The global artificial retina market is anticipated to grow at a CAGR of 8.1% during the forecast period (2023-2030). Retinal diseases are increasingly causing visual impairment on a global scale. According to the National Library of Medicine, retinal disorders affect 52.4% of individuals aged 60 years and above. Common retinal disorders include AMD, hypertensive retinopathy, ERM, BRVO, and DR. These disorders become more prevalent with age and are often associated with hypertension and prior cataract surgery. Hence, companies are dedicating their efforts to product development, employing various strategies such as partnerships, mergers, and acquisitions.
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For instance, in August 2022, Second Sight merged with Nano Precision Medical, a biotech startup that is developing its own implant for drug delivery. Second Sight’s technologies are now being spun out into a new company called Cortigent. Cortigent will not be developing or building any retinal-device upgrades for the Argus II, however, it will continue to provide replacement parts for existing users. The company’s focus will be on developing the Orion brain implant, which is designed to restore vision to blind people. Cortigent is also developing a new device to help people recover mobility after suffering a stroke.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Type
o By End User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Altris, Inc., Axorus, Bionic Vision Technologies, Intelligent Implants, Ltd., Labtician Ophthalmics, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Artificial Retina Market Report Segment
By Type
- Epiretinal Implants
- Subretinal Implants
- Epineural Implants
By End User
- Hospital
- Clinics
- Research Institutes
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Global Artificial Retina Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Altris, Inc.
- Axorus
- Bionic Vision Technologies
- Intelligent Implants, Ltd.
- Labtician Ophthalmics, Inc.
- LambdaVision, Inc.
- Medtronic
- Nano Retina
- Nidek Co. Ltd.
- Optobionics
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
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