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Published Date: 2015-02-27Number of Pages: 96

Retinal Surgery Devices Market [Equipment Type: Vitrectomy Packs, Vitrectomy Machines, Retinal Laser Equipment, Microscopic Illumination Equipment, Surgical Instruments (Cannulas, Forceps, Cutters, Cryoprobes, etc.) & Others (Retinal Tamponades, Sclera Buckle, etc.); Applications: Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole & Others (Eye infections and Eye injuries)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Retinal surgery devices are undergoing rapid technological advancement to establish an effective treatment platform for various retinal diseases. For instance, minimally invasive surgical instruments for the treatment of retinal diseases offer advantages such as lesser pain, minor scarring, quick recovery and reduced health care costs. Applications of retinal surgery devices across various ophthalmic conditions such as diabetic retinopathy, retinal detachment, epiretinal membrane and macular hole are driving the growth of the global retinal surgery devices market. Furthermore, increasing geriatric population is fueling the growth of the market, as these individuals are reported to be at a higher risk of developing eye-related disorders. 

In terms of type of equipment, the retinal surgery devices market has been segmented into vitrectomy packs, vitrectomy machines, retinal laser equipment, microscopic illumination equipment, surgical instruments and others (retinal tamponades, sclera buckle, etc.) Vitrectomy packs accounted for the largest share of the retinal surgery devices market in terms of revenue in 2013. The segment is expected to grow at the highest CAGR during the forecast period from 2014 to 2020. Factors that contribute to the high growth of vitrectomy packs segment are increased timesaving during and after the retinal surgery procedure by cutting back on the preparation time and the growing demand for single-use sterile packs of surgical instruments in order to cut costs through better inventory management. 

Based on applications, the retinal surgery devices market has been segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole and other applications that include eye infections and eye injuries. The diabetic retinopathy application segment held the largest share of the retinal surgery devices market in 2013 due to high prevalence of diabetic retinopathy across the globe and growing patient preference to opt for retinal surgery as their first treatment option for long-term benefit. However, the retinal detachment application segment is anticipated to grow at the highest CAGR during the forecast period from 2014 to 2020. Factors attributed to the growth of the segment are increasing geriatric population and severe ophthalmic ailments affecting them such as formation of scar tissue on the retina and retinal tear. In addition, retinal surgery offers better results in the treatment of retinal detachment, which boosts the growth of the segment.

Geographically, North America was the largest market for retinal surgery devices in 2013. Factors driving the growth of the retinal surgery devices market in North America are increasing prevalence of eye diseases among the geriatric and diabetic population. According to recent data from the U.S. Centers for Disease Control and Prevention (CDC) in 2014, around 26 million people in the U.S. have diabetes, and over 28% of diabetics aged 40 years and above have diabetic retinopathy and related diabetic eye diseases. Furthermore, technological developments in the field of ophthalmic surgical devices and increasing awareness of the population about surgical treatments of various retinal diseases are boosting the growth of the retinal surgery devices market in North America. However, Asia Pacific is likely to record the highest CAGR during the forecast period. Large population base, greater initiatives taken by the governments to promote health care and robust economic growth are the factors attributed to the high growth in the region. Moreover, improving consumer awareness about eye care and better disease management would drive the growth of the retinal surgery devices market in Asia Pacific.

The global retinal surgery devices market is fragmented due to the presence of well established as well as emerging companies in this field. The top companies operating in the retinal surgery devices market are Bausch + Lomb Incorporated, Synergetics, Inc., IRIDEX Corporation, Alcon, Inc., Carl Zeiss Meditec AG, Leica Microsystems, NIDEK CO., LTD., Topcon Corporation, Lumenis, and Optos plc.

retinal-surgery-devices-market


Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Retinal Surgery Devices Market
2.2 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Geography, 2013 & 2020 (Value %)

Chapter 3 Global Retinal Surgery Devices Market Overview
3.1 Introduction
3.2 Market Drivers
      3.2.1 Constant Rise in Geriatric Population Coupled with Greater Life Expectancy
      3.2.2 Technological Advancement in the Field of Ophthalmic Surgery
3.3 Market Restraints
      3.3.1 High Price of Retinal Surgery Devices
3.4 Market Opportunities
      3.4.1 Emerging Economies to Offer Sustained Growth Opportunities
3.5 Porter’s Five Forces Analysis: Global Retinal Surgery Devices Market
      3.5.1 Bargaining Power of Suppliers
      3.5.2 Bargaining Power of Buyers
      3.5.3 Threat of Substitutes
      3.5.4 Threat of New Entrants
      3.5.5 Competitive Rivalry
3.6 Regulatory Framework
3.7 Value Chain Analysis: Global Retinal Surgery Devices Market
3.8 Market Attractiveness Analysis: Global Retinal Surgery Devices Market, by Geography
3.9 Competitive Landscape
      3.9.1 Heat Map Analysis: Global Retinal Surgery Devices Market, by Key Players

Chapter 4 Global Retinal Surgery Devices Market, by Equipment
4.1 Overview
      4.1.1 Global Retinal Surgery Devices Market Revenue, by Equipment, 2012 – 2020 (USD Million)
      4.1.2 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Equipment, 2013 & 2020 (Value %)
4.2 Vitrectomy Packs
      4.2.1 Global Vitrectomy Packs Market Revenue, 2012 – 2020 (USD Million)
4.3 Vitrectomy Machines
      4.3.1 Global Vitrectomy Machines Market Revenue, 2012 – 2020 (USD Million)
4.4 Retinal Laser Equipment
      4.4.1 Global Retinal Laser Equipment Market Revenue, 2012 – 2020 (USD Million)
4.5 Microscopic Illumination Equipment
      4.5.1 Global Microscopic Illumination Equipment Market Revenue, 2012 – 2020 (USD Million)
4.6 Surgical Instruments (Cannulas, Forceps, Cutters, Cryoprobes, etc.)
      4.6.1 Global Surgical Instruments Market Revenue, 2012 – 2020 (USD Million)
4.7 Others (Retinal Tamponades, Sclera Buckle, etc.)
      4.7.1 Global Other Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)

Chapter 5 Global Retinal Surgery Devices Market, by Application
5.1 Overview
      5.1.1 Global Retinal Surgery Devices Market Revenue, by Application, 2012 – 2020 (USD Million)
      5.1.2 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Application, 2013 & 2020 (Value %)
5.2 Diabetic Retinopathy
      5.2.1 Global Retinal Surgery Devices Market Revenue in Diabetic Retinopathy, 2012 – 2020 (USD Million)
5.3 Retinal Detachment
      5.3.1 Global Retinal Surgery Devices Market Revenue in Retinal Detachment, 2012 – 2020 (USD Million)
5.4 Epiretinal Membrane
      5.4.1 Global Retinal Surgery Devices Market Revenue in Epiretinal Membrane, 2012 – 2020 (USD Million)
5.5 Macular Hole
      5.5.1 Global Retinal Surgery Devices Market Revenue in Macular Hole, 2012 – 2020 (USD Million)
5.6 Others (Eye Infections and Eye Injuries)
      5.6.1 Global Retinal Surgery Devices Market Revenue in Other Applications, 2012 – 2020 (USD Million)

Chapter 6 Global Retinal Surgery Devices Market, by Geography
6.1 Overview
      6.1.1 Global Retinal Surgery Devices Market Revenue, by Geography, 2012 – 2020 (USD Million)
6.2 North America
      6.2.1 North America Retinal Surgery Devices Market Revenue, 2012 - 2020 (USD Million)
6.3 Europe
      6.3.1 Europe Retinal Surgery Devices Market Revenue, 2012 - 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Retinal Surgery Devices Market Revenue, 2012 - 2020 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 RoW Retinal Surgery Devices Market Revenue, 2012 - 2020 (USD Million)

Chapter 7 Recommendations
7.1 Invest in Rigorous Research and Development (R&D) Initiatives
7.2 Focus on Developing Economies
7.3 Focus on Inorganic Growth Through Mergers and Acquisitions

Chapter 8 Company Profiles
8.1 Alcon, Inc.
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Business Strategies
      8.1.5 Recent Developments
8.2 Bausch & Lomb Incorporated (Valeant Pharmaceuticals)
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Product Portfolio
      8.2.4 Business Strategies
      8.2.5 Recent Developments
8.3 Carl Zeiss Meditec AG
      8.3.1 Company Overview
      8.3.2 Financial Overview
      8.3.3 Product Portfolio
      8.3.4 Business Strategies
      8.3.5 Recent Developments
8.4 IRIDEX Corporation
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio
      8.4.4 Business Strategies
      8.4.5 Recent Developments
8.5 Leica Microsystems GmbH
      8.5.1 Company Overview
      8.5.2 Financial Overview
      8.5.3 Product Portfolio
      8.5.4 Business Strategies
      8.5.5 Recent Developments
8.6 Lumenis
      8.6.1 Company Overview
      8.6.2 Financial overview
      8.6.3 Product portfolio
      8.6.4 Business Strategies
      8.6.5 Recent Developments
8.7 Optos, plc
      8.7.1 Company Overview
      8.7.2 Financial overview
      8.7.3 Product portfolio
      8.7.4 Business Strategies
      8.7.5 Recent Developments
8.8 NIDEK CO., LTD.
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Product Portfolio
      8.8.4 Business Strategies
      8.8.5 Recent Developments
8.9 Synergetics USA, Inc.
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Product Portfolio
      8.9.4 Business Strategies
      8.9.5 Recent Developments
8.10 Topcon Medical Systems, Inc.
      8.10.1 Company Overview
      8.10.2 Financial Overview
      8.10.3 Product portfolio
      8.10.4 Business Strategies
      8.10.5 Recent Developments

List of Figures

FIG. 1 Retinal Surgery Devices: Market Segmentation
FIG. 2 Global Retinal Surgery Devices Market, by Equipment Type, 2013 (USD Million)
FIG. 3 Global Retinal Surgery Devices Market, by Application, 2013 (USD Million)
FIG. 4 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Geography, 2013 & 2020 (Value %)
FIG. 5 Porter’s Five Forces Analysis: Global Retinal Surgery Devices Market
FIG. 1 Value Chain Analysis: Global Retinal Surgery Devices Market
FIG. 2 Market Attractiveness Analysis: Global Retinal Surgery Devices Market, by Geography (2013)
FIG. 3 Heat Map Analysis: Global Retinal Surgery Devices Market, by Key Players
FIG. 4 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Equipment, 2013 & 2020 (Value %)
FIG. 5 Global Vitrectomy Packs Market Revenue, 2012 – 2020 (USD Million)
FIG. 6 Global Vitrectomy Machines Market Revenue, 2012 – 2020 (USD Million)
FIG. 7 Global Retinal Laser Equipment Market Revenue, 2012 – 2020 (USD Million)
FIG. 8 Global Microscopic Illumination Equipment Market Revenue, 2012 – 2020 (USD Million)
FIG. 9 Global Surgical Instruments Market Revenue, 2012 – 2020 (USD Million)
FIG. 10 Global Other Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)
FIG. 11 Comparative Analysis: Global Retinal Surgery Devices Market Revenue, by Application, 2013 & 2020 (Value %)
FIG. 12 Global Retinal Surgery Devices Market Revenue in Diabetic Retinopathy, 2012 – 2020 (USD Million)
FIG. 13 Global Retinal Surgery Devices Market Revenue in Retinal Detachment, 2012 – 2020 (USD Million)
FIG. 14 Global Retinal Surgery Devices Market Revenue in Epiretinal Membrane, 2012 – 2020 (USD Million)
FIG. 15 Global Retinal Surgery Devices Market Revenue in Macular Hole, 2012 – 2020 (USD Million)
FIG. 16 Global Retinal Surgery Devices Market Revenue in Other Applications, 2012 – 2020 (USD Million)
FIG. 17 North America Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)
FIG. 18 Europe Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)
FIG. 19 Asia Pacific Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)
FIG. 20 RoW Retinal Surgery Devices Market Revenue, 2012 – 2020 (USD Million)
FIG. 21 Alcon, Inc.: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 22 Carl Zeiss Meditec AG: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 23 IRIDEX Corporation: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 24 Danaher Corporation, Life Sciences Division: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 25 Lumenis: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 26 Optos plc: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 27 Synergetics USA, Inc.: Annual Revenue, 2011 - 2013 (USD Million)
FIG. 28 Topcon Eye Care Business: Annual Revenue, 2011 - 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Retinal Surgery Devices Market
TABLE 2 Global Retinal Surgery Devices Market Revenue, by Equipment, 2012 – 2020 (USD Million)
TABLE 3 Global Retinal Surgery Devices Market Revenue, by Application, 2012 – 2020 (USD Million)
TABLE 4 Global Retinal Surgery Devices Market Revenue, by Geography, 2012 – 2020 (USD Million)


Retinal surgery devices are a wide variety of devices used in surgical processes on the retina. The market for retinal surgery devices is growing at a rapid pace all over the world, thanks to the growth of the global geriatric population and significant technological advances in the devices. Due to the delicate nature of the retina, the latter is of particular importance to the overall demand for retinal surgery devices, since sophistication in devices helps lower the chances of mishaps during surgery.

The report on the global retinal surgery devices market is a comprehensive document detailing the segmentation of the market, the factors determining the growth trajectory of the market, and describing in detail the competitive landscape of the market. The report employs reliable analytical tools such as market attractiveness analysis and value chain analysis to explain the market’s feasibility for investment, and the Porter’s five forces analysis to describe the dynamics between various aspects of the market.

Overview of the global retinal surgery devices market

The market for retinal surgery devices is growing on account of growing demand for ocular surgeries from the rising geriatric demographic. Owing to improving healthcare facilities and standards of living, the geriatric demographic is on the rise, particularly in developed countries. However, natural degeneration of the eye due to aging makes this demographic more prone to retinal disorders, leading to demand for retinal surgeries.

The aging populace is also more prone to chronic diseases such as diabetes, which leads to diabetic retinopathy in an overwhelming majority of diabetic patients. Surgeries to counteract the various effects of diabetic retinopathy are leading to an increased demand for retinal surgery devices. The application segment of retinal detachment is also rising in incidence around the world. The geriatric population is also a factor in the growth of this segment, since complications in cataract surgeries, which the geriatric demographic is more likely to need, can lead to retinal detachment.  The demand for retinal surgery devices in retinal detachment surgeries is expected to grow at the highest CAGR of all applications of retinal surgery devices during the forecast period.

Vitrectomy packs led demand for retinal surgery devices, accounting for the largest share of the market by product type in 2013. The reduced duration of retinal surgeries and recuperation thereafter are the main causes driving demand for vitrectomy packs.

North America led the geographical segmentation of the global market for retinal surgery devices, thanks largely to the highly developed healthcare infrastructure in countries such as the U.S. and Canada. Technological innovation in retinal surgery devices is also at the cutting edge in North America, which has helped increase the reliability of the devices. However, Asia Pacific stands to grow at the fastest CAGR during the forecast period.

Companies profiled in the research report

The report profiles the major players operating in the market, on the parameters of their financial profile, business operations, product catalog, and recent developments in the industry.

These include giants in the fields of optics and medical companies such as Carl Zeiss Meditec AG, Lumenis, Optos plc, Bausch and Lomb Inc., Alcon, Inc., and Leica Microsystems GmbH.

Segmentation of the global retinal surgery devices market by product type
  • Vitrectomy Packs
  • Vitrectomy Machines
  • Retinal Laser Equipment
  • Microscopic Illumination Equipment
  • Surgical Instruments
  • Others
Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments