Vitreoretinal Surgery Devices Market Growth Analysis & Forecast By 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-24
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Vitreoretinal Surgery Devices Market Growth Analysis & Forecast By 2025

Global vitreoretinal surgery devices market is poised to gain massive traction over the ensuing years considering the accelerating demand for these devices on account of increasing incidence of ailments associated with eyes around the world. Increasing cases of macular degeneration among elderly population will fuel the adoption of vitreoretinal surgical procedure leading to increased product demand. According to the International Agency for the Prevention of Blindness, age-related macular degeneration (AMD) is the main cause of blindness across developed economies. More than 196 million people worldwide are anticipated to suffer from AMD by 2020.

Meanwhile, the age-related macular degeneration among the geriatric population adds to the rise of the global vitreoretinal surgery devices market share. Furthermore, it has been projected that by 2020, nearly 196 million people worldwide will suffer from age-related macular degeneration thereby fueling the demand for vitreoretinal surgeries and eventually propelling the market trends.

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Photocoagulation lasers are apprehended to be used for the treatment of various eye diseases, on account of which these devices held a major portion of the market revenue – over USD 409.9 million in 2018. These devices have been anticipated to witness a positive industry outlook due to the rise in demand for effective treatment of ocular diseases.

The vitreoretinal surgery devices market size from specialty clinics is projected to foresee a substantial growth of over 3.4 per cent through 2025 attributing to the surge in occurrence of the ocular diseases and deployment of the state-of-the-art facilities.

The progressive surge of vitreoretinal surgery devices market can be aptly credited to the mounting awareness of different vitreoretinal treatments amongst the regional population. Additionally, proliferating instances of the eye disorders such as glaucoma, cataract, and others are contributing significantly towards the market growth.

U.S. vitreoretinal surgery devices industry is estimated to secure a largest market share over the upcoming years on account of rising incidence of several eye-related ailments in the country. According to the American Academy of Ophthalmology statistics, nearly 40 million residents in the U.S. suffer from some eye-related disorders such as diabetic retinopathy, glaucoma, cataract and dry eye. Additionally, rising awareness regarding various vitreoretinal treatments among the population coupled with higher adoption rates of these devices in developed regions will propel the business growth significantly.

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

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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. 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. Others

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. Hospitals

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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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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