by The bionic eye market size is poised to grow by USD 1,074.64 million by 2032 from USD 286.1 million in 2022, exhibiting a CAGR of 14.2% during the forecast period 2023-2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the external eye segment has held the largest market share of 62% in 2022.
- By type, the implanted eye segment is anticipated to grow at a remarkable CAGR of 18.1% between 2023 and 2032.
- By technology, the electronic segment generated over 72% of revenue share in 2022.
- By technology, the mechanical segment is expected to expand at the fastest CAGR over the projected period.
- By indication, the vision loss and impairment segment generated over 68% of revenue share in 2022.
- By indication, the dry age-related macular degeneration segment is expected to expand at the fastest CAGR of 17.5% in the projected period.
- By end-users, the hospitals segment had the largest market share of 59% in 2022.
- By end-users, the ophthalmic clinics segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Bionic eye market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Bionic eye Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Bionic Eye Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 14.2% |
| Market Size in 2023 | USD 325.30 Million |
| Market Size by 2032 | USD 1,074.64 Million |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Technology, and By End Users |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Bionic eye market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Bionic eye Market. Our market report for the Bionic eye market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Bionic Eye Market Players
- Second Sight Medical Products, Inc.
- Pixium Vision
- Retina Implant AG
- Bionic Vision Australia
- iBionics
- Nano Retina
- The Johns Hopkins University
- MicroOptical
- Bionic Eye Technologies
- Optobionics Corporation
- Biomedical Technologies Inc.
- Monash Vision Group
- Nano Retina (Israel)
- MetaModal LLC
- Neostrata Company, Inc.
- Intelligent Retinal Implant System
Data Sources and Methodology
To gather comprehensive insights on the Global Bionic eye Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Bionic eye Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Bionic eye market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Type
- External Eye
- Implanted Eye
By Technology
- Electronic
- Mechanical
By End Users
- Hospitals
- Ophthalmic Clinics
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Bionic eye market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Bionic eye market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Bionic eye market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Bionic eye market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Bionic Eye Market
5.1. COVID-19 Landscape: Bionic Eye Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Bionic Eye Market, By Type
8.1. Bionic Eye Market Revenue and Volume, by Type, 2023-2032
8.1.1 External Eye
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Implanted Eye
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Bionic Eye Market, By Technology
9.1. Bionic Eye Market Revenue and Volume, by Technology, 2023-2032
9.1.1. Electronic
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Mechanical
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Bionic Eye Market, By End Users
10.1. Bionic Eye Market Revenue and Volume, by End Users, 2023-2032
10.1.1. Hospitals
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Ophthalmic Clinics
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Others
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Bionic Eye Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Technology (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by End Users (2020-2032)
Chapter 12. Company Profiles
12.1. Second Sight Medical Products, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Pixium Vision
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Retina Implant AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Bionic Vision Australia
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. iBionics
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Nano Retina
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. The Johns Hopkins University
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. MicroOptical
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Bionic Eye Technologies
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Optobionics Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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