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Vitreoretinal Surgery Devices Market By Surgery Type (Anterior vitreoretinal surgery, Posterior vitreoretinal surgery); By Product (Vitrectomy surgery devices, Photocoagulation surgery devices, Illumination surgery devices); By End-User (Hospitals, Clinics, Ambulatory Surgical Centers) - Global Demand Analysis & Opportunity Outlook 2027

Published On : 01:16 AM, 10th July, 2018 REP-ID-909 Category: Healthcare

Global Vitreoretinal Surgery Devices Market Overview

Vitreoretinal Surgery is conducted to treat eye complications associated to retina, macula and vitreous fluid. The complications included for vitreoretinal surgery consists of retinal detachment, uveitis and vitreous hemorrhage, macular degeneration, macular hole, epiretinal membrane or retinal detachment and problems connected to diabetic retinopathy. The various instruments, surgical equipment and tools, designed to assist surgeons perform the surgery come under the aegis of vitreoretinal surgery devices. Vitreoretinal surgery practices generally comprise of retinal tears, retinal detachments, diabetic retinopathy, macular degeneration, ocular tumor treatment, ocular trauma and hereditary retinal disease treatment.

Market Size & Forecast

Vitreoretinal surgery devices market is anticipated to record a significant CAGR over the forecast period. Many multi-national companies are concentrating towards new product advances in vitreoretinal surgery devices. Moreover rising incidences of visual disorders due to changing lifestyle is further expected to impact the vitreoretinal surgery device market positively.

Over the previous years, the global market for vitreoretinal surgery devices has observed significant advancements in terms of the effortless accessibility of expert solutions, procedures and instruments, which allow for less intrusive techniques, lower the amount of pain to the eye, and head to decrease curative time and better patient conclusions. Advancements in the market continue at a fast rate and an escalating number of companies are manufacturing extremely hi-tech vitreoretinal surgery devices proficient of aiding the surgery procedure and the total effectiveness of the procedure. Moreover, rising geriatric population, increasing incidence of visual disorders and growing adoption of automated surgery devices among end users is expected to drive the market growth.

vitreoretinal surgery devices

On the basis of regional platform, global vitreoretinal surgery devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is estimated to lead largely the vitreoretinal surgery devices market over the forecast period. Europe follows after North America in vitreoretinal surgery devices market. North America is thus estimated to be the most profitable market during the forecast period in terms of opportunities.

Asia-Pacific region is estimated to show healthy growth due to the rising incidences of diabetic retinoplasty. Also, this market is expected to be mainly propelled by high geriatric population in this region and rising healthcare expenditure in China and India.

Market Segmentation

Our-in depth analysis of the global vitreoretinal surgery devices market includes the following segments:

By Surgery Type

  • Anterior vitreoretinal surgery
  • Posterior vitreoretinal surgery

By Product

  • Vitrectomy surgery devices
  • Photocoagulation surgery devices
  • Illumination surgery devices

By End-User

  • Hospitals 
  • Clinics
  • Ambulatory Surgical Centers

By Region

Global Vitreoretinal Surgery Devices Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Vitreoretinal Surgery Devices  Market share

Growth Drivers & Challenges

The global vitreoretinal surgery devices market is estimated to observe a strong growth throughout the forecast period due to growing geriatric population, rising frequency of optical ailments and elevating acceptance of automated surgery devices among end users. Escalating number of people deciding for eye surgeries for treatment of visual damage in low and middle revenue countries is also predicted to deliver soaring growth prospects for manufacturers of vitreoretinal surgery devices. According to the World Health Organization (WHO) there were nearly 285 million visually impaired people globally. Additionally, latest technological progresses like comfort in utility of the vitreoretinal surgery devices and automation is predicted to improve sales and upsurge adoption of vitreoretinal surgery devices through the forecast period. 

Even though a vitreoretinal surgery is a comparatively painless procedure with a strong, successful track record in improving vision, the recovery from the surgery is often more challenging because patients must contend with the monotony, stress and discomfort of a 23-hour-a-day facedown-postoperative position which may act as a limit to the growth of global vitreoretinal surgery devices market.

Key Players

  • Alcon, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Bausch & Lomb Inc.
  • Carl Zeiss Meditec AG
  • MedOne Surgical, Inc.
  • OCULUS Optikgeräte GmbH
  • Dutch Ophthalmic Research Center International BV
  • Designs For Vision Pty Ltd
  • MedOne Surgical, Inc.
  • Nidek Co. Ltd
  • Peregrine Surgical

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Vitreoretinal Surgery Devices Market is segmented as follows:

  • By Surgery Type Market Size & Y-O-Y Growth Analysis
  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End-User Industries Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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