US and Europe Vitrectomy Devices Market to Grow at a CAGR of 6.6% to reach US$ 1,203.52 Million from 2021 to 2028
The US and Europe vitrectomy devices market is expected to reach US$ 1,203.52 million by 2028 from US$ 770.12 million in 2021; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028.
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. The report offers insights and in-depth analysis of the market, emphasizing various parameters such as market trends and opportunities, market dynamics, and competitive landscape analysis of leading market players across the US and Europe. It also includes the impact analysis of COVID–19 pandemic across the regions.
Lucrative Regions for Vitrectomy Devices Market
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Market Insights
Significant Rise in Elderly Population
Various economies across the world, such as the US, and the UK, are witnessing considerable modernization of healthcare facilities and improvements in healthcare services. With this, the life expectancy of people has in these countries, leading to a growth in their geriatric population base. According to the data by the WHO, in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. Ophthalmic diseases constitute a significant health problem among older people. Age-related macular degeneration resulting in loss of central vision, glaucoma, retinal detachment, cataracts, and diabetic retinopathy are among the most common ophthalmic diseases among geriatric population. Diabetic retinopathy is also common among older people during the early stages of diabetes or at the time of diagnosis.
Retinal detachments can happen to anyone at any age but they are more common in the elderly people. The separation of vitreous from the retina often causes retinal detachments and a posterior vitreous detachment (PVD) causes this separation. The majority of PVDs do not cause long-term harm to the eye but they can produce retinal tears in some people, progressing to a retinal detachment. With the potential of implementing new technologies, such as vitrectomy, the procedure's outcome is improved and the risk of complications, such as retinal detachment, retinal tear, and macular edoema (swelling), is reduced. It is an enormous investment up front, but it could improve patient outcomes.
Product-Based Insights
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 of 7.2% in the market during the forecast period.
US and Europe Vitrectomy Devices Market, by Product – 2021 & 2028
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Application-Based Insights
Based on application, the US and Europe vitrectomy devices market is segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. The diabetic retinopathy segment held the largest share of the market in 2021. However, the retinal detachment segment is anticipated to register the highest CAGR of 7.2% in the market during the forecast period.
Patient Type-Based Insights
Based on patient type, the US and Europe vitrectomy devices market is segmented into adult, pediatrics, and geriatric. The geriatric segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 7.2% in the market during the forecast period.
Surgery Approach-Based Insights
Based on surgery approach, the US and Europe vitrectomy devices market is bifurcated into posterier/pars plana vitrectomy and anterior vitrectomy. The posterier/pars plana vitrectomy segment held a larger share of the market in 2021, and the same segment is anticipated to register a higher CAGR of 6.9% in the market during the forecast period.
End User-Based Insights
Based on end user, the US and Europe vitrectomy devices market is segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers (ASCs). The hospitals segment held the largest share of the market in 2021. However, the ophthalmology clinics segment is anticipated to register the highest CAGR of 7.2% in the market during the forecast period.
Distribution Channel-Based Insights
Based on distribution channel, the US and Europe vitrectomy devices market is segmented into direct tenders, third party distributors, and retail sales. The retail sales segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 7.1% in the market during the forecast period.
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US and Europe Vitrectomy Devices Market: Strategic Insights
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Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
US and Europe Vitrectomy Devices Market: Strategic Insights
Mrinal
Have a question?
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystCompanies commonly adopt inorganic strategies such as mergers and acquisitions to meet changing customer demand and maintain their brand name worldwide. Players operating in the US and Europe vitrectomy devices market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide.
By Product
- Vitrectomy Accessories
- Vitrectomy Machines
- Microscopic Illumination Equipment
- Surgical Instruments
- Others
By Application
- Diabetic Retinopathy
- Retinal Detachment
- Epiretinal Membrane
- Macular Hole
- Others
By Patient Type
- Adult
- Pediatrics
- Geriatric
By Surgery Approach
- Posterier/Pars Plana Vitrectomy
- Anterior Vitrectomy
By End User
- Hospitals
- Ophthalmology clinics
- Ambulatory Surgery Centers (ASCs)
By Distribution Channel
- Direct tenders
- Third party distributors
- Retail sales
By Country
- US
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- 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
- Optos
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
The List of Companies - US and Europe Vitrectomy Devices Market
- D.O.R.C Dutch Opthalmic 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.
- GEUDER AG
- Topcon Corporation
- Optos