Vitreoretinal Surgery Devices Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the vitreoretinal surgery devices market?
In recent times, the market size for vitreoretinal surgery devices has seen consistent growth. It is projected to increase from $2.05 billion in 2024 to $2.15 billion in 2025, implying a compound annual growth rate (CAGR) of 4.9%. The historical growth can be linked to factors such as higher occurrence rates of retinal disorders, an aging demographic, progress in surgical methods, a surge in the diabetic population, and the patient’s inclination towards minimally invasive surgeries.
What will be the vitreoretinal surgery devices market size in the future?
The market size for vitreoretinal surgery devices is poised for robust growth in the coming years and is projected to reach a size of “$2.73 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. The anticipated growth within this period can be credited to the consistent increase in elderly populations, the rising incidence of retinal diseases, enhancements in surgical tools, the expanding diabetes crisis, and growth of healthcare facilities. Key trends predicted for this timeframe include the emphasis on retinal imaging technologies, progress in intraocular tamponades, advancements in laser systems, tailor-made and patient-oriented solutions, and the incorporation of artificial intelligence.
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What main drivers are fueling expansion in the vitreoretinal surgery devices market?
The prevalence of eye ailments is predicted to fuel the vitreoretinal surgery device market’s expansion in the future. These refer to both non-cancerous and cancerous conditions that impact the eye. Vitreoretinal surgical equipment is used to treat eye conditions such as macular degradation, cataracts, diabetic retinopathy, glaucoma, and retinal detachment. For example, the Centers for Disease Control and Prevention, a federal agency in the US, stated in December 2022 that approximately 12 million individuals over the age of 40 in the US would suffer from vision impairment. Among them, 1 million are blind, 3 million experience it even after vision correction, and 8 million due to uncorrected refractive errors. Hence, the escalating prevalence of eye conditions stimulates the growth of the vitreoretinal surgery device market.
What key areas define the segmentation of the global vitreoretinal surgery devices market?
The vitreoretinal surgery devices market covered in this report is segmented –
1) By Product: Photocoagulation Lasers, Illumination Devices, Vitrectomy Machines, Vitrectomy Probes, Vitreoretinal Packs, Other Products
2) By Surgery: Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery
3) By Application: Diabetic Vitreous Hemorrhage, Retinal Detachment, Macular Hole, Other Applications
4) By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Other End-Users
Subsegments:
1) By Photocoagulation Lasers: Argon Lasers, Diode Lasers, Solid-State Lasers
2) By Illumination Devices: Fiber Optic Illumination Devices, LED Illumination Devices, Halogen Illumination Devices
3) By Vitrectomy Machines: 20-Gauge Vitrectomy Systems, 23-Gauge Vitrectomy Systems, 25-Gauge Vitrectomy Systems
4) By Vitrectomy Probes: Single-Use Vitrectomy Probes, Multi-Use Vitrectomy Probes
5) By Vitreoretinal Packs: Single-Use Vitreoretinal Packs, Multi-Use Vitreoretinal Packs
6) By Other Products: Surgical Instruments, Fluid Management Systems, Scleral Buckles
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Who are the dominant players expanding their reach in the vitreoretinal surgery devices market?
Major companies operating in the vitreoretinal surgery devices market include Alcon Inc., Bausch & Lomb Inc., OCULUS Optikgerate GmbH, MedOne Surgical Inc., Carl Zeiss Meditec AG, Peregrine Surgical Group Pvt. Ltd., D.O.R.C. Dutch Ophthalmic Research Center B.V., Paragon Care Group Pvt. Ltd., Topcon Corporation, Geuder AG, IRIDEX Corporation, Ellex Medical Lasers, Erbe Elektromedizin, Design For Vision Inc., BVI Medical Inc., Allen Medical Systems, Abbott Laboratories, Medtronic plc, Mediland Enterprise Co., Sunnex MedicaLights, Stars Medical Devices, Smith & Nephew plc, Inami & Co. Ltd., Novartis AG, Katradis Marine Ropes Ind. S.A., Tufropes Pvt. Ltd., Hoya Corporation
How are evolving market trends shaping vitreoretinal surgery devices Strategies?
The trend of product innovation is gaining traction in the vitreoretinal surgery device market. In order to maintain their market position, businesses in this industry are focusing on the development of innovative products. For example, in August 2022, Sight Sciences, an American ophthalmology firm, introduced the SION Surgical Instrument. This is the first bladeless tool used for goniotomy, marking a new era in innovation and practice in the field. The SION Surgical Instrument, with its unique bladeless structure, is a sterile, single-use, hand-operated tool used in eye surgery procedures to remove the trabecular meshwork.
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Which regions are emerging as leaders in the vitreoretinal surgery devices market?
North America was the largest region in the vitreoretinal surgery devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global vitreoretinal surgery devices market report during the forecast period. The regions covered in the vitreoretinal surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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