Global Artificial Retina Market Report By Product Type (Epiretinal Implants, Subretinal Implants, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

The global demand for Artificial Retina Market is presumed to reach the market size of nearly USD 7.16 BN by 2030 from USD 3.49 BN in 2022 with a CAGR of 9.4% under the study period 2023 - 2030.

An artificial retina, also known as a retinal prosthesis or bionic eye, is a medical device designed to restore vision to individuals with severe vision impairment or blindness caused by retinal diseases. The layer of tissue located at the rear of the eye, which houses specialized cells called photoreceptors, is responsible for converting light into electrical signals that the brain can interpret as visual information.

Market Dynamics

The increasing prevalence of retinal diseases, such as retinitis pigmentosa and age-related macular degeneration, fuels the demand for vision restoration options. Technological advancements such as improvements in microelectronics, biomaterials, and imaging are leading to more advanced and effective artificial retinas. There is a growing demand for artificial retinas as individuals with severe vision impairment or blindness seek solutions to regain functional vision and enhance their quality of life. Supportive regulatory environments and investments in research and development have facilitated the development and commercialization of these devices. The ageing population contributes to market growth as age-related retinal diseases become more prevalent. Additionally, increasing healthcare expenditure and patient advocacy efforts have increased accessibility and awareness of artificial retinas among individuals with vision impairment.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial retina. The growth and trends of artificial retina industry provide a holistic approach to this study. 

Market Segmentation

This section of the artificial retina market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Product Type

• Epiretinal Implants
• Subretinal Implants
• Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Artificial Retina market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Artificial Retina Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Artificial Retina market include LambdaVision, Inc., Nidek Co., Ltd., Altris, Inc., Optobionics, Vivani Medical Inc., Aetna Inc., Nano Retina,, Bionic Vision Technologies, Labtician Ophthalmics, Inc., Retina Implant AG,, Optobionics,, Pixium Vision, Pixium Vision,, Axorus, Nano Retina, Nidek Co. Ltd.,, Intelligent Medical implants,, Bionic Vision Australia,, Medtronic, Second Sight,. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.