Overview
The Retinal Implants Market growing at a CAGR of 9.1% during the forecast period (2024-2031).
Retinal prostheses, also known as bionic eyes, are implantable electronic devices designed to restore visual sensations in individuals suffering from severe retinal disorders, such as age-related macular degeneration or retinitis pigmentosa, where the optic nerve and visual cortex remain functional.
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Market Growth Trends
The growing incidence of retinal damage and the expanding geriatric population are expected to fuel market growth.
Key drivers of the retinal implants market include rising demand for implants, technological advancements, an aging population, increased investments in research and development, a surge in ocular diseases, and the development of innovative products leveraging cutting-edge technology. Additionally, improvements in medical infrastructure in emerging markets further contribute to the market's expansion.
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Market is segmented
By Product Type: Argus II Retinal Prosthesis System, Retina Implant Alpha IMS, Photovoltaic Retinal Implant (PRIMA), EPI-RET3, Intelligent Retinal Implant System (IRIS V2), Suprachoroidal Retinal Prosthesis, Subretinal Retinal Prosthesis
By Implants Type: Epiretinal, Subretinal, Suprachoroidal
By Application: Retinitis Pigmentosa, Age-Related Macular Degeneration, Diabetic Eye Disease, Retinal Detachment
By End User: Hospitals, Ambulatory Surgical Centers, Eye Care Centers
By Region: North America, South America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
- Bionic Vision Technologies
- Vivani Medical, Inc.
- Samsara Vision Inc.
- Visus Technology Inc.
- Pixium Vision
- Nano Retina
- Labtician Ophthalmics, Inc.
- VisionCare, Inc.
- Cicor Management AG
- Second Sight Medical Products Inc
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