Retinal Detachment Treatment Market

Retinal Detachment Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Retinal Detachment: Introduction

Retinal detachment refers to an emergency disorder in which a thin layer of tissue (the retina) at the back of the eye pulls away from its normal position.
Retinal detachment separates the retinal cells from the layer of blood vessels that provides oxygen and nourishment. The longer retinal detachment goes untreated, the greater the risk of permanent vision loss in the affected eye.

Key Drivers and Restraints of Global Retinal Detachment Treatment Market

According to World Health Organization (WHO) estimates, globally 180 million people are visually disabled and an estimated 40 and 45 million people are blind.
As per WHO estimates, around 80% of global blindness is preventable i.e. either the condition can be addressed if the requisite knowledge and medical interventions are provided at the right time or results from the certain conditions that can be prevented
Concerted awareness efforts are been made by the international community including organizations such as WHO and its member states, nongovernmental organizations (NGOs), the private sector, and other UN agencies
The global eye health action plan 2014–2019 purposes to decrease avoidable visual impairment as a global public health problem and to secure access to rehabilitation services for the visually impaired. This in turn is likely to propel the global retinal detachment treatment market during the forecast period
As per the action plan, the multilateral organizations along with their member states have set a target of reducing the number of patient cases of avoidable visual impairment by 25% in 2019 from the baseline established by WHO in 2010.
Demand for efficient diagnostic devices is also increasing owing to rapid technological advances. Novel technological platforms are no doubt highly efficient; however, they are available at high prices initially.
The cost of ophthalmic laser treatment is considerably high owing to the high cost of the laser devices, which makes them unaffordable for low- and middle-income groups. In addition, installation and service costs are high. The average price of ophthalmic lasers is likely to be valued in the range of US$ 20,000 to US$ 75,000, while treatments are priced at over US$ 2,077 per eye for LASIK refractive correction surgery. This might have a negative impact on the market during the forecast period.

Supportive Therapy to Lead the Global Market

The global retinal detachment treatment market can be segmented based on treatment type, end-user, and region
In terms of treatment type, the global retinal detachment treatment market can be divided into pneumatic retinopexy, scleral buckle surgery, vitrectomy, laser surgery (photocoagulation), and supportive therapy. Pneumatic retinopexy is projected to be the fastest growing segment of the global retinal detachment treatment market.
Based on end-user, the global retinal detachment treatment market can be classified into hospitals, specialty clinics, and ambulatory surgery centers

North America to Dominate the Market

The global retinal detachment treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America accounts for dominant share of the retinal detachment treatment market owing to a high patient pool for eye disorders as well as large number of patients undergoing eye surgeries in comparison to other regions
Additionally, government support in the form of funding for research & development in the field of ophthalmology treatment is anticipated to help the region maintain its dominance during the forecast period