Vitrectomy Devices Market Key Findings, Regional Analysis, Top Key Players of forecast 2027
According to MRFR analysis, the global vitrectomy
devices market is expected to register a CAGR of ~6.5% from 2021 to 2030
and hold a value of ~USD 1,900 million by 2028.
The global vitrectomy devices market is driven by several
factors, such as the increased occurrence of diabetes worldwide, rising
awareness among the population, growing demand for non-invasive techniques, and
booming aging population. Furthermore, the market players are engaged in
research and development activities around the globe. The industry players are
focusing on the development of technologically advanced devices for better
accuracy in surgery.
The vitrectomy devices are the devices used for performing a
vitrectomy procedure. These devices allow the surgeon to carry out the surgery
efficiently with low invasion. The surgery is concluded with safety and ideal
results, using vitrectomy surgery equipment, such as vitrectomy supplies and
systems. The commonly used vitrectomy devices are vitrectomy machines,
tamponades, scissors, light pipes, probes, and lasers. These devices are
advanced and makes the surgery less invasive. The technological advancements in
the field is introducing highly advanced devices. These devices are of great
application for the development of the market in the projected time period.
Looking forward, robotics will play a major role in vitrectomy. The technology
will enable the surgeon to perform gentle tasks without damaging adjacent
tissues.
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Regional Analysis
North America is expected to dominate the vitrectomy devices
market, owing to high prevalence of ophthalmic diseases, adoption of
technologically advanced devices, and presence of major industry players across
the region. In addition, increasing investments in R&D of the products by
the government and private organizations have surged the level of competition
among the market players. The prominent players are also involved in
collaborations, partnerships, and high investments in R&D activities, which
contribute to market growth.
Asia-Pacific is anticipated to be the fast-growing regional
market during the forecast period due to increasing investment in healthcare
infrastructure, rising number of geriatric population, and growing awareness
among the healthcare professionals about advanced vitrectomy devices. In
addition, the availability of qualified physicians for consultation and
treatment of ophthalmic diseases is creating opportunities for industry players.
Furthermore, the growth of the market in the Rest of the
World is attributed to the technological advancements in devices along with the
expansion of distribution channels throughout the region.
Segmentation
The global vitrectomy devices market has been segmented into
products, applications, and end user. By products, the market has been
segregated into vitrectomy machines, vitrectomy packs, photocoagulation lasers,
and illumination devices. The vitrectomy machines segment is expected to hold a
significant share of the market in 2021. This is attributed to the advancement
in the machines which improves the effectiveness of the surgery.
Based on application, the global vitrectomy devices market
has been classified as diabetic retinopathy, retinal detachment, macular hole,
vitreous hemorrhage, and others. The diabetic retinopathy segment is expected
to grow at a rapid pace during the forecast period, owing to a large number of
cases of diabetic retinopathy around the globe.
On the basis of end-user, the global vitrectomy devices
market is segregated into hospitals, ophthalmic clinics, and ambulatory surgery
centers. The hospital segment holds the major share throughout the study
period. The growing number of cases of ophthalmic-related patients around the
world is contributing to market growth. The hospitals offer the necessary
treatment required, which boosts the segment growth.
Key Players
Some of the key players in the global vitrectomy
devices market are Alcon Inc.
(Switzerland), Bausch & Lomb Incorporated (Canada), BVI (US), NIDEK CO.,
LTD. (Japan), Johnson & Johnson Vision Care, Inc. (US), Blink Medical (UK),
Topcon Corporation (Japan), Carl Zeiss Meditec AG (Germany), Carl Zeiss Meditec
AG (Germany), HAAG-STREIT GROUP (Switzerland), and MedOne Surgical, Inc (US)
among others.
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