Pune, India -- (SBWIRE) -- 05/09/2018 -- Global Bionic Eye Market - Overview
Global bionic eye market is growing at a CAGR of 9.8% during forecasted period 2017-2023. Bionic eye is a processor chip that is placed in the back of the eye. This devices are utilized to treat the blindness in the people. Global bionic eye market is growing at a high rate. Growing demand for the bionic eye and increasing number of visually impaired individuals across the world are the major factors driving the growth of the market. Increasing standard of living in developing is further influencing the growth of the market. According to WHO (World Health Organization), number of visually impaired is continuously growing and about 90% of this patient are living in developing countries. Increasing individuals having vitamin deficiency and growing diseases related to blindness is also contributed in the growth of the market. Adjacent to this increasing aging population across the world is also influencing the growth of market. While high cost and limited surgical professionals of the treatment can hamper the growth of the market.
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Retina Implant AG (Germany), Second Sight (US), Bionic Vision Australia (Australia), The Bionic Eye (UK), Pixium Vision (France), iBionics (Canada).
Global bionic eye market is segmented on the basis of geographies or regions which mainly includes Americas, Europe, Asia Pacific, and Middle East & Africa. Americas is dominating the global market for bionic eye with more than 40% share of the total market in 2016. The major factor for the growth of the market include due to high incidence of prevalence of individuals with eye issues, rising healthcare expenditure, increasing technology advancement and presence of major manufacturers furthermore influence the growth of market in Americas.
holds the second largest share of the global bionic eye market. Asia Pacific is the fastest growing bionic eye market across the globe. In Asia-Pacific there is wide range of opportunities for bionic eye market due to the presence of developing countries, companies grabbing these opportunities and expanding their presence in the region. These rising development in the region is further influencing the growth of the market.
The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.
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Global bionic eye market is segmented on the basis of type into external eye and implanted eye. External eye is further sub segmented into retinal prosthesis and microsystem-based visual prosthesis (MIVP). On the basis of technology they are segmented into electronic and mechanical and on the basis of end user he market is segmented into hospitals, clinics and others
TOC of Bionic Eye Market:
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5. GLOBAL BIONIC EYE MARKET, BY TYPE
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