Life Science Company News
Artificial Eye Market size to grow by USD 56.43 million from 2023-2028, North America to account for 57% of market growth - Technavio
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The artificial eye market size is expected to grow by USD 56.43 million from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 9.18% during the forecast period, according to Technavio Research. The market is segmented by Technology (Mechanical and Electronic), Product (Integrated prosthetic eye, Non integrated prosthetic eye, and Retinal prosthetics), and Geography (North America, Europe, Asia, and Rest of World (ROW)).
North America will contribute 57% to the growth of the global market during the forecast period. Some of the countries in the region including the US, Canada, and Mexico experience a growing per capita public expenditure on healthcare. This is leading to the rising adoption of ocular devices among people with ocular diseases or early stages of visual impairment. Additionally, factors including improved healthcare infrastructure, government programs and funding for ocular diseases and eye care, and the presence of favorable reimbursement policies in developed countries like the US drive the regional market growth during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a FREE PDF Sample Report
Advanced Artificial Eyes, Alcon Inc., Artificial Eyes Pty Ltd., Bionic Vision Technologies, Carl Zeiss Stiftung, Erickson Laboratories, F.AD. Muller Sohne GmbH and Co. KG, Ferdinand A. Forster GmbH, Integrated Orbital Implants, International Prosthetic Eye Center, Marie Allen Ocularist Ltd., Midwest Eye Laboratories Inc., Nano Retina, National Artificial Eye Services, NIDEK Co. Ltd., Nova Eye Medical Ltd., Ocular Prosthetics Inc., PIXIUM VISION, Rocky Mountain Anaplastology Inc., Vivani Medical Inc.
Advanced Artificial Eyes: The company offers artificial eyes such as custom prosthetic eyes and digital artificial eyes.
• To gain access to more vendor profiles available with Technavio, buy the report!
Artificial Eye Market: Segmentation Analysis
The mechanical segment will be significant during the forecast period. Factors such as new launches of superior products in mechanical technology in the global artificial eye market surge the demand for the mechanical technology segment. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio
Artificial Eye Market: Driver & Trend:
- Increasing prevalence of ophthalmic diseases
- Technological advances in artificial eyes
- Increasing access to ocular prostheses in emerging markets
Developing economies such as India and China deliver several opportunities for the global artificial eye market. Thus, owing to the presence of a large patient pool with ophthalmology conditions that can lead to partial and complete blindness, a peak in awareness about ocular prosthesis, improvements in healthcare infrastructure, an increase in access to healthcare, and availability of ocular prosthesis centers.
Strategic alliances among market vendors are a key trend in the artificial eye market. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.
The dry eye syndrome drugs market is estimated to grow at a CAGR of 6.53% between 2022 and 2027. The market size is forecast to increase by USD 2,159.21 million.
The global optical biometry devices market size is estimated to grow by USD 93.26 million at a CAGR of 5.44% between 2022 and 2027.
What are the key data covered in this artificial eye market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the artificial eye market between 2023 and 2028.
- Precise estimation of the artificial eye market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the artificial eye market across North America, Europe, Asia, and ROW
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of artificial eye market vendors.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Product
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-eye-market-size-to-grow-by-usd-56-43-million-from-2023-2028--north-america-to-account-for-57-of-market-growth---technavio-302002803.html