Global Artificial Eye Market 2019-2023

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. Analysts predict the artificial eye market to grow at a CAGR of close to 8% by 2023.

Market Overview

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.

For the detailed list of factors that will drive and challenge the growth of the artificial eye market during 2019-2023, view this report.

Competitive Landscape

The global artificial eye market appears to be highly fragmented with the presence of several regional and international artificial eye manufacturers who compete to gain higher market position. Some of the factors that are positively impacting the growth of the market are the increasing prevalence of ophthalmic diseases and the growing demand for the custom-made ocular prosthesis. Some of the leading companies in the artificial eye market include Advanced Artificial Eyes, Erickson Laboratories, F.AD. MÜLLER SÖHNE OHG, Integrated Orbital Implants, Ocular Prosthetics, and SECOND SIGHT.

‘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.’

PART 01: EXECUTIVE SUMMARYPART 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

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

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

Market drivers

Market 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

Advanced Artificial Eyes

Erickson Laboratories

F.AD. MÜLLER SÖHNE OHG

Integrated Orbital Implants

Ocular Prosthetics

SECOND SIGHT

PART 14: APPENDIX

Research methodology

List of abbreviations

List of Exhibits

Exhibit 01: Global ophthalmology devices market size
Exhibit 02: Segments of global ophthalmology devices market size
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ thousands)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Integrated prosthetic eye - Market size and forecast 2018-2023 ($ thousands)
Exhibit 20: Integrated prosthetic eye - Year-over-year growth 2019-2023 (%)
Exhibit 21: Non-integrated prosthetic eye - Market size and forecast 2018-2023 ($ thousands)
Exhibit 22: Non-integrated prosthetic eye - Year-over-year growth 2019-2023 (%)
Exhibit 23: Retinal prosthetics - Market size and forecast 2018-2023 ($ thousands)
Exhibit 24: Retinal prosthetics - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by product
Exhibit 26: Customer landscape
Exhibit 27: Market share by geography 2018-2023 (%)
Exhibit 28: Geographic comparison
Exhibit 29: Americas - Market size and forecast 2018-2023 ($ thousands)
Exhibit 30: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 31: EMEA - Market size and forecast 2018-2023 ($ thousands)
Exhibit 32: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ thousands)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: Key leading countries
Exhibit 36: Market opportunity
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Vendors covered
Exhibit 41: Vendor classification
Exhibit 42: Market positioning of vendors
Exhibit 43: Advanced Artificial Eyes - Vendor overview
Exhibit 44: Advanced Artificial Eyes - Service segments
Exhibit 45: Advanced Artificial Eyes - Key offerings 91
Exhibit 46: Advanced Artificial Eyes - Key customers
Exhibit 47: Erickson Laboratories - Vendor overview
Exhibit 48: Erickson Laboratories - Service segments
Exhibit 49: Erickson Laboratories - Key offerings
Exhibit 50: Erickson Laboratories - Key customers
Exhibit 51: F.AD. MÜLLER SÖHNE OHG - Vendor overview
Exhibit 52: F.AD. MÜLLER SÖHNE OHG - Business segments
Exhibit 53: F.AD. MÜLLER SÖHNE OHG - Key offerings
Exhibit 54: F.AD. MÜLLER SÖHNE OHG - Key customers
Exhibit 55: Integrated Orbital Implants - Vendor overview
Exhibit 56: Integrated Orbital Implants - Product segments
Exhibit 57: Integrated Orbital Implants - Key offerings
Exhibit 58: Integrated Orbital Implants - Key customers
Exhibit 59: Ocular Prosthetics - Vendor overview
Exhibit 60: Ocular Prosthetics - Service segments
Exhibit 61: Ocular Prosthetics - Key offerings
Exhibit 62: Ocular Prosthetics - Key customers
Exhibit 63: SECOND SIGHT - Vendor overview
Exhibit 64: SECOND SIGHT - Business segments
Exhibit 65: SECOND SIGHT - Organizational developments
Exhibit 66: Geographic focus
Exhibit 67: SECOND SIGHT - Key offerings
Exhibit 68: SECOND SIGHT - Key customers

Executive Summary

Global Artificial Eye Market 2019-2023

The author of the report recognizes the following companies as the key players in the global artificial eye market: Advanced Artificial Eyes, Erickson Laboratories, F.AD. MÜLLER SÖHNE OHG, Integrated Orbital Implants, Ocular Prosthetics, and SECOND SIGHT.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for the custom-made ocular prosthesis.”

According to the report, one of the major drivers for this market is the increasing prevalence of ophthalmic diseases.

Further, the report states that one of the major factors hindering the growth of this market is the high device and implantation costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.