Retinal Surgery Devices Market to reach US$2.01 Billion by 2020: Promotion of Technology in Ophthalmic Surgery Field Boost the Growth of this Market

Significant investments in research and development to discover innovative products and make available sophisticated technologies have increased the prices of retinal surgery devices. The result to follow the surge in operational costs is expected to be in the form of high healthcare costs and hospital bills. Beside this, a large number of firms are challenged by delayed regulatory approvals. All of these factors could hamper the growth of the worldwide retinal surgery devices market.

Major vendors in the market are seeking for a fertile platform in the developing economies of countries such as India, China, Brazil, South Africa, and Mexico to trigger their success. Rising number of healthcare infrastructures and robust localization of manufacturing activities have made the emerging markets attractive. The analysts have proved their recommendation of investing in developing nations for lucrative opportunities by exemplifying the high market growth and share rate of a leading firm named Alcon, Inc.

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The value chain analysis of the report emphasizes the importance of maintaining the lowest possible operational cost and upgrading process efficiency by incorporating value adding activities. It also marks the significance of delivering maximum value to consumers by converting inputs into valuable outputs. Carl Zeiss Meditec AG, Bausch + Lomb Incorporated, and other top manufacturers, for instance, are striving to capitalize on the retinal surgery devices market as the first movers. Other major players studied in the report are Alcon, Inc., IRIDEX Corporation, Optos, plc, Lumenis, NIDEK CO., LTD., Topcon Medical Systems, Inc., and Synergetics USA, Inc.

With a valuation of US$1.22 bn in 2013, the international retinal surgery devices market is predicted to see growth a CAGR of 7.3% to touch US$2.01 bn by the end of 2020. The Vitrectomy Packs segment by equipment type is foreseen to grow at a healthy CAGR of 8.2% between 2014 and 2020. Amongst the different segments by application, Diabetic Retinopathy could maintain its colossal share in the market between 2014 and 2020. By geography, North America will spearhead the market with a larger share of US$0.73 bn by 2020 while Asia Pacific is poised to grow at a higher CAGR throughout the forecast period. X

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