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Vitrectomy Devices Market Research 2024-2033 - Outlook, Overview, Competitor Analysis, and Trends
Vitrectomy Devices Market
The Business Research Company offers in-depth market insights through Vitrectomy Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vitrectomy devices market size has grown strongly in recent years. It will grow from $1.59 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to early challenges in adoption, clinical research and evidence, limited treatment options, manual control and precision, early adoption in specialized cases.
The vitrectomy devices market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to focus on value-based healthcare, demand for cost-effective solutions, patient preference for advanced treatments, regulatory support and approvals, market penetration in emerging economies. Major trends in the forecast period include miniaturization & portability, integration of advanced imaging, enhanced surgical visualization, growth in minimally invasive procedures, customization and personalization.
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Market Segmentation:
The vitrectomy devices market covered in this report is segmented -
1) By Products: Vitrectomy Machines, Vitrectomy Packs, Photocoagulation Lasers, Illumination Devices
2) By Surgery Approach: Posterior Or Pars Plana Vitrectomy, Anterior Vitrectomy
3) By Applications: Diabetic Retinopathy, Retinal Detachment, Macular Hole, Vitreous Hemorrhage, Other Applications
4) By End-Users: Hospitals, Ophthalmic Clinics, Ambulatory Surgical Centers
Major Driver - Rising Prevalence Of Visual Impairment To Drive Market Growth
The increasing prevalence of visual impairment is expected to propel the growth of the vitrectomy device market going forward. Visual impairment is a condition in which a person's ability to see is compromised to the point where it affects their daily activities. The increasing prevalence of visual impairment is mostly driven by the aging population, the rise of chronic diseases, and poor lifestyles, where vitrectomy devices are commonly used to treat a range of eye conditions that can lead to visual impairment. For instance, in October 2022, according to a United Nations Agency, World Health Organization (WHO), an estimated 2.2 billion people experience near or distant vision impairment, with nearly half of these cases, around 1 billion, being either preventable or still unaddressed. Therefore, the increasing prevalence of visual impairment will fuel the vitrectomy devices market growth.
Competitive Landscape:
Major companies operating in the vitrectomy devices market report are Alcon Inc., Bausch and Lomb Incorporated, Beaver-Visitec International Holdings Inc., Nidek Co. Ltd., Johnson and Johnson Vision Care Inc., Blink Medical Limited, Topcon Corporation, HOYA Medical Singapore Pte Ltd., Carl Zeiss Meditec AG, Optos plc, IRIDEX Corporation, Dutch Ophthalmic Research Center, Danaher Corporation, Lumenis Ltd., Synergetics Inc., Advanced Optisurgical Inc., OCULUS Optikgeräte GmbH, MedOne Surgical Inc., Designs for Vision Inc., Geuder AG, Ellex Medical Lasers Ltd., Erbe Elektromedizin GmbH, Halma plc, Ophthalmic Instruments Inc., Accutome Inc., Rhein Medical Inc., FCI Ophthalmics Inc., Insight Instruments Corp., Rumex International Corporation, Oertli Instrumente AG
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Top Trend - Product Innovations Transforming The Vitrectomy Devices Market
High-precision vitrectomy devices have emerged as a key trend gaining popularity in the vitrectomy devices market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in April 2021, DORC announced the launch of its new trocar cannula system, the EVA AVETA. The system is designed to provide a minimally invasive approach for vitreoretinal surgeries, offering surgeons a smaller incision and reducing the risk of complications. The EVA AVETA trocar cannula system features a unique spring-loaded blade that allows for a controlled and precise entry into the eye. The EVA AVETA™ system is compatible with DORC's existing vitreoretinal instruments and equipment, making it easy to integrate into existing surgical workflows.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vitrectomy Devices Market Characteristics
3. Vitrectomy Devices Market Trends And Strategies
4. Vitrectomy Devices Market - Macro Economic Scenario
5. Vitrectomy Devices Market Size And Growth
…..
27. Vitrectomy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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A surgical tool used in the medical process known as vitrectomy is a vitrectomy device.
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