New York, According to a new market research report published by Global Insight Services “Vitreoretinal Surgery Devices Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Vitreoretinal surgery devices are used to treat conditions of the retina and vitreous, the clear, jelly-like substance that fills the inside of the eye. There are a variety of vitreoretinal surgery devices, including:
– Retinal detachment repair devices: These devices are used to repair a retina that has become detached from the back of the eye. Retinal detachment is a serious condition that can lead to blindness.
– Vitrectomy devices: These devices are used to remove the vitreous from the eye. Vitrectomy is often performed to treat conditions such as diabetic retinopathy and macular degeneration.
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Key Trends
The key trends in this market are:
1. Increasing prevalence of retinal diseases: Retinal diseases are one of the leading causes of blindness and visual impairment globally. The increasing prevalence of these and other retinal diseases is expected to drive the growth of the vitreoretinal surgery devices market.
2. Technological advances: There have been several technological advances in vitreoretinal surgery devices in recent years. These include the development of new and improved surgical instruments, as well as advances in surgical techniques. These advances have made vitreoretinal surgery safer and more effective, and have expanded the indications for surgery. This is expected to continue to drive the growth of the market.
3. Growth of the aging population: The aging population is a major driver of the vitreoretinal surgery devices market. This is because the risk of developing retinal diseases increases with age. This is expected to lead to an increase in the number of people requiring vitreoretinal surgery.
Key Drivers
The global vitreoretinal surgery devices market is primarily driven by the increasing prevalence of retinal diseases, such as age-related macular degeneration (AMD) and diabetic retinopathy (DR). The rising prevalence of these retinal diseases is expected to fuel the growth of the vitreoretinal surgery devices market during the forecast period.
In addition, the increasing number of surgical procedures being performed for the treatment of retinal diseases is another key factor driving the growth of the vitreoretinal surgery devices market. The rising number of surgical procedures is expected to fuel the demand for vitreoretinal surgery devices in the coming years.
Furthermore, the favorable reimbursement scenario in developed countries is expected to boost the growth of the vitreoretinal surgery devices market. In the U.S., Medicare covers vitrectomy procedures for the treatment of several retinal diseases, such as AMD, DR, and macular hole. This is expected to encourage patients to opt for this treatment, which is likely to drive the growth of the vitreoretinal surgery devices market in the country.
Market Segments
The Vitreoretinal Surgery Devices Market is segmented by product, end-use, and region. By product, the market is divided into photocoagulation lasers, illumination devices, vitreoretinal packs and vitrectomy machines. Based on end-use, it is bifurcated into hospitals, specialty clinics, ambulatory surgery centers, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the rest of the World.
Key Players
The Vitreoretinal Surgery Devices Market includes players such as Alcon, Inc., Bausch & Lomb, Inc., OCULUS Optikgeräte GmbH, MedOne Surgical, Inc., Carl Zeiss Meditec AG, Designs for Vision, Inc., Peregrine Surgical, D.O.R.C., Safilo Group, and Rodenstock.
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Reasons to buy Vitreoretinal Surgery Devices Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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