Market Overview:
The global vitreoretinal surgical devices market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising geriatric population, and technological advancements in vitreoretinal surgical devices. Based on type, the global vitreoretinal surgical devices market is segmented into vitrectomy machines, vitreoretinal packs, photocoagulation lasers, illumination devices, and vitrectomy probes. The photocoagulation lasers segment is expected to grow at the highest CAGR during the forecast period owing to its growing demand for treatment of various eye disorders such as diabetic retinopathy and age-related macular degeneration (AMD). Based on application, the global vitreoretinal surgical devices market is segmented into hospitals and private eye clinics. The hospitals segment dominates this market owing to an increase in number of surgeries performed in these settings across all regions. However, with increasing awareness about ophthalmic diseases among people and improvement in healthcare infrastructure worldwide especially in developing countries such as India and China; private eye clinics are expected to witness high growth rates during the forecast period.
Product Definition:
The vitreoretinal surgical devices are used for the treatment of various eye diseases. They include instruments such as vitrectomy knives, scissors, forceps and dissectors. These devices help in the removal of the vitreous humor from the eye and also help in repairing any damage to the retina.
Vitrectomy Machines:
Vitrectomy machines are used for removing the vitreous gel that occupies a major portion of the interior eye. This procedure is performed to restore vision loss due to bleeding in the vitreous retinal tissue. The growing geriatric population base, increasing prevalence of age-related ophthalmic disorders such as macular degeneration and diabetic retinopathy along with high unmet medical needs in emerging economies are expected to drive market growth over the forecast period.
Vitreoretinal Packs:
Vitreoretinal packs are used in the surgical procedures of ophthalmic disorders. They help surgeons to gain better visualization and access to the retina during surgery. These packs are made up of thin layers, which separate the internal from external environment thereby preventing any kind of contamination between them and maintaining sterility.
Application Insights:
Based on application, the global vitreoretretinal surgical devices market is segmented into hospitals and private eye clinics. Hospitals held the largest share in 2017 as a result of increasing prevalence of retinopathy-caused blindness. According to WHO, by 2050 nearly 90 million people are expected to be affected by visual impairment due to blindness in high-income countries and over 60 million people are anticipated to be affected by this condition in low- and middle-income countries combined. Thus, growing awareness about vision care among individuals is resulting in increased utilization of vitreoretinal surgical devices at hospitals which will positively impact the market growth over forecast period.
The use of these devices at private eye clinics will witness significant growth owing to rising awareness about maintaining good eyesight among individuals who have already attained old age or those who were previously blind but can now see after undergoing treatment with these instruments at home or a hospital outpatient department setting.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing prevalence of diabetic retinopathy and glaucoma, rising adoption of advanced technologies, presence of well-established healthcare facilities, and availability of highly skilled retina surgeons. In addition, increasing government initiatives for conducting research activities pertaining to development & approval of innovative products is also expected to drive regional growth over the forecast period. For instance, Research To Prevent Blindness (RPB) is a national organization that provides grants for research on eye diseases in U.S.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to factors such as developing economy with improving healthcare infrastructure and growing patient awareness about various treatments available for retinal disorders.
Growth Factors:
- Increasing prevalence of eye disorders and blindness: The increasing prevalence of various eye disorders, such as age-related macular degeneration, diabetic retinopathy, and glaucoma is expected to drive the demand for vitreoretinal surgical devices over the forecast period. According to the World Health Organization (WHO), around 285 million people are visually impaired worldwide, out of which 39 million are blind. This number is expected to increase due to the growing aging population and rising incidence of diabetes.
- Technological advancements: The development of novel vitreoretinal surgical devices that offer improved outcomes is a key growth driver for this market. For instance, in January 2017, Johnson & Johnson Vision Care announced the launch of its new product called “VISION 2020” – a next-generation implantable telescope that helps improve vision in patients with end-stage age-related macular degeneration (AMD). Such technological advancements are likely to boost demand for vitreoretinal surgical devices in the coming years.
