Product Code: GVR-1-68038-792-6
Retinal Surgery Devices Market Growth & Trends:
The global retinal surgery devices market size is expected to reach USD 4.22 billion in 2030 and is projected to grow at a CAGR of 5.5% from 2024 to 2030. The unprecedented growth is presumed to be a consequence of the growing prevalence of retinal eye disorders such as retinal detachment, macular degeneration, amblyopia, and others. Rising patient preference for minimally invasive surgeries is believed to be one of the major growth of contributory factors. The increasing demand is predicted to be a result of associated benefits such as improved cost-efficiency, safety, rapid recovery, efficacy, and reduced hospital stay. Other advantages include fewer incision wounds and reduced postsurgical complications that lead to higher patient satisfaction.
The market is also driven by technological upgradations that are responsible for the heightened inclination of physicians, thereby, widening the scope for greater adoption of retinal surgery devices in the future. The technologically advanced devices are equipped with fundus imaging units, micro-incision technology, endoillumination systems. These advancements are primarily witnessed in surgical instrumentation to facilitate easy & safe operative procedures. For instance, the launch of VersaVIT 2.0 vitrectomy machine is equipped with an LED illumination system, 3 vitrectomy packs, and adjustable chandelier fiber. Similarly, 23-Gauge fragmentation needle eliminates the need to enlarge sclerotomy and achieve enhanced visualization, intraoperative efficiency, and control.
Retinal Surgery Devices Market Report Highlights:
- Retinal laser equipment is predicted to observe exponential growth owing to consistency in the usage of a wide range of retinal operative procedures, high cost-efficiency, availability, and easy operability of the products
- Diabetic retinopathy emerged as the largest application segment in 2016 as a consequence of high prevalence, raising the clinical urgency to adopt retinal surgery devices, thereby, fueling their penetration scope over the coming years
- Hospitals held the largest share in the end-use segment due to high patient volume, consistent readmissions, and easy availability of high-end equipment
- North America accounted for the largest share, which can be attributed to the extensive R&D activities that are likely to provide a platform for growth through consistent new product approvals
- The market in Asia Pacific is projected to witness substantial growth over the next decade, due to growing awareness pertaining to availability and benefits of these devices, further triggering significant penetration
- Some of the key players of the market include Bausch & Lomb Incorporated, IRIDEX Corporation Synergetics, Inc., accounting for the dominant share of retinal surgery devices market in 2016
- The competition is marked by companies indulging in a number of mergers & acquisitions, distribution agreements, and product approvals leading to significant growth
- For instance, in February 2017, IRIDEX Corporation received FDA approval for its CYCLO G6 which has combined trans-illumination and laser fiber thereby expanding their product portfolio
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Retinal Surgery Devices Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Retinal Surgery Devices Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Retinal Surgery Devices Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Retinal Surgery Devices Market: Product Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Vitrectomy Machines
- 4.3.1. Vitrectomy Machines Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Vitrectomy Packs
- 4.4.1. Vitrectomy Packs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Surgical Instruments
- 4.5.1. Surgical Instruments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Microscopic Illumination Equipment
- 4.6.1. Microscopic Illumination Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Retinal Laser Equipment
- 4.7.1. Retinal Laser Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Retinal Surgery Devices Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Retinal Surgery Devices Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Diabetic Retinopathy
- 5.3.1. Diabetic Retinopathy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Retinal Detachment
- 5.4.1. Retinal Detachment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Epiretinal Membrane
- 5.5.1. Epiretinal Membrane Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Macular Hole
- 5.6.1. Macular Hole Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Retinal Surgery Devices Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Retinal Surgery Devices Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Hospitals
- 6.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Eye Clinics
- 6.4.1. Eye Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Retinal Surgery Devices Market: Regional Estimates & Trend Analysis
- 7.1. Retinal Surgery Devices Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK.
- 7.3.2.1. UK Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Spain Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Denmark Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Sweden Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Norway Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Japan Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. China Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Thailand Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. UAE Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Kuwait Retinal Surgery Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Alcon Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Carl Zeiss Meditec AG
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Bausch + Lomb
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. TOPCON CORPORATION
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. IRIDEX Corporation
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Escalon Medical Corp
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Lumenis Be Ltd.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. NIDEK CO., LTD.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives