Global vitreoretinal surgery devices market is poised to attain substantial growth owing to the increasing pervasiveness of ocular diseases and the growing accessibility to technologically advanced surgical procedures. Vitreoretinal surgeries comprise a group of procedures performed deep inside the eye’s interior through advanced surgical devices. These procedures can restore, preserve or enhance vision for several ocular conditions such as diabetic retinopathy, vitreomacular traction, and age-related macular degeneration among others.
According to the National Institute of Health - National Eye Institute, the estimated economic burden of vision loss and eye diseases in the U.S is $139 billion annually. Ophthalmologic specialty clinics and hospitals are increasingly adopting new and advanced surgical devices like vitreoretinal packs and vitrectomy probes to treat the burgeoning patient population, which will further stimulate vitreoretinal surgery devices market.
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Vitreoretinal packs segment is likely to register substantial gains over the forecast years owing to elevating product demand driven by growing geriatric population along with rising number of vitreoretinal surgeries. Further, extensive usage of vitreoretinal packs in large number of applications related to retinal surgeries will contribute to industry growth. Another important growth inducing factor for the segment is numerous advantages associated with vitreoretinal packs including high portability, optical magnification and higher sensitivity.
Hospitals segment is expected to emerge as strong end-use vertical during the subsequent years considering the increased application of vitreoretinal surgical instruments for the treatment of vision-related disorders including macular hole, epiretinal membrane, retinal detachment, etc. Further, rising complications pertaining to diabetes such as diabetic retinopathy in conjunction with rising hospital admissions will complement the segment growth.
North America vitreoretinal surgery devices market is anticipated to observe immense growth in the coming years. According to the report by NIH’s National Eye Institute, the U.S currently has 2.1 million individuals suffering from age-related macular degeneration and 7.7 million with diabetic retinography. Future predictions claim that 3.7 million Americans will have advanced age-related macular degeneration and 11.3 million will have diabetic retinopathy by 2030. The United States is also known for its high prevalence rate of diabetes, which will drive the demand for vitreoretinal surgery devices in the region.
Emerging countries are projected to offer substantial impetus to vitreoretinal surgery devices market growth, owing to large pool of aging population, rising disposable income, and the increasing prevalence of ocular diseases. In India, government initiatives like Vision 2020 and the National Programme for Control of Blindness & Visual Impairment will boost product adoption, thereby propelling vitreoretinal surgery devices industry size.
Major players operating in global vitreoretinal surgery devices market such as Carl Zeiss Meditec AG, MedOne Surgical, Inc., Designs for Vision, Inc, Alcon, Inc., Bausch & Lomb, Inc., etc. are implementing several effective business strategies such as new product developments, mergers and acquisitions in order to gain a strong position in the market. For instance, in 2019, Carl Zeiss launched the FCI vitreoretinal range of high-performing surgical devices in India. Reportedly, the FCI products are made available through the exclusive partnership of ZEISS India and FCI (France Chirurgie Instrumentation) S.A.S. which is a ZEISS group company based in France known for the development of a wide range of ophthalmic surgical devices.
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Partial Chapter of the Table of Content
Chapter 4. Vitreoretinal Surgery Devices Market, By Product
4.1. Key segment trends
4.2. Photocoagulation Lasers
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.3. Illumination Devices
4.3.1. Vitreoretinal Surgery Devices Market size, by region, 2014 – 2025 (USD Million)
4.4. Vitreoretinal Packs
4.4.1. Market size, by region, 2014 – 2025 (USD Million)
4.5. Vitrectomy Machines
4.5.1. Market size, by region, 2014 – 2025 (USD Million)
4.6. Vitrectomy Probes
4.6.1. Market size, by region, 2014 – 2025 (USD Million)
4.7.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 5. Vitreoretinal Surgery Devices Market, By End-use
5.1. Key segment trends
5.2.1. Market size, by region, 2014 – 2025 (USD Million)
5.3. Specialty Clinics
5.3.1. Market size, by region, 2014 – 2025 (USD Million)
5.4. Ambulatory Surgery Centers
5.4.1. Market size, by region, 2014 – 2025 (USD Million)
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