Vitrectomy Devices Market Size, Company Revenue Share, Key Drivers, and Trend Analysis Till 2028
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.
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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.
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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