The Global Retinal Detachment Market was around USD 1800.3 million in 2016 and is expected to reach USD 2689.2 million by 2023 which is a projected CAGR of 5.9%.
The term retinal detachment refers to a condition when the retina gets separates from the supporting layers. Such detachments are due to hole, retinal tear or break. This condition may lead to partial or even total blindness, subjected to the extent of detachment. It is severe condition which must be diagnosis at the earliest and treated. Blurred vision, partial vision loss, suddenly seeing many floaters, and others are some symptoms of this condition. It may affect people of any age group, but usually more common in the aging population aged from 60-70.
The incidence has averaged out with 10-15 number of detachment per 100,000 people. The rising prevalence of retinal detachment along with the changing technology are some important factor for the market growth. Innovation and gradual adoption of advanced products are supporting effective treatment of retinal detachment.
Hospitals are also rapidly adopting these devices as a part of their technology upgradation which is another key factor for the market growth. Increasing demand from emerging markets of Asia, Latin America, and Eastern Europe are providing fuel for the growth of the global retinal detachment market. The global retinal detachment market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Companies are developing and launching new innovative technologically advanced products for effective diagnostics and treatment are leading the market growth.
There are plenty of large and small market players which operate in this market: Carl Zeiss Meditec, Inc. (US), Centervue SpA (Italy), Co:Lab Pensacola (US), Eyenuk Inc (US), Imagine Eyes (France), HealPros, LLC (US), NEUROVISION IMAGING, LLC . (US), Optos (UK), Peek Vision Ltd. (UK), and others.
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Global retinal detachment market has been segmented on the basis of type which comprise of rhegmatogenous, tractional, exudativem, and others.
On the basis of diagnosis, it is segmented into retinal examination, imaging, fluorescein angiography, fundus photos, visual field test, and others. Imaging tests includes ultrasound and others. Ultrasound imaging is further sub-segmented into B-scan, A-Scan, and others.
On the basis of treatments, the market has been segmented into retinal tears, retinal detachment, and others. Retinal tears includes laser surgery (photocoagulation), freezing (cryopexy), and others. Retinal detachment is further sub-segmented into pneumatic retinopexy, scleral, vitrectomy, and others.
On the basis of end user, it is segmented into eye hospital and clinics, medical research centers, academic institutes, and others.
The global retinal detachment market is segmented into five major regions including Americas, Europe, Asia Pacific, and Middle East and Africa region.
The Americas regions considered as the largest revenue generation in the global retinal detachment market owing to the factors such as rising investment in R&D as well as clinical trials, pharmaceutical companies implementing aggressive promotional strategies. Moreover factors such as increasing prevalence of various skin diseases is major driving force in the US retinal detachment market. This condition are more common in males than females.
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In the U.S., the prevalence of retinal detachment is around 8%. Usually, the age group of 18-44 are more susceptible for contracting this disease. Availability of skilled medical professionals, availability of top class healthcare facilities, well-educated patients and high income are a few important factors defining the Americas retinal detachment market.
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