Vitrectomy Devices Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos
A vitrectomy is one of the procedures used to repair a detached retina. This procedure removes portions of the vitreous. This is sometimes necessary when the vitreous, a thick, transparent substance that fills the center of the eye, blocks the surgeon’s view of the retina. The rising prevalence of ophthalmic diseases and the factors that cause them are expected to increase and drive the market for ocular surgical equipment. Furthermore, diabetes has a negative impact on eye health, and it is the cause of some of the major ocular diseases such as diabetic retinopathy is attributed to the market growth of vitrectomy devices. For instance, as per the CDC, 37.3 million people have diabetes which is 11.3% of the US population. Furthermore, the increasing number of ocular surgeries also catalyzes the growth of the vitrectomy market. Therefore, increasing demand for eye-care surgeries is expected to drive the global vitrectomy devices market at a CAGR of 6%, during the forecast period.
COVID-19 has slowed the growth of the Vitrectomy
Devices market, as countries were forced to implement lockdowns during the
first half of 2020. The healthcare facilities were only treating emergency
cases and postpended the inessential appointments including eyecare centers.
Furthermore, the COVID-19 pandemic also halted the supply chain which results
in a shortage of the raw material required for the manufacturing of the devices.
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According to UnivDatos Market Insights (UMI)’
research report “global vitrectomy
devices market”, the market is expected to witness robust
growth during the forecast period 2021-2027F. This
is mainly due to the increasing demand for early diagnosis and the rising
prevalence of glaucoma.
Based on the product, the market has been categorized
into vitrectomy machines, photocoagulation lasers, illumination devices, and
others. Amongst these, the vitrectomy machine segment is expected to witness
significant growth during the forecast period. This is mainly due to
advancements in technology and the integration of machines with higher cut
rates, and intraocular pressure attributed to the segmental growth in the
vitrectomy market.
Based on the
application, the
market has been categorized into diabetic retinopathy, retinal detachment, macular
hole, vitreous hemorrhage, and others. Among them, the retinal detachment
segment is expected to have significant growth in the market. Retinal
detachment means the retina has separated from the back of the eye and retinal
detachment surgery involves reattaching the retina to the back of the eye and
sealing any breaks or holes in the retina. It is age-related problem, and the
rising geriatric population has a significant contribution to the market growth
of the segment.
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Based on end-users,
the market is
classified into the market is segmented into hospitals, ophthalmic centers, and
others. The hospitals are expected to witness lucrative growth during the
forecast period. This is mainly due to the presence of skilled professionals
and a well-established infrastructure.
In Addition, most of eye diseases are age-related and hospitals provide
them a place where the treatment of multiple diseases is available.
North America to witness extensive growth
For a better understanding of the market
adoption of the Vitrectomy Devices industry, the market is analyzed based on
its worldwide presence in the countries such as North America (United States,
Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain,
United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India,
Australia, and Rest of APAC), and Rest of World. North America holds a lucrative market share
owing to the presence of the major market player and mergers and acquisitions
in the region. For instance, in August 2021, Eye Health America (EHA) is
proud to announce the acquisition of Nielsen Eye Center. Nielsen Eye Center is
joining Updegraff Laser Vision to expand Eye Health America’s continuum of
patient care in the Tampa Bay area.
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According to UnivDatos
Market Insights (UMI)’, the key players with a considerable
market share in the global vitrectomy
devices market are Alcon
Inc., Bausch & Lomb Incorporated, BVI, NIDEK CO. LTD., Johnson &
Johnson Vision Care Inc., Blink Medical, Topcon Corporation, Carl Zeiss Meditec
AG, Hoya Surgical Optics, and Optos Plc.
“Global Vitrectomy
Devices Market” provides comprehensive qualitative
and quantitative insights on the industry potential, key factors impacting
sales and purchase decisions, hotspots, and opportunities available for the
market players. Moreover, the report also encompasses the key strategic
imperatives for success for competitors along with strategic factorial indexing
measuring competitor's capabilities on different parameters. This will help
companies in the formulation of go-to-market strategies and identifying the
blue ocean for its offerings.
Market Segmentation:
1.
By Product (Vitrectomy
Machines, Photocoagulation Lasers, Illumination Devices, and Others)
2.
By Application (Diabetic
Retinopathy, Retinal Detachment, Macular Hole, Vitreous Hemorrhage, and Others)
3.
By End-User (Hospitals, Ophthalmic Centers, and Others)
4.
By Region (North America,
Europe, Asia-Pacific, Rest of the World)
5.
By Company (Alcon Inc., Bausch & Lomb Incorporated, BVI,
NIDEK CO. LTD., Johnson & Johnson Vision Care Inc., Blink Medical, Topcon
Corporation, Carl Zeiss Meditec AG, Hoya Surgical Optics, and Optos Plc.)
Key questions answered in the study:
1.
What are the current and future trends
of the global vitrectomy devices industry?
2.
How the industry has been evolving in
terms of product, application, and end-users?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global vitrectomy devices industry?
5.
What is the customer orientation,
purchase behavior, and expectations from the global vitrectomy devices suppliers
across various region and countries?
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