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Vitreoretinal Surgery Devices Market Will Exhibit an Impressive Expansion by 2024-2031

05-22-2024 11:32 AM CET | Health & Medicine

Press release from: Orion Market Research

Vitreoretinal Surgery Devices Market Will Exhibit

The global vitreoretinal surgery devices market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The growing demand for vitreoretinal surgery devices is primarily attributed to the growing incidence of retinal detachment (RD) and the increasing prevalence of diabetic retinopathy. According to the American Academy of Ophthalmology, diabetic retinopathy is the leading cause of blindness among working-age adults, and the prevalence of DR in patients with type 1 diabetic Mellitus is 77.3% and with type 2 is 25.1%, across the globe. As per the same source, Developed countries such as South America have a greater prevalence of diabetic retinopathy. Hence, the rising prevalence of such diseases contributes to the higher growth demand for the global vitreoretinal surgery devices market.

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Moreover, the growing number of retinal disorders has led to an increase in the number of manufacturers and distributors, which are focusing on adopting different strategies such as mergers and acquisitions, partnership, innovation and new launch to stay competitive in the market.For instance, in October 2021, BVI announced an investment in Beyeonics Vision, a medical technology subsidiary of Elbit System Ltd. With this investment Beyeonics Vision aims to use an integrated augmented reality (AR), tracking, and image processing/AI platform to deliver improved visualization.Through this collaboration, the company aims to expand their our collective capabilities to optimize all aspects of visualization for eye surgeons and offer a transformative experience to providers and patients.

Apart from this, in July 2021, Johnson & Johnson Vision, globally launched a VERITAS Vision System, which is a next-generation phacoemulsification (phaco) system. Phacoemulsification is the commonly demandedcataract surgery technique thatallows surgeons to effectively emulsify and efficiently remove the eye's internal lens.

Global Vitreoretinal Surgery Devices Market- Segmentation

By Product Type

• Perfluorocarbon Liquids
• Endoillumination Instrument
• Vitreoretinal Prefilled Silicone Oil Syringes
• Others

By Surgery Type

• Anterior Vitreoretinal Surgery
• Posterior Vitreoretinal Surgery

A full report of Vitreoretinal Surgery Devices Market is available at: https://www.omrglobal.com/industry-reports/vitreoretinal-surgery-devices-market

Global Vitreoretinal Surgery Devices Market by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alcon Vision LLC
• BVI Holdings Ltd.
• Designs for Vision, Inc.
• Ellex Medical
• Inami Co. Ltd.
• Iridex
• Lightmed Corp.
• Lumenis Be Ltd.
• MEDA Co. Ltd.
• MedOne Surgical, Inc.
• Nidek Co., Ltd

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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