The Middle East & Africa vitrectomy devices market is expected to reach US$ 97.6 million by 2028 from US$ 66.7 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021–2028.
The vitrectomy devices market is characterized by the presence of many small and big companies. Market players are taking up various strategies, such as new product launches, regional expansion, and technological advancements to increase their market share. With continued innovation and technological advancements, vitrectomy treatments are safer and more effective than ever, which is leading to increased acceptance of vitrectomy devices. Leading players are investing in R&D to develop advanced technologies and gain more revenue share. The active participation of market players in product innovation and development and increase in approvals of products are likely to fuel the growth of the vitrectomy device market in the coming years.
The COVID-19 pandemic has created numerous impacts on health systems, social life, and human behavior worldwide. Market participants and end-users lost their business due to the temporary closure of companies in the region. Moreover, the outbreak has also disrupted the supply chain, put restrictions on trade, and caused a lack of workforce, affecting the business and negatively impacting the market growth. In addition, the market growth was affected due to the reduction in medical setting visits for ophthalmic care to avoid infection. As conjunctivitis has been observed among people suffering from coronavirus hence, to prevent the spread of infection, various ophthalmic surgeries were delayed, and the appointments were postponed except the emergency cases. Furthermore, with the second wave of COVID-19, increasing cases in Latin American countries have impacted the regulatory environment and practices as governments, and healthcare providers face unprecedented challenges. However, the government developed guidelines to provide constant and effective medical care for various procedures, including ophthalmology. Therefore, owing to the above-mentioned factors, the vitrectomy devices market will experience significant growth opportunities in the forecast period.
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 Middle East & Africa vitrectomy devices market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Vitrectomy Devices Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa 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
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Companies Mentioned
- D.O.R.C Dutch Ophthalmic Research Center (International)B.V
- HOYA Corporation
- Danaher(Leica Microsystems AG)
- Carl Zeiss Meditec
- Alcon Inc.
- Bausch Health Companies Inc.
- Topcon Corporation
Middle East and Africa Vitrectomy Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 66.7 Million |
| Market Size by 2028 | US$ 97.6 Million |
| CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Middle East and Africa
|
| 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
- Excel Dataset
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