Retinal Surgery Devices Market By Type (Vitrectomy Machines, Vitrectomy Packs, Microscopic Illumination Equipment, Retinal Laser Equipment, Retinal Tamponades and Sclera Buckles, Surgical Instruments), By Application (Diabetic Retinopathy, Epiretinal Membrane, Retinal Detachment, Macular Hole, Eye Injuries, Eye Infections), By Usage Area (Hospitals, Ophthalmology Clinics, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Growing technological progress and increasing numbers of applications of surgical instruments are some of the major factors driving the growth of this market. Growing instances of ophthalmic and retinal disorders in geriatric population, eye injuries and increasing prevalence of diabetes are also accelerating the growth of the global retinal surgery devices market. Conversely, high costs of surgery equipment are restraining the adoption of advanced surgical devices into the common practice. However, as the footprint of new surgical establishments is increasing in the emerging economies, uptake of new devices shall be instrumental in sustaining the global market growth. Another prominent factor supporting this market is the collection of major advantages such as minimally invasive procedures, lesser pain, reduced scarring and quick recovery period with lower procedure and management costs.

Market Synopsis

Retinal Surgery Devices Market

Vitrectomy packs to hold the prominent market share

In terms of device types, this market is categorized into vitrectomy machines, vitrectomy packs, microscopic illumination equipment, retinal laser equipment, retinal tamponades and sclera buckles, and surgical instruments. Of these device types, vitrectomy packs hold the largest revenue in the global market and is anticipated to retain its dominance through the forecast period. Imperative nature of these products during retinal surgeries, easy accessibility and usage prowess across several procedures are the prime aspects of this segment. Other characteristic benefits acquired from using vitrectomy packs are reduced procedure time while maintaining sterile conditions with the use of single-use instruments included in the packs.  

Retinal Surgery Devices Market

High demand anticipated for devices for treating retinal detachment

Currently, retinal surgery devices are mainly consumed in the treatment of diabetic retinopathy. High prevalence of diabetes worldwide and growing incidence of related complications such as diabetic retinopathy are driving more and more patients to seek for surgical treatments for diabetic retinopathy. This segment shall be witnessing upswing in terms of market penetration in emerging markets of China and India, as the patient pool of diabetic retinopathy is consistently growing in this region. On the other hand. Retinal detachment is expected to be the fastest growing segment during the forecast period. Prominent factors supporting the growth of retinal detachment surgical devices market are growing senescent population, and emergence of severe conditions leading to formation of scar tissue, retinal tear and so on. Moreover, growing clinical evidence establishing the benefits of surgeries for treatment of retinal detachment are also supporting the growth of this market.

Retinal Surgery Devices Market

Hospitals spearhead the overall market for retinal surgery devices

Hospitals are the largest revenue generating segment in the global retinal surgery devices market. Greater patient footfall is among the most important factors attributed to the commanding hold of this segment. This leads hospitals to have greater affordability to advanced surgical solutions, better operational efficiencies, and improved treatment outcomes to the patients and so on. Furthermore, as the variety of patients coming to hospitals also makes it vital for the hospitals use retinal surgery devices. Decentralization of hospital operations and increasing initiatives by governments has led to growing footprint of ophthalmology clinics worldwide. This is observed not just to contain the procedure costs, while also allot convenience to patients located remotely.

Retinal Surgery Devices Market

Larger incidence of ophthalmic conditions to support dominance of North America market

In the base year 2017, North America is observed to be the largest regional market of retinal surgery devices. Growing prevalence of ophthalmologic diseases in geriatric population and high prevalence of diabetic retinopathy.  In the US alone about one in three diabetic patients have diabetic retinopathy. Technological evolution in the field of minimally invasive and microscopic surgeries and corresponding growth in awareness are leading more and more patients to opt for surgical measures to treat retinal diseases. Additionally, Asia Pacific is expected to record the highest market growth during the forecast period. Large population, consistently increasing prevalence of diabetes, improving healthcare infrastructure and healthcare expenditure are the key drivers of Asia Pacific market.

Retinal Surgery Devices Market

Retinal Surgery Devices Market

Historical & Forecast Period

2016 – Historical Year

2017 – Base Year

2018-2026 – Forecast Period

This research report presents the analysis of each considered segment for the period from 2016 to 2026, having 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Retinal Surgery Devices Market

Report Scope by Segments

The retinal surgery devices market report provides quantitative assessment of the industry terms of current and forecasted market size, while also presenting the market dynamics. This market is segmented based on types, applications, usage area and geography.

By Type (2016–2026; US$ Mn)

  • Vitrectomy Machines
  • Vitrectomy Packs
  • Microscopic Illumination Equipment
  • Retinal Laser Equipment
  • Retinal Tamponades and Sclera Buckles
  • Surgical Instruments

By Application (2016–2026; US$ Mn)

  • Diabetic Retinopathy
  • Epiretinal Membrane
  • Retinal Detachment
  • Macular Hole
  • Eye Injuries
  • Eye Infections

By Usage Area (2016–2026; US$ Mn)

  • Hospitals
  • Ophthalmology Clinics
  • Others

Geography Segment (2016–2026; US$ Mn)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of Middle East and Africa

This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Alcon (Novartis AG), Bausch & Lomb Incorporated, Carl Zeiss AG, Ellex Medical Lasers, Escalon Medical Corp., ERBE Elektromedizin GmbH, IRIDEX Corporation, Topcon Corporation, Second Sight Medical Products, Inc. and Leica Microsystems GmbH.

Key questions answered in this report

  • What is the current and projected market size of the global retinal surgery devices market during the period 2016 to 2026?
  • What is the market position of the vitrectomy packs segment in the global industry?
  • Which segments in terms of applications hold prominence in the global retinal surgery devices market?
  • What are the key opportunity zones considered in key regional market of Asia Pacific?
  • What are the key market entry strategies employed by the emerging players?
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Published Date:  Feb 2019
Category:  Medical Devices
Report ID:   58666
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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