Market Report

Retinal implants , also known as a bionic eye are biomedical microchips designed to provide visual perception to people suffering from degenerative eye diseases such as retinitis pigmentosa and age-related macular degeneration and have lost vision.  Globally, development of efficient and advance technology, rise in the awareness among people retinal implant, increasing government initiative across the globe, growing geriatric population and prevalence of degenerative conditions are the prime growth drivers of global retinal implant market. In addition, increase in adoption of retinal implant in emerging economies such as China, India and others, will create new opportunities for retinal implant market . However, higher cost of the research and development, risk of biocompatibility and long-term stability of the material used for devising retinal implants, complex nature of implant surgeries, lack of trained professionals, and higher cost of surgeries are the key restraints for reti...