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Vitreoretinal Surgery Devices Market Size, Share, Trends, Growth And Forecast 2023-2032
Vitreoretinal Surgery Devices Market Report
The Business Research Company's Vitreoretinal Surgery Devices Global Market Report 2023 identifies growing incidences of eye disorders as the major driver for the vitreoretinal surgery devices market's growth in the forecast period. Eye disorders refer to non-neoplastic or neoplastic disorders that affect the eye. Vitreoretinal surgery devices are used to treat eye diseases such as macular degeneration, cataracts, diabetes-related retinopathy, glaucoma, and retinal detachment.
The global vitreoretinal surgery devices market size is expected to grow from $1.7 billion in 2022 to $1.99 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vitreoretinal surgery devices market size is expected to reach $2.43 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the vitreoretinal surgery devices market are Alcon Inc., Bausch & Lomb Inc., OCULUS Optikgerate Gmbh, MedOne Surgical Inc., Carl Zeiss Meditec AG, Peregrine Surgical Group Pvt. Ltd., D.O.R.C. Dutch Ophthalmic Research Center (International) B.V., Paragon Care Group Pvt. Ltd., Topcon Corporation, Geuder AG, IRIDEX Corporation, Ellex Medical Lasers, Erbe Elektromedizin, Design For Vision Inc., and BVI Medical Inc.
A key trend in the vitreoretinal surgery devices market includes product innovation. Companies operating in the vitreoretinal surgery device market are working on new product innovations to sustain their position in the market. For instance, in June 2020, BVI, a US-based medical device manufacturer, launched a new vitreoretinal surgery device called CryoTreq, the world's first single-use handheld cryo-surgery device expanding its vitreoretinal portfolio. This device revolutionizes the treatment of retinal tears and detachments. This stand-alone cryosurgery tool operates without external connections to machinery, gas tanks, or power and is service- and maintenance-free.
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The vitreoretinal surgery devices market is segmented -
•By Product: Photocoagulation Lasers, Illumination Devices, Vitrectomy Machines, Vitrectomy Probes, Vitreoretinal Packs, Other Products
•By Surgery: Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery
•By Application: Diabetic Vitreous Hemorrhage, Retinal Detachment, Macular Hole, Other Applications
•By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vitreoretinal surgery devices market.
The Business Research Company's "Global Vitreoretinal Surgery Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vitreoretinal Surgery Devices Market Include:
1. Vitreoretinal Surgery Devices Market Executive Summary
2. Vitreoretinal Surgery Devices Market Characteristics
3. Vitreoretinal Surgery Devices Market Trends And Strategies
4. Vitreoretinal Surgery Devices Market - Macro Economic Scenario
5. Vitreoretinal Surgery Devices Market Size And Growth
……
26. Africa Vitreoretinal Surgery Devices Market
27. Vitreoretinal Surgery Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vitreoretinal Surgery Devices Market
29. Vitreoretinal Surgery Devices Market Future Outlook and Potential Analysis
30. Appendix
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