PUBLISHER: The Business Research Company | PRODUCT CODE: 1750910
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750910
An artificial eye, also known as a prosthetic eye or ocular prosthesis, is a custom-made medical device designed to replace a missing or damaged natural eye. It provides a lifelike appearance and, in some cases, offers limited functional benefits such as eyelid support and tear distribution. The primary purpose of an artificial eye is to restore facial aesthetics, improve psychological well-being, support eyelid movement, maintain orbital structure, and protect the eye socket following enucleation (surgical removal of the eye) or trauma.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main product types in artificial eyes include integrated, semi-integrated, and non-integrated options. An integrated artificial eye refers to a seamlessly designed ocular prosthetic or implant that combines advanced technology with biological systems to restore or enhance vision for individuals with visual impairments. These products are based on electronic and mechanical technologies and are distributed through various channels such as direct sales, online sales, third-party distributors, and retail pharmacies. Applications include vision correction, cosmetic enhancement, medical treatment, and reconstructive surgery, with end users including hospitals, ambulatory surgical centers, and others.
The artificial eye market research report is one of a series of new reports from The Business Research Company that provides artificial eye market statistics, including artificial eye industry global market size, regional shares, competitors with an artificial eye market share, detailed artificial eye market segments, market trends and opportunities, and any further data you may need to thrive in the artificial eye industry. This artificial eye market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial eye market size has grown strongly in recent years. It will grow from$2.01 billion in 2024 to $2.18 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth during the historic period can be attributed to the rising prevalence of eye strain, the growing aging population, the increasing demand for artificial eye solutions, heightened awareness of eye health, and the rising incidences of ocular diseases.
The artificial eye market size is expected to see strong growth in the next few years. It will grow to$2.97 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth during the forecast period can be attributed to increased investment in research and development, rising awareness of eye prostheses, growing demand for custom-made ocular prostheses, government support, and the adoption of cost-effective production techniques. Key trends during the forecast period include advancements in technology, innovative ocular prostheses, artificial intelligence-driven prosthetics, new ocular devices, and the integration of smart technologies.
The growing number of individuals suffering from complete or partial blindness is expected to fuel the growth of the artificial eye market. Blindness, whether complete or partial, is characterized by the significant loss of vision, preventing individuals from perceiving light, shapes, or their surroundings, which deeply affects daily activities and quality of life. This rise in blindness is primarily due to retinal degenerative diseases, such as diabetic retinopathy, that progressively damage photoreceptor cells and cause irreversible vision loss. Artificial eye technology offers promising solutions, such as bioengineered retinal implants, which have the potential to restore or enhance vision, improving the quality of life for affected individuals. For example, in May 2024, the East Sussex Joint Strategic Needs Assessment in the UK reported that approximately 2 million people are currently living with some level of sight loss in the country, and this number is expected to increase to 2.7 million by 2030. This surge in vision loss is a major factor driving the demand for artificial eye solutions.
Leading companies in the artificial eye market are focusing on developing innovations such as bioengineered retinal implants to restore vision for patients suffering from retinal degenerative diseases. A bioengineered retinal implant is a lab-designed device that replaces or enhances damaged retinal tissue to restore or improve vision. These implants are especially promising for individuals with retinal degenerative diseases, as they help restore the photoreceptor function of the retina. For instance, in May 2024, LambdaVision Inc., a US-based biotechnology company, announced the successful first closing of its seed funding round to advance the preclinical studies of its protein-based artificial retina. This implant utilizes bacteriorhodopsin, a light-sensitive protein, to mimic the natural function of photoreceptors in the human eye, offering a potential breakthrough in vision restoration. Moreover, LambdaVision is pioneering microgravity-based manufacturing on the International Space Station, which could improve the precision and efficiency of retinal prosthetic production.
In February 2024, United Ocular, a US-based medical equipment manufacturer, acquired Eye Prosthetics of Utah for an undisclosed amount. This acquisition allows United Ocular to expand its presence in the ocular prosthetics market and improve its ability to provide customized prosthetic eye solutions for patients with vision-related impairments. Eye Prosthetics of Utah specializes in producing custom-made ocular prosthetics, including artificial eyes and scleral shells, ensuring better quality and more personalized solutions for individuals affected by blindness or vision loss. This acquisition reinforces United Ocular's commitment to leading the field of ocular prosthetics and providing tailored solutions to those in need.
Major players in the artificial eye market are Midwest Eye Laboratories Inc., Rayner Group, Sankara Nethralaya, Innovative Optics Inc., Unitech Vision, Advanced Artificial Eyes, Boston Ocular Prosthetics Inc., Erickson Laboratories Inc., F.Ad. Muller Sohne GmbH & Co KG, Irises Unlimited Inc., Ocular Prosthetics Incorporated, International Prosthetic Eye Center Private Limited, New Zealand Prosthetic Eye Service, Southeastern Ocularists Inc., Bionic Vision Technologies, Nidek Co. Ltd., Sensimed AG, iBionics, The Artificial Eye Co., Science Corporation.
North America was the largest region in the artificial eye market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial eye report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the artificial eye market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The artificial eye market consists of revenues earned by entities by providing services such as ocular prosthetics, bionic eyes, 3D-printed prosthetics, and retinal implants. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Eye Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial eye market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial eye ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial eye market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.