Increasing prevalence of ophthalmic diseases and technological advances propelling Artificial Eye Market of USD 56.43 Mn through 2023-2027
Because of the rising incidence of ocular disorders and the advancements in artificial eye technology, the artificial eye market is anticipated to rise steadily. The market is predicted to expand by USD 56.43 million by 2028, with a compound annual growth rate of 9.18%.
Notable technical advances in medical devices used in ophthalmology are the development of rapid manufacturing (RM) and computer-aided design (CAD) procedures to create ocular prosthesis.Compared to the creation of custom-made prosthetic eyes, 3D printing techniques enable the large-scale and rapid production of artificial eyes.Artificial eyes made with 3D printing can improve patients' quality of life and are significantly less expensive than handcrafted prosthesis.
Snapshot of Artificial Eye Market Analysis
Leading players of this Artificial Eye Market comprise names Advanced Artificial Eyes, Alcon Inc., Artificial Eyes Pty Ltd., Bionic Vision Technologies, Carl Zeiss Stiftung, Erickson Laboratories, F.AD. Muller Sohne GmbH and Co. KG, Ferdinand A. Forster GmbH, Integrated Orbital Implants, International Prosthetic Eye Center, Marie Allen Ocularist Ltd., Midwest Eye Laboratories Inc.,etc
High device and implantation cost of artificial eye and Limitations and complications associated with artificial eyes are expected to hinder the growth of the market. However, increasing demand for custom-made ocular prosthesis and paradigm shift of ocular prosthesis procedures from hospitals to ambulatory surgery centers will have a positive impact on the artificial eye market during the forecast period.Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.
Technavio’s analysis of the Artificial Eye Market also includes: