The Global Market for Artificial Eye (2019-2023): Expected to Register a CAGR of Approx 8%

| Source: Research and Markets Research and Markets

Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Global Artificial Eye Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The artificial eye market to grow at a CAGR of close to 8% by 2023.

The psychological well-being of individuals can be affected by ophthalmic defects or injuries caused due to trauma, ophthalmology diseases, retinal cancer, and individuals with moderately shrunken eyeballs or children with anophthalmos or microphthalmos.

Hence, companies are focusing on developing custom-made prosthetic eyes that improve the confidence and improves the psychological wellness of patients. Therefore, the increasing demand for custom-made ocular prosthetics is boosting the overall growth of the artificial eye market.

Increase the prevalence of ophthalmic diseases

Over the years, the prevalence of ophthalmic diseases has been increasing, which is driving the demand for ocular prosthesis across the world. The incidence of severe injuries, congenital eye diseases, and other severe eye diseases that result in loss of eyes are increasing the demand for artificial eyes, which ultimately drives the global market.

High device and implantation cost

Artificial eyes and implantation procedures are expensive. The high cost of artificial eyes makes it expensive for end-users without insurance coverage. In fact, some medical insurance plans do not cover the entire cost of prosthetic eye implantations. This is expected to be a major challenge for the global artificial eye market.

Competitive Landscape

With the presence of a considerable number of companies, this market appears to be highly fragmented. Most of the artificial eye suppliers are focused on developing custom-made ocular prosthesis due to the growing demand for personalized and customized eye care.

Key Players

  • Advanced Artificial Eyes
  • Erickson Laboratories
  • F.Ad. Muller Sohne OHG
  • Integrated Orbital Implants
  • Ocular Prosthetics
  • Second Sight

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Integrated prosthetic eye - Market size and forecast 2018-2023
  • Non-integrated prosthetic eye - Market size and forecast 2018-2023
  • Retinal prosthetics - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Increasing demand for custom-made ocular prosthesis
  • Paradigm shift of ocular prosthesis procedures from hospitals to ASCs
  • Increasing medical tourism for low-cost ocular prosthesis treatments

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/2hz447/the_global_market?w=12

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