Vitrectomy Devices Market Analysis Report By Product, By Application, By End-use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global vitrectomy devices market was prized by USD 1036.9 million in 2020. It is projected to witness 6.2% CAGR from 2021 to 2028.

Drivers

Vitrectomy assists in cleaning-up the blood from vitreous as well as in averting traction retinal disconnection. Sequentially, this makes smooth the procedure of other ophthalmic surgical treatments and prevents additional disconnection of the retina, throughout the procedure. Moreover, vitrectomy assists in bringing back the lost vision, sourced by the hemorrhage of the vitreous humor.

The increasing occurrence of retinal complaints along with the factors sourcing the disease is likely to power the enlargement of the market for vitrectomy devices, throughout the forecast period.

Diabetes contains a harmful effect on eye healthiness, causing loss of the vision via impacting the blood vessels of the retina. The number of diabetic retinopathy is likely to grow, therefore, anticipated to boost the expansion of the market, throughout the forecast period.

Restraints

Despite a variety of advantages linked with vitrectomy surgical procedure as well as devices, possibilities linked with the procedure are anticipated to cause threat to its acceptance. The probable threats connected with vitrectomy contain excessive intraocular pressure, infectivity in the eye, retinal detachments and bleeding in the vitreous gel. Besides this, patients may form cataracts or additional eye troubles following a small number of years of vitrectomy. This is expected to hamper theexpansion of the vitrectomy devices market.

Effect of Covid-19

The eruption of Covid-19 pandemic possessed negative effect on a variety of health checks procedures together with ophthalmology. The development of conjunctivitis in approximately 1% to 3% persons, due to the corona virus, is observed.

Therefore, to decrease distribution of the infection, ophthalmologists are being advised not to perform ophthalmic surgical procedures throughout the pandemic, excluding emergency treatments. A variety of clients in diverse regions are facing a reduction in ophthalmic surgical treatments like vitrectomy.

On the other hand, the government is taking on lead and is giving guidelines to make easier the acceptance of medicinal attention together with ophthalmic surgical treatment similar to vitrectomy throughout the pandemic, therefore, anticipated to increase the expansion of the market in the forecast period.

Application Insight

The macular hole section detained the leading 25.2% revenue share and led the market, in 2020. The section is projected to expand by a major ratio. A macular hole is a little fracture in the macula, situated in the middle of the retina.

A small number of macular holes cure themselves; but, the majority of them necessitate surgical treatment named vitrectomy, intended for improving eyesight. Furthermore, a macular hole can happen because of the retinal disconnection, extreme myopia and eye injury. Therefore, the increasing commonness of these ailments is likely to increase the development of the section.

The retinal detachment section is projected to undergo the fastest growth during the forecast period. Mainly, the retinal detachment is observed in patients, having excessive myopia. The rising frequency of excessive myopia is likely to add to the expansion of the section. The diabetic retinopathy section is likely to develop by a momentous speed throughout the forecast period

Product Insight

The vitrectomy machines section held the major 36.8% revenue share and directed the market, in 2020. The enlargement of the section can be credited to the occurrence of latest generation machines having sophisticated features like intraocular pressure regulation, improvised fluidics, minute measurement size, and greater speed of cut rate.

The vitrectomy packs section is likely to develop by the highest speed throughout the forecast period. This can be credited to the augmented acceptance of these packs within an extensive variety of indications like detachment of posterior vitreous, removal of vitreous from retina, collective procedures for retinal surgery, and removal of epi retinal membrane.

Moreover, the photocoagulation lasers section detained a large revenue share of the market, in 2020. Laser photocoagulation surgical procedure assists in demolishing or lessening irregular structure of retina and therefore is extensively accepted for rectifying retina associated circumstances like diabetic retinopathy. The increasing commonness of diabetic retinopathy is anticipated to push the expansion of the section for the period of the forecast.

End Use Insight

As a result of the increasing implementation of vitrectomy surgical treatments the hospital division held the leading approximately 42.0% revenue share and directed the market, in 2020. A greater amount of hospitals are presenting ophthalmic treatment together with vitrectomy. Sequentially, this is projected to increase the setting up of vitrectomy devices in them.

The Ambulatory surgical centers (ASCs) division is expected to develop by the highest speed throughout the forecast period. The increasing figure of Ambulatory surgical centers (ASCs) in budding nations is projected to add to the enlargement of the market.

The ophthalmic clinic division is furthermore expected to demonstrate expansion during the forecast period. An increasing figure of ocular complaints is anticipated to impel the expansion of the division. A variety of ophthalmic experts are starting clinics to come across the rising demand for ophthalmic treatment, consequently, adding to the development of the division.

Regional Insight

In 2020, North America held the major 35.9% revenue share and directed the global vitrectomy devices market. The rising commonness of ophthalmic complaints like retinal detachment, diabetic retinopathy, macular hole, plus others is anticipated to add to the enlargement of the market, within the region. The attendance of a huge number of companies in the U.S. is moreover estimated to add towards the same. These companies are getting the authorization for their product from U.S. FDA; therefore, upholding their place within the market of North America.

Asia Pacific market is projected to develop by the highest 6.4% speed, throughout the forecast period. The existence of a huge group of patient within the region, looking for the ophthalmic treatment is likely to impel the acceptance of vitrectomy devices. Moreover, the rising concentration of the government to offer better health check amenities in addition to appropriate treatment to the patients may possibly add to the expansion of the market.

The market in Europe is projected to develop by a significant speed. This can be credited to the enhancement in R&D funds used for the development of innovative products, rising demand for technically highly developed products, and the excessive frequency of eye sickness. A Germany sourced company working in the market for ophthalmic devices, Carl Zeiss Meditec AG, is greatly concentrated on R&D activities to provide modern products in the European, in addition to the global market.

Companies

By way of contending numerous small as well as large companies, the market is disjointed. The major companies are developing technically sophisticated vitrectomy devices. These are able to present one plus additional utility, intended for the medication of optical complaints. These companies are creating tactical associations like joint ventures, mergers & acquisitions and collaborations to stay aggressive in the market.

Some of the companies for vitrectomy devices market are:

• Carl Zeiss Meditec AG
• Blink Medical
• NIDEK CO., LTD.
• Bausch & Lomb Incorporated
• Hoya Surgical Optics
• Topcon Corporation         
• Johnson & Johnson Vision Care, Inc.
• BVI
• Alcon Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global vitrectomy devices market on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Vitrectomy machines
    • Vitrectomy packs
    • Photocoagulation lasers
    • Illumination devices

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Diabetic retinopathy
    • Retinal detachment
    • Macular hole
    • Vitreous hemorrhage
    • Others

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospitals
    • Ophthalmic clinics
    • Ambulatory surgical centers

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
    • Asia Pacific
        • Japan
        • China
        • India
        • Thailand
        • South Korea
    • Latin America
        • Brazil
        • Mexico
        • Argentina
        • Colombia
    • Middle East and Africa
        • South Africa
        • Saudi Arabia
        • UAE