Global Retinal Surgery Devices Market, By Type (Vitrectomy Machines, Vitrectomy Packs, Retinal Laser Equipment, Microscopic Illumination Equipment, Surgical Instruments, Others),Application (Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole, Others),End User (Hospitals, Eye Clinics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Global retinal surgery devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account from USD 2,049.9 million in 2020 to USD 3,537.96 million by 2028 growing at a CAGR of 7.06% in the above-mentioned forecast period.
Retinal surgery devices are the essential medical tools and accessories required for retinal surgery. The retinal surgery is done primarily for treatment of the different retinal diseases (diabetic retinopathy, macular hole), for treating complications related to retina, macula and vitreous fluid or for surgically repairing torn or detached retinas. Some of commonly used retinal surgery devices are scissors, tamponades, probes, vitrectomy machines, light pipes and lasers.
The upsurge in geriatric population and the prevalence of retinal eye diseases across the globe is estimated to boost the growth of the market. Another factor which plays significant role in driving the retinal surgery devices market is growing demand for minimally invasive surgical instruments and the technologically advanced products provided by the different market players. The advancements in field of medical tools by the market players currently established are focused on constant upgradation of technologies to improve the quality of healthcare equipment being provided to the patients.. However, the factor such as high cost products and lack of skilled professionals affect the growth of the market negatively.
The efficient training with respect to usage of retinal surgery devices and ophthalmology conferences and exhibitions might generate new opportunities within the forecast period. The stringent regulatory landscape and harmful effects of certain devices are major challenge for the market that may negatively impact the market’s growth.
This retinal surgery devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research retinal surgery devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Retinal Surgery Devices Market Scope and Market Size
Retinal surgery devices market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the retinal surgery devices market is segmented vitrectomy machines, vitrectomy packs, retinal laser equipment, microscopic illumination equipment, surgical instruments and others. Retinal laser equipment is further segmented into photocoagulation device, photo disruption device and SLT.
- On the basis of application the retinal surgery devices market is bifurcated into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole and others.
- Based on end user, the retinal surgery devices market is classified into hospitals, eye clinics and others.
Retinal Surgery Devices Market Country Level Analysis
Retinal surgery devices market is analyzed and market size insights and trends are provided by type, application and end user as referenced above.
The countries covered in the retinal surgery devices market report are U.S., Canada, Mexico, Germany, Italy, U.K, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.
The dominating region in the market is North America due to the good availability of this regions’ high-skilled surgeons and healthcare facilities which provide proper minimally invasive surgeries. Moreover, prevalence of ophthalmic disease and diabetic population is also increasing within this region. On the other hand, Asia-Pacific region is estimated to show substantial growth due to the rising awareness and the developing healthcare infrastructure and other medical investments within the forecast period of 2021 to 2028 which further triggers significant penetration.
The country section of the retinal surgery devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Retinal surgery devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for retinal surgery devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the retinal surgery devices market. The data is available for historic period of 2010 to 2019.
Competitive Landscape and Global Retinal Surgery Devices Market Share Analysis
Retinal surgery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points provided are only related to the companies’ focus related to retinal surgery devices market.
The major players covered in the retinal surgery devices market report are Alcon, Bausch & Lomb Incorporated, Iridex Corporation, Synergetics Inc., ASICO, BVI, Biotech Visioncare, Carl Zeiss Meditec AG, Ellex Medical Lasers, Erbe Elektromedizin GmbH, Escalon Medical Corp, Geuder, Insight Instruments, Lumenis, Nano Retina, OertliInstrumente AG, Peregrine Surgical Ltd, Quantel Medical, and Rhein Medical, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.