North America Vitrectomy Devices Market is expected to reach US$ 780.3 million and Growing at a CAGR of 6.8% during forecast period 2022-2028

The North America vitrectomy devices market is expected to reach US$ 780.3 million by 2028 from US$ 490.8 million in 2021. The market is estimated to grow at a CAGR of 6.8% from 2021-2028. The rising demand for cataract, refractive, and vitrectomy surgeries is expected to increase the sales of vitrectomy devices. Leading market players are increasing their penetration across emerging markets by expanding their distribution networks and augmented manufacturing capabilities. Emerging markets are expected to offer potential growth opportunities for key vitrectomy device manufacturers in the years to come. This can be attributed to the large patient population, high prevalence of eye diseases, such as cataracts and other vision impairments, increasing disposable income, improving healthcare infrastructure, and growing medical tourism in these countries.

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Key companies profiled in this research study are:
D.O.R.C Dutch Ophthalmic Research Center (International) B.V
HOYA Corporation
NIDEK CO., LTD
Danaher (Leica Microsystems AG)
Carl Zeiss Meditec
Alcon Inc.
Iridex Corporation
Bausch Health Companies Inc.
Topcon Corporation
Optos

Key Market Segments:
In terms of product, the vitrectomy machines segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of patient type, the geriatric segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of surgery approach, the posterior/pars plana vitrectomy segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of application, the diabetic retinopathy segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of distribution channel, the retail sales segment accounted for the largest share of the North America vitrectomy devices market in 2020.

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The COVID-19 pandemic has created technological shifts crucial to providing better care. Due to coronavirus spreading, many cities were shut down, causing treatments and doctors/surgeons meeting cancellations. The patients suffering from critical surgeries such as neurosurgery, spinal surgery, ocular surgery, and ENT surgery require physical awareness and need to implement procedures in the clinics. For Instance: As of March 15, 2020, a total of 52, 923 patients were on the waitlist in the province of Ontario awaiting ophthalmic surgery. The number of non-emergency surgeries performed in the province decreased by 45-98% from March to May 2020, and 48-80% from April to May 2021 compared to the same months in 2019. Since the Coronavirus outbreak reached a pandemic status, the entire North America supply chain has been affected, commencing logistic capabilities and production capacity disruption. Therefore, COVID-19 had a substantial negative impact on the Vitrectomy devices market.

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Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the North America Vitrectomy Devices market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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