Vitreoretinal Surgery Devices Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033

Jun 19, 2024 - 11:49

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Overview and Scope
Vitreoretinal surgery devices are specialized medical instruments that have typically incorporated a peristaltic pump, a venturi pump, or a combination of both to manage fluids. It is used for the removal of core vitrectomy, membrane cutting, and hyaloid and vitreous bases. These vitreoretinal surgical instruments feature improved flow control and less retinal traction.

Sizing and Forecast
The vitreoretinal surgery devices market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increased incidence of retinal disorders, aging population, advancements in surgical techniques, risen diabetic population, patient preference for minimally invasive surgery.

The vitreoretinal surgery devices market size is expected to see strong growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to continuous growth in aging demographics, increasing burden of retinal diseases, advancements in surgical instrumentation, growing diabetes epidemic, expansion of healthcare infrastructure. Major trends in the forecast period include focus on retinal imaging technologies, advancements in intraocular tamponades, innovations in laser systems, customization and patient-specific approaches, integration of artificial intelligence.

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Segmentation & Regional Insights
The vitreoretinal surgery devices market covered in this report is segmented –
1) By Product: Photocoagulation Lasers, Illumination Devices, Vitrectomy Machines, Vitrectomy Probes, Vitreoretinal Packs, Other Products
2) By Surgery: Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery
3) By Application: Diabetic Vitreous Hemorrhage, Retinal Detachment, Macular Hole, Other Applications
4) By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Other End-Users

North America was the largest region in the vitreoretinal surgery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global vitreoretinal surgery devices market report during the forecast period. The regions covered in the vitreoretinal surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Growing incidences of eye disorders are expected to propel the growth of the vitreoretinal surgery device market going forward. Eye disorders refer to non-neoplastic or neoplastic disorders that affect the eye. Vitreoretinal surgery devices are used to treat eye diseases such as macular degeneration, cataracts, diabetes-related retinopathy, glaucoma, and retinal detachment. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based federal agency, in the United States, 12 million persons aged 40 and older would have vision impairment, of which 1 million are blind, 3 million have it after having their vision corrected, and 8 million have it because of uncorrected refractive error. Therefore, the increasing incidence of eye disorders drives the vitreoretinal surgery device market.

Key Industry Players
Major companies operating in the vitreoretinal surgery devices market report are Alcon Inc., Bausch & Lomb Inc., OCULUS Optikgerate GmbH, MedOne Surgical Inc., Carl Zeiss Meditec AG, Peregrine Surgical Group Pvt. Ltd., D.O.R.C. Dutch Ophthalmic Research Center B.V., Paragon Care Group Pvt. Ltd., Topcon Corporation, Geuder AG, IRIDEX Corporation, Ellex Medical Lasers, Erbe Elektromedizin, Design For Vision Inc., BVI Medical Inc., Allen Medical Systems, Abbott Laboratories, Medtronic plc, Mediland Enterprise Co., Merivaara Group, Wallach Surgical Devices Inc., Sunnex MedicaLights, Stars Medical Devices, Smith & Nephew plc, Inami & Co. Ltd., Novartis AG, Katradis Marine Ropes Ind. S.A., Tufropes Pvt. Ltd., Hoya Corporation

The vitreoretinal surgery devices market report table of contents includes:
1. Executive Summary
2. Vitreoretinal Surgery Devices Market Characteristics
3. Vitreoretinal Surgery Devices Market Trends And Strategies
4. Vitreoretinal Surgery Devices Market - Macro Economic Scenario
5. Global Vitreoretinal Surgery Devices Market Size and Growth

....

31. Global Vitreoretinal Surgery Devices Market Competitive Benchmarking
32. Global Vitreoretinal Surgery Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vitreoretinal Surgery Devices Market
34. Vitreoretinal Surgery Devices Market Future Outlook and Potential Analysis
35. Appendix

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