Ocular prosthesis is an artificial eye, which is implanted in patients who have lost their eye due to various causes such as trauma, surgery, cancer, or in patients with shrunken damaged eyes (phthisical eyes), congenital absence (anophthalmos) or abnormally small sized eyes (microphthalmos) with no visual potential. These conditions result in cosmetic disfigurement of the face which impactsthe patients psychologically andacts as a social stigma.The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.
The "Global Prosthetic Eye Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the prosthetic eye market with detailed market segmentation by product, technology, end-use, and geography. The report provides key statistics on the market status of the leading prosthetic eye market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The prosthetic eye market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the prosthetic eye market in these regions.
IMPACT OF COVID-19 ON PROSTHETIC EYE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. Ophthalmologists are at heightened risk of infection due to exposure to viral particles through these routes in routine face-to-face ophthalmic clinical examination by slit lamp or direct ophthalmoscope during which they are near patients. COVID-19 has as much impact on other disciplines of medicine as on ophthalmology. In a time of pandemic, we tend to maintain social distancing and avoid crowded areas and clustering, especially clinics or hospitals, to avoid the risk of infection.
With the rapid advancement of artificial intelligence and the emergence of fifth-generation (5G) mobile network, smartphone-based apps, telemedicine, and online consultations would likely gain popularity as a modality of innovative and supplementary medical service. Some institutions around the world, including those in the Asia-Pacific regions such as China and Hong Kong, are actively implementing and refining their online platforms to maintain clinical services while the pandemic ensues. Governments and institutions may take advantage of their advanced technologies and the demand for medical services at safe distances during this period to turn the challenges brought by COVID-19 into opportunities.
The report covers key developments in the prosthetic eye market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from prosthetic eye market are anticipated to lucrative growth opportunities in the future with the rising demand for prosthetic eye in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the prosthetic eye market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.