Market Overview –
For 2019 and 2020, analysts predict a robust CAGR for the global retinal surgery devices market. The care and treatment of retinal illnesses such diabetic retinopathy, macular hole, and macula pucker requires a wide variety of applications, and here is where retinal surgery equipment comes in. The primary cause of adult blindness in the United States is diabetic retinopathy, the most frequent diabetic eye disease. Retinal blood vessel alterations are the root cause of this condition.
Retinal surgical instruments are essential for the management of diabetic retinopathy. The many retinal illnesses now have effective treatment platforms thanks to technological developments in this area. The development of less intrusive surgical tools is one example. Minimally invasive surgery has many benefits, including less discomfort during and after the procedure, a shorter recovery time, and fewer visible scars. The market is predicter to rise as the global population ages since those over 65 have a higher prevalence of eye diseases.
Equipment, applications, and geography are the three primary ways in which the global retinal surgery market is broken down. The market for retinal surgery devices can be broken down into six different submarkets base on the different types of equipment use: vitrectomy machines, vitrectomy packs, retinal laser equipment, microscopic illumination equipment, surgical instruments, and others. Market opportunities for retinal surgery include treatment for conditions such diabetic retinopathy, retinal detachment, epiretinal membrane, and macular hole.
Impact of COVID -19 –
The COVID-19 pandemic is a major test for the entire world. About 596,2 million people around the world have contracts the disease. According to recent data compile by Worldometers, the global death toll has reaches 6,456,879 people (as of August 16, 2022). This figure continues to rise, and it is challenging to estimate how long the pandemic will last. Social limitations and other precautionary measures establishes in reaction to the COVID-19 epidemic have stifle the expansion of the retinal surgery devices business, particularly in Europe, Asia, and the United States.
The declining revenue pattern of these companies began to level off and stabilize before the third quarter of 2020 as governments began loosening social constraints. The market for retinal surgery equipment is expects to grow as a result of the growing number of people seeking treatment from ophthalmologists.
Market Scope and Market Size –
The market for devices use in retinal surgery can be broken down into the following categories: device type, device application, and end user. The expansion of these submarkets will aid in the analysis of slow-growing industry subsectors, and will give end-users a better grasp of the market as a whole and better insight into specific market opportunities.
The market for retinal surgery devices is broken down by product type into vitrectomy machines, vitrectomy packs, retinal laser equipment, microscopic illumination devices, surgical instruments, and others. Photocoagulation devices, photo disruption devices, and SLT are the subsets of retinal laser equipment.
Diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others are the differentiating factors in the retinal surgery devices industry.
The global market for retinal surgery devices is segments by end user into hospitals, eye clinics, and others.
Recent Developments –
The new Hydrus Microstent, use in minimally invasive glaucoma surgery (MIGS), was develop and manufacture by Ivantis, which Alcon acquire in January 2022.
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Surgical tool makers Kogent Surgical, LLC and Katalyst Surgical, LLC were acquire by Carl Zeiss Meditec in April 2022, solidifying the company’s position as a solution supplier.
Bausch + Lomb announce in April 2021 that their ClearVisc dispersive ophthalmic viscosurgical device (OVD) had been authorize by the FDA for use in ocular surgery.
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Competitive Landscape –
Information is broken down by company in a competitive landscape study of retinal surgery devices. The report includes a firm overview, financials, revenue generate, market potential, R&D investment, new market initiatives, global presence, production sites and facilities, production capacity, strengths and weaknesses, product introduction, product breadth and application domination. Please note that the information shown above is limit to those companies whose primary focus is on the market for retinal surgery products.
Key Players –
Alcon
Bausch & Lomb
Iridex
Synergetics USA
ASICO
Beaver-Visitec International
Biotech Visioncare
Carl Zeiss Meditec
Ellex Medical Lasers
Erbe Elektromedizin
Escalon Medical
Geuder
Insight Instruments
Lumenis
Nano Retina
Oertli Instrumente
Peregrine Surgical
Quantel Medical
Retina Implant
Rhein Medical
By Type –
Vitrectomy Machines
Retinal Laser Equipment
Surgical Instruments
Cannulas
Forceps
Cutters
Cryoprobes
Others
By Applications –
Hospitals
Ophthalmology Clinics
Others
By Regions –
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Rest of The World