- Rising awareness about eye care: There has been an increasing awareness among people about importance of early diagnosis and treatment for various eye diseases or disorders in recent years. This has led to an increase in demand for ophthalmic diagnostic and treatment procedures including those involving vitreoretinal surgery Devices market . In addition, governments across different countries are investing heavily towards initiatives aimed at raising awareness about vision health among citizens – thereby propelling growth prospects for this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Vitreoretinal Surgical Devices Market Research Report
By Type
Vitrectomy Machines, Vitreoretinal Packs, Photocoagulation Lasers, Illumination Devices, Vitrectomy Probes
By Application
Hospitals, Private Eye Clinics
By Companies
OCULUS Optikgerte GmbH., Alcon, Inc., Designs For Vision Pty Ltd, Bausch & Lomb, Inc., MedOne Surgical, Inc., Dutch Ophthalmic Research Center International BV., OCULUS Optikgerte GmbH.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Vitreoretinal Surgical Devices Market Report Segments:
The global Vitreoretinal Surgical Devices market is segmented on the basis of:
Types
Vitrectomy Machines, Vitreoretinal Packs, Photocoagulation Lasers, Illumination Devices, Vitrectomy Probes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Private Eye Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OCULUS Optikgerte GmbH.
- Alcon, Inc.
- Designs For Vision Pty Ltd
- Bausch & Lomb, Inc.
- MedOne Surgical, Inc.
- Dutch Ophthalmic Research Center International BV.
- OCULUS Optikgerte GmbH.
Highlights of The Vitreoretinal Surgical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vitrectomy Machines
- Vitreoretinal Packs
- Photocoagulation Lasers
- Illumination Devices
- Vitrectomy Probes
- By Application:
- Hospitals
- Private Eye Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vitreoretinal Surgical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vitreoretinal surgical devices are a type of medical device used to treat diseases or conditions that affect the eye. These devices help restore vision by correcting defects in the retina, which is the light-sensitive layer at the back of your eye.
Some of the key players operating in the vitreoretinal surgical devices market are OCULUS Optikgerte GmbH., Alcon, Inc., Designs For Vision Pty Ltd, Bausch & Lomb, Inc., MedOne Surgical, Inc., Dutch Ophthalmic Research Center International BV., OCULUS Optikgerte GmbH..
The vitreoretinal surgical devices market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vitreoretinal Surgical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vitreoretinal Surgical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vitreoretinal Surgical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vitreoretinal Surgical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vitreoretinal Surgical Devices Market Size & Forecast, 2020-2028
4.5.1 Vitreoretinal Surgical Devices Market Size and Y-o-Y Growth
4.5.2 Vitreoretinal Surgical Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vitrectomy Machines
5.2.2 Vitreoretinal Packs
5.2.3 Photocoagulation Lasers
5.2.4 Illumination Devices
5.2.5 Vitrectomy Probes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Private Eye Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vitreoretinal Surgical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vitreoretinal Surgical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vitrectomy Machines
9.6.2 Vitreoretinal Packs
9.6.3 Photocoagulation Lasers
9.6.4 Illumination Devices
9.6.5 Vitrectomy Probes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Private Eye Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vitrectomy Machines
10.6.2 Vitreoretinal Packs
10.6.3 Photocoagulation Lasers
10.6.4 Illumination Devices
10.6.5 Vitrectomy Probes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Private Eye Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vitrectomy Machines
11.6.2 Vitreoretinal Packs
11.6.3 Photocoagulation Lasers
11.6.4 Illumination Devices
11.6.5 Vitrectomy Probes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Private Eye Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vitrectomy Machines
12.6.2 Vitreoretinal Packs
12.6.3 Photocoagulation Lasers
12.6.4 Illumination Devices
12.6.5 Vitrectomy Probes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Private Eye Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vitrectomy Machines
13.6.2 Vitreoretinal Packs
13.6.3 Photocoagulation Lasers
13.6.4 Illumination Devices
13.6.5 Vitrectomy Probes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Private Eye Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vitreoretinal Surgical Devices Market: Competitive Dashboard
14.2 Global Vitreoretinal Surgical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OCULUS Optikgerte GmbH.
14.3.2 Alcon, Inc.
14.3.3 Designs For Vision Pty Ltd
14.3.4 Bausch & Lomb, Inc.
14.3.5 MedOne Surgical, Inc.
14.3.6 Dutch Ophthalmic Research Center International BV.
14.3.7 OCULUS Optikgerte GmbH.
