Vitreoretinal infections are conditions that influence structures in the eye called the retina and the vitreous. The retina is the light-sensitive layer in the rear of the eye that centers pictures and sends that to the mind through the optic nerve. Vitreoretinal medical procedure devices are utilized to treat different ophthalmic infections, for example, retinal separation, macular degeneration, vitreous discharge and others. Moreover, ophthalmic specialists utilize exceptionally specific equipment, and methods to carry out these vitreoretinal surgeries. Global Vitreoretinal Surgery Devices Market was valued at just under USD 1,545.0 million in 2019 and is expected to reach over USD 1,950.0 million in 2027, growing at a CAGR of over 6.75% during the forecast period.
Global Vitreoretinal Surgery Devices market is anticipated to witness rapid growth during the forecast period. This growth can be attributed to the ever-rising incident rate of eye related disorders across the world, especially in elderly population. Moreover, advancement in technology related to Vitreoretinal Surgery coupled with increasing awareness among people regarding eye health is expected to fuel the growth of Vitreoretinal Surgery Devices industry. World geriatric population is growing consistently and projected to double towards the end of 2050.
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By type, global Vitreoretinal Surgery Devices market is segmented into Photocoagulation Lasers, Illumination Devices, Vitreoretinal Packs, Vitrectomy Machines, Vitrectomy Probes and Others. In 2019, global Vitreoretinal Surgery Devices market was dominated by Vitreoretinal Packs segment with almost 30% share in total revenue generation. It is also expected to be one of the fastest growing segments over the forecast period and maintain its dominance.
Global Vitreoretinal Surgery Devices market is segmented on the basis of applications such as Hospitals, Specialty Clinics, and Ambulatory Surgery Centers. Material Sciences segment accounted for the largest revenue share of over USD 650 million in the year 2019.
Global Vitreoretinal Surgery Devices market is dominated by North America with over 40% share in 2019. Strong growth in North America can be attributed to the large number of hospitals with high adoption rate of new technologies in the field of Vitreoretinal Surgery. Additionally, strong distribution network of Vitreoretinal Surgery manufacturing companies across the region is major growth driving factor for the Vitreoretinal Surgery devices in the region.
Major players in global Vitreoretinal Surgery Devices market include but not limited to Alcon, Inc., Bausch and Lomb, Inc., OCULUS Optikgeräte GmbH, MedOne Surgical, Inc., Carl Zeiss Meditec AG, Designs for Vision, Inc., Peregrine Surgical, D.O.R.C. Dutch Ophthalmic Research Center (International) B.V. and others. The global Vitreoretinal Surgery Devices market is highly concentrated with top six players accounting for just over 30% share in the global market.
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Vitreoretinal Surgery Devices Market by Type, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
• Photocoagulation Lasers
• Illumination Devices
• Vitreoretinal Packs
• Vitrectomy Machines
• Vitrectomy Probes
Vitreoretinal Surgery Devices Market by Application, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
• Specialty Clinics
• Ambulatory Surgery Centers
Vitreoretinal Surgery Devices Market by Region, 2015 – 2027 Volume (K Units) and Revenue (USD Million)
• North America
o United States
• Asia Pacific
o South Korea
o Southeast Asia
• Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
Vitreoretinal Surgery Devices Market by Company, 2018 – 2019 Volume (K Units) and Revenue (USD Million)
• Alcon, Inc.
• Bausch and Lomb, Inc.
• OCULUS Optikgeräte GmbH
• MedOne Surgical, Inc.
• Carl Zeiss Meditec AG
• Designs for Vision, Inc.
• Peregrine Surgical
• D.O.R.C. (Dutch Ophthalmic Research Center (International) B.V.)
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