Global Vitreoretinal Surgery Devices market to surpass USD 2300 million by 2026

Axiom MRC predicts that the global vitreoretinal surgery devices market will post a compound annual growth rate (CAGR) of 5.50 % between 2020 and 2026. Product Innovation Becomes a Key Strategy for Market Growth

Wilmington, 27 January 2020: Axiom Market Research & Consulting(TM) added a report on global vitreoretinal surgery devices market which includes study on various products and end users across various countries of key regions around the world. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the vitreoretinal surgery devices market.

Browse for More Details:https://www.axiommrc.com/product/10016-Vitreoretinal-Surgery-Devices-Market-Report

What's Driving the Vitreoretinal Surgery Devices Market Growth?

Vitreoretinal surgery devices market is projected to carve a notable growth path, due to the surging product requirement for age-related eye disorders such as retinal detachment, diabetic retinopathy etc. The American Diabetic Association report statistics state that approximately 93 million people suffered from diabetic retinopathy disorder in 2017. Increasingly changing dietary habits and a hectic, modern lifestyle has led to a widespread occurrence of diabetes. Diabetic people are susceptible to ocular disabilities such as blindness and diabetic retinopathy, which in turn, will favor vitreoretinal surgery devices industry growth noticeably. Moreover recent technological developments like automation and ease of use of the vitreoretinal surgery devices is likely to enhance sales and increase adoption of vitreoretinal surgery devices over the forecast period.

Overview of Vitreoretinal Surgery Devices Market:

A comprehensive analysis of this market is presented by product type (vitrectomy surgery devices, photocoagulation surgery devices, illumination surgery devices), by end-user (hospitals, ophthalmology clinics and ambulatory surgical centers), and by geography (the Americas, APAC, and EMEA).

Various products of Vitreoretinal surgery devices are Vitrectomy surgery devices, Photocoagulation surgery devices and Illumination surgery devices etc. Among various products, vitrectomy surgery devices held major chunk of the total market, owing to rise in number of geriatric populations along with increasing number of Vitreoretinal surgeries. As per the statistics published by National Eye Institute, approximately 1.3 million Americans are suffering from blindness and 2.9 million have low vision and an estimated number is anticipated to increase drastically in coming years. Hence, increase in eye disorders will noticeably boost the demand for vitreoretinal surgery devices.

The major end users of the market are Hospitals, ophthalmology clinics and ambulatory surgical centers. The increasing prevalence of retinal disorders is driving the influx of patients in hospitals across the world. The hospital's segment will continue to grow in the forthcoming years due to the increasing demand for medical tourism for in various countries of Asia Pacific.

The global Vitreoretinal surgery devices market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World.. In 2019, North America commanded the largest share of the global diagnostic imaging market. This is attributed to factors such as growing incidences of ocular disorders, rise in geriatric population, and technological advancement.

The key competitors of this market include Alcon, Bausch + Lomb, Carl Zeiss Meditec AG, DORC, MedOne Surgical Inc., Nidek Co. Ltd, Oculus, Optikon, Peregrine Surgical and Topcon among others.

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