by The global vitrectomy devices market size is expected to be worth around US$ 5.7 billion by 2030, according to a new report by Vision Research Reports.
The global vitrectomy devices market size was valued at US$ 2,036.9 million in 2020 and is anticipated to grow at a CAGR of 7.2% during forecast period 2021 to 2030.
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Table of Contents
Vitrectomy Devices Market Growth Factors
The growing prevalence of diabetes is expected to drive the probability of diabetic retinopathy, thus, contributing to market growth. Additionally, the growing demand for vitrectomy due to its associated advantages for providing support to other ophthalmic surgeries is also expected to boost the market growth.
Ophthalmic diseases are seen prevalent in the elderly population. The growing geriatric population is expected to drive the market and the need for vitrectomy devices. As per the National Institute on Aging (NIA), the elderly population is expected to reach 72.0 million people by 2030, which may drive the prevalence of ophthalmic disorders. In addition to this, an increasing number of hospital admissions for retinal surgeries such as vitrectomy is expected to drive market growth. Moreover, hospitals have also installed vitrectomy devices to enhance vitreoretinal surgery procedures.
Vitrectomy Devices Market Report Coverage
| Report Scope | Details |
| Market Size | US$ 5.7 Bn by 2030 |
| Growth Rate | CAGR of 7.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, application, end use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Alcon Inc.; Bausch & Lomb Incorporated; BVI; NIDEK CO., LTD.; Johnson & Johnson Vision Care, Inc.; Blink Medical; Topcon Corporation; Hoya Surgical Optics; Carl Zeiss Meditec AG |
By Product Analysis
The vitrectomy machines segment dominated the market and held the largest revenue share of 37.8% in 2020. The growth of the segment can be attributed to the development of new generation machines with advanced features such as improvised fluidics, high cut rates, small gauge size, and intraocular pressure control.
The vitrectomy packs segment is expected to grow at the fastest rate during the forecast period. This can be attributed to the increased adoption of these packs in a wide range of indications such as removal of vitreous from retina, removal of epiretinal membrane, collective procedures for retinal surgery, and detachment of posterior vitreous.
The photocoagulation lasers segment also held a significant revenue share in the market for vitrectomy devices in 2020. Laser photocoagulation surgery helps in shrinking or destroying abnormal retina structures and hence is widely adopted for correcting retina-related conditions such as diabetic retinopathy.
By Application Analysis
The macular hole segment dominated the market and held the largest revenue share of 26.2% in 2020. The segment is expected to grow at a significant rate. A macular hole is a small breakage in the macula, located in the center of the retina.
The retinal detachment segment is expected to experience the fastest growth during the forecast period. Retinal detachment is majorly seen in patients with high myopia. The growing prevalence of high myopia is expected to contribute towards the segment growth.
The diabetic retinopathy segment is expected to grow at a significant rate during the forecast period. According to the American Academy of Ophthalmology, in 2020, worldwide around 35.6% (93 million people) of diabetic adults aged 40 suffer from diabetic retinopathy.
By End-use Analysis
The hospital segment dominated the market and held the largest revenue share of around 42.0% in 2020, owing to the growing adoption of vitrectomy surgeries in these settings. A large number of hospitals are offering ophthalmic care including vitrectomy, which, in turn, is expected to boost the installation of vitrectomy devices in them.
The Ambulatory surgical centers (ASCs) segment is anticipated to grow at the fastest rate during the forecast period. The growing number of ASCs in developing countries is expected to contribute to the growth of the market. Additionally,
By Regional Analysis
North America dominated the market and accounted for the largest revenue share of 36.9% in 2020. The growing prevalence of ophthalmic disorders such as diabetic retinopathy, macular hole, retinal detachment, etc. is expected to contribute towards the growth of the market in the region.
In Asia Pacific, the market is expected to grow at the fastest rate of 6.4% during the forecast period. The presence of a large patient pool in the region seeking ophthalmic care is expected to drive the adoption of vitrectomy devices.
In Europe, the vitrectomy devices market and is expected to grow at a considerable rate. This can be attributed to the high prevalence of eye diseases, growing demand for technologically advanced products, and increase in R&D investments for the development of new products.
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Major Key Players Covered in The Vitrectomy Devices Market Report include
- Alcon Inc.
- Bausch & Lomb Incorporated
- BVI
- NIDEK CO., LTD.
- Johnson & Johnson Vision Care, Inc.
- Blink Medical
- Topcon Corporation
- Carl Zeiss Meditec AG
- Hoya Surgical Optics
Vitrectomy Devices Market Segmentation
- By Product
- Vitrectomy machines
- Vitrectomy packs
- Photocoagulation lasers
- Illumination devices
- By Application
- Diabetic retinopathy
- Retinal detachment
- Macular hole
- Vitreous hemorrhage
- Others
- By End-use
- Hospitals
- Ophthalmic clinics
- Ambulatory surgical centers
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vitrectomy Devices Market, By Product
7.1. Vitrectomy Devices Market, by Product, 2021-2030
7.1.1. Vitrectomy machines
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Vitrectomy packs
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Photocoagulation lasers
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Illumination devices