US and Europe Vitrectomy Devices Market is expected to reach US$ 1,203.52 Million by 2028

Published Date: 25 Nov 2021

Vitrectomy Machines Segment to Lead US and Europe Vitrectomy Devices Market during 2021–2028

According to our new research study on “US and Europe Vitrectomy Devices Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product, Application, Patient Type, Surgery Approach, End User, Distribution Channel” the market is expected to grow from US$ 770.12 million in 2021 to US$ 1,203.52 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the significant rise in elderly population and significant advancements in vitreoretinal surgery devices. However, complications associated with vitrectomy hamper the market growth.

Based on product, the US and Europe vitrectomy devices market is segmented into vitrectomy accessories, vitrectomy machines, microscopic illumination equipment, surgical instruments, and others. The vitrectomy machines segment held the largest share of the market in 2021. However, the vitrectomy accessories segment is anticipated to register the highest CAGR in the market during the forecast period. The vitrectomy machines have undergone advance features development such as intraocular pressure control and small gauge size. All vitrectomy machines perform the basic functions of vitreous cutting, aspiration, irrigation, and illumination. The basic components of the machine are viewing system, operating microscope, vitreous cutters, and infusion system. The vitrectomy machine finds applications in various conditions, such as diabetic retinopathy, retinal detachment, and vitreous hemorrhage that is result of bleeding in the eye from injuries and retinal tears.

Impact of COVID-19 Pandemic on US and Europe Vitrectomy Devices Market

The COVID-19 pandemic is adversely affecting industries across the world. The outbreak led to significant disruptions in primary industries, such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace & defense, and construction in 2020. The pandemic negatively impacted the  vitrectomy devices market due to the reduction in medical setting visits for ophthalmic care to avoid infection. As conjunctivitis has been observed among people suffering from COVID-19, therefore, to avoid the spread of infection, various ophthalmic surgeries were delayed, and the appointments were postponed or canceled for nonemergency cases. Amid the outbreak, disruptions in supply chain, restrictions on trade, and lack of workforce hindered the businesses and the market growth. Moreover, hospitals and healthcare providers reassigned their specialist doctors to various tasks in ICUs and other COVID-19-related wards. However, the government developed guidelines to provide constant and effective medical care in various fields, such as ophthalmology. Therefore, the US and Europe vitrectomy devices market is expected to experience the significant growth opportunities during the forecast period.

D.O.R.C Dutch Opthalmic Research Center (International) B.V; HOYA Corporation; NIDEK CO., LTD; Danaher; Carl Zeiss Meditec; Alcon Inc.; Iridex Corporation; Bausch Health Companies Inc.; GEUDER AG; Topcon Corporation; and Optos are among the leading companies operating in the US and Europe vitrectomy devices market.

The report segments the US and Europe vitrectomy devices market as follows:

The US and Europe vitrectomy devices market is segmented on the basis of product, application, patient type, surgery approach, end user, distribution channel, and country. Based on product, the market is segmented into vitrectomy accessories, vitrectomy machines, microscopic illumination equipment, surgical instruments, and others. Based on application, the US and Europe vitrectomy devices market is segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. Based on patient type, the market is segmented into adult, pediatrics, and geriatric. Based on surgery approach, the US and Europe vitrectomy devices market is bifurcated into posterier/pars plana vitrectomy and anterior vitrectomy. Based on end user, the market is segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers (ASCs). Based on distribution channel, the US and Europe vitrectomy devices market is segmented into direct tenders, third party distributors, and retail sales. By country, the US and Europe vitrectomy devices market is segmented into the US, the UK, Germany, France, Italy, Spain, and the Rest of Europe.

 

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