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Artificial Retina Market 2024-2028

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    Report

  • 127 Pages
  • September 2024
  • Region: Global
  • TechNavio
  • ID: 5553792
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The artificial retina market is forecasted to grow by USD 8.59 billion during 2023-2028, accelerating at a CAGR of 11.6% during the forecast period. The report on the artificial retina market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in prevalence of retinal diseases, rising geriatric population, and advances in artificial retina.

The artificial retina market is segmented as below:

By Disease Type

  • Macular degeneration
  • Diabetic retinopathy

By Geographical Landscape

  • North America
  • Europe
  • Asia
  • Rest of World (ROW)
This study identifies the escalating investment in ophthalmological research and development and innovations as one of the prime reasons driving the artificial retina market growth during the next few years. Also, increasing prevalence of vision impairment and rising government expenditure in healthcare will lead to sizable demand in the market.

The report on the artificial retina market covers the following areas:

  • Artificial Retina Market sizing
  • Artificial Retina Market forecast
  • Artificial Retina Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial retina market vendors that include Aetna Inc., Alcon Inc., Bausch Lomb Corp., Bionic Eye Technologies Inc., Bionic Vision Technologies, Carl Zeiss AG, Nano Retina, NIDEK Co. Ltd., Optobionics, and PIXIUM VISION. Also, the artificial retina market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market By Geographical Landscape
  • Executive Summary - Chart on Market Segmentation by Disease Type
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Global - Market size and forecast 2023-2028 ($ million)
  • Data Table on Global - Market size and forecast 2023-2028 ($ million)
  • Chart on Global Market: Year-over-year growth 2023-2028 (%)
  • Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Artificial Retina Market 2018 - 2022
  • Historic Market Size - Data Table on Global Artificial Retina Market 2018 - 2022 ($ million)
4.2 Disease Type segment analysis 2018 - 2022
  • Historic Market Size - Disease Type Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
  • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
  • Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Disease Type
6.1 Market segments
  • Chart on Disease Type - Market share 2023-2028 (%)
  • Data Table on Disease Type - Market share 2023-2028 (%)
6.2 Comparison by Disease Type
  • Chart on Comparison by Disease Type
  • Data Table on Comparison by Disease Type
6.3 Macular degeneration - Market size and forecast 2023-2028
  • Chart on Macular degeneration - Market size and forecast 2023-2028 ($ million)
  • Data Table on Macular degeneration - Market size and forecast 2023-2028 ($ million)
  • Chart on Macular degeneration - Year-over-year growth 2023-2028 (%)
  • Data Table on Macular degeneration - Year-over-year growth 2023-2028 (%)
6.4 Diabetic retinopathy - Market size and forecast 2023-2028
  • Chart on Diabetic retinopathy - Market size and forecast 2023-2028 ($ million)
  • Data Table on Diabetic retinopathy - Market size and forecast 2023-2028 ($ million)
  • Chart on Diabetic retinopathy - Year-over-year growth 2023-2028 (%)
  • Data Table on Diabetic retinopathy - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Disease Type
  • Market opportunity by Disease Type ($ million)
  • Data Table on Market opportunity by Disease Type ($ million)
7 Customer Landscape
7.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
  • Chart on Market share By Geographical Landscape 2023-2028 (%)
  • Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
  • Chart on North America - Market size and forecast 2023-2028 ($ million)
  • Data Table on North America - Market size and forecast 2023-2028 ($ million)
  • Chart on North America - Year-over-year growth 2023-2028 (%)
  • Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
  • Chart on Europe - Market size and forecast 2023-2028 ($ million)
  • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  • Chart on Europe - Year-over-year growth 2023-2028 (%)
  • Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 Asia - Market size and forecast 2023-2028
  • Chart on Asia - Market size and forecast 2023-2028 ($ million)
  • Data Table on Asia - Market size and forecast 2023-2028 ($ million)
  • Chart on Asia - Year-over-year growth 2023-2028 (%)
  • Data Table on Asia - Year-over-year growth 2023-2028 (%)
8.6 Rest of World (ROW) - Market size and forecast 2023-2028
  • Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
  • Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
  • Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
  • Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
8.7 US - Market size and forecast 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ million)
  • Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Chart on US - Year-over-year growth 2023-2028 (%)
  • Data Table on US - Year-over-year growth 2023-2028 (%)
8.8 Germany - Market size and forecast 2023-2028
  • Chart on Germany - Market size and forecast 2023-2028 ($ million)
  • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  • Chart on Germany - Year-over-year growth 2023-2028 (%)
  • Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.9 Spain - Market size and forecast 2023-2028
  • Chart on Spain - Market size and forecast 2023-2028 ($ million)
  • Data Table on Spain - Market size and forecast 2023-2028 ($ million)
  • Chart on Spain - Year-over-year growth 2023-2028 (%)
  • Data Table on Spain - Year-over-year growth 2023-2028 (%)
8.10 Canada - Market size and forecast 2023-2028
  • Chart on Canada - Market size and forecast 2023-2028 ($ million)
  • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  • Chart on Canada - Year-over-year growth 2023-2028 (%)
  • Data Table on Canada - Year-over-year growth 2023-2028 (%)
8.11 France - Market size and forecast 2023-2028
  • Chart on France - Market size and forecast 2023-2028 ($ million)
  • Data Table on France - Market size and forecast 2023-2028 ($ million)
  • Chart on France - Year-over-year growth 2023-2028 (%)
  • Data Table on France - Year-over-year growth 2023-2028 (%)
8.12 Market opportunity By Geographical Landscape
  • Market opportunity By Geographical Landscape ($ million)
  • Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Aetna Inc.
  • Aetna Inc. - Overview
  • Aetna Inc. - Product / Service
  • Aetna Inc. - Key offerings
11.4 Alcon Inc.
  • Alcon Inc. - Overview
  • Alcon Inc. - Business segments
  • Alcon Inc. - Key news
  • Alcon Inc. - Key offerings
  • Alcon Inc. - Segment focus
11.5 Bausch Lomb Corp.
  • Bausch Lomb Corp. - Overview
  • Bausch Lomb Corp. - Business segments
  • Bausch Lomb Corp. - Key offerings
  • Bausch Lomb Corp. - Segment focus
11.6 Bionic Eye Technologies Inc.
  • Bionic Eye Technologies Inc. - Overview
  • Bionic Eye Technologies Inc. - Product / Service
  • Bionic Eye Technologies Inc. - Key offerings
11.7 Bionic Vision Technologies
  • Bionic Vision Technologies - Overview
  • Bionic Vision Technologies - Product / Service
  • Bionic Vision Technologies - Key offerings
11.8 Carl Zeiss AG
  • Carl Zeiss AG - Overview
  • Carl Zeiss AG - Product / Service
  • Carl Zeiss AG - Key news
  • Carl Zeiss AG - Key offerings
11.9 Nano Retina
  • Nano Retina - Overview
  • Nano Retina - Product / Service
  • Nano Retina - Key offerings
11.10 NIDEK Co. Ltd.
  • NIDEK Co. Ltd. - Overview
  • NIDEK Co. Ltd. - Business segments
  • NIDEK Co. Ltd. - Key offerings
  • NIDEK Co. Ltd. - Segment focus
11.11 Optobionics
  • Optobionics - Overview
  • Optobionics - Product / Service
  • Optobionics - Key offerings
11.12 PIXIUM VISION
  • PIXIUM VISION - Overview
  • PIXIUM VISION - Product / Service
  • PIXIUM VISION - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Disease Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Artificial Retina Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Disease Type Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Disease Type - Market share 2023-2028 (%)
Exhibits 31: Data Table on Disease Type - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Disease Type
Exhibits 33: Data Table on Comparison by Disease Type
Exhibits 34: Chart on Macular degeneration - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Macular degeneration - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Macular degeneration - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Macular degeneration - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Diabetic retinopathy - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Diabetic retinopathy - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Diabetic retinopathy - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Diabetic retinopathy - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Disease Type ($ million)
Exhibits 43: Data Table on Market opportunity by Disease Type ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Asia - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on Spain - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on Spain - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on Spain - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on Spain - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 85: Market opportunity By Geographical Landscape ($ million)
Exhibits 86: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 87: Impact of drivers and challenges in 2023 and 2028
Exhibits 88: Overview on criticality of inputs and factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Companies covered
Exhibits 92: Matrix on companies position and classification
Exhibits 93: Aetna Inc. - Overview
Exhibits 94: Aetna Inc. - Product / Service
Exhibits 95: Aetna Inc. - Key offerings
Exhibits 96: Alcon Inc. - Overview
Exhibits 97: Alcon Inc. - Business segments
Exhibits 98: Alcon Inc. - Key news
Exhibits 99: Alcon Inc. - Key offerings
Exhibits 100: Alcon Inc. - Segment focus
Exhibits 101: Bausch Lomb Corp. - Overview
Exhibits 102: Bausch Lomb Corp. - Business segments
Exhibits 103: Bausch Lomb Corp. - Key offerings
Exhibits 104: Bausch Lomb Corp. - Segment focus
Exhibits 105: Bionic Eye Technologies Inc. - Overview
Exhibits 106: Bionic Eye Technologies Inc. - Product / Service
Exhibits 107: Bionic Eye Technologies Inc. - Key offerings
Exhibits 108: Bionic Vision Technologies - Overview
Exhibits 109: Bionic Vision Technologies - Product / Service
Exhibits 110: Bionic Vision Technologies - Key offerings
Exhibits 111: Carl Zeiss AG - Overview
Exhibits 112: Carl Zeiss AG - Product / Service
Exhibits 113: Carl Zeiss AG - Key news
Exhibits 114: Carl Zeiss AG - Key offerings
Exhibits 115: Nano Retina - Overview
Exhibits 116: Nano Retina - Product / Service
Exhibits 117: Nano Retina - Key offerings
Exhibits 118: NIDEK Co. Ltd. - Overview
Exhibits 119: NIDEK Co. Ltd. - Business segments
Exhibits 120: NIDEK Co. Ltd. - Key offerings
Exhibits 121: NIDEK Co. Ltd. - Segment focus
Exhibits 122: Optobionics - Overview
Exhibits 123: Optobionics - Product / Service
Exhibits 124: Optobionics - Key offerings
Exhibits 125: PIXIUM VISION - Overview
Exhibits 126: PIXIUM VISION - Product / Service
Exhibits 127: PIXIUM VISION - Key offerings
Exhibits 128: Inclusions checklist
Exhibits 129: Exclusions checklist
Exhibits 130: Currency conversion rates for US$
Exhibits 131: Research methodology
Exhibits 132: Information sources
Exhibits 133: Data validation
Exhibits 134: Validation techniques employed for market sizing
Exhibits 135: Data synthesis
Exhibits 136: 360 degree market analysis
Exhibits 137: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global artificial retina market: Aetna Inc., Alcon Inc., Bausch Lomb Corp., Bionic Eye Technologies Inc., Bionic Vision Technologies, Carl Zeiss AG, Nano Retina, NIDEK Co. Ltd., Optobionics, and PIXIUM VISION.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is escalating investment in ophthalmological research and development and innovations."

According to the report, one of the major drivers for this market is the rise in prevalence of retinal diseases.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aetna Inc.
  • Alcon Inc.
  • Bausch Lomb Corp.
  • Bionic Eye Technologies Inc.
  • Bionic Vision Technologies
  • Carl Zeiss AG
  • Nano Retina
  • NIDEK Co. Ltd.
  • Optobionics
  • PIXIUM VISION

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About the Artificial Retina Market

The Artificial Retina market is a subset of the Medical Devices industry, focused on the development of retinal implants to restore vision in patients with retinal degenerative diseases. These implants are designed to replace the function of the damaged photoreceptors in the retina, allowing the patient to perceive light and dark patterns. The technology is based on the use of a microelectronic chip, which is surgically implanted in the eye and connected to the remaining healthy retinal cells. The Artificial Retina market is expected to grow in the coming years, driven by the increasing prevalence of retinal degenerative diseases, the development of new technologies, and the increasing demand for vision restoration. Some of the companies in the Artificial Retina market include Second Sight Medical Products, Inc., Pixium Vision, Retina Implant AG, and Nano Retina, Inc. Show Less Read more

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