Global Artificial Eye
Market Report
2024
Global Artificial Eye market size was valued at $1.76 Billion in 2022 and it is forecasted to reach $3.1 Billion by 2030. Artificial Eye Industry's Compound Annual Growth Rate will be 7.23% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the published report, Global Artificial Eye market size was valued at $1.76 Billion in 2022 and it will reach at $1.84 Billion by the end of 2023. Artificial Eye market is forecasted to reach $3.12 Billion by 2030. Artificial Eye Industry's Compound Annual Growth Rate will be 7.23% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Artificial Eye Market Sales Revenue 2022 | $ 1.76 Billion |
Global Artificial Eye Market Sales Revenue 2030 | $ 3.1 Billion |
Global Artificial Eye Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.23% |
Market Split by Product Type |
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Market Split by Technology |
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Market Split by End User |
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Market Split by Shell type |
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Market Split by Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Artificial Eye Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A form of cranial prosthesis known as an ocular prosthesis, artificial eye, or glass eye replaces a missing natural eye after an enucleation, evisceration, orbital exenteration. The rise in the number of people suffering from complete or partial blindness is a vital factor escalating the market growth, Moreover, the availability of comparably less expensive alternative treatments and the high cost of therapy are anticipated to limit market growth. The market will expand in the upcoming years due to low-cost artificial eye implantation techniques and other technological advancements in the manufacture of these prosthetics.
Artificial Eye MarketIncreasing the geriatric population is expected to grow the Artificial Eye market
The aging population is one of the key factors contributing to the increased prevalence of eye problems. Age-related eye disorders are more likely to occur due to increasing age. Among the most prevalent age-related eye conditions are cataracts, glaucoma, macular degeneration(AMD), and diabetic retinopathy. If ignored these disorders can result in gradual eyesight loss, impacting everyday activities and general quality of life. Moreover, refractive errors and age-related eye problems also increased, resulting in visual impairment. Many people around the world are affected by myopia, hyperopia, and presbyopia. These problems result in the form of anomalies in the eye’s shape, which makes it difficult to focus on objects at different distances, thus the use of eye machines and artificial eyes are driving the market growth.
The high cost of artificial eyes can be a significant restraining factor for the market. The development, customization, and fitting of prosthetic eyes require specialized expertise and materials, which can make them expensive. The high cost may limit accessibility for some individuals, particularly in regions with limited healthcare resources or inadequate insurance coverage. future more complications related to the artificial eye and sometimes failure of the operation are the drawbacks that restrain the market Moreover As there are many options or alternative treatments these factors hamper the market growth.
The outbreak of COVID-19 severely impacted the regional market. However, in 2021, due to the introduction of COVID-19 vaccines, lifting lockdowns and rescheduling surgical operations contributed to the growth of the regional market. The artificial eye market share growth in the integrated prosthetic eye segment will be significant during the forecast period. Moreover, Evidence suggests that human osteoblasts and fibroblasts appear to grow better on bioceramics when compared with their growth on hydroxyapatite. Therefore, bioceramic is more biocompatible than hydroxyapatite, less expensive than hydroxyapatite, and can be adequately tolerated in the eye socket. This boosted the market in the post-pandemic situation
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Artificial Eye Industry: (In no particular order of Rank)
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North America's artificial eye market is forecasted to experience a positive outlook over the coming years due to supportive government policies, expanding healthcare landscape, increasing medical tourism, and rising healthcare costs in the region. According to the CDC, the annual economic impact of vision-related health problems in the United States is around USD 51.4 billion. The frequency of various vision impairments and chronic eye disorders is rising across the diverse economies of North America, which will boost the value of artificial eyes.
The current report Scope analyzes Artificial Eye Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Artificial Eye Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Artificial Eye Industry growth. Artificial Eye market has been segmented with the help of its Product Type, Technology End User, and others. Artificial Eye market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Integrated implants are made of permeable material such as porous polyethylene. These materials enable the tissue in the eye socket to grow into the implant, consequently making it an effective body part. This allows them to function as an integral part of the body. The porosity nature of integrated implants facilitates fibrovascular ingrowth throughout the implant making it possible for the insertion of posts.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Artificial Eye Industry. Request a Free Sample PDF!
The electronic market is expanding at a rapid rate as the industry is been driven by a number of factors technological development and digitalization is the most booming market. The market for consumer electronics is currently lucrative. Due to the existence of multiple major manufacturers, an expanding population has led to the market growth of the segment
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Artificial Eye market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Artificial Eye Market is witnessing significant growth in the near future.
In 2023, the Integrated segment accounted for noticeable share of global Artificial Eye Market and is projected to experience significant growth in the near future.
The Electronic segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Alcon Inc , Carl Zeiss AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Integrated, Semi-integrated, Non-integrated |
Technology | Electronic, Mechanical |
End User | Hospitals, Ambulatory surgical centers, Others |
Shell type | Single shell, Double shell |
Type | Moulded Prosthesis, Cosmetic Shell |
List of Competitors | Alcon Inc, Bionic Vision Technologies, Carl Zeiss AG, Erickson Laboratories and F.AD, Muller Sohne GmbH and Co. KG, Ferdinand A. Forster GmbH, Integrated Orbital Implants, International Prosthetic Eye Center, Marie Allen Ocularist Ltd, Midwest Eye Laboratories, Molteno Ophthalmic, Nano Retina, National Artificial Eye Services, Ocular Prosthetics Inc., PIXIUM VISION, Rocky Mountain Anaplastology Inc., Second Sight Medical Products Inc., Artificial Eyes Pty Ltd., NIDEK Co. Ltd, Others |
This chapter will help you gain GLOBAL Market Analysis of Artificial Eye. Further deep in this chapter, you will be able to review Global Artificial Eye Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Artificial Eye Market Trends North America Artificial Eye Technological Road Map North America Artificial Eye Market Drivers North America Artificial Eye Market Restraints North America Artificial Eye Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Technology Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
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Chapter 13 Market Split by Shell type Analysis 2019 -2031
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Chapter 14 Market Split by Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Artificial Eye market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Integrated have a significant impact on Artificial Eye market? |
What are the key factors affecting the Integrated and Semi-integrated of Artificial Eye Market? |
What is the CAGR/Growth Rate of Electronic during the forecast period? |
By type, which segment accounted for largest share of the global Artificial Eye Market? |
Which region is expected to dominate the global Artificial Eye Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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