Artificial Retina Market Size: Anticipated Growth to Reach USD 5.8784 Billion by 2031
The global artificial retina market generated $2,711.4 thousand 2021, and is estimated to reach $5,878.4 thousand by 2031, witnessing a CAGR of 8.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/request-sample/11243
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐จ๐ฏ๐ข๐-๐๐ ๐จ๐ง ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ:
- The COVID-19 pandemic outbreak had a negative impact on the growth of the artificial retina market. Most of the market players witnessed a decline in sales in 2020 due to the COVID-19 associated restrictions and lockdowns coupled with the cancellation of ophthalmic appointments, and shortage in supply chain
- For instance, according to CXOs, the highest cancellation rate of patients in ophthalmology department was observed accounting for 24.21% patients visit during pandemic.
- The market has normalized post the pandemic. Many companies conducting clinical trials of innovative retina implants are likely to launch their new products in the coming years, which will drive market growth during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ): https://www.alliedmarketresearch.com/checkout-final/artificial-retina-market
The report offers a detailed segmentation of the global artificial retina market based on product type and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on product type, the subretinal implants segment held the largest share in 2021, accounting for more than two-fifths of the global artificial retina market and would maintain its dominance in terms of revenue through 2031. Moreover, the same segment is estimated to witness the fastest CAGR of 8.6% during the forecast period. The report also discusses the epiretinal implants and others segments.
Based on region, the market in North America was the largest in 2021, accounting for more than 90% of the global artificial retina market share and is likely to maintain its leadership status during the forecast period. However, the LAMEA market is expected to manifest the highest CAGR of 10.7% from 2022 to 2031. The other regions analyzed in the study include Asia-Pacific and Europe.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ- https://www.alliedmarketresearch.com/purchase-enquiry/11243
Leading players of the global artificial retina market analyzed in the research include Second Sight, Nano Retina, Optobionics,, Retina Implant AG, Bionic Vision Australia, Pixium Vision, Intelligent Medical implants, Nidek Co. Ltd., Aetna Inc., Medtronic, Altris, Inc., Axorus, Bionic Vision Technologies, Labtician Ophthalmics, Inc., LambdaVision Inc., Nano Retina, Nidek Co. Ltd., Optobionics, Pixium Vision, and Vivani Medical Inc.
The report analyzes these key players of the global artificial retina market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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