Market Size of Retinal Implants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Retinal Implants Market Analysis
The retinal implants market is believed to witness rapid growth which is majorly attributed to the growing burden of eye diseases across the globe and the technological advancements in the implants.
Retinal implants are the devices that are used to supplant phototransduction within the eyes of individuals who are suffering from vision loss. Retinal prostheses have undergone significant advances in the past few years. This has resulted in the development of several novel surgical approaches.
The use of technologies such as enhanced image processing algorithms and data transfer approaches along with the emerging nanofabrication and conductive polymerization techniques are thus propelling the demand for the retinal implants in developed nations of North America and Europe.
Added to that, there are various projects conducted for the development of retinal implants which represent the involvement of government organizations in retinal implants development. For instance, in Boston MA, the Boston Retinal Implant which is a subretinal retinal prosthesis was developed by the Boston Retinal Implant Project. Also, companies such as Pixium Vision are providing technologically advanced retinal implants which is giving a new direction to the technology used for these devices.
