Vitrectomy Devices Market Size & Share | Research Report 2028

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

  • Report Code : TIPRE00025911
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 230
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[Research Report] The vitrectomy devices 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.

Vitrectomy is a surgical procedure employed to treat various problems with the retina and vitreous and to remove the vitreous gel from the eye. The procedure is performed during retinal detachment with vitreous hemorrhage. As a result, vitrectomy smoothens the procedure and prevents any detachment of the retina. In addition, it is helpful for various repairs, such as the removal of scar tissue. The procedure also helps restore the vision loss caused due to vitreous humor bleeding. Factors such as significant increase in elderly population, and significant advancements in vitreoretinal surgery devices are boosting the market growth. However, complications associated with vitrectomy hamper the market growth.

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Vitrectomy Devices Market: Strategic Insights

vitrectomy-devices-market
Market Size Value inUS$ 1,290.19 million in 2021
Market Size Value byUS$ 2,003.24 million by 2028
Growth rateCAGR of 6.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Lucrative Regions for Vitrectomy Devices Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Significant Increase in Elderly Population Boosts Vitrectomy Devices Market Growth

Various economies across the world, such as the US, the UK, Canada, Japan, China, India, and South Korea, 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. Furthermore, the US Census Bureau states in a report that the number of people in the US with age 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060. Their population share would grow from ~15% to ~24% during this period. Another report, published by the United Nation’s World Population Ageing, states that Europe had the world’s highest percentage (i.e., 25%) of people aged more than 60 years in 2017. Further, by 2050, all regions of the world, except Africa, would have ~25% or more of their populations aged 60 and above. Moreover, underdeveloped and developing countries would account for ~80% of this growth.

Product-Based Insights

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.

Vitrectomy Devices Market, by Product – 2021 and 2028

medical-device
Vitrectomy Devices Market, by Product – 2021 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Application-Based Insights

Based on application, the 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, whereas the retinal detachment segment is expected to register the highest CAGR during the forecast period.

Patient Type-Based Insights

Based on patient type, the vitrectomy devices market is segmented into adult, pediatrics, and geriatric. The geriatric segment held the largest share of the market in 2021.

Surgery Approach-Based Insights

Based on surgery approach, the 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.

End-User-Based Insights

Based on end-user, the 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, whereas the ophthalmology clinics segment is expected to register the highest CAGR during the forecast period.

Distribution Channel-Based Insights

Based on distribution channel, the 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.

Various companies operating in the vitrectomy devices market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.

Vitrectomy Devices Market – by Product

  • Vitrectomy Machines
  • Vitrectomy Accessories
  • Microscopic Illumination Equipment
  • Surgical Instruments
  • Others

Vitrectomy Devices Market – by Application

  • Diabetic Retinopathy
  • Retinal Detachment
  • Epiretinal Membrane
  • Macular Hole
  • Others

Vitrectomy Devices Market – by Patient Type

  • Geriatric
  • Adult
  • Pediatrics

Vitrectomy Devices Market – by Surgery Approach

  • Posterier/Pars Plana Vitrectomy
  • Anterior Vitrectomy

Vitrectomy Devices Market – by End-Users

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgery Centers (ASCs)

Vitrectomy Devices Market – by Distribution Channel

  • Retail Sales
  • Direct Tenders
  • Third Party Distributors

Vitrectomy Devices Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Application, Patient Type, End User, Distribution Channel, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the regional market scenario of vitrectomy devices?

Global vitrectomy devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for anatomic pathology. The US is estimated to hold the largest share in the vitrectomy devices market during the forecast period. The growth of the market can be because of rising base of elderly population, and increase in healthcare expenditure in the country. In addition, presence of major market players coupled with large number of funding programs by the public agencies in the region stimulate the growth of vitrectomy devices market in North America. On the other hand, enormous number of ongoing developments and innovations in healthcare, and rising spending capabilities in the Asia Pacific is expected to account for the fastest growth of the region during the coming years.

Who are the key players in the vitrectomy devices market?

The vitrectomy devices market majorly consists of the players such as 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, among others.

Which distribution channel held the largest share in the vitrectomy devices market?

The retail sales segment dominated the global vitrectomy devices market and accounted for the largest revenue share of 44.0% in 2021.

Which End-User held the largest share in the vitrectomy devices market?

The hospitals segment dominated the global vitrectomy devices market and accounted for the largest revenue share of 44.0% in 2021.

Which surgery approach held the largest share in the vitrectomy devices market?

The Posterier/Pars Plana Vitrectomy segment dominated the global vitrectomy devices market and accounted for the largest revenue share of 58.5% in 2021.

Which application held the largest share in the vitrectomy devices market?

The diabetic retinopathy dominated the global vitrectomy devices market and held the largest revenue share of 43.6% in 2021.

Which patient-type held the largest share in the vitrectomy devices market?

The geriatrics segment dominated the global vitrectomy devices market and accounted for the largest revenue share of 44.2% in 2021.

What are vitrectomy?

Vitrectomy is a surgical procedure undertaken by a specialist where the vitreous humor gel that fills the eye cavity is detached to provide better access to the retina. This allows for a variety of repairs, including the removal of scar tissue, laser repair of retinal detachments and treatment of macular holes. Once surgery is done, saline, a gas bubble or silicone oil may be inoculated into the vitreous gel to help hold the retina in position.

What are the driving factors for the vitrectomy devices market across the globe?

Key factors that are driving the growth of this market are significant increase in elderly population, significant advancements related to vitreoretinal surgery devices.

Which product led the vitrectomy devices market?

The vitrectomy machines segment dominated the global vitrectomy devices market and held the largest revenue share of 30.0% in 2021.

The List of Companies - Vitrectomy Market

  1. D.O.R.C Dutch Opthalmic Research Center (International)B.V
  2. HOYA Corporation          
  3. NIDEK CO., LTD
  4. Danaher
  5. Carl Zeiss Meditec          
  6. Alcon Inc.           
  7. IRIDEX Corporation        
  8. Bausch Health Companies Inc.  
  9. GEUDER AG       
  10. Topcon Corporation       
  11. Optos

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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