Global Vitreoretinal Surgery Devices Market

Vitreoretinal Surgery Devices Market Size, Share, Growth Analysis, By Product(Solar Photocoagulation Lasers, Illumination Devices, Vitreoretinal Packs, Vitrectomy Machines), By End user(Hospitals, Specialty Clinics, Ambulatory Surgery Centers, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2429 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 66

Vitreoretinal Surgery Devices Market News

  • In March 2022, Carl Zeiss Meditec received 510(k) premarket approval from the United States Food and Drug Administration (FDA) for their QUATERA 700 device, which is indicated for the emulsification and removal of cataracts and anterior segment vitrectomy.
  • In May 2022, Alcon announced the launch of their Constellation Vision System, which is a new generation of vitreoretinal surgery platform that offers a variety of technological advances, such as improved visualization and more precise instrumentation.
  • In June 2022, Ellex Medical Lasers announced the launch of their EYESYS 23G Vitrectomy System, which is a new minimally invasive vitreoretinal surgery system that is designed to provide surgeons with a more precise and efficient way to perform vitreoretinal surgery procedures.
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Vitreoretinal Surgery Devices Market size was valued at USD 2.19 billion in 2022 and is poised to grow from USD 2.31 billion in 2023 to USD 3.65 billion by 2031, growing at a CAGR of 5.84% in the forecast period (2024-2031).

The global vitreoretinal surgery devices market features a competitive landscape marked by technological innovations, R&D investments, and strategic collaborations. Companies are focusing on developing advanced surgical tools, visualization systems, and equipment to enhance surgical precision and patient outcomes. Additionally, market players are keen on expanding their product portfolios and reaching untapped markets through strategic partnerships and distribution agreements. The evolving landscape reflects a strong emphasis on delivering cutting-edge solutions to meet the increasing demand for effective vitreoretinal surgical procedures, driven by rising cases of retinal disorders and eye-related conditions. 'Alcon Inc. (Switzerland)', 'Bausch & Lomb Incorporated (Canada)', 'BVI (US)', 'NIDEK CO., LTD. (Japan)', 'Johnson & Johnson Vision Care, Inc. (US)', 'Blink Medical (UK)', 'Topcon Corporation (Japan)', 'Carl Zeiss Meditec AG (Germany)', 'Hoya Surgical Optics (Singapore)', 'HAAG-STREIT GROUP (Switzerland)', 'MedOne Surgical, Inc (US)'

The global increase in the aging population is contributing to the rising incidence of age-related eye conditions such as macular degeneration and diabetic retinopathy, necessitating vitreoretinal surgeries. This demographic trend is fueling demand for vitreoretinal surgery devices as these procedures become more essential for maintaining visual health among elderly individuals.

The market is experiencing a surge in technological advancements and innovative developments in vitreoretinal surgery devices. Cutting-edge technologies such as robotic-assisted surgery, advanced visualization systems, and minimally invasive surgical techniques are enhancing precision, efficiency, and patient outcomes. These innovations are attracting both surgeons and patients, driving the adoption of state-of-the-art devices that offer improved safety and efficacy.

The global vitreoretinal surgery devices market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America stands out as a dominant region. The advanced healthcare infrastructure, high adoption of cutting-edge medical technologies, and a rising geriatric population contribute to this dominance. The region's well-established healthcare facilities and skilled medical professionals drive the demand for vitreoretinal surgery devices. Additionally, the presence of key market players and ongoing research activities further solidify North America's position as a dominant segment in the market.

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Global Vitreoretinal Surgery Devices Market

Report ID: SQMIG35A2429

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