Retinal Implant Industry Insights Technology and Dynamics Forecast To 2026
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<strong>Retinal</strong> <strong>Implant</strong> <strong>Industry</strong> <strong>Insights</strong> | <strong>Technology</strong> <strong>and</strong> <strong>Dynamics</strong> |<br />
<strong>Forecast</strong> <strong>To</strong> <strong>2026</strong><br />
“Global <strong>Retinal</strong> <strong>Implant</strong> Market report includes in-depth analysis of industry<br />
by recent technologies, trends, opportunities, challenges, key players <strong>and</strong><br />
business strategies considering types, segment <strong>and</strong> future outlook.”<br />
Global <strong>Retinal</strong> <strong>Implant</strong> Market is expected to reach USD 74.7 million by <strong>2026</strong>. A retinal implant<br />
is also termed as “the Argus® II retinal prosthesis system” or “bionic eye”. These implantable<br />
devices are planned to supplant photo transduction within the eyes of persons with major<br />
retinal illnesses such as age-related macular degeneration or retinitis pigmentosa. The retinal<br />
implant market is estimated to grow at a CAGR of 10.6% over the forecast period as the scope<br />
<strong>and</strong> its applications are rising enormously across the globe.<br />
The factors that are playing a major role in the growth of retinal implant market are rising<br />
occurrence of degenerative conditions, increasing disposable income in emerging countries,<br />
growing aging population, <strong>and</strong> development of enhanced <strong>and</strong> efficient technology. However,<br />
the high cost of research, lack of trained personnel's, <strong>and</strong> development <strong>and</strong> lack of medical<br />
reimbursement are the factors that may restrain overall market growth in the years to come.<br />
<strong>Retinal</strong> implant industry is segmented based on type, device type, application, <strong>and</strong> region.<br />
Suprachoroidal implants, epiretinal implants, <strong>and</strong> subretinal implants are the types that could<br />
be explored in the retinal implant in the forecast period.<br />
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Alpha IMS, Argus II, <strong>and</strong> an implantable telescope are the device types that could be explored<br />
in the retinal implant in the forecast period. The market may be categorized based on<br />
applications like total blindness, retinal degenerative diseases, <strong>and</strong> others that could be<br />
explored in the forecast period. The retinal degenerative sector accounted for the substantial<br />
market share of the retinal implant <strong>and</strong> is estimated to lead the overall market in the years to<br />
come.<br />
Globally, North America accounted for the significant market share of the retinal implant <strong>and</strong> is<br />
estimated to lead the overall market in the years to come. The reason behind the overall market<br />
growth could be developed infrastructure, growing eye-related diseases, <strong>and</strong> rising use of<br />
technologically enhanced devices. The United States is a major consumer of the retinal implant<br />
in this region. Instead, Europe <strong>and</strong> the Asia Pacific are also estimated to have a positive influence<br />
on the future growth.<br />
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Europe is the second largest region with significant market share. However, Asia Pacific is<br />
estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed<br />
to the growth comprise growing geriatric population, growing awareness among consumers<br />
regarding eye care, growing number of patients suffering from retinitis pigmentosa (RP) <strong>and</strong><br />
age-related macular degeneration (AMD), <strong>and</strong> developing healthcare infrastructure. The<br />
developing countries like India <strong>and</strong> China are the major consumers of the retinal implant in this<br />
region.<br />
The key players of retinal implant market are Philips Healthcare, Second Sight Medical Products,<br />
Inc., Hamilton Medical AG, Retina <strong>Implant</strong> AG, Bionic Vision Australia, Dräger Medical GmbH,<br />
VisionCare Ophthalmic Technologies, Inc., Visus <strong>Technology</strong>, Inc., <strong>and</strong> Abbott Vascular, Bionic<br />
Eye Technologies, Inc. These players are concentrating on inorganic growth to sustain<br />
themselves amidst fierce competition.<br />
Market Segment:
<strong>Retinal</strong> <strong>Implant</strong> Device Type Outlook (Revenue USD Million; 2014 - <strong>2026</strong>)<br />
• Retina <strong>Implant</strong> Alpha AMS<br />
• <strong>Implant</strong>able Miniature Telescope<br />
• Argus II<br />
• Others<br />
<strong>Retinal</strong> <strong>Implant</strong> Regional Outlook (Revenue, USD Million; 2014 - <strong>2026</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• U.K.<br />
• Germany<br />
• Asia Pacific<br />
• Japan<br />
• China<br />
• Latin America<br />
• Brazil<br />
• MEA<br />
• Saudi Arabia<br />
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