Market Overview
The global vitreoretinal surgery devices market size was valued by 2029, growing at a CAGR of 5.99% during the forecast period (2022-2029).
Vitreoretinal surgery treats eye disorders involving the retina, macula, and vitreous fluid. Macular degeneration, retinal detachment, uveitis and vitreous hemorrhage, macular hole, epiretinal membrane, retinal detachment, and diabetic retinopathy complications are among them. The various instruments, tools, and surgical equipment designed to aid surgeons in the execution of the surgery fall under the category of medical devices known as vitreoretinal surgery devices.
Market Dynamics
The rising frequency of eye disorders such as macular degeneration, retinal detachment, uveitis and vitreous hemorrhage, macular hole, epiretinal membrane, retinal detachment, and diabetic retinopathy complications is a major factor driving market growth. Furthermore, the growing geriatric population, more prone to eye disorders, is driving the market growth. Technological advancements in the field and the increased availability of automated and simple-to-use devices drive market growth.
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Technological advancements in the field of vitreoretinal surgery devices will drive the market growth
Over the last years, there have been several significant changes in the technologies in the operating room for vitreoretinal surgery devices. Although these innovations come from different technology areas, they all aim to improve surgeons’ performance and outcomes. New surgical microscope models and smaller, more efficient vitrectomy devices are examples of such innovations. In the future, robotics will be present in the operating room sooner than expected, allowing the surgeon to perform delicate tasks without injuring adjacent tissues. For instance, The hypersonic probe developed for the Stellaris Elite (Bausch + Lomb) system is available for the company’s 23-ga. The system is the most recent technology in the field of vitrectomy cutters. This probe liquifies adjacent vitreous during a vitrectomy by using hypersonic vibrations at approximately 1.7 million per minute. The aspiration port is always open with this technology, allowing constant aspiration flow and, as a result, greater stability in vitreous removal, even in severe cases such as pediatric vitrectomies.
Scientific data and trends in vitreoretinal surgery go hand in hand. The interaction of technology and techniques can either start a trend or disclose a new solution to a long-standing problem. New visualization techniques, for example, could allow us to chronicle surgery in a different way, improving our ability to critically evaluate each new technological trend as it moves through the pipeline. Surgeons will be able to make the best decisions about which new technology to use for their procedures based on scientific information in this way.
Market Segmentation
By Type
- Photocoagulation Lasers
- Illumination Devices
- Vitreoretinal Packs
- Vitrectomy Machines
- Vitrectomy Probes
- Others
By Surgery Type
- Anterior Vitreoretinal Surgery
- Posterior Vitreoretinal Surgery
Competitive Landscape
The global market for healthcare information exchange is moderately competitive, with several major players. Dutch Ophthalmic Research Center International BV, Bausch & Lomb, Inc., OCULUS Optikgeräte GmbH, Paragon Care Group Australia Pty Ltd, and MedOne Surgical, Inc, Alcon, Peregrine Surgical, Designs for Vision Inc, Carl Zeiss Meditec AG are among the market’s major players.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the vitreoretinal surgery devices market globally. For instance, in Septeber 2018, Optikon, a major player in the eye care market, launched R Evo smart, a compact piece of equipment designed to improve the quality of retinal and cataract surgeries.
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