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The global Artificial Eyes Market is expected to see remarkable growth in the forecast period due to increasing number demand by a large number of patient population. Furthermore, an encouraging sign can be observed in the market with changing consumer trends. Others factors such as increasing prevalence and incidence of eye-related disease, changing lifestyle pattern, increasing accident cases are the factors which are fueling the growth of the global artificial eyes market. However, factors like tough competition among the key players, and side effects of common medication are the major factors hampering the growth of the global artificial eyes market.
According to the Society for the Prevention of Blindness, it is estimated that around 10,000 to 12,000 people per year lose and eye. Out of which around 50% or more eyes losses are caused by an accident.
The global market for artificial eyes is segmented on basis of types of artificial eyes, shell types, end user and geography:
- Segmentation by Type
- Moulded Prosthesis
- Cosmetic Shell
- Segmentation by Shell Type
- Single Shell
- Double shell
- Segmentation by End User
- Ambulatory Surgical Centers
- Ophthalmology Surgery Center
Based on types, the global artificial eyes market is segmented into moulded prosthesis and cosmetic shell. The moulded prosthesis is an artificial eye which is specifically made based on the impression taken from the socket of an individual. A moulded eye provides the closest possible match to a real eye. Whereas, cosmetic shell artificial eyes completely covers the existing eye.
On the basis of geography, the global artificial eyes market is segmented into six key regions viz. North America, Latin America, Europe, Asia Pacific excluding China, China and Middle East & Africa. North America is expected to lead the artificial eyes market due to product innovations, the presence of leading players, favorable reimbursement policies and high adoption of artificial eye surgeries. Manufacturers are targeting developed markets due to rising incidence of eye diseases in this developing countries. Europe is the second leading market for artificial eyes market due to development activities, increased healthcare spending per person, and government support. The Asia Pacific market is also expected to grow at the highest growth rate due to a large patient pool, and product awareness due to medical conferences. These factors are likely to drive the market growth of artificial eyes market during the forecast period globally. However, Latin America and Middle East Africa are expected to mark sluggish growth over the forecast period.
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Examples of some of the key players present in the global artificial eyes market are Advanced Artificial Eyes, Midwest Eye Laboratories, Inc., Erickson's Eyes, F.AD. MÜLLER SÖHNE OHG, Nikolaus Kerbl and others. Mergers, acquisition, expansion, strategic collaborations, and technology play vital roles in the growth of the artificial eyes market.
The report covers exhaustive analysis on:
- Artificial Eyes Market Segments
- Artificial Eyes Market Dynamics
- Historical Actual Market Size, 2013 - 2017
- Artificial Eyes Market Size & Forecast 2017 to 2026
- Artificial Eyes Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Artificial Eyes Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific excluding China
- Middle East & Africa
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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