World Digital Genome Market Analysis, Industry Demand, Growth, Trend and Business Prospect by Forecast

Digital Genome Market

The penetration of advanced technology in the healthcare sector has developed various techniques for studying different parameters in this sector. Digital genome is one such emerging technology that avails the complete set of genes in digital format which aid in the detailed understanding of genes and their biological functions. According to the report that has been published by Market research Future (MRFR), the global digital genome market is anticipated to project significant growth in the coming years.

Market Drivers and Restraints:

The high prevalence of various genetic disorders has generated the emergence of advanced techniques to study the issues and find remedies to them. The digital genome technology allows the scientists to convert a large amount of data into more sorted and simpler format which help them in solving the problems. The digital genome technology provides overall genetic make-up of the disease which aids in making critical decisions regarding the treatment procedures. The high demand for simplified genetic information in order to shorten the time required for understanding the diseases and providing relevant treatments is majorly driving the growth of the global digital genome market.

The rapidly increasing geriatric population, current developments in the biotech sector, increasing prevalence of Alzheimer's disease and increasing research in the field of genomics are some of the major factors that are fueling the growth of the global digital genome market. However, the high cost of digital genome technology, lack of knowledge regarding digital genome, security issues and inaccuracy of the results are likely to create hindrance in the expansion of the global digital genome market.

Major Key Players:

The Digital Genome Market Players by MRFR are Umbel, BiogeniQ, GenomeMe, NanoString, Illumina, Inc. and others.

Segment Analysis

The global digital genome market is segmented into diseases, end-users, and applications. 

By disease, the market is segmented into cancer, diabetes, and others. Cancer research segment has the largest market share. Increasing incidences of cancer and rise in demand for personalized medicine in molecular characterization of cancer is driving the market and is expected to generate a healthy revenue. 

Market segmentation based on end-users include hospitals, research laboratories, and others. Research laboratories are leading the digital genome market share. Growing number of private and public investments in research and development is expected to boost the global market. In addition, Microbiology applications are experiencing a sharp growth owing to its demand from industrial, biological and clinical sectors.

Application-based segmentation has diagnostics, drug discovery, academic research, agriculture & animal research, personalized medicine, and others. Biopharmaceutical companies contribute the maximum. Extensive application of genome technology has spurred a growth in this segment. Academic research institutes are set to witness high growth as investors are trying to gain more by exploring rarely charted areas of the ecosystem.

Regional Analysis

Geographically, the global digital genome market is segmented into four major regions such as Americas, Asia Pacific, Europe and the Middle East and Africa. The global digital genome market is currently dominated by the Americas, owing to the high prevalence of chronic diseases such as cancer and diabetes and increasing research expenditure for development of proper treatments in this region

The skyrocketing demand for personalized medication and targeted therapy in the Europe region is fueling the growth of the digital genome market in this region. Whereas, the Asia Pacific region is anticipated to witness significant growth in the global digital genome market owing to the rapid development in the field of biotechnology and rising healthcare spending in this region.

The Middle East and Africa region accounts for the least share in the global digital genome market owing to the poor primary healthcare services and low penetration of advanced technology in the healthcare sector in various underdeveloped areas of this region.

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Retina Health Market Size, Share, Regional Trends, Industry Leading Players, and Forecast Period of 2022-2030

Retina Health Market

One of the main reasons influencing the market is the rising occurrences of visual impairment and myopia population, notably during the COVID-19 pandemic, due to increased screen usage and participation in virtual meetings while working from home. High myopia is associated with a higher chance of developing several chronic eye conditions, including cataracts, glaucoma, and age-related macular degeneration. The market is also being driven by an increase in the choice of eye health supplements among older people and millennials who are more prone to digital eye strain and myopia. The number of retinal illnesses such as diabetic retinopathy and diabetic macular edema is increasing due to the increased incidence of diabetes in emerging economies.

By 2030, the retina health market is anticipated to grow at a CAGR of 7.01% and reach USD 24.22 billion.

During the projected period, the market for retinal disease treatments is anticipated to rise as more skilled experts become available around the globe that specialize in the treatment of retinal diseases. Millions of people worldwide are affected by two major retinal diseases, macular degeneration, and diabetic retinopathy. The increasing frequency of retinal disorders worldwide and the increase in strategic initiatives are credited with driving the expansion of the global market for retinal health. Additionally, it is anticipated that the market will experience profitable growth during the projected period due to rising attempts by both public and private organizations to raise awareness about retinal diseases. However, it is projected that the dearth of knowledge about retinal illnesses may impede market expansion.

Major Key Players:

The Retina Health Market Players are Regenxbio Inc. (US), Spark Therapeutics, Inc. (Us), Gensight Biologics (France), Hemera Biosciences LLC (US), Meiragtx Limited (US), Allergan Plc (Subsidiary Of AbbVie Inc.) (Ireland), Oxford Biomedica Plc (UK), Santen Pharmaceuticals Inc. (Japan), Novartis AG (Switzerland), and Applied Genetic Technologies Corporation (AGTC) (US).

Segment Analysis

By disease indication, the market includes diabetic retinopathy, age-related macular degeneration, inherited retinal diseases, and retinoblastoma. By treatment, the market includes drugs, Retinal Disease Therapeutics, and surgery.

Regional Analysis

Due to several factors, including the high prevalence of retinal illnesses and significant market participants in the region, the North American retina health market is expanding. Due to reasons like the high prevalence of wet AMD, rising diabetes rates, and a large number of elderly individuals, the European retina health market is expanding. Due to its weak economy, inadequate healthcare infrastructure, dearth of qualified experts, and low public awareness, the remainder of the world is predicted to have a slower CAGR than other regions. However, the market is expected to expand significantly throughout the projected period in the Asia-Pacific region. Numerous local market participants supply cutting-edge and reasonably priced eye health supplements, and contract production centers for these products emerged.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Dental Radiology and Dental Imaging Devices Market Professional Survey and In-depth Analysis to 2030

Dental Radiology and Dental Imaging Devices Market

The dental radiology and dental imaging devices market is anticipated to reach USD 3452.8 Million by 2030 at 7.90% CAGR during the forecast period 2022-2030.

Dental radiology and imaging devices are used for diagnosis and treatment of dental problems with the help of x-rays, radioactive substances, and other forms of radiant energy. The market is majorly driven by the technological advancements in the dental equipment, high adoption of digital dental Radiology and imaging systems, growth in aging population, and dental surgeries gaining impetus. However, high price of digital Radiology systems, and lack of reimbursement in dental care is expected to restrain the growth of this market.

There are various number of dental imaging devices present in the market. The dental Radiology and dental imaging device market is segmented by devices into dental Radiology and dental imaging. Dental radiology devices segment includes phosphor storage plates, portable x-rays, accessories, and other devices. Dental Imaging devices segment includes cameras, and dental imaging software. Demand of dental radiology and imaging devices is increasing due to an extensive use of radiology in dentistry and availability of cost effective technologies for treatment of dental problems.

Increasing demand for imaging technology in orthodontics is majorly attributed to the growth of this market as it enable better magnification and less geometric distortion, super imposed structure and varying head position. Similarly the increasing use of dental imaging techniques in endodontic due to its 3d image and better resolution is increasing the market. Also increased accuracy, less efforts and better results are another integral parts of CBCT dental imaging technique stealing the conventional methods market.

Major Key Players:

Carestream Health (U.S), Dentsply Sirona (U.S), Flow Dental (U.S), KaVo Dental GmbH (Germany), LED Medical Diagnostics Inc, (Canada), Midmark Corp. (U.S), 3M (U.S), Nobel Biocare (Part of Danaher corporation) (Switzerland) and others are some of the Dental Radiology and Imaging Devices Market Players and are profiled in MRFR Analysis. 

Market Segmentation

The global dental radiology and dental imaging devices market can be segmented by methods, devices, applications, imaging types, and end-users.

Method-wise segmentation includes intra-oral imaging, extra-oral imaging, and others. Intra-oral imaging has segments such as bite-wing X-ray, periapical X-ray, occlusal X-ray, and digital X-ray. Extra-oral imaging includes sub-segments such as panoramic X-ray, dental computed tomography, cone beam computed tomography (CBCT), digital imaging. Extra-oral X-ray systems are the top-selling products.

Device-wise, the market includes dental radiology devices and dental imaging devices. Dental radiology devices consist phosphor storage plates, digital X-ray, 2D panorex, portable X-rays, accessories, sensor, intraoral sensors, and X-ray sensors. Dental imaging devices comprise cameras, intraoral cameras, digital scanners, and dental imaging software.

Based on application, the market can be segmented into 2D and 3D imaging. 3D imaging is now gaining momentum as it provides a better comprehensible picture.

The end-user segment includes hospitals & dental clinics, forensic laboratories, and academic & research institutes.

Regional Analysis

Geographically, the regional dental imaging technology market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.

The North America dominated the global dental radiology and dental imaging devices market with the U.S. holding the largest market share owing to numerous developments in the medical sector.

In European market is expected to exhibit positive growth during the forecast period. Whereas Asia Pacific is expected to be a growing market for Dental radiology and dental imaging devices market and expected to grow at a rapid rate. The developing countries such as China and India are leading this market due to the fast growing healthcare sector and large unmet needs over the forecast period. The Middle East & African market especially, the African region is expected to witness a poor growth owing to the lack of knowledge in medical sector, and less development in medical facilities in Middle East & Africa will have limited growth in the market.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Malocclusion Market Players, Size, Share, Research Report Analysis and Global Forecast till 2030

Malocclusion Market

Malocclusion Market size is expected to reach USD 40 Billion by 2030 at 6.9% CAGR during the forecast period 2022-2030.

Malocclusion is the misalignment of teeth. Malocclusion is most often hereditary, but it can also occur due to other reasons i.e. childhood habits such as thumb sucking, pacifier use beyond age 3, and others, extra teeth or lost teeth, ill-fitting dental fillings, and jaw tumors. There are three major classes of malocclusion i.e. Class 1, Class 2, and Class 3.

Increasing prevalence of malocclusion, favorable reimbursement scenario, and rising trend of cosmetic dentistry are the key factors driving the malocclusion market.

However, lack of technological awareness and complications associated with malocclusion treatment may hinder the growth of the market to an extent. The lack of technological awareness is mainly attributed to the slow adoption rate of new technology by the dentists.

Taste the market data and market information presented through more than 296 market data tables and figures spread over 251 pages of the project report.

Major Key Players:

Some of the Malocclusion Market Players are 3M, A-dec Inc., Adenta GmbH, Align Technology, Inc, American Orthodontics, Biolase, Inc., Carestream Health, Inc., Danaher, DENTAURUM GmbH & Co. KG, Dentsply Sirona, G&H Orthodontics, Henry Schein, Inc., Midmark Corp., Patterson Companies, Inc., Planmeca OY, Rocky Mountain Orthodontics, Septodont Holding, TP Orthodontics, Inc, Ultradent Products Inc., Zimmer Dental Inc., and others.

Segment Analysis

The global malocclusion market is segmented on the basis of class, treatment, and end user.

On the basis of the class, the market is classified into class I, class II, and class III.

On the basis of the treatment, the market is segmented into orthodontic braces, surgery, and others. The orthodontic braces segment is further sub-segmented into metal braces, ceramic braces, clear aligner, and others.

On the basis of the end -users, the market is segmented into the hospital and clinics, dental clinics, and others.

Regional Analysis

The Americas dominate the malocclusion market owing to the improvement in reimbursement scenario, high healthcare expenditure, and the presence of the leading players in the region. According to the American Dental Association, in the United States, Maryland, Utah, Arkansas, and Massachusetts have the highest Medicaid FFS reimbursement rates i.e. 79.3%, 75.3%, 75.2%, and 74.1% respectively, whereas, Wisconsin, California, Washington, Maine, and Iowa have the lowest coverage relative to private dental insurance reimbursement rates.

Europe holds the second position in the malocclusion market. It is expected that the support provided by the government bodies for research & development, increasing healthcare expenditure, and rising prevalence of malocclusion are propelling the growth of the malocclusion market in the European region. According to the data suggested by Eurostat, it is observed that among the EU Member States, the highest value of healthcare expenditure was recorded in Germany in 2014 i.e. EUR 321 billion which is further followed by France with EUR 237 billion and then United Kingdom with EUR 223 billion.

Asia Pacific region is projected to be the fastest growing region during the forecast period. Rapidly improving technology and the presence of huge patient pool drive the growth of this market in Asia Pacific region.

The Middle East and Africa hold the least share of the malocclusion market owing to the presence of poor and slow developing countries, especially, in the African region.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Healthcare RFID Market Players, Size, Share, Trends and Forecast till 2030

Healthcare RFID Market

Radiofrequency identification (RFID) is used for patient monitoring, efficiencies in patient care, tracking, and provider satisfaction. RFID is a wireless system that exploits radio waves for collecting data from a tag attached to an object, for several purposes such as automatic identification, and tracking of objects.

The Healthcare RFID Market is expected to reach USD 1947.04 Million by 2030 at 13.10% CAGR during the forecast period 2022-2030.

Additionally, aggressive strategies adopted by the top players and the introduction of new products in the market are fueling the growth of the market during the forecast period. For instance, Alien Technology Corporation, a leader in RFID technology introduced RFID Reader with the ALR-F800-X, the product is known for its use in maintaining the workflow and efficiently handling the data. Also, the company is trying to expand its geographical boundaries by signing distribution agreements.

The high costs associated with the RFID products and lack of awareness about the RFID in developing countries are likely to hinder market growth during the forecast period.

Major Key Players:

Some of Healthcare RFID Market Players are Alien Technology Corporation, Applied Wireless Identifications Group, Inc., CAEN RFID S.r.l., Gao RFID, Inc., Honeywell International Inc., Impinj Inc., Invengo Information Technology Ltd. Co., Mobile Aspects, Inc., Motorola Solutions, Inc., Radianse, RF Technologies, Stanley Healthcare, and STiD RFID

Segment Analysis

The global rfid in healthcare market has been segmented on the basis of component, application, end user, and region.

On the basis of component, the market has been segmented into tags, readers, middleware, printers, and others. The tags segment is further divided into active tags and passive tags. The reader segment is further segmented into active reader and passive reader.

The global healthcare RFID market, by application, has been segmented into equipment tracking, people identification and tracking, medical report and blood samples tracking medicine tracking, and others.

On the basis of end user, the market has been classified as pharmaceutical and biotechnology companies, hospitals, research institutes, and others.

Regional Analysis

The market is likely to dominate by Americas during the forecast period owing to the increasing prevalence of cancer patients, increasing cases of drug counterfeiting, and well-established healthcare sector in the region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, raising awareness about the innovative technologies, and improvement in the healthcare sector with respect to infrastructure and facilities. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to technological development, the increasing prevalence of chronic diseases, rising investments in healthcare and expansions by market players in the region. The market in the Middle East & Africa is likely to account for the smallest share of the global healthcare RFID market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Injection Pen Market Players, Size, Share, Analysis and Forecast-2030

Injection Pen Market

The worldwide injection pen market is predicted to grow at a CAGR of 6.9% with value of USD 73.3 billion during the forecast. 

The global injection pen market is mainly driven by the growing prevalence of chronic diseases requiring frequent injections and the growing awareness about the availability and benefits of injection pens over the conventional vial and syringe system. The report profiles the major factors affecting the global injection pen market to pinpoint the major drivers and restraints affecting the market and presents a detailed analysis of how the market is likely to grow over the forecast period.

The growing prevalence of chronic diseases such as diabetes and osteoporosis is likely to drive the global injection pen market over the forecast period. Insulin injections are a major application channel for the global injection pen market and are likely to retain their position as such over the forecast period due to the growing prevalence of diabetes and the immense advantages provided by injection pens in terms of managing the progression of diabetes. Diabetics require a regular administration of insulin injections, which can be cumbersome to handle with the conventional vial and syringe method. The conventional method also requires the patient to visit the hospital for each injection, which may be impractical for some patients. Using an injection pen makes it easier for diabetics to self-manage their disease, making this a key driver for the global injection pen market over the forecast period.

The growing product innovation in injection pens is also likely to be a major driver for the global injection pen market over the forecast period, as the technology to make injection pens safer and more effective is high in demand due to the growing popularity of injection pens. The growing efforts by manufacturers to make the most of the opportunity in the global injection pen market are likely to remain a key driver for the global injection pen market over the forecast period.

Major Key Players:

Some of the Injection Pen Market Players include Novo Nordisk, Sanofi, Ypsomed, F. Hoffman-La Roche, Owen Mumford, Pfizer, Jiangsu Delfu Medical Device Co. Ltd., Biocon Ltd., Haselmeier, Novartis, Becton Dickinson and Company, AstraZeneca, Merck, and Eli Lilly.

Segment Analysis

The global injection pen market is segmented on the basis of type, product, therapy, distribution channel, end user, and region.

On the basis of type, the injection pen market is classified into disposable injection pens and reusable injection pens.

The global injection pen market is segmented into insulin pens and pen needles on the basis of product.

On the basis of therapy, the injection pen market is segmented into diabetes, growth hormone therapy, fertility, osteoporosis, multiple sclerosis, cardiovascular diseases, rheumatoid arthritis, obesity, Crohn’s disease, cancer, diabetes injection pen and others. The diabetes segment is further segmented into insulin and GLP-1.

On the basis of distribution channel, the injection pen market is segmented into hospital pharmacies, retail pharmacies, online medical stores, and diabetes clinics.

On the basis of end user, the global injection pen market is segmented into home care and hospitals and clinics.

Regional Analysis

The global injection pen market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is likely to remain the leading geographical segment of the global injection pen market over the forecast period due to the widespread adoption of injection pens and the growing popularity of injection pens in the healthcare sector. The growing presence of major market players in the U.S. and Canada is also conducive to steady growth of the injection market in the Americas.

Europe is also a major regional market for injection pen technology and is likely to remain a major revenue generator over the forecast period due to the growing economic burden of diabetes, which has driven the demand for more convenient and effective ways to manage diabetes. The advanced healthcare and medical devices sector in Europe is likely to be a major driver for the injection pen market in the region over the forecast period.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Delirium Market – Industry Share Report 2022

Delirium Market

The Delirium Market is expected to reach USD 365.7 Million by 2030 at 5.70% CAGR during the forecast period 2022-2030.

Delirium is a neurological (nervous system) condition and is a serious disturbance in mental abilities that causes mental confusion and emotional disruption. Delirium can be caused due to various factors such as older age, exposure to certain medications, alcohol abuse, surgery or other medical procedures, factors such as exposure to toxic or infectious agents, physical trauma, diet, and behavioral and occupational factors.

Major Key Players:

Some of Delirium Market Players are Dr. Franz Kohler Chemie GmbH, Fraser Health, Gaia BioPharma Ltd., Novartis AG, Pfizer, Inc., Regenstrief Institute, Inc., and Air Liquide Sante International, among others.

Segment Analysis

The global delirium market is segmented on the basis of type, treatment, diagnosis, and end-user.

On the basis of type, the market is segmented into hyperactive, hypoactive, and mixed.

On the basis of diagnosis, the market is segmented into laboratory tests, imaging tests, and physical examination. On the basis of laboratory tests, it is further sub-segmented into blood tests and urine tests. On the basis of imaging tests, it is further sub-segmented into brain-imaging tests.

On the basis of treatment, the market is segmented into antipsychotics and supportive care. On the basis of treatment, antipsychotics is further sub-segmented into risperidone, olanzapine, and quetiapine.

On the basis of end-user, the market is segmented into specialty centers, hospitals, and research centers.

Regional Analysis

The Americas dominates the global delirium market owing to the increasing aging population and increasing rate of neurological conditions. Additionally, the increasing government initiatives and awareness programs are likely to enhance the growth of delirium in the North American region. Similarly, increasing government healthcare costs, along with the increasing awareness among population regarding mental health is expected to drive the growth of the delirium market in North America. For instance, iDelirium, a federation of 3 delirium societies (American Delirium Society, European Delirium Society, and Australasian Delirium Association) has launched various awareness programs across the country to spread awareness regarding delirium and its effects.

Europe accounts for the second largest market due to increasing aging mass and increasing neurological disorders. Additionally, the improving government funding and increasing healthcare infrastructure along with the increasing demand for technologically advanced treatment are driving the growth of delirium market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This rising older population is likely to drive the growth of the delirium market.

Asia Pacific is the fastest growing market for delirium whose growth is attributed to the increasing population which in turn increases the overall patient population and rising population affected by post-surgical disorders. India and China are the primary contributors to the market growth due to the rising demand for advanced and newer treatments and rising development of healthcare infrastructure in these regions.

On the other hand, the Middle East and Africa is expected to witness a restricted growth due to limited access and affordability of the healthcare system and lack of awareness among individuals. In the Middle East, the growth of the market is driven by the growing awareness regarding neurological disorders and expanding healthcare scenario.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Artificial Eye Market Players, Size, Share, Synopsis & Forecast – 2030

Artificial Eye Market

The Artificial Eye Market is projected to reach USD 2,878.71 Million by 2030 at 7.10% CAGR during the forecast period 2022-2030.

Artificial eye is an ocular prosthesis that replaces an absent natural eye following an enucleation, evisceration, or orbital exenteration. It fits over an orbital implant and under the eyelids. Increasing number of visually impaired people worldwide has encourage many of the manufacturer for introduction of the new and better treatment for ophthalmic problems. According to WHO, the number of people suffering optic problem are increasing and approximately 90% of the patients are present in developing countries. Increasing number of people suffering from diabetes and rising geriatric population has driven the growth of the market. Beside this development in technology and increasing healthcare expenditure has provided fuel for the growth of the market. On the other hand, high cost, limited surgical professionals and availability of alternative therapy has hindered the growth of the market.

Major Key Players:

The Artificial Eye Market Players are Advanced Artificial Eye (US), The National Artificial Eye Services (NHS) (UK), Marie Allen Ocularist Ltd (Canada), COS-MEDIC PTY LTD (Australia), Retina Implant AG (Germany), Second Sight (US), Pixium Vision (France), Ericksons Custom Made Artificial Eye (Canada), International Prosthetic Eye Center (India)

Segment Analysis

Global artificial eye market is segmented on the basis of type, non-integrated implants, Integrated implants. Integrated implants are further segmented into hydroxyapatite, porous polyethylene, bioceramic, conical orbital implant and other. On the basis of technology, they are segmented into electronic and mechanical and on the basis of end user, the market is segmented into hospitals, ophthalmology clinics and others

Regional Analysis

On regional basis, global artificial eye market is segmented into four major regions namely Americas, Europe, Asia Pacific and Middle East and Africa.  

Because of its large geriatric population and growing number of people suffering from vision impairment, America leads the global artificial eye industry. According to the American Academy of Ophthalmology, more than a quarter of the population in the United States has a minor or major visual complication, and this figure is steadily increasing due to the growing diabetic population. Because of increased product innovation, increased presence of leading players, increased favorable reimbursement policies, and high acceptance of artificial eye surgeries in this area, North America dominates the artificial eye market. Due to the presence of qualified professionals, highly developed healthcare infrastructure, technological advances, and the presence of large market players in the region, the United States dominates the global artificial eye market. In addition, the country's large healthcare expenditures would drive business growth.

Because of increased construction activities, increased healthcare spending per person, and government support in this area, Europe has the second largest artificial eye market in terms of growth. The European artificial eye market will continue to be driven by rising demand for custom-made ocular prostheses and the the prevalence of ophthalmic diseases.

The artificial eye market in Asia Pacific is rising at the fastest pace. Because of their well-developed healthcare sectors and high health-care spending, Japan and Australia are the leading contributors to the industry. Because of technological advances, the disposable incomes, and the innovations in the healthcare system, Japan is expected to see substantial growth in the artificial eye market during the study era. Artificial eye demand will be boosted by the factors listed above.

Owing to a lack of medical services and weak economic and political conditions, the Middle East and Africa has the smallest market share. The artificial eye market in the Middle East and Africa is dominated by Saudi Arabia, the United Arab Emirates, and Kuwait.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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