The global retinal prosthesis market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing prevalence of blindness and retinitis pigmentosa, technological advancements in the field of retinal prosthesis, and increasing awareness about the benefits of retinal prostheses. The global retinal prosthesis market is segmented on the basis of type into Argus II and Implantable Miniature Telescope (IMT). Argus II has been developed by Second Sight Medical Products Inc, which was acquired by Google in 2014 for $125 million. It is a wireless device that can be worn on glasses or mounted on a pair of eyeglasses or sunglasses. It consists of an external video camera that captures images and sends them wirelessly to an implantable receiver chip located near the retina; this chip converts these images into electrical impulses that are transmitted wirelessly to electrodes implanted over the retina’s surface, stimulating cells in order to produce vision. IMT has been developed by Retina Implant Alpha AMS GmbH & Co KG (AMI), which was founded in 2002 with headquarters in Berlin, Germany.
- The global population is aging and the number of people with age-related eye diseases is increasing.
- The cost of retinal prosthesis surgery is high, which limits its use to those who can afford it.
- Retinal prosthesis surgery has a high success rate, but there are still some risks involved in the procedure that may lead to complications or failure of the device over time.
- There are many different types of retinal prostheses available on the market, which makes it difficult for patients and doctors to choose one that will work best for them and their condition. 5.Retinal prostheses have been shown to be effective in restoring vision in patients with severe vision loss from conditions such as macular degeneration or diabetic retinopathy.
Industry Growth Insights published a new data on “Retinal Prosthesis Market”. The research report is titled “Retinal Prosthesis Market research by Types (Argus II, Implantable Miniature Telescope), By Applications (People with Partial Blindness, People with Complete Blindness, Retina Implant Alpha AMS), By Players/Companies Philips Healthcare, Retina Implant, Second Sight Medical Products, Bionic Eye Technologies, Bionic Vision Australia, VisionCare Ophthalmic Technologies, Abbott Vascular”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Retinal Prosthesis Market Research Report
By Type
Argus II, Implantable Miniature Telescope
By Application
People with Partial Blindness, People with Complete Blindness, Retina Implant Alpha AMS
By Companies
Philips Healthcare, Retina Implant, Second Sight Medical Products, Bionic Eye Technologies, Bionic Vision Australia, VisionCare Ophthalmic Technologies, Abbott Vascular
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Retinal Prosthesis Market Report Segments:
The global Retinal Prosthesis market is segmented on the basis of:
Types
Argus II, Implantable Miniature Telescope
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
People with Partial Blindness, People with Complete Blindness, Retina Implant Alpha AMS
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:
- Philips Healthcare
- Retina Implant
- Second Sight Medical Products
- Bionic Eye Technologies
- Bionic Vision Australia
- VisionCare Ophthalmic Technologies
- Abbott Vascular
Highlights of The Retinal Prosthesis 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:
- Argus II
- Implantable Miniature Telescope
- By Application:
- People with Partial Blindness
- People with Complete Blindness
- Retina Implant Alpha AMS
- 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 Retinal Prosthesis 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?
Retinal prosthesis is a medical device that replaces the function of a missing or damaged eye.
Some of the major players in the retinal prosthesis market are Philips Healthcare, Retina Implant, Second Sight Medical Products, Bionic Eye Technologies, Bionic Vision Australia, VisionCare Ophthalmic Technologies, Abbott Vascular.
The retinal prosthesis market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retinal Prosthesis Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Retinal Prosthesis Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Retinal Prosthesis Market - Supply Chain
4.5. Global Retinal Prosthesis Market Forecast
4.5.1. Retinal Prosthesis Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Retinal Prosthesis Market Size (000 Units) and Y-o-Y Growth
4.5.3. Retinal Prosthesis Market Absolute $ Opportunity
5. Global Retinal Prosthesis Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Retinal Prosthesis Market Size and Volume Forecast by Type
5.3.1. Argus II
5.3.2. Implantable Miniature Telescope
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Retinal Prosthesis Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Retinal Prosthesis Market Size and Volume Forecast by Application
6.3.1. People with Partial Blindness
6.3.2. People with Complete Blindness
6.3.3. Retina Implant Alpha AMS
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Retinal Prosthesis Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Retinal Prosthesis Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Retinal Prosthesis Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Retinal Prosthesis Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Retinal Prosthesis Demand Share Forecast, 2019-2026
9. North America Retinal Prosthesis Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Retinal Prosthesis Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Retinal Prosthesis Market Size and Volume Forecast by Application
9.4.1. People with Partial Blindness
9.4.2. People with Complete Blindness
9.4.3. Retina Implant Alpha AMS
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Retinal Prosthesis Market Size and Volume Forecast by Type
9.7.1. Argus II
9.7.2. Implantable Miniature Telescope
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Retinal Prosthesis Demand Share Forecast, 2019-2026
10. Latin America Retinal Prosthesis Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Retinal Prosthesis Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Retinal Prosthesis Market Size and Volume Forecast by Application
10.4.1. People with Partial Blindness
10.4.2. People with Complete Blindness
10.4.3. Retina Implant Alpha AMS
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Retinal Prosthesis Market Size and Volume Forecast by Type
10.7.1. Argus II
10.7.2. Implantable Miniature Telescope
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Retinal Prosthesis Demand Share Forecast, 2019-2026
11. Europe Retinal Prosthesis Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Retinal Prosthesis Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Retinal Prosthesis Market Size and Volume Forecast by Application
11.4.1. People with Partial Blindness
11.4.2. People with Complete Blindness
11.4.3. Retina Implant Alpha AMS
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Retinal Prosthesis Market Size and Volume Forecast by Type
11.7.1. Argus II
11.7.2. Implantable Miniature Telescope
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Retinal Prosthesis Demand Share, 2019-2026
12. Asia Pacific Retinal Prosthesis Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Retinal Prosthesis Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Retinal Prosthesis Market Size and Volume Forecast by Application
12.4.1. People with Partial Blindness
12.4.2. People with Complete Blindness
12.4.3. Retina Implant Alpha AMS
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Retinal Prosthesis Market Size and Volume Forecast by Type
12.7.1. Argus II
12.7.2. Implantable Miniature Telescope
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Retinal Prosthesis Demand Share, 2019-2026
13. Middle East & Africa Retinal Prosthesis Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Retinal Prosthesis Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Retinal Prosthesis Market Size and Volume Forecast by Application
13.4.1. People with Partial Blindness
13.4.2. People with Complete Blindness
13.4.3. Retina Implant Alpha AMS
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Retinal Prosthesis Market Size and Volume Forecast by Type
13.7.1. Argus II
13.7.2. Implantable Miniature Telescope
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Retinal Prosthesis Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Retinal Prosthesis Market: Market Share Analysis
14.2. Retinal Prosthesis Distributors and Customers
14.3. Retinal Prosthesis Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Retina Implant
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Second Sight Medical Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bionic Eye Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bionic Vision Australia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VisionCare Ophthalmic Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Abbott Vascular
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook