Coherent Market Insights released a new market study on 2018-2026 Artificial Retina Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in your business. The research study provides estimates for 2018-2026 Artificial Retina Market Forecast till 2026*.
Artificial retina market is a major breakthrough in medical devices industry, wherein many universities and leading medical devices companies are conducting research to offer vision to over 285 million visually impaired population worldwide. These devices are mainly nanorod carbon nanotube biomimetic films along with accessory devices such as transmitter and video processing unit (VPU). As such progressive development towards artificial retina is expected to create high ROI for engaged in early development of the product. A lot of players in the artificial retina market are making major investments in R&D activities related to the same. These devices are expected to cater to various visual impaired conditions ranging from age-related macular degeneration (AMD) to retinispigmentosa (RP). As per independent estimates, in 2016, there were over 100,000 people suffering from RP in the U.S. Advent of this novel technology could unlock the market opportunities for players. A major breakthrough in this regard was in 2013, when the U.S. FDA approved Argus II Retinal Prosthesis System—the first implanted device to treat population with RP. The market for such revolutionary products is expected to be shaped by various regulatory norms worldwide.
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Artificial Retina Market Dynamics
Product innovation is a key artificial retina market trend. The ophthalmic industry has become more competitive over the last few years. Established ophthalmic product categories have become more mature, in turn offering low level of market opportunity for players. Most companies are emphasizing on price level strategy in order to enhance their business presence worldwide. However, the pricing trend could potentially benefit the company on a shorter scale during the forecast period. Most major players stand to gain from investing in R&D activities to capitalize on long-term lucrative opportunities due to patent products and innovative technologies. In recent times, the artificial retina market has also witnessed the emergence of various startups especially in the high growth markets for U.S. and Israel. Artificial retina would create value-oriented customers in near future for these manufacturers.
Important Features that are under offer & key highlights of the report:
1) What all companies are currently profiled in the report?
The report Contain the Major Key Players currently profiled in this market.
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) Can we add or profiled new company as per our need?
Yes, we can add or profile new company as per client need in the report. Final confirmation to be provided by the research team depending upon the difficulty of the survey.
** Data availability will be confirmed by research in case of a privately held company. Up to 3 players can be added at no added cost.
3) What all regional segmentation covered? Can the specific country of interest be added?
Currently, the research report gives special attention and focus on the following regions:
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc), South America (Brazil, Argentina etc) & Middle East & Africa (Saudi Arabia, South Africa etc)
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote may vary.
4) Can the inclusion of additional Segmentation / Market breakdown is possible?
Yes, the inclusion of additional segmentation / Market breakdown is possible to subject to data availability and difficulty of the survey. However, a detailed requirement needs to be shared with our research before giving final confirmation to the client.
** Depending upon the requirement the deliverable time and quote will vary.
The scope of Artificial Retina Market Report:
This report focuses on the Artificial Retina in the Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. This report categorizes the Market based on manufacturers, regions, type, and application.
Artificial Retina Market dynamics in the world mainly, the worldwide 2018-2026 Artificial Retina Market is analyzed across major global regions. CMI also provides customized specific regional and country-level reports for the following areas.
North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
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The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization/revenue along with contact information. Each player/ manufacturer revenue figures, growth rate, and the gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
World’s Top Key Players:
Nano-Retina, Second Sights, and Optobionics.
Artificial Retina Market Taxonomy:
North America and Europe are expected to dominate the overall artificial retina market throughout the forecast period (2016–2024). This is primarily attributed to robust healthcare infrastructure and high spending on healthcare R&D in these regions. The healthcare industry in North America is undergoing major transformation following the implementation of various healthcare reforms. Moreover, the region is home to over 10 million visually impaired population seeking effective treatment. Every year, 50 thousand people go blind in North America. Advancements in development of artificial retina is projected to create lucrative growth opportunities for market players in the region. Most of the countries in Europe and North America have healthcare spending of over 10% of overall GDP.
Asia Pacific is projected to emerge as the next big market for industry players. The region is home to over 55% of the global visually impaired population. The rate of RP is highest in Asia Pacific compared to other regions. However, the artificial retina market in the region is projected to grow at relatively slower pace through the forecast period. The region is expected to be primarily driven by high demand in Japan, followed by China and India, respectively.
Why This Report is Useful? It helps:
1. The report will include the qualitative and quantitative analysis with Artificial Retina market estimation and compound annual growth rate (CAGR) between 2018 and 2026
2. Assess the Artificial Retina production processes, major issues, and solutions to mitigate the development risk.
3. Comprehensive analysis of market dynamics including factors and opportunities of the global Artificial Retina Market will be provided in the report
4. Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics.
In this study, the years considered to estimate the market size of 2018-2026 Artificial Retina Market are as follows:
History Year: 2015-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2026
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.