Artificial Retina Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

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. 

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.

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Market Coverage

                 The market number available for – 2022-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

·                  By Type

·                  By End User

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

                 Competitive Landscape- includes Altris, Inc., Axorus, Bionic Vision Technologies, Intelligent Implants, Ltd., Labtician Ophthalmics, Inc., and others.

Artificial Retina Market Report Segment

By Type

                 Epiretinal Implants

                 Subretinal Implants

                 Epineural Implants

By End User

                 Hospital

                 Clinics

                 Research Institutes

A full Report of Artificial Retina Market is Available @  https://www.omrglobal.com/industry-reports/artificial-retina-market

Artificial Retina Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles

                 Altris, Inc.

                 Axorus

                 Bionic Vision Technologies

                 Intelligent Implants, Ltd.

                 Labtician Ophthalmics, Inc.

                 LambdaVision, Inc.

                 Medtronic

                 Nano Retina

                 Nidek Co. Ltd.

                 Optobionics 

                 Retina Implant AG

                 Vivani Medical Inc.

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