The global vitreoretinal surgery devices market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The growing demand for vitreoretinal surgery devices is primarily attributed to the growing incidence of retinal detachment(RD) and the increasing prevalence of diabetic retinopathy. According to the American Academy of Ophthalmology, diabetic retinopathy is the leading cause of blindness among working-age adults, and the prevalence of DR in patients with type 1 diabetic Mellitus is 77.3% and with type 2 is 25.1%, across the globe. As per the same source, Developed countries such as South America have a greater prevalence of diabetic retinopathy. Hence, the rising prevalence of such diseases contributes to the higher growth demand for the global vitreoretinal surgery devices market.
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Moreover, the growing number of retinal disorders has led to an increase in the number of manufacturers and distributors, which are focusing on adopting different strategies such as mergers and acquisitions, partnership, innovation and new launch to stay competitive in the market.For instance, in October 2021, BVI announced an investment in Beyeonics Vision, a medical technology subsidiary of Elbit System Ltd. With this investment Beyeonics Vision aims to use an integrated augmented reality (AR), tracking, and image processing/AI platform to deliver improved visualization.Through this collaboration, the company aims to expand their our collective capabilities to optimize all aspects of visualization for eye surgeons and offer a transformative experience to providers and patients.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Vitreoretinal Surgery Devices Market– Segmentation
By Product Type
- Perfluorocarbon Liquids
- Endoillumination Instrument
- Vitreoretinal Prefilled Silicone Oil Syringes
- Others
By Surgery Type
- Anterior Vitreoretinal Surgery
- Posterior Vitreoretinal Surgery
Global Vitreoretinal Surgery Devices Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vitreoretinal surgery devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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