Global Artificial Retina Market is Expected to grow US$ 102.9 Million by 2023
Posted by Nohaliam on August 28th, 2017
Global Artificial Retina Market information, by Type of Retinal implant (Epiretinal Implants, Subretinal Implants), by End User (Eye hospitals, Research laboratories, and others) - Forecast to 2023
— Normally, eyes should give a lifetime’s service, but sometimes they can be affected by conditions you were born with or which develop as you grow older. Eye or sight problems can occur at any time. Retinal degeneration is one of the sight problems. Retinal degeneration is major reason for blindness in humans and no clinical treatments can cure this medical condition. Retinitis pigmentosa (RP) is rare and inherited eye disorder that causes progressive degeneration of the rod photoreceptor cells of the retina which leads to blindness. Artificial retina is new hope for blind people and helps blind person to see objects. Artificial retina is placed either in the internal surface of the retina or outer surface of retina. There are around 1.5 million people suffering from retinitis pigmentosa which ultimately causes blindness. Approximately, 280 million people with visual impairment and about 40 million people are completely blind.
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Artificial retina manufacturers are making huge financial investments in R&D which is leading to new and innovative product development resulting in driving the growth for the market in turn. According to a recent study report published by the Market Research Future, The Global Market of Artificial Retina is growing steadily and is expected to continue its growth in the near future. Global artificial retina market is expected to grow to US$ 102.9 million by 2023 at CAGR of 2.1%.
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Players operating in the market are emphasizing on price level strategy in order to enhance their business presence worldwide. However, the pricing trend could potentially benefit the company on a shorter scale during the forecast period. Most major players stand to gain from investing in R&D activities to capitalize on long-term lucrative opportunities due to patent products and innovative technologies.
Artificial Retina Global Market – Segments
Artificial Retina Market – Regional Analysis
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The report for Global Artificial Retina Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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About the AuthorNohaliam
Joined: August 21st, 2017
Articles Posted: 60
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