Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders.
Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing technological innovations have resulted in strengthened products, thereby fuelling the market demand. The establishment of miniature devices will boost the market growth because of its low procedural time. However, the high cost associated with devices and unreliability in reimbursement situations may curb the market growth.
Product Segment Drivers
Based on product, the market is segmented into Vitrectomy Machines & Packs, illumination devices, Photocoagulation Surgery Devices, and others. Amongst which, Vitrectomy Machines & Packs is anticipated to expand at a higher CAGR during the forecast period due to the benefits offered by these devices like cost-effectiveness, time-efficient in terms of operation duration, and low waste generation.
Regional Drivers
Based on the regional coverage, North America is predicted to dominate the market over the forecast, attribute to the surge in the geriatric population, well-established healthcare infrastructure, and new technological advancements. On the other hand, Asia-Pacific is projected to witness a higher rate during the forecast period. India and China are the major countries to have a notable share in the region’s vitreoretinal surgery devices market.
Vitreoretinal Surgery Devices Market’s leading Manufacturers:
- Peregrine Surgical
- MedOne Surgical Inc.
- Topcon Corporation
- Carl Zeiss Meditec AG
- Alcon
- O.R.C
- OCULUS
- NIDEK CO. Ltd.
- Bausch & Lomb
- Optikon
Vitreoretinal Surgery Devices Market Segmentation:
Segmentation by Product:
- Vitrectomy Machines & Packs
- Photocoagulation Surgery Devices
- Illumination Devices
- Others
Segmentation by End User:
- Hospitals
- Free Standing Ambulatory Surgery Centre (ASC)
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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