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Bionic Eye Market Size, Share & Trends Analysis Report by Type (External, Implanted), End-use (Hospitals, Ophthalmic Clinics), Region, and Segment Forecasts, 2023 - 2030

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    Report

  • 120 Pages
  • January 2024
  • Region: Global
  • Grand View Research
  • ID: 5936544
Description Jump to:
The global bionic eye market is expected to reach USD 699.5 million by 2030, projected to grow at a CAGR of 13.3% from 2023 to 2030. The market players are rapidly developing technological advancements to the devices to cater to the unmet patient needs due to the lack of treatment options available for permanently blind individuals. The bionic eye uses a brain implant and camera to bypass the optic nerve in visually impaired patients. Also, researchers at Monash University, Australia, and Illinois Institute of Technology, Chicago, are working on similar devices that can connect to the brain directly.

Increasing research developments and advancements to develop novel solutions for the growing prevalence of rare genetic conditions causing vision loss and advancements in clinical trials are driving the market growth. According to the article published in MIT Technology, an estimated 1.5 million people worldwide, including around 100,000 people in the U.S., have retinitis pigmentosa (RP). In January 2018, Pixium Vision received the U.S. FDA approval to initiate the clinical trials for PRIMA, a sub-retinal implant. The implant was approved for trials in patients with atrophic dry age-related macular degeneration (AMD).

Bionic Eye Market Report Highlights

  • In terms of region, North America held the largest share of 42% in 2022 owing to technological advancements and the presence of key industry players
  • Based on type, the external implant segment dominated the market with a share of about 60% in 2022 owing to the increasing number of product launches and the growing number of clinical trials
  • In terms of end-use, the hospital segment dominated the market and held the largest market share of around 45% owing to rising healthcare expenditure and the rising demand for artificial vision implants
  • Market players are adopting strategies such as higher investment in research and development and technological innovation to improve available pixel resolution for eye implants

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Type
1.1.2. End-use
1.1.3. Regional Scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources
1.3.4. Primary Research
1.3.5. Details of Primary Research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. By End-use Outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Bionic eye Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Bionic Eye Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Bionic Eye: Type Estimates & Trend Analysis
4.1. Bionic Eye Market: Key Takeaways
4.2. Bionic Eye Market: Movement & Market Share Analysis, 2022 & 2030
4.3. External Eye
4.3.1. External eye market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Implanted Eye
4.4.1. Implanted eye market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Others
4.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Bionic Eye: End-use Estimates & Trend Analysis
5.1. Bionic Eye Market: Key Takeaways
5.2. Bionic Eye Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Hospitals
5.3.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Outpatient Facilities
5.4.1. Outpatient facilities market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Research And Manufacturing
5.5.1. Research and manufacturing market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Bionic Eye Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Bionic Eye Market by Region: Key Takeaways
6.3. North America
6.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.4. Italy
6.4.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.5. Spain
6.4.5.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.6. Sweden
6.4.6.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.7. Norway
6.4.7.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.4.8. Denmark
6.4.8.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5. Asia-Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5.5. Thailand
6.5.5.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.5.6. South Korea
6.5.6.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.6.3. Argentina
6.6.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
6.7.4. Kuwait
6.7.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Market Participant Categorization
7.2.1. Second Sight Medical Products LLP
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Nidek Co. Ltd.
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Nano Retina Ltd.
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. MetaModal LLC
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. BioMedical Technologies S.L.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Bionic Vision Technologies
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Pixium Vision
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Monash Vision Group
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 North America bionic eye market, by type, 2018-2030 (USD Million)
Table 3 North America bionic eye market, by end-use, 2018-2030 (USD Million)
Table 4 North America bionic eye market, by region, 2018-2030 (USD Million)
Table 5 U.S. bionic eye market, by type, 2018-2030 (USD Million)
Table 6 U.S. bionic eye market, by end-use, 2018-2030 (USD Million)
Table 7 Canada bionic eye market, by type, 2018-2030 (USD Million)
Table 8 Canada bionic eye market, by end-use, 2018-2030 (USD Million)
Table 9 Europe bionic eye market, by type, 2018-2030 (USD Million)
Table 10 Europe bionic eye market, by end-use, 2018-2030 (USD Million)
Table 11 Europe bionic eye market, by region, 2018-2030 (USD Million)
Table 12 UK bionic eye market, by type, 2018-2030 (USD Million)
Table 13 UK bionic eye market, by end-use, 2018-2030 (USD Million)
Table 14 Germany bionic eye market, by type, 2018-2030 (USD Million)
Table 15 Germany bionic eye market, by end-use, 2018-2030 (USD Million)
Table 16 France bionic eye market, by type, 2018-2030 (USD Million)
Table 17 France bionic eye market, by end-use, 2018-2030 (USD Million)
Table 18 Italy bionic eye market, by type, 2018-2030 (USD Million)
Table 19 Italy bionic eye market, by end-use, 2018-2030 (USD Million)
Table 20 Spain bionic eye market, by type, 2018-2030 (USD Million)
Table 21 Spain bionic eye market, by end-use, 2018-2030 (USD Million)
Table 22 Denmark bionic eye market, by type, 2018-2030 (USD Million)
Table 23 Denmark bionic eye market, by end-use, 2018-2030 (USD Million)
Table 24 Sweden bionic eye market, by type, 2018-2030 (USD Million)
Table 25 Sweden bionic eye market, by end-use, 2018-2030 (USD Million)
Table 26 Norway bionic eye market, by type, 2018-2030 (USD Million)
Table 27 Norway bionic eye market, by end-use, 2018-2030 (USD Million)
Table 28 Asia-Pacific bionic eye market, by type, 2018-2030 (USD Million)
Table 29 Asia-Pacific bionic eye market, by end-use, 2018-2030 (USD Million)
Table 30 Asia-Pacific bionic eye market, by region, 2018-2030 (USD Million)
Table 31 Japan bionic eye market, by type, 2018-2030 (USD Million)
Table 32 Japan bionic eye market, by end-use, 2018-2030 (USD Million)
Table 33 China bionic eye market, by type, 2018-2030 (USD Million)
Table 34 China bionic eye market, by end-use, 2018-2030 (USD Million)
Table 35 India bionic eye market, by type, 2018-2030 (USD Million)
Table 36 India bionic eye market, by end-use, 2018-2030 (USD Million)
Table 37 Australia bionic eye market, by type, 2018-2030 (USD Million)
Table 38 Australia bionic eye market, by end-use, 2018-2030 (USD Million)
