Global Vitrectomy Devices Market Size 2024, Forecast To 2033
6 Mar, 2024
The vitrectomy devices market has demonstrated strong growth, increasing from $1.59 billion in 2023 to $1.7 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. The robust growth in the historical period is attributed to early challenges in adoption, clinical research and evidence, limited treatment options, manual control and precision, and early adoption in specialized cases. Foreseeing strong growth in the next few years, the market is projected to reach $2.24 billion in 2028 at a CAGR of 7.1%. The expected expansion in the forecast period is linked to factors such as a focus on value-based healthcare, demand for cost-effective solutions, patient preference for advanced treatments, regulatory support and approvals, and market penetration in emerging economies. Major trends during this forecast period include miniaturization and portability, integration of advanced imaging, enhanced surgical visualization, growth in minimally invasive procedures, and customization and personalization.
Global Vitrectomy Devices Market Key Driver
The vitrectomy device market is poised for growth due to the increasing prevalence of visual impairment. Visual impairment, affecting a person's ability to see and hindering daily activities, is on the rise, primarily attributed to the aging population, the surge in chronic diseases, and unhealthy lifestyles. Vitrectomy devices play a crucial role in treating various eye conditions contributing to visual impairment. According to a report by the World Health Organization (WHO) in October 2022, an estimated 2.2 billion people worldwide experience near or distant vision impairment, with 1 billion cases being either preventable or unaddressed. This escalating prevalence of visual impairment serves as a driving force for the growth of the vitrectomy device market.
Get A Free Sample Of The Global Vitrectomy Devices Market ReportGlobal Vitrectomy Devices Market Segments
The vitrectomy devices market covered in this report is segmented –
1) By Products: Vitrectomy Machines, Vitrectomy Packs, Photocoagulation Lasers, Illumination Devices
2) By Surgery Approach: Posterior Or Pars Plana Vitrectomy, Anterior Vitrectomy
3) By Applications: Diabetic Retinopathy, Retinal Detachment, Macular Hole, Vitreous Hemorrhage, Other Applications
4) By End-Users: Hospitals, Ophthalmic Clinics, Ambulatory Surgical Centers
By Geography:The regions covered in the vitrectomy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the vitrectomy devices market in 2023. Asia-pacific is expected to be the fastest-growing region in the global vitrectomy devices market report during the forecast period. The regions covered in the vitrectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Vitrectomy Devices Industry Players
Alcon Inc., Bausch and Lomb Incorporated, Beaver-Visitec International Holdings Inc., Nidek Co. Ltd., Johnson and Johnson Vision Care Inc., Blink Medical Limited, Topcon Corporation, HOYA Medical Singapore Pte Ltd., Carl Zeiss Meditec AG, Optos plc, IRIDEX Corporation, Dutch Ophthalmic Research Center, Danaher Corporation, Lumenis Ltd., Synergetics Inc., Advanced Optisurgical Inc., OCULUS Optikgeräte GmbH, MedOne Surgical Inc., Designs for Vision Inc., Geuder AG, Ellex Medical Lasers Ltd., Erbe Elektromedizin GmbH, Halma plc, Ophthalmic Instruments Inc., Accutome Inc., Rhein Medical Inc., FCI Ophthalmics Inc., Insight Instruments Corp., Rumex International Corporation, Oertli Instrumente AG
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Vitrectomy Devices Market Overview
Vitrectomy devices refer to surgical instruments used to perform a vitrectomy, which is a surgical procedure that involves removing the vitreous gel from the eye. The vitreous gel is the transparent, jelly-like material that lines the area in the eye between the lens and the retina. It is commonly used to treat a variety of eye conditions, including retinal detachments, and vitreous hemorrhages.
Vitrectomy Devices Global Market Report 2023 provides data on the global vitrectomy devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vitrectomy devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.