Vitrectomy Devices Market is expected to reach US$ 2,003.24 Million by 2028

Published Date: 26 Nov 2021

Report : Vitrectomy Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Vitrectomy Accessories, Vitrectomy Machines, Microscopic Illumination Equipment, Surgical Instruments, and Others), Application (Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole, and Others), Patient Type (Adult, Pediatrics, and Geriatric), Surgery Approach (Posterier/Pars Plana Vitrectomy and Anterior Vitrectomy), End User [Hospitals, Ophthalmology Clinics, and Ambulatory Surgery Centers (ASCs)], Distribution Channel (Direct Tenders, Third Party Distributors, and Retail Sales), and Geography

Vitrectomy Machines Segment to Lead Vitrectomy Devices Market During 2021–2028

 

According to our latest study on “Vitrectomy Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Patient Type, Surgery Approach, End-User, and Distribution Channel,” the market is projected to reach US$ 2,003.24 million by 2028 from US$ 1,290.19 million in 2021; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the vitrectomy devices market is primarily attributed to the significant rise in elderly population and significant advancements in vitreoretinal surgery devices. However, complications associated with vitrectomy hinder the growth of the market.       

 

Based on product, the 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, and it is expected to register the highest CAGR during the forecast period. 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, macular holes, and vitreous hemorrhage. The continuous technological developments are expected to drive the market growth for the vitrectomy machines segment 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 vitrectomy devices market.

Vitrectomy Devices Market, by Region, 2021 (%)
Vitrectomy Devices Market, by Region, 2021 (%)

The Vitrectomy Devices Market has Been Segmented as Follows:

The vitrectomy devices market is segmented on the basis of product, application, patient type, surgery approach, end-user, and distribution channel. Based on product, the market is segmented into vitrectomy accessories, vitrectomy machines, microscopic illumination equipment, and surgical instruments. The vitrectomy devices market, by application, is segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. The market, by patient type, is segmented into adult, pediatrics, and geriatric. The vitrectomy devices market, by surgery approach, is bifurcated into posterier/pars plana vitrectomy and anterior vitrectomy. The market, by end-user, is segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers (ASCs). The vitrectomy devices market, by distribution channel, is segmented into direct tenders, third party distributors, and retail sales. The market by geography is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SCAM). The vitrectomy devices market in North America is segmented into the US, Canada, and Mexico. The vitrectomy devices market in Europe is segmented into France, Germany, UK, Spain, Italy, and Rest of Europe. The vitrectomy devices market in Asia Pacific (APAC) is segmented Into China, India, Japan, Australia, South Korea, and Rest of Asia Pacific. The vitrectomy devices market in Middle East & Africa (MEA) is segmented Into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. The vitrectomy devices market in South and Central America (SCAM) is segmented into Brazil, Argentina, and Rest of South and Central America

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