have made electronic bionic eyes more efficient and user-friendly than mechanical ones. On the basis of application, hospitals are expected to account for a larger share of the global market than clinics duringthe forecast period. This can be attributedto th efact that hospitals offer better infrastructureand facilitiesfor treatmentthan clinics do . Additionally, there is greater awareness about available treatments among hospital patients as comparedtoclinic patients .
Product Definition:
The Bionic Eye is a prosthetic device that helps blind people to see. It is an implantable electronic device that replaces the function of the eye's natural photoreceptor cells. The importance of the Bionic Eye is that it helps blind people to see, which improves their quality of life.
Electronic:
The global bionic eye market size was valued at USD 4.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of retinitis pigmentosa, age-related macular degeneration, and diabetic retinopathy are some of the key factors driving growth in this market space.
Mechanical:
Mechanical Bionic Eye Market Size, Share & Trends Analysis Report By Type (External Mechanical Bionic Eye, Internal Mechanical Bionic Eye), By Application (Retina Implantation Surgery), And Segment Forecasts, 2019 - 2026 -> The global mechanical and bionic eye market size was valued at USD 4.2 billion in 2018 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The others segment held the largest share of more than 60.0% in 2017. The application segment includes research institutes and hospitals. Hospitals are expected to be the fastest-growing segment over the forecast period owing to growing awareness about bionic eye, increasing number of patients suffering from amblyopia and other vision disorders, rising demand for better quality of life by these patients, and availability of advanced healthcare facilities at hospitals level across countries such as India, China Japan etc. In addition, clinics are also anticipated to grow at a significant rate due to introduction of new products by market players such as SMILE Sensors Pvt Ltd., EyeGate Systems Inc.
Regional Analysis:
North America dominated the global market in 2017. The U.S.-based company, Bionic Vision Technologies, Inc., received FDA approval for its electronic bionic eye system in 2014. Since then, the number of companies offering similar systems has increased significantly across North America and Europe.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to a rise in government initiatives pertaining vision assistance devices across countries such as Japan and China. For instance, according to statistics provided by WHO Department of Public Health Surveillance & Laboratory Services (DPSLS), cataract surgery rates have been increasing steadily since 2000; however, between 2010-11 and 2015-16 there was a surge of around 23%.
Growth Factors:
- Increasing prevalence of blindness and vision impairment: According to the World Health Organization (WHO), there are 285 million people who are visually impaired, of which 39 million are blind. This number is expected to increase to 439 million by 2020 and 535 million by 2050. The increasing prevalence of blindness and vision impairment is a major growth driver for the bionic eye market.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the demand for bionic eyes in the coming years. By 2030, one-fifth of the world’s population will be aged 65 or above, making them more susceptible to age-related eye diseases such as macular degeneration, glaucoma, cataracts, etc., which can lead to blindness or severe vision impairment.
- Technological advancements: The technological advancements in bionic eye technology are driving the growth of this market globally. With continuous innovations taking place in this field, newer and better products are being launched in the market that offer improved functionalities and outcomes for patients with visual impairments. This is resulting in an increased adoption rate of these devices among both healthcare professionals and patients alike worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Bionic Eye Market Research Report
By Type
Electronic, Mechanical
By Application
Hospitals, Clinics, Others
By Companies
Retina Implant AG, Bionic Vision Australia, THE BIONIC EYE, Pixium Vision, iBionics, Second Sight Medical Products, NeoStrata Company, ABIOMED, Berlin Heart, Zimmer Biomet, Retina Implant AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Bionic Eye Market Report Segments:
The global Bionic Eye market is segmented on the basis of:
Types
Electronic, Mechanical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Retina Implant AG
- Bionic Vision Australia
- THE BIONIC EYE
- Pixium Vision
- iBionics
- Second Sight Medical Products
- NeoStrata Company
- ABIOMED
- Berlin Heart
- Zimmer Biomet
- Retina Implant AG
Highlights of The Bionic Eye Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic
- Mechanical
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bionic Eye Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bionic eye is a prosthetic device that helps people with vision loss. It consists of an electronic chip and a pair of glasses that help the person see.
Some of the major players in the bionic eye market are Retina Implant AG, Bionic Vision Australia, THE BIONIC EYE, Pixium Vision, iBionics, Second Sight Medical Products, NeoStrata Company, ABIOMED, Berlin Heart, Zimmer Biomet, Retina Implant AG.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bionic Eye Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bionic Eye Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bionic Eye Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bionic Eye Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bionic Eye Market Size & Forecast, 2020-2028
4.5.1 Bionic Eye Market Size and Y-o-Y Growth
4.5.2 Bionic Eye Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electronic
5.2.2 Mechanical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bionic Eye Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bionic Eye Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electronic
9.6.2 Mechanical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electronic
10.6.2 Mechanical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electronic
11.6.2 Mechanical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electronic
12.6.2 Mechanical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electronic
13.6.2 Mechanical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bionic Eye Market: Competitive Dashboard
14.2 Global Bionic Eye Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Retina Implant AG
14.3.2 Bionic Vision Australia
14.3.3 THE BIONIC EYE
14.3.4 Pixium Vision
14.3.5 iBionics
14.3.6 Second Sight Medical Products
14.3.7 NeoStrata Company
14.3.8 ABIOMED
14.3.9 Berlin Heart
14.3.10 Zimmer Biomet
14.3.11 Retina Implant AG
