Industry Background:
Vitreoretinal surgery is a surgery of the eye for the treatment of complications related to retina, vitreous fluid and macula. Vitreoretinal surgery procedures commonly include retinal tears, diabetic retinopathy, retinal detachments, ocular trauma, macular degeneration, ocular tumor treatment, and hereditary retinal disease treatment. In addition, an increasing number of eye health awareness programs have helped in creating awareness regarding various ophthalmic devices such as vitreoretinal packs, vitrectomy probes, vitreoretinal illumination devices, etc., thereby fuelling the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Covidien (Ireland), Mediland Enterprise (Taiwan), Merivaara (Finland), OCULUS Optikgerte GmbH (Germany), Alcon, Inc. (Switzerland), Designs For Vision Pty Ltd (Australia), Bausch & Lomb, Inc. (United States), MedOne Surgical, Inc. (United States) and Dutch Ophthalmic Research Center International BV (Netherlands) |
According to AMA, the market for Vitreoretinal Surgery Device is expected to register a CAGR of 6.2% during the forecast period to 2027. This growth is primarily driven by Rising Numbers of Aging Population.
Globally, a noticeable market trend is evident Growing Incidences of Eye Diseases
The Medical Devices sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Laboratories (United States), Covidien (Ireland), Mediland Enterprise (Taiwan), Merivaara (Finland), OCULUS Optikgerte GmbH (Germany), Alcon, Inc. (Switzerland), Designs For Vision Pty Ltd (Australia), Bausch & Lomb, Inc. (United States), MedOne Surgical, Inc. (United States) and Dutch Ophthalmic Research Center International BV (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2018, Alcon introduced Hypervit, which features a dual blade design, hence allowing 20,000 counts per minute. Such technologically advanced products will enable the company to expand its product portfolio and spur revenue generation.
Influencing Trend:
Growing Incidences of Eye Diseases and Increasing Focus of Reducing Trauma on Individual Eye
Market Growth Drivers:
Rising Numbers of Aging Population
Challenges:
Stringent Government Regulation Related to the Vitreoretinal Surgery Device
Restraints:
Increasing Treatment Cost
Opportunities:
Raising Awareness About Eye Care and Technological Innovation Micro Invasive Vitreoretinal Surgeries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Vitreoretinal Surgery Device Market
- Analysis about New Entrants in Vitreoretinal Surgery Device Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Vitreoretinal Surgery Device Study Sheds Light on
The Vitreoretinal Surgery Device Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vitreoretinal Surgery Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vitreoretinal Surgery Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.