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Vitreoretinal Surgery Devices Market Forecast Report 2025: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-15 

Vitreoretinal Surgery Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Loss of sight due to escalating age-related macular degeneration or AMD is anticipated to provide a substantial boost to the global vitreoretinal surgery devices market growth in coming years. Likewise, rising occurrences of eye-related ailments across the globe and the advent of cutting-edge micro-invasive vitreoretinal surgery procedures are also expected to augment industry trends.

AMD is a major contributing factor towards blindness in developed nations, as reported by the International Agency for the Prevention of Blindness. It is estimated that over 196 people across the world will suffer from age-related macular degeneration by 2020.

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As the AMD incidences in the elderly population continue to surge, the demand for vitreoretinal surgeries will grow significantly, in turn amplifying market expansion.

A new research report by GMI estimates that the vitreoretinal surgery devices market size will register revenue of over $1.9 billion by 2025.

The economic improvement among people across the globe along with the burgeoning need for the latest health care solutions has amplified the establishment of hospitals to ensure in-house care of the patients. The developing nations like India, Singapore, Thailand, China, Brazil, and Argentina have all showcased tremendous developments in the healthcare industry due to the measures taken by the governments to increase the number of specialty hospitals.

Vitreoretinal devices are widely used in the hospitals to provide necessary treatment for various vision-related disorders like retinal detachment, macular hole, and epiretinal membrane. Moreover, an increase in the number of complications related to diabetes such as diabetic retinopathy and other illnesses has driven the need for advanced hospitals to ensure effective treatment. 

U.S. vitreoretinal surgery devices industry share has showcased tremendous gains over the last few years due to the increase in the incidence of many eye-related complications across the nation. According to the American Academy of Ophthalmology, nearly 40 million people in the U.S. suffer from certain eye-related complications like cataracts, dry eye, glaucoma, and others. This has instigated the need for smart eye-care facilities that are less painful, reliable, and effective.

Wide awareness among the citizens regarding the vitreoretinal treatments available in the country is a major factor supplementing developments in the regional market.

Developing countries like India have emerged as major markets over the years for medical devices, due to efforts taken by the government and agencies to impart knowledge regarding the disease to the people as well as efforts made by private and public entities to introduce novel technologies. For instance, the Vitreoretinal society of India aims at working towards providing adequate information regarding the health condition to those who require and provide easy access to information regarding the complication to the people.

With respect to efforts undertaken by private companies, in the year 2019, Carl Zeiss- a German manufacturer of optical systems and optoelectronics launched FCI vitreoretinal surgical devices in India. The new product focused on providing surgeons effective treatment mechanisms that will improve the vitreoretinal procedures. 

Some of the leading vitreoretinal surgery devices producers globally include Alcon, Inc., Carl Zeiss, MedOne Surgical Inc., Bausch & Lomb, and Designs for Vision, Inc., among others.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/vitreoretinal-surgery-devices-market

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)

5.5. Others

5.5.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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 sport. [email protected] | https://twitter.com/RonakBora26

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