Market Overview:
The global implantable miniature telescope market is expected to register a CAGR of 7.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of eye disorders and technological advancements in the field of ophthalmology. Based on type, the global implantable miniature telescope market is segmented into normal and special types. The normal type segment is further sub-segmented into monofocal and multifocal implants. The multifocal implants are expected to witness higher growth during the forecast period owing to their ability to provide good vision quality at all distances post-implantation. Based on application, the global implantable miniature telescope market is segmented into hospitals, ophthalmic clinics, and others (research institutes & universities). Hospitals are estimated to account for a major share of the global implantable miniature telescope market in 2018 owing to rising demand for advanced surgical procedures for treating various eye disorders such as cataract, glaucoma, macular degeneration etc.
Product Definition:
An implantable miniature telescope is a small, implantable telescope that is used to improve vision in people with macular degeneration or other eye diseases. The device is implanted into the eye in a procedure that takes about 30 minutes and requires local anesthesia. Once implanted, the miniature telescope magnifies images that are then projected onto the retina, improving vision for people who have lost their central vision.
Normal:
Normal is a medical term used to define the average value of a patient's vital signs during an examination. It is also known as the mean or medioline (Latin: median line) and can be defined as follows: The midline on the body which bisects the length of every organ, muscle, & bone in proportion to its size.
Speical:
The special is a small glass tube that is inserted into the eye. It allows the user to see things that are far away without using their hands or any other device for support. The image produced by this device uses binocular vision and helps in enhancing sharpness, color, and contrast of objects seen through lenses.
Application Insights:
Based on application, the global implantable miniature telescope market has been segmented into hospitals, ophthalmic clinics and others. The hospitals segment dominated the overall market in terms of revenue share in 2017. This is due to a high demand for diagnostic imaging devices that provide accurate diagnosis at minimal costs. Miniaturized telescopes are highly preferred owing to their ability to produce high-quality images with low light levels as compared to conventional optical systems.
The growing adoption of these devices by radiologists and surgeons for various applications such as interventional cardiology, nuclear medicine & PET/CT is expected to drive growth over the forecast period. In addition, increasing government funding for medical imaging equipment coupled with favorable reimbursement policies is further anticipated to augment growth during the study period.
The other application category includes research institutes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various companies and a rise in awareness about vision impairment among patients. Moreover, miniaturization of optical systems has been achieved at such a high level that it no longer requires any major technological advancements for this purpose, which simplifies product development considerably.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to factors such as growing medical tourism industry and an increase in ophthalmic disorders due to changing lifestyles and environmental hazards associated with excessive exposure to light rays (visual stress). In addition, rising disposable income levels are also likely contributors toward regional market growth during the same period. Furthermore, favorable government initiatives pertaining towards eye care are also estimated favorably impact regional demand over the forecast period (2018-2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The implantable miniature telescope is a minimally invasive surgical device that helps in the treatment of various eye conditions. With the increasing demand for minimally invasive surgeries, the market for implantable miniature telescopes is expected to grow at a rapid pace.
- Growing prevalence of eye diseases: The prevalence of various eye diseases such as age-related macular degeneration, glaucoma, and cataract is on the rise globally. This is expected to drive the demand for implantable miniature telescopes in the coming years.
- Technological advancements: The technology behind implantable miniature telescopes is constantly evolving, which is resulting in better performance and fewer complications associated with their use. This is likely to boost the growth of this market in the near future.
- Rising awareness about benefits of using implantable miniature telescopes: There has been an increase in awareness about the benefits of using implantable miniature telescopes among patients and healthcare professionals alike over recent years .This is likely to propel market growth during forecast period . 5)Growing number o f elderly population :The global elderly population i s projected t o reach 1 . 4 billion by 2050 , making up nearly 21% o f th e total population . Thi s i s expected t o fuel th e growth o f th e Implantabl e Miniature Telescope market as elderl y people ar e more prone t o develop vision problems
Scope Of The Report
Report Attributes
Report Details
Report Title
Implantable Miniature Telescope Market Research Report
By Type
Normal, Speical
By Application
Hospitals, Ophthalmic Clinics, Others
By Companies
Centra Sight, Vision Aware, VisionCare Ophthalmic Technologies, Johns Hopkings Medicine, Centra Sight
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Implantable Miniature Telescope Market Report Segments:
The global Implantable Miniature Telescope market is segmented on the basis of:
Types
Normal, Speical
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, Ophthalmic 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:
- Centra Sight
- Vision Aware
- VisionCare Ophthalmic Technologies
- Johns Hopkings Medicine
- Centra Sight
Highlights of The Implantable Miniature Telescope 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:
- Normal
- Speical
- By Application:
- Hospitals
- Ophthalmic 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 Implantable Miniature Telescope 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.
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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?
An implantable miniature telescope is a medical device that is inserted under the skin in order to improve vision.
Some of the major companies in the implantable miniature telescope market are Centra Sight, Vision Aware, VisionCare Ophthalmic Technologies, Johns Hopkings Medicine, Centra Sight.
The implantable miniature telescope market is expected to register a CAGR of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Implantable Miniature Telescope 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 Implantable Miniature Telescope Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Implantable Miniature Telescope 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 Implantable Miniature Telescope 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 Implantable Miniature Telescope Market Size & Forecast, 2020-2028 4.5.1 Implantable Miniature Telescope Market Size and Y-o-Y Growth 4.5.2 Implantable Miniature Telescope 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 Normal
5.2.2 Speical
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 Ophthalmic Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Implantable Miniature Telescope 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 Implantable Miniature Telescope 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 Normal
9.6.2 Speical
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 Ophthalmic 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 Normal
10.6.2 Speical
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 Ophthalmic 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 Normal
11.6.2 Speical
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 Ophthalmic 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 Normal
12.6.2 Speical
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 Ophthalmic 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 Normal
13.6.2 Speical
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 Ophthalmic 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 Implantable Miniature Telescope Market: Competitive Dashboard
14.2 Global Implantable Miniature Telescope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Centra Sight
14.3.2 Vision Aware
14.3.3 VisionCare Ophthalmic Technologies
14.3.4 Johns Hopkings Medicine
14.3.5 Centra Sight