Table 39 Thailand bionic eye market, by type, 2018-2030 (USD Million)
Table 40 Thailand bionic eye market, by end-use, 2018-2030 (USD Million)
Table 41 South Korea bionic eye market, by type, 2018-2030 (USD Million)
Table 42 South Korea bionic eye market, by end-use, 2018-2030 (USD Million)
Table 43 Latin America bionic eye market, by type, 2018-2030 (USD Million)
Table 44 Latin America bionic eye market, by end-use, 2018-2030 (USD Million)
Table 45 Latin America bionic eye market, by region, 2018-2030 (USD Million)
Table 46 Brazil bionic eye market, by type, 2018-2030 (USD Million)
Table 47 Brazil bionic eye market, by end-use, 2018-2030 (USD Million)
Table 48 Mexico bionic eye market, by type, 2018-2030 (USD Million)
Table 49 Mexico bionic eye market, by end-use, 2018-2030 (USD Million)
Table 50 Argentina bionic eye market, by type, 2018-2030 (USD Million)
Table 51 Argentina bionic eye market, by end-use, 2018-2030 (USD Million)
Table 52 Middle East and Africa bionic eye market, by type, 2018-2030 (USD Million)
Table 53 Middle East and Africa bionic eye market, by end-use, 2018-2030 (USD Million)
Table 54 Middle East and Africa bionic eye market, by region, 2018-2030 (USD Million)
Table 55 South Africa bionic eye market, by type, 2018-2030 (USD Million)
Table 56 South Africa bionic eye market, by end-use, 2018-2030 (USD Million)
Table 57 Saudi Arabia bionic eye market, by type, 2018-2030 (USD Million)
Table 58 Saudi Arabia bionic eye market, by end-use, 2018-2030 (USD Million)
Table 59 UAE bionic eye market, by type, 2018-2030 (USD Million)
Table 60 UAE bionic eye market, by end-use, 2018-2030 (USD Million)
Table 61 Kuwait bionic eye market, by type, 2018-2030 (USD Million)
Table 62 Kuwait bionic eye market, by end-use, 2018-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Bionic eye: Market outlook
Fig. 9 Bionic eye: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Bionic eye market driver impact
Fig. 15 Bionic eye market restraint impact
Fig. 16 Bionic eye market strategic initiatives analysis
Fig. 17 Bionic eye market: Type movement analysis
Fig. 18 Bionic eye market: Type outlook and key takeaways
Fig. 19 External eye market estimates and forecasts, 2018-2030 (USD Million)
Fig. 20 Implanted eye market estimates and forecasts, 2018-2030 (USD Million)
Fig. 21 Bionic eye market: End-use movement analysis
Fig. 22 Bionic eye market: End-use Outlook and key takeaways
Fig. 23 Hospitals market estimates and forecasts, 2018-2030 (USD Million)
Fig. 24 Outpatient facilities market estimates and forecasts, 2018-2030 (USD Million)
Fig. 25 Research and manufacturing market estimates and forecasts, 2018-2030 (USD Million)
Fig. 26 Global bionic eye market: Regional movement analysis
Fig. 27 Global bionic eye market: Regional outlook and key takeaways
Fig. 28 North America market estimates and forecasts, 2018-2030 (USD Million)
Fig. 29 U.S. market estimates and forecasts, 2018-2030 (USD Million)
Fig. 30 Canada market estimates and forecasts, 2018-2030 (USD Million)
Fig. 31 Europe. market estimates and forecasts, 2018-2030 (USD Million)
Fig. 32 UK. market estimates and forecasts, 2018-2030 (USD Million)
Fig. 33 Germany market estimates and forecasts, 2018-2030 (USD Million)
Fig. 34 France market estimates and forecasts, 2018-2030 (USD Million)
Fig. 35 Italy market estimates and forecasts, 2018-2030 (USD Million)
Fig. 36 Spain market estimates and forecasts, 2018-2030 (USD Million)
Fig. 37 Denmark market estimates and forecasts, 2018-2030 (USD Million)
Fig. 38 Sweden market estimates and forecasts, 2018-2030 (USD Million)
Fig. 39 Norway market estimates and forecasts, 2018-2030 (USD Million)
Fig. 40 Asia-Pacific market estimates and forecasts, 2018-2030 (USD Million)
Fig. 41 Japan market estimates and forecasts, 2018-2030 (USD Million)
Fig. 42 China market estimates and forecasts, 2018-2030 (USD Million)
Fig. 43 India market estimates and forecasts, 2018-2030 (USD Million)
Fig. 44 Australia market estimates and forecasts, 2018-2030 (USD Million)
Fig. 45 Thailand market estimates and forecasts, 2018-2030 (USD Million)
Fig. 46 South Korea market estimates and forecasts, 2018-2030 (USD Million)
Fig. 47 Latin America market estimates and forecasts, 2018-2030 (USD Million)
Fig. 48 Brazil market estimates and forecasts, 2018-2030 (USD Million)
Fig. 49 Mexico market estimates and forecasts, 2018-2030 (USD Million)
Fig. 50 Argentina market estimates and forecasts, 2018-2030 (USD Million)
Fig. 51 Middle East and Africa. market estimates and forecasts, 2018-2030 (USD Million)
Fig. 52 Saudi Arabia market estimates and forecasts, 2018-2030 (USD Million)
Fig. 53 South Africa market estimates and forecasts, 2018-2030 (USD Million)
Fig. 54 UAE market estimates and forecasts, 2018-2030 (USD Million)
Fig. 55 Kuwait market estimates and forecasts, 2018-2030 (USD Million)

Companies Mentioned

  • Second Sight Medical Products LLP
  • Nidek Co. Ltd.
  • Nano Retina Ltd.
  • MetaModal LLC
  • BioMedical Technologies S.L.
  • Bionic Vision Technologies
  • Pixium Vision
  • Monash Vision Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages120
PublishedJanuary 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 259.1 Million
Forecasted Market Value ( USD ) by 2030 $ 699.5 Million
Compound Annual Growth Rate13.3%
Regions CoveredGlobal
No. of Companies Mentioned8

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