Global Vitrectomy Devices Market to reach USD 1.7 billion by 2027.Global Vitrectomy Devices Market is valued approximately USD 1.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.20 % % over the forecast period 2021-2027. Vitrectomy is a surgical procedure used in the treatment of different retinal diseases such as macular hole, diabetic retinopathy, and macula pucker, to remove vitreous gel from the eye. It is preferred when there is a retinal detachment with vitreous hemorrhage. It is also used for various treatments such as removal of scar tissue and repair for small holes or tear in the macula. Increasing geriatric population is propelling the market. . For instance, according to World Population Ageing, the world population aged above sixty years, or more was 962 million in 2017, which was more than twice as large as it was in 1980 when there were only 382 million older persons globally. The number of geriatric persons is estimated to double again by 2050, and it is estimated to grow and reach nearly 2.1 billion.. Technological innovation and advancements in surgical equipment used in medical field will enhances the market growth. However, shortage of efficient healthcare treatments and slow perforation of healthcare technology impedes the growth of the market over the forecast period of 2021-2027. Also, increasing use of minimally invasive operational equipment and growing awareness regarding cost-effective surgical treatment among populace is likely to increase the market growth during the forecast period.
The regional analysis of global Vitrectomy Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to expanding cases of diabetic retinopathy and presence of a large patient pool suffering from retinal problems. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing healthcare expenditure in invasive surgical equipment would create lucrative growth prospects for the Vitrectomy Devices Market across Asia-Pacific region.
Major market player included in this report are:
NIDEK CO., LTD.
LEICA MICROSYSTEMS GMBH
CARL ZEISS MEDITEC AG
BAUSCH & LOMB INC.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Microscopic Illumination Equipment
Others (Eye Infections and Eye Injuries)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Vitrectomy Devices Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers