DUBLIN--(BUSINESS WIRE)--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.
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
Key Players
- Advanced Artificial Eyes
- Erickson Laboratories
- F.Ad. Muller Sohne OHG
- Integrated Orbital Implants
- Ocular Prosthetics
- Second Sight
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/s4d786/global_artificial?w=4
