The Global Implantable Miniature Telescope Market size will grow at a CAGR of 9.27% to reach $8,063 million by 2028. The growth is due in part to an increase in incidences of refractive errors and cataracts as well as increasing life expectancy rates around the world.
Implantable Miniature Telescope (IMT) is a medical device that improves the vision of those with severe or end-stage age-related macular degeneration. The tiny telescope, which sits behind an individual's eye lens, magnifies images on the retina to help him/her see better and read a text more easily. IMTs does not work for everyone but are now being used in hospitals around the world as part of clinical trials, and their usage is increasing every year.
On the basis of Types, the market is segmented into Normal and Special.
A normal Implantable Miniature Telescope can be defined as an endoscope that is inserted into the body. It has a light source and camera, which projects images onto an external monitor for viewing by surgical staff.
The Normal Implantable Miniature Telescope is mainly used in minimally invasive surgeries such as laparoscopic surgery. The device has a light source and camera that projects images onto an external monitor to be viewed by surgical staff. It can also be used during pregnancy to examine the uterus or during prostate exams where it may help detect infections or cancers before they progress., A normal implantable miniature telescope (NIMT) is inserted into a body cavity through which medical procedures are performed - usually incisions less than one inch long. NIMTs have become increasingly popular because they provide excellent views and videos without having to make large incisions in patients' bodies.
A Special Implantable Miniature Telescope (SIT) is an implantable miniature telescope that can be inserted through a small incision and into the vitreous fluid of the eye. The SIT provides magnification and light to some types of macular degeneration, retinitis pigmentosa, glaucoma, diabetic retina disorders or other retinal problems. This device has an external lens system with optics on one side and fiber optic bundles on the other which are threaded inside long narrow tubes forming a “light pipe” in order to deliver high-resolution images to healthy regions of the patient’s eyesight.
On the basis of Application, the market is segmented into Hospitals, Ophthalmic Clinics, and Others. Implantable Miniature Telescope is used in hospitals for different purposes. Some of the uses are:
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to be the largest in terms of revenue, from 2021-2028. The growth is primarily attributed to technological advancements such as miniaturization, which are allowing for increased portability and reducing surgical risks associated with drilling through the skull.
The Middle East & Africa market will also experience robust growth in this forecast period because it offers an affordable option (via third-party markets) for patients who may not have access or cannot afford advanced technologies that would require complex surgical procedures.
The key factors driving the growth of the global implantable miniature telescope market are the increasing incidences and prevalence of glaucoma, cataract, retinitis pigmentosa, and other eye disorders. Another factor that is contributing to the growth of this market is technological advancements in medical devices. These advancements have led to a decrease in production cost which has made these devices affordable for more people across all economic backgrounds. Furthermore, the availability of implants at lower prices has increased its adoption amongst patients with one or two eyes who need glasses as correction for vision defects.
Up Market Research published a new report titled “Implantable Miniature Telescope Market research report which is segmented by Types (Normal, Speical), By Applications (Hospitals, Ophthalmic Clinics, Others), By Players/Companies Centra Sight, Vision Aware, VisionCare Ophthalmic Technologies, Johns Hopkings Medicine”.
|Report Attributes||Report Details|
|Report Title||Implantable Miniature Telescope Market Research Report|
|By Type||Normal, Speical|
|By Application||Hospitals, Ophthalmic Clinics, Others|
|By Companies||Centra Sight, Vision Aware, VisionCare Ophthalmic Technologies, Johns Hopkings Medicine|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||200|
|Number of Tables & Figures||140|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Normal, Speical and By Application Hospitals, Ophthalmic Clinics, Others.
Some of the companies that are profiled in this report are:
Implantable Miniature Telescope Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Implantable Miniature Telescope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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