The Vitrectomy Devices Market Size was valued at USD 1.24 billion in 2023, and is expected to reach USD 2.05 billion by 2031, and grow at a CAGR of 6.48% over the forecast period 2024-2031.
Vitrectomy devices are crucial medical equipment and supplies needed for vitrectomy. An eye procedure called a vitrectomy is used to address a variety of retinal and vitreous disorders. The main warning signs and symptoms of eye issues include losing vision, seeing floaters or specks, having distorted or blurry vision, problems with side vision, and seeing floaters or specks. The purpose of the surgery is to remove the vitreous and replace it with another substance. The center of the eye is filled with vitreous, which is a gel-like substance. Utilizing specific vitrectomy surgery equipment, like vitrectomy supplies and systems, ensures that the procedure is completed safely and with the desired results. The instruments most frequently used for vitrectomy include machines, tamponades, light pipes, probes, scissors, and lasers.
Get more information on Vitrectomy Devices Market - Request Sample Report
MARKET DYNAMICS
DRIVERS
Diabetes is more common than ever.
Increasing knowledge of conditions affecting the eyes, as well as the available remedies
The market's expansion is being boosted by rising demand for minimally invasive procedures for eye surgery.
RESTRAINTS
Fears regarding the potential risks of a vitrectomy
OPPORTUNITIES
One of the key factors anticipated to accelerate the growth and demand for vitrectomy equipment is the rising incidence rate of retinal detachment.
CHALLENGES
Healthcare services that are ineffective and a sluggish adoption of new technology
People from all across the world have been affected by the pandemic, and operating facilities have been shut down globally. During the lockdown period, the healthcare sector is dealing with unusual situations. Shutting down the production facilities also had an impact on the creation of medicinal products. A decrease in warehouse inventory of the manufactured goods was caused by the disruption of the medical products' supply chain.
Due to fewer visits to ophthalmic care hospitals in the medical context in order to limit the likelihood of infection, COVID-19 had a negative effect on the global market for vitrectomy devices. Additionally, COVID-19 patients must deal with eye issues including conjunctivitis, which prevents medical staff from performing ophthalmic procedures. During the projection period, the government's introduction of guidelines to provide effective and ongoing medical treatment in addition to ophthalmology is anticipated to drive market growth.
By Product Type
Vitrectomy equipment: According to estimates, this market sector will have the highest revenue share. The devices have cutting-edge features like quick cut rates, novel fluidics, intraocular pressure, and compact gauge sizes.
The demand for vitrectomy packs has increased for procedures including detaching the posterior vitreous and performing retinal surgery, which include removing the vitreous from the retina and the epiretinal membrane.
Lasers used for photocoagulation: The laser helps to obliterate or reduce aberrant retinal structures, which improves surgical precision.
Devices for producing light are used to enhance the surgeon's visibility during vitreoretinal surgery. The most often used lighting sources include metal halide, halogen, LED, Xenon, and mercury vapor.
By Application
Macular Hole: The market dominance of the segment is anticipated. The macula, which is located in the center of the retina, has a microscopic breach, known as the macular hole.
Diabetic Retinopathy: During the projected period, the market is anticipated to expand quickly. The segment will likely be driven by the rapid rise in diabetic retinopathy cases around the globe.
Retinal Detachment: Patients with excessive myopia are more likely to get retinal detachment. High myopia is becoming more common, which is accelerating market expansion.
Blood leaks into various areas that have formed inside or around the vitreous body in a condition known as vitreous hemorrhage. Retinal tears or neovascularization of the retina might cause the disorder to develop immediately.
Other: Other uses for vitrectomy include treating eye infections and injuries.
By End-use
Hospitals: This market sector is anticipated to grow rapidly. This is explained by the rise in hospitals offering ocular care, including vitrectomy, and the rising acceptance of vitrectomy surgeries.
Ambulatory Surgery Centers: The industry is anticipated to grow quickly. This is a result of the rise in ambulatory surgery facilities in developing and impoverished nations.
Ophthalmic Clinics: These are general clinics for licensed medical professionals. The majority of these are general practitioners or ophthalmologists. The patient is given advice and initial therapy for an eye condition.
By Product Type
Vitrectomy machines
Photocoagulation lasers
Vitrectomy packs
Illumination devices
By Application
Diabetic retinopathy
Macular hole
Retinal detachment
Vitreous hemorrhage
Others
By End-use
Hospitals
Ambulatory Surgery Centers
Ophthalmic Clinics
.png)
Need any customization research on Vitrectomy Devices Market - Enquiry Now
Due to the increased prevalence of diabetes, North America held the greatest market share for vitrectomy devices. According to the National Diabetes Statistics, diabetes affects about 9.5% of the country's population as a whole. These figures show the market in the area is expanding rapidly. The presence of major players like BVI (US), Johnson & Johnson Vision Care, Inc. (US), and Med One Surgical, Inc. (US) in the region, as well as established research organisations dedicated to product development and the availability of cutting-edge diagnostic products, all contribute to the market's expansion. In order to grow their businesses, the major companies are expanding their operational facilities around the region, forming alliances, and launching new goods.
A sizable portion of people with eye-related disorders are found in Asia and the Pacific. The people in the area are becoming more conscious of problems related to the eyes. Additionally, the regional government is stepping up its awareness-raising and R&D efforts to promote private businesses' contributions to the introduction of cutting-edge technologies to the market. These elements are enhancing the market expansion in the area. The region's expanding healthcare infrastructure and more investment are fueling the market's expansion.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Major key players are Alcon Inc., BVI, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Inc, HAAG-STREIT GROUP, Blink Medical, NIDEK CO., LTD., Med One Surgical, Inc, Topcon Corporation, Hoya Surgical Optics and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.24 Billion |
| Market Size by 2031 | US$ 2.05 Billion |
| CAGR | CAGR of 6.48% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Vitrectomy machines, Photocoagulation lasers, Vitrectomy packs, Illumination devices) • By Application (Diabetic retinopathy, Macular hole, Retinal detachment, Vitreous hemorrhage, Others) • By End-use (Hospitals, Ambulatory Surgery Centers, Ophthalmic Clinics) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Alcon Inc., BVI, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Inc, HAAG-STREIT GROUP, Blink Medical, NIDEK CO., LTD., Med One Surgical, Inc, Topcon Corporation, Hoya Surgical Optics. |
| Key Drivers | • Diabetes is more common than ever. |
| RESTRAINTS | • Fears regarding the potential risks of a vitrectomy |
Ans The Vitrectomy Devices Market Size was valued at USD 1.17 billion in 2022.
Ans Diabetes is more common than ever, and Increasing knowledge of conditions affecting the eyes, as well as the available remedies are the key drivers of the Vitrectomy Devices market
Ans. Due to the increased prevalence of diabetes, North America held the greatest market share for vitrectomy devices.
Ans. The Vitrectomy Devices Market is to grow at a CAGR of 6.4% over the forecast period 2023-2030.
Ans. Alcon Inc., BVI, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Inc, and HAAG-STREIT GROUP are the key players of Vitrectomy Devices market
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Vitrectomy Devices Market Segmentation, By Product Type
8.1 Vitrectomy machines
8.2 Photocoagulation lasers
8.3 Vitrectomy packs
8.4 Illumination devices
9. Vitrectomy Devices Market Segmentation, By Application
9.1 Diabetic retinopathy
9.2 Macular hole
9.3 Retinal detachment
9.4 Vitreous hemorrhage
9.5 Others
10. Vitrectomy Devices Market Segmentation, By End-use
10.1 Hospitals
10.2 Ambulatory Surgery Centers
10.3 Ophthalmic Clinics
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Alcon Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BVI
12.3 Carl Zeiss Meditec AG
12.4 Bausch & Lomb Incorporated
12.5 Johnson & Johnson Vision Care, Inc
12.6 HAAG-STREIT GROUP
12.7 Blink Medical, NIDEK CO., LTD.
12.8 Med One Surgical, Inc
12.9 Topcon Corporation
12.10 Hoya Surgical Optics
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Injectable Cytotoxic Drugs Market size was USD 18.32 Billion in 2022 and is expected to Reach USD 31.24 Billion by 2030 and grow at a CAGR of 6.9 % over the forecast period of 2023-2030.
Report Scope & Overview: The Infusion Pump Software Market Size was valued at USD 924.28 million in 2022 and is expected to reach USD 1660 million by 2030 and grow at a CAGR of 7.6% over the forecast period 2023-2030.
In 2023, the market size of allergic conjunctivitis was USD 2.5 billion and is expected to reach USD 3.98 billion by 2031 and grow at a compound annual growth rate of 6 % between 2024 and 2031.
The Regenerative Medicine Market was estimated at USD 25.65 billion in 2022 and is poised to reach 90.13 billion in 2030 anticipated to expand at a compound annual growth rate approx. CAGR of 17.01% for the forecast period of 2023-2030.
The Microfluidics Market size was estimated at USD 28.71 billion in 2022 and is expected to reach USD 72.10 billion by 2030 at a CAGR of 12.2% during the forecast period of 2023-2030.
The Glycomics Market size was estimated USD 1.7 billion in 2022 and is expected to reach USD 5.09 billion by 2030 at a CAGR of 14.7% during the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
