Vitreous Tamponades Market, By Product Type (Gases (Silicone Oil, PFCL), Liquid), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
Vitreous surgery is generally required for complex instances of proliferative vitreoretinopathy, trauma, retinal detachments, giant retinal tears, and diabetic retinopathy. In such circumstances, intraocular tamponades serve an important role in supporting the retina and prevent fluid from passing through the retinal breaches.
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Statistics
The global vitreous tamponades market is expected to be worth US$ 92.3 million by 2027.
Global Vitreous Tamponades Market: Drivers
Rising incidence of diabetic retinopathy is expected to drive the global vitreous tamponades market growth during the forecast period. For instance, according to the National Diabetes and Diabetic Retinopathy Survey report released in October 2019, the incidence of diabetes in India was 11.8 % from 2015 to 2019, with 3.8 % of new diabetes cases and 8.0 % of known cases of diabetes during that time period.
Furthermore, the growing elderly population is expected to increase the need for vitreous tamponades. For instance, the World Health Organization estimates that the aging population will reach from 900 million in 2015 to 2 billion by 2050.
Statistics
In 2019, North America held the largest share in the global vitreous tamponades market, contributing for 33.1 % of the total value, trailed by Europe and the Asia Pacific.
Global Vitreous Tamponades Market: Restraints
The commoditization of the vitreous tamponades sector in Europe, Asia, and the Rest of the World is expected to stifle the global vitreous tamponades market growth over the forecast period. Increasing demand for efficient long-term tamponades, along with a growing number of producers (particularly penetration by domestic manufacturers offering tamponades at cheaper rates), has sparked a price war in the tamponade market, reducing business revenues. Although the change from high-priced to low-priced products allows distributors to increase profit margins, it has an impact on the overall vitreous tamponade market. Furthermore, companies’ reduced R&D expenditure, which results in a lack of product innovation, is expected to restrict the global vitreous tamponades market growth over the forecast period.
Global Vitreous Tamponades Market: Opportunities
Research and development in vitreous tamponades is expected to provide attractive growth possibilities for global vitreous tamponades market players. For the treatment of retinal detachment diseases, silicone oil, perfluorocarbon (PFCL), or gaseous tamponades are being used. Superior retina breaks are treated with conventional silicone oil (specific gravity 0.95 g/cm3 to 0.98 g/cm3), whereas inferior retina breaks are treated with heavy silicone oil (specific gravity 1.02 g/cm3 to 1.06 g/cm3). Moreover, the therapy of proliferative vitreoretinopathy and numerous fractures in the upper and lower retina remains clinically challenging. This is due to the fact that typical silicone oil floats in the upper vitreous cavity, leaving the lower vitreous cavity without adequate support. Moreover, thick silicone oil, which is good for treating retinal breaks in the lower vitreous cavity, leaves the top cavity unsupported.
Furthermore, the future development of novel products is expected to aid in the global vitreous tamponades market growth over the forecast period.
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Statistics
The global vitreous tamponades market was worth US$ 76.0 million in 2019 and is expected to be worth US$ 92.3 million by 2027, growing at a 2.5 % CAGR during the forecast period 2020 – 2027.
Market Trends/Key Takeaways
One of the most often utilized tamponade agents in vitreoretinal surgery is silicone oil. Furthermore, silicone oil has a number of side effects and problems, such as secondary angle-closure congestion and anterior rotation of the ciliary body.
Major players in the global vitreous tamponades market are working to enhance their market position. For instance, Alchimia Srl announced the incorporation of Alchilife Srl, an Italian R&D company specializing in the ophthalmology sector, in March 2020.
Global Vitreous Tamponades Market: Competitive Landscape
Some of the key players contributing to the global vitreous tamponades market are Dutch Ophthalmic Research Center (International) B.V., Carl Zeiss Meditec AG, Alcon, Inc., Alchimia Srl, Fluoron GmbH, Bausch Health Companies Inc., and Croma-Pharma GmbH.
Global Vitreous Tamponades Market: Key Developments
The global vitreous tamponades market’s key players are focusing on M&A strategies to increase their product range. For instance, Alcon, Inc. in December 2018 acquired Tear Film Innovations, Inc., a privately owned business that manufactures the iLux Device, a therapeutic device used to cure Meibomian Gland Dysfunction, a primary cause of dry eye.
Reasons to Purchase this Report
• Current and future of global Vitreous Tamponades market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Technological Advancements
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- Global Vitreous Tamponades Market, By Product Type, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Gases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Silicone Oil
- PFCL
- Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Vitreous Tamponades Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- Japan
- India
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Alchimia srl
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Alcon Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Bausch Health Companies Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Carl Zeiss Meditec AG
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Croma-Pharma GmbH
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Dutch Ophthalmic Research Center (International) B.V
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Fluoron GmbH
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Alchimia srl
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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