A visual prosthesis or bionic eye is an experimental visual device intended to restore functional vision in those suffering from partial or total blindness. Many surgeries and devices have been developed to cure the blindness of the people. The bionic organs are artificial organs constructed in a way so that they can imitate the functions of the damaged organ to operate appropriately.
MARKET DYNAMICS
The bionic eye market is anticipated to grow in the market as the market is projected to grow during the forecast period owing to the increasing demand for artificial organs in the healthcare sector. However, traumatic injuries like traffic accidents, cancer, birth defects, and diabetes have been the risk factors people are losing their eye sights to; that is also a prominent factor that can cause severe eye injuries.
MARKET SCOPE
The "Bionic Eye Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of in bionic eye market with detailed market segmentation by type, technology, end user and geography. The bionic eye market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading in bionic eye market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The bionic eye market is segmented on the basis of type, technology and by end user. Based on type the market is segmented as external eye and implanted eye. On the basis of technology the market is segmented as electronic and mechanical. On the basis of end user the market is categorized as hospitals, clinics and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in bionic eye market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bionic eye market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting bionic eye market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the bionic eye market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in bionic eye market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bionic eye market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting bionic eye market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the bionic eye market in these regions.
MARKET PLAYERS
The report covers key developments in the in bionic 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from in bionic eye market are anticipated to have lucrative growth opportunities in the future with the rising demand for in bionic eye market in the global market. Below mentioned is the list of few companies engaged in the Bionic Eye market.
The report also includes the profiles of key in bionic eye market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abiomed
- Berlin Heart
- Bionic Vision
- iBionics
- NeoStrata Company
- Pixium Vision
- Retina Implant AG
- Second Sight Medical Products
- The Bionic Eye
- Zimmer Biomet
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bionic Eye Market - By Type
1.3.2 Bionic Eye Market - By Technology
1.3.3 Bionic Eye Market - By End User
1.3.4 Bionic Eye Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIONIC EYE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BIONIC EYE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BIONIC EYE MARKET - GLOBAL MARKET ANALYSIS
6.1. BIONIC EYE - GLOBAL MARKET OVERVIEW
6.2. BIONIC EYE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIONIC EYE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. EXTERNAL EYE
7.3.1. Overview
7.3.2. External Eye Market Forecast and Analysis
7.4. IMPLANTED EYE
7.4.1. Overview
7.4.2. Implanted Eye Market Forecast and Analysis
8. BIONIC EYE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONIC
8.3.1. Overview
8.3.2. Electronic Market Forecast and Analysis
8.4. MECHANICAL
8.4.1. Overview
8.4.2. Mechanical Market Forecast and Analysis
9. BIONIC EYE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. BIONIC EYE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Bionic Eye Market Overview
10.1.2 North America Bionic Eye Market Forecasts and Analysis
10.1.3 North America Bionic Eye Market Forecasts and Analysis - By Type
10.1.4 North America Bionic Eye Market Forecasts and Analysis - By Technology
10.1.5 North America Bionic Eye Market Forecasts and Analysis - By End User
10.1.6 North America Bionic Eye Market Forecasts and Analysis - By Countries
10.1.6.1 United States Bionic Eye Market
10.1.6.1.1 United States Bionic Eye Market by Type
10.1.6.1.2 United States Bionic Eye Market by Technology
10.1.6.1.3 United States Bionic Eye Market by End User
10.1.6.2 Canada Bionic Eye Market
10.1.6.2.1 Canada Bionic Eye Market by Type
10.1.6.2.2 Canada Bionic Eye Market by Technology
10.1.6.2.3 Canada Bionic Eye Market by End User
10.1.6.3 Mexico Bionic Eye Market
10.1.6.3.1 Mexico Bionic Eye Market by Type
10.1.6.3.2 Mexico Bionic Eye Market by Technology
10.1.6.3.3 Mexico Bionic Eye Market by End User
10.2. EUROPE
10.2.1 Europe Bionic Eye Market Overview
10.2.2 Europe Bionic Eye Market Forecasts and Analysis
10.2.3 Europe Bionic Eye Market Forecasts and Analysis - By Type
10.2.4 Europe Bionic Eye Market Forecasts and Analysis - By Technology
10.2.5 Europe Bionic Eye Market Forecasts and Analysis - By End User
10.2.6 Europe Bionic Eye Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Bionic Eye Market
10.2.6.1.1 Germany Bionic Eye Market by Type
10.2.6.1.2 Germany Bionic Eye Market by Technology
10.2.6.1.3 Germany Bionic Eye Market by End User
10.2.6.2 France Bionic Eye Market
10.2.6.2.1 France Bionic Eye Market by Type
10.2.6.2.2 France Bionic Eye Market by Technology
10.2.6.2.3 France Bionic Eye Market by End User
10.2.6.3 Italy Bionic Eye Market
10.2.6.3.1 Italy Bionic Eye Market by Type
10.2.6.3.2 Italy Bionic Eye Market by Technology
10.2.6.3.3 Italy Bionic Eye Market by End User
10.2.6.4 Spain Bionic Eye Market
10.2.6.4.1 Spain Bionic Eye Market by Type
10.2.6.4.2 Spain Bionic Eye Market by Technology
10.2.6.4.3 Spain Bionic Eye Market by End User
10.2.6.5 United Kingdom Bionic Eye Market
10.2.6.5.1 United Kingdom Bionic Eye Market by Type
10.2.6.5.2 United Kingdom Bionic Eye Market by Technology
10.2.6.5.3 United Kingdom Bionic Eye Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Bionic Eye Market Overview
10.3.2 Asia-Pacific Bionic Eye Market Forecasts and Analysis
10.3.3 Asia-Pacific Bionic Eye Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Bionic Eye Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Bionic Eye Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Bionic Eye Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Bionic Eye Market
10.3.6.1.1 Australia Bionic Eye Market by Type
10.3.6.1.2 Australia Bionic Eye Market by Technology
10.3.6.1.3 Australia Bionic Eye Market by End User
10.3.6.2 China Bionic Eye Market
10.3.6.2.1 China Bionic Eye Market by Type
10.3.6.2.2 China Bionic Eye Market by Technology
10.3.6.2.3 China Bionic Eye Market by End User
10.3.6.3 India Bionic Eye Market
10.3.6.3.1 India Bionic Eye Market by Type
10.3.6.3.2 India Bionic Eye Market by Technology
10.3.6.3.3 India Bionic Eye Market by End User
10.3.6.4 Japan Bionic Eye Market
10.3.6.4.1 Japan Bionic Eye Market by Type
10.3.6.4.2 Japan Bionic Eye Market by Technology
10.3.6.4.3 Japan Bionic Eye Market by End User
10.3.6.5 South Korea Bionic Eye Market
10.3.6.5.1 South Korea Bionic Eye Market by Type
10.3.6.5.2 South Korea Bionic Eye Market by Technology
10.3.6.5.3 South Korea Bionic Eye Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Bionic Eye Market Overview
10.4.2 Middle East and Africa Bionic Eye Market Forecasts and Analysis
10.4.3 Middle East and Africa Bionic Eye Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Bionic Eye Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Bionic Eye Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Bionic Eye Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Bionic Eye Market
10.4.6.1.1 South Africa Bionic Eye Market by Type
10.4.6.1.2 South Africa Bionic Eye Market by Technology
10.4.6.1.3 South Africa Bionic Eye Market by End User
10.4.6.2 Saudi Arabia Bionic Eye Market
10.4.6.2.1 Saudi Arabia Bionic Eye Market by Type
10.4.6.2.2 Saudi Arabia Bionic Eye Market by Technology
10.4.6.2.3 Saudi Arabia Bionic Eye Market by End User
10.4.6.3 U.A.E Bionic Eye Market
10.4.6.3.1 U.A.E Bionic Eye Market by Type
10.4.6.3.2 U.A.E Bionic Eye Market by Technology
10.4.6.3.3 U.A.E Bionic Eye Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Bionic Eye Market Overview
10.5.2 South and Central America Bionic Eye Market Forecasts and Analysis
10.5.3 South and Central America Bionic Eye Market Forecasts and Analysis - By Type
10.5.4 South and Central America Bionic Eye Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Bionic Eye Market Forecasts and Analysis - By End User
10.5.6 South and Central America Bionic Eye Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Bionic Eye Market
10.5.6.1.1 Brazil Bionic Eye Market by Type
10.5.6.1.2 Brazil Bionic Eye Market by Technology
10.5.6.1.3 Brazil Bionic Eye Market by End User
10.5.6.2 Argentina Bionic Eye Market
10.5.6.2.1 Argentina Bionic Eye Market by Type
10.5.6.2.2 Argentina Bionic Eye Market by Technology
10.5.6.2.3 Argentina Bionic Eye Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. BIONIC EYE MARKET, KEY COMPANY PROFILES
12.1. ABIOMED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BERLIN HEART
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BIONIC VISION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. IBIONICS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NEOSTRATA COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PIXIUM VISION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. RETINA IMPLANT AG
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SECOND SIGHT MEDICAL PRODUCTS
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE BIONIC EYE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZIMMER BIOMET
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Abiomed
2. Berlin Heart
3. Bionic Vision
4. iBionics
5. NeoStrata Company
6. Pixium Vision
7. Retina Implant AG
8. Second Sight Medical Products
9. The Bionic Eye
10. Zimmer Biomet
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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