Global Vitreoretinal Surgery Devices Market to Reach $2.73 Billion by 2029, Growing at 6% CAGR

What combination of drivers is leading to accelerated growth in the vitreoretinal surgery devices market?
The surge in eye-related ailments is anticipated to stimulate the expansion of the vitreoretinal surgery device market. These medical conditions encompass both non-cancerous and cancerous ones that have an impact on the eye. Vitreoretinal surgical instruments are utilized in addressing eye diseases like macular degeneration, cataracts, diabetes-induced retinopathy, glaucoma, and retinal detachment. For instance, the Centers for Disease Control and Prevention, a federal agency in the U.S., predicted in December 2022 that 12 million individuals aged 40 and up in the United States would experience vision difficulties. Out of these, 1 million are sightless, 3 million experience it even after vision correction methods, and the remaining 8 million have it due to unaddressed refractive errors. Consequently, the escalating prevalence of eye diseases fuels the growth of the vitreoretinal surgery device market.

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What is the projected compound annual growth rate (CAGR) of the vitreoretinal surgery devices market from 2025 to 2034, and what factors influence it?
In recent times, the market size of vitreoretinal surgery devices has witnessed consistent growth. It is projected to escalate from $2.05 billion in 2024 to $2.15 billion in 2025, at a compound annual growth rate (CAGR) of 4.9%. The historic growth can be traced back to the rise in retinal disorders, an aging demographic, improved surgical methodologies, an increase in the diabetic populace, and a patient inclination towards minimally invasive surgery.

The market size for vitreoretinal surgery devices is forecasted to experience robust expansion in the coming years. It is anticipated to reach "$2.73 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The projected growth over the forecast period is linked to the consistent rise in the elderly population, the escalating prevalence of retinal diseases, advancements in surgical tools, the growing diabetes epidemic, and the expansion of healthcare infrastructure. During the forecast period, key trends to note include an emphasis on retinal imaging technologies, the evolution of intraocular tamponades, innovative laser systems, customization and patient-specific approaches, as well as the incorporation of artificial intelligence.

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How are the latest trends influencing the growth of the vitreoretinal surgery devices market?
The development of new products is becoming an essential trend in the vitreoretinal surgery device sector. Businesses in this market are focusing on innovative products to maintain competitiveness. For example, Sight Sciences, a US-based ophthalmology company, introduced the SION Surgical Instrument, the first non-bladed device for goniotomy, in August 2022. The emergence of this unique device underlines a significant progression in goniotomy innovation and practice with its bladeless characteristic. The SIONTM Surgical Instrument is a sterile, single-use, hand-operated tool used in eye surgery for removing trabecular meshwork.

What are the major segments of the vitreoretinal surgery devices market and their role in driving growth?
The vitreoretinal surgery devices market covered in this report is segmented -

1) By Product: Photocoagulation Lasers, Illumination Devices, Vitrectomy Machines, Vitrectomy Probes, Vitreoretinal Packs, Other Products
2) By Surgery: Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery
3) By Application: Diabetic Vitreous Hemorrhage, Retinal Detachment, Macular Hole, Other Applications
4) By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Other End-Users

Subsegments:
1) By Photocoagulation Lasers: Argon Lasers, Diode Lasers, Solid-State Lasers
2) By Illumination Devices: Fiber Optic Illumination Devices, LED Illumination Devices, Halogen Illumination Devices
3) By Vitrectomy Machines: 20-Gauge Vitrectomy Systems, 23-Gauge Vitrectomy Systems, 25-Gauge Vitrectomy Systems
4) By Vitrectomy Probes: Single-Use Vitrectomy Probes, Multi-Use Vitrectomy Probes
5) By Vitreoretinal Packs: Single-Use Vitreoretinal Packs, Multi-Use Vitreoretinal Packs
6) By Other Products: Surgical Instruments, Fluid Management Systems, Scleral Buckles

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Which regions are key players in the growth of the vitreoretinal surgery devices market?
North America was the largest region in the vitreoretinal surgery devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global vitreoretinal surgery devices market report during the forecast period. The regions covered in the vitreoretinal surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the vitreoretinal surgery devices market?
Major companies operating in the vitreoretinal surgery devices market include 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 B.V., Paragon Care Group Pvt. Ltd., Topcon Corporation, Geuder AG, IRIDEX Corporation, Ellex Medical Lasers, Erbe Elektromedizin, Design For Vision Inc., BVI Medical Inc., Allen Medical Systems, Abbott Laboratories, Medtronic plc, Mediland Enterprise Co., Sunnex MedicaLights, Stars Medical Devices, Smith & Nephew plc, Inami & Co. Ltd., Novartis AG, Katradis Marine Ropes Ind. S.A., Tufropes Pvt. Ltd., Hoya Corporation

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What Is Covered In The Vitreoretinal Surgery Devices Global Market Report?

• Market Size Forecast: Examine the vitreoretinal surgery devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the vitreoretinal surgery devices market for a structured understanding.
• Key Players Overview: Analyze major players in the vitreoretinal surgery devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vitreoretinal surgery devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the vitreoretinal surgery devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vitreoretinal surgery devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the vitreoretinal surgery devices market.
• Competitive Landscape: Review strategic developments in the vitreoretinal surgery devices market, including expansions, agreements, and new product launches.

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