The Vitreoretinal Surgery Devices Market is ascertained to make greater strides in the future. The present-day and futuristic cutting-edge technology, namely IoT, AI, and Big Data operate better in a lightning-fast and reliable internet connection. The benefits of high-speed internet would be seen in telecare in the next 2-3 years, but going forward, more authentic data streams are likely to come up with better-connected devices, thereby revolutionizing the healthcare system.
Vitreoretinal surgery devices are specialized surgery devices utilized in the vitrectomy procedure and in the repair of the detached retina of the eye. The vitreoretinal surgery devices market includes vitrectomy accessories, vitrectomy machines, vitrectomy packs, as well as disposable equipment. The technology utilized in vitreoretinal surgery devices is based on the removal of vitreous from the interior parts of the eye to facilitate retina repair and access to hemorrhage.
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However, new vitreoretinal surgery devices are incorporating the same technology as the one used in atherectomy devices. The growing trend of utilizing vitrectomy machines with PHACO machines to combine the retinal and cataract procedures is estimated to promote the growth of the vitreoretinal surgery devices market.
- Alcon, Inc.
- Dutch Ophthalmic Research Center International B.V.
- Bausch & Lomb Incorporated
- Geuder AG
- Carl Zeiss
- Hooya Corporation
- Cooper vision
- Ellex Medical Lasers
- Safilo Group
- Erbe Elektromedizin
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Constantly Increasing Prevalence of Retinal Disorders
The growing demand for vitreoretinal surgery devices can be primarily attributed to the growing incidence of retinal detachment (RD) and diabetic retinopathy. Diabetic retinopathy and eye disorders are primarily affecting a large population group, which has increased the disease awareness about these conditions and other related diseases. Growth in the population affected with retinal disorders has led to an increase in the number of manufacturers and distributors, as well as hospitals and retinal centers.
According to the latest research by PMR, the global vitreoretinal surgery devices market is expected to account for almost US$ 3,000 Mn in terms of value by the end of 2029. The report on the vitreoretinal surgery devices market further projects a significant growth potential for the vitreoretinal surgery devices market with a CAGR of 6.0% through 2029.
The Dutch Ophthalmic Research Center has developed TDC, a technology that features two cutters located at the openings of guillotine shaft positioned inside. This design permits a vitreous cutting action in backward as well as forward movements. The main benefits of this technology comprise higher cutting rates of up to 14,000 to 16,000 cpm, improved flow rate, and reduced retinal threshold traction. This is another factor that is boosting the vitreoretinal surgery devices market. With increasing vision-related disorders, there has been an increase in the demand and need for retina care solutions, drugs, and intervention surgeries.
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Segmentation Highlights: Vitreoretinal Surgery Devices Market
PMR has segmented the global vitreoretinal surgery devices market based on product type into vitrectomy accessories, vitrectomy packs, vitrectomy machines, and vitreoretinal surgery disposables. On the basis of application, the vitreoretinal surgery devices market is further segmented into diabetic vitreous hemorrhage, retinal detachment, macular hole, and others.
In terms of revenue, the vitrectomy accessories segment of the vitreoretinal surgery devices market is estimated to hold a prominent share over the forecast period. According to PMR, the vitrectomy accessories segment accounted for a revenue share of over 39.3% in the overall vitreoretinal surgery devices market in 2019. However, the increasing procedure count of retinal detachment surgery and the growing adaption of vitrectomy machines is estimated to fuel the growth of the vitreoretinal surgery devices market in the near future.
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