Vitrectomy Systems Market: Introduction

  • Retina is a layer of nerve tissue lining the back of the eye. It receives light and converts it into neural signals and sends these signals to the brain for visual recognition.
  • There are several types of retinal diseases affecting the retina, including retinal detachment, macular pucker or hole, diabetic retinopathy, and vitreous hemorrhage
  • Vitrectomy is a surgical procedure, which removes the vitreous gel that fills the eye cavity, using a small microsurgical equipment. The surgeon may then use a laser to seal the retinal tears or holes. The eye is then filled with a gas bubble to hold the retina in place while it heals.
  • There are two different types of victrectomies: posterior pars plana vitrectomy and anterior vitrectomy. These surgeries are performed for the removal of scar tissue, laser repair of retinal detachments, and treatment of macular holes.

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Key Drivers of Global Vitrectomy Systems Market

  • Rise in prevalence of retinal disorders globally and rapidly increasing geriatric population are likely to drive the global vitrectomy systems market
  • Rise in prevalence of retinal disorders, such as diabetic retinopathy, age-related macular degeneration, and retinal detachment are projected to boost the growth of the global vitrectomy systems market during the forecast period
  • According to the American Academy of Ophthalmology (AAO), currently, around 93 million people are affected by diabetic retinopathy across the globe
  • Increase in the prevalence of diabetes mellitus, a major risk for diabetic retinopathy, is anticipated to propel the global market
  • Currently, 387 million people in the world have diabetes mellitus and the number is expected to reach 592 million by 2035. One in three individuals with diabetes mellitus is at high risk of developing diabetic retinopathy.
  • Baby boomer population is vulnerable to retinal disorders, such as retinal detachment, vitreous hemorrhage, age-related macular degeneration, and diabetic retinopathy. This is anticipated to augment the global vitrectomy systems market during the forecast period.

North America to Hold Major Share of Global Vitrectomy Systems Market

  • Rise in prevalence of diabetic retinopathy is projected to drive the demand for vitrectomy systems in the U.S. According to the American Association of Ophthalmology (AAO), vitreous hemorrhage has an incidence rate of 7 cases per 100,000, which makes it one of the most common causes of acutely decreased vision.
  • Favorable reimbursement scenario for ophthalmic procedures, such as vitrectomy, is expected to boost the vitrectomy systems market in the near future
  • Launch of innovative devices for the treatment of retinal disorders by leading players is expected to propel the vitrectomy systems market in the U.S. For instance, in July 2019, Alcon, a leading player in eye care, launched the HYPERVIT dual blade vitrectomy probe, the latest evolution of the ULTRAVIT probes and newest addition to the pioneering CONSTELLATION Vision System at the American Society of Retina Specialists (ASRS), 2019. The product is indicated for vitreous cutting and aspiration, membrane cutting and aspiration, and dissection of tissue and lens removal and will enhance stability and control during micro incision vitrectomy surgery (MIVS). The strategy will enable the firm to focus on customer needs, and update and advance the existing product portfolio of the company.
  • The vitrectomy systems market in the Europe is anticipated to grow at a substantial rate, owing to the increase in the burden of retinal disorders, such as diabetic retinopathy and vitreous hemorrhage among adult patients. Proliferative diabetic retinopathy is the most frequent cause of vitreous hemorrhage in adults. For instance, 6% of the adults in London and 19.1% in Sweden have vitreous hemorrhage.
  • Asia Pacific vitrectomy systems market is anticipated to grow at a rapid pace due to the increase in prevalence of diabetes and related retinopathy in geriatric population in emerging countries such as India and China
  • According to the International Diabetic Federation (IDF), diabetic population in India is anticipated to cross the alarming mark of 69.9 million by 2025 and 80 million by 2030. Moreover, diabetic retinopathy is a major complication, affecting nearly 18% of the diabetic population in India. All these factors are anticipated to fuel the demand for vitrectomy systems during the forecast period.

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Key Players Operating in Global Market

Major players operating in the global vitrectomy systems market are:

  • Carl Zeiss Meditec AG
  • Alcon Inc.
  • Bausch & Lomb, Inc.
  • Johnson & Johnson Vision
  • D.O.R.C. International B.V.
  • Oertli Instruments AG
  • Acucela, Inc.
  • Graybug Vision, Inc.

Global Vitrectomy Systems Market: Research Scope

Global Vitrectomy Systems Market, by Product

  • Probes
  • Lasers
  • Phacoemulsifier Systems
  • Others

Global Vitrectomy Systems Market, by Application

  • Diabetic Retinopathy
  • Retinal Detachment
  • Macular Holes
  • Vitreous Hemorrhage
  • Macular Puckers
  • Vitreous Floaters
  • Others

Global Vitrectomy Systems Market, by End-user

  • Hospitals
  • Specialty Eye Clinics
  • Ambulatory Surgery Centers
  • Others

Global Vitrectomy Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
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  • Supply and demand
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  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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