The global retinal implant market size is expected to reach USD 74.7 million by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 10.6% over the forecast period. Increasing prevalence of target diseases, and rising geriatric population are the key driving factors for the market. Rising capability of restoring vision is anticipated to bode well for demand over the forecast period.
Laser
therapy and Photodynamic Therapy (PTD) and some of the conventional treatments
available for Retinitis Pigmentosa (RP) and Age-Related Macular Degeneration
(AMD). Drugs such as Lucentis, Macugen, Eylea, and Vitamin A are a part of
therapeutic treatment. Such treatments aid in reducing disease progression and
thereby, delaying blindness. However, none of these treatments can completely
cure the disease and restore vision. As a result, treatment procedures that
restore vision are highly in demand.
Currently
approved devices are capable of restoring vision with the help of electrodes,
camera chips, lenses, software, and other tools. Moreover, implantable
miniature telescope, Argus II is easy to use and enables patients to carry out
their daily activities with ease. Furthermore, these devices can be used for a
prolonged period of time, eliminating the need for another surgery. Therefore,
the capability of advanced implantable devices to restore vision is expected to
propel the market growth in near future.
Increasing
geriatric population and rising disposable income in developing economies such
as Japan, China, and India are also expected to boost the retinal implant
market over the forecast period. Moreover, increasing healthcare expenditure by
governments and private sectors and initiatives by major market players to
operate in untapped regions are also anticipated to propel the growth in the
forthcoming years.
Full Research Report On Retinal Implant Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/retinal-implant-market
Further key
findings from the study suggest:
- In terms of revenue, implantable miniature
telescope segment is projected to expand at the highest CAGR over the
forecast period. Increasing prevalence of AMD among geriatric population
and usage of implantable devices to treat vision problems might drive the
segment’s growth over the forecast period
- In 2026, Asia-Pacific market is expected to
witness the fastest CAGR over the forecast period owing to increasing
geriatric population and disposable income
- VisionCare, Inc.; Retina Implant AG; and Second
Sight Medical Products, Inc. are expected to dominate the retinal implant
market over the forecast period.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/retinal-implant-market/request/rs1
Grand View Research has
segmented the global retinal implant market on the basis of device type and
region:
Retinal Implant
Device Type Outlook (Revenue USD Million; 2014 - 2026)
- Retina Implant Alpha AMS
- Implantable Miniature Telescope
- Argus II
- Others
Retinal Implant
Regional Outlook (Revenue, USD Million; 2014 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- MEA
- Saudi Arabia
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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