The Asia Pacific vitrectomy devices market is expected to reach US$ 408.9 million by 2028 from US$ 250.6 million in 2021. The market is estimated to grow at a CAGR of 7.2% from 2021–2028.
The rising demand for cataract, refractive, and vitrectomy surgeries is expected to increase the sales of vitrectomy devices. Leading market players are increasing their penetration across emerging markets by expanding their distribution networks and augmented manufacturing capabilities. Emerging markets are expected to offer potential growth opportunities for key vitrectomy device manufacturers in the years to come. This can be attributed to the large patient population, high prevalence of eye diseases, such as cataracts and other vision impairments, increasing disposable income, improving healthcare infrastructure, and growing medical tourism in these countries. High investments in life science and health research in emerging countries play a key role in upgrading the latest technologies in these countries. This factor, in turn, supports the inclination toward vitrectomy surgeries.
Countries such as Japan and Australia are conducting virtual international conferences to anticipate the impact of COVID-19 on medical device industry in the Asia Pacific. The ongoing COVID-19 pandemic has created a seismic shift in living habits in the region and medical device industry has borne a significant brunt of this shopper shake-up. China is specifically facing issues with the pandemic, leading to disruption of the supply chain, projected losses in revenue, marketing and sales within all industries, as well as the concerns of health within the production units and other public places. On the other hand, unlike to North America and Europe as of now Asian countries have not imposed second lockdown. Hence, the businesses in the countries are slowly recovering their economies. Urban areas are experiencing adjusting to a changing market. Thus, owing to these it is likely to have opportunities for the market to bring its economy on track.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the vitrectomy devices market. The Asia Pacific vitrectomy devices market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Vitrectomy Devices Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Vitrectomy Devices Market Segmentation
By Product
- Vitrectomy Machines
- Vitrectomy Accessories
- Microscopic Illumination Equipment
- Surgical Instruments
- Others
By Patient Type
- Geriatric
- Adult
- Pediatrics
By Surgery Approach
- Posterior/Pars Plana Vitrectomy
- Anterior Vitrectomy
By Application
- Diabetic Retinopathy
- Retinal Detachment
- Epiretinal Membrane
- Macular Hole
- Others
By End User
- Hospitals
- Ophthalmology Clinics
- Ambulatory Surgery Centers (ASCs)
By Distribution Channel
- Retail Sales
- Direct Tenders
- Third Party Distributors Retinal
By Country
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- D.O.R.C Dutch Ophthalmic Research Center (International)B.V
- HOYA Corporation
- NIDEK CO., LTD
- Danaher(Leica Microsystems AG)
- Carl Zeiss Meditec
- Alcon Inc.
- Iridex Corporation
- Bausch Health Companies Inc.
- Topcon Corporation
- Optos
- GEUDER AG
Asia Pacific Vitrectomy Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 250.6 Million |
| Market Size by 2028 | US$ 408.9 Million |
| CAGR (2021 - 2028) | 7.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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