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Diabetic Eye Disease Devices Market by Top key players: Alcon Inc., Ellex Medical Lasers Ltd., IRIDEX Corp., Synergetics USA Inc. | QYResearch
Diabetes eye diseases consist of a group of eye-related conditions that affect individuals with diabetes. The conditions include diabetic macular edema (DME), diabetic retinopathy, glaucoma, and cataract. Diabetes is the leading cause of eye diseases and can cause severe vision loss or blindness. These eye diseases are widely treated with laser surgery.
The global diabetic eye disease devices market is highly competitive and characterized by the technological advancements and innovation. The market has several small and regional vendors developing strategic alliances with global players to gain market share. Factors like increased product portfolio extensions, advances in technology, and R&D have resulted in intense competition among vendors. The competition is expected to intensify with vendors using innovative marketing strategies to gain market presence.
The growing adoption of minimally invasive (MI) surgeries is one of the key growth drivers of the global diabetic eye disease devices market. As MI surgeries cause minimal scarring and have improved surgical outcomes, there is a significant reduction in the duration of hospital stay. Most retinal surgeries these days are carried out using an MI small gauge surgery that does not require sutures. Moreover, the MI surgical procedures are performed using the right-sized instruments that reduce post-operative discomfort. This results in facilitating rapid healing without changing the refractive power of the eye. Therefore, the MI approach is used in several retinal surgeries such as for the treatment of retinal detachment, macular holes, macular puckers, and diabetic maculopathy. The growing preference for minimally invasive retinal surgeries is expected to positively affect the market in the coming years.
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The Americas to dominate the market and hold the largest market share of more than 55%. The US is the largest revenue generator in this region. According to the IDF estimates, 30 million people in the US had diabetes, which was the highest among 38 developed nations. Due to the increasing number of people with diabetes, there has been increasing incidences of eye disorders among the older population. Factors such as the recent technological advancements and awareness of laser eye surgeries will propel this market’s growth in the Americas.
The global Diabetic Eye Disease Devices market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.
The major manufacturers covered in this report
Alcon Inc.
Ellex Medical Lasers Ltd.
IRIDEX Corp.
Synergetics USA Inc.
Topcon Corp.
Abbott Medical Optics
Bausch & Lomb
Carl Zeiss Meditec
Lumenis
Meridian
NIDEK
Quantel
Rhein Medical
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
North America
Europe
China
Japan
Southeast Asia
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Laser surgery
Vitrectomy
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Hospitals
Clinics and laboratories
Others
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