Press release
Vitreous Tamponades to Witness High Demand due to Increasing Incidence of Diabetic Retinopathy, reports TMR
“Expansion of distribution networks and distributor subsidiaries is the strategy top companies in this market are adopting to augment sales,” points out a TMR analyst. For example, Alchimia Srl’s sales in the U.S. and Latin America are handled by Oftalmedia LLC, whereas its sales in other regions are handled by its Italy-based subsidiary BBS Srl.
The introduction of new products and new technologies is another key growth model that leading players in this market are exploring. Strategic mergers and acquisitions for the expansion of distributor base are on the growth plans of leading companies in the global vitreous tamponades market, adds TMR.
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Declining Rate of Complications due to Diabetes in U.S. Challenges Market Growth
The major factor driving the global vitreous tamponades market is the increasing incidence of retinal detachment, macular pucker, and other ophthalmic conditions. Vitreous tamponades are used for the treatment of several vitreoretinal disorders such as retinal detachment, age-related macular degeneration, diabetic retinopathy, and vitreous hemorrhage. For instance, as per the International Diabetes Federation, almost 300 million individuals were affected with diabetes worldwide in 2010 and this number is expected to reach 438 million by 2030. A rising geriatric population that is susceptible to retinal disorders is also favoring the growth of the vitreous tamponades market.
“The commoditization of the vitreous tamponades market in Asia Pacific, Europe, and Rest of the World is challenging the growth of this market”, says a TMR analyst. Increasing demand for tamponades that are effective in the long-term and the price war that has spurred between local manufacturers and global vendors is adversely affecting industry revenue.
The decline in the incidence of diabetic retinopathy in North America is also slowing the growth of the global vitreous tamponades market. As per the American Diabetes Association, the complications arising due to diabetes have significantly reduced between 1990 and 2010 in the U.S. Moreover, the increasing number of awareness programs for routine eye examination carried out by governments and the World Health Organization has resulted in a considerable decline in the rate of proliferative diabetic retinopathy.
Gaseous Tamponades to Display Significant Growth Rate in Future
Liquid tamponades dominated the global vitreous tamponades market on the basis of product type in 2013, the segment held more than 49% of the overall market in the same year. The large market share of liquid tamponades is attributed to their extensive use in Europe and Asia for the treatment of retinal detachments with multiple breaks, proliferative diabetic retinopathy, giant tears, and proliferative vitreoretinopathy. Silicone oil liquid tamponades will register the fastest growth during the report’s forecast period. However, a high cost of silicone oil tamponades and their high chances of emulsification in the eye due to their low viscosity and surface tension are likely to limit the uptake of these tamponades. Perfluorocarbons liquid tamponades will display a constant growth rate as they are largely used for reattaching giant retinal tears.
On the other hand, gaseous tamponades will display the highest growth rate due to their low risk of emulsification, ease of use, and reduced cost.
The global vitreous tamponades market is expected to reach a valuation of US$77.5 mn by 2020.
The information presented in this review is based on a Transparency Market Research study, titled, “Vitreous Tamponades Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”
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The global vitreous tamponades market is segmented as follows:
Global Vitreous Tamponades Market Revenue, by Type
Gaseous Tamponades
Liquid Tamponades
Silicone Oil
Perfluorocarbons
Global Vitreous Tamponades Market Revenue, by Geography
North America
Europe
Asia Pacific
Rest of the World
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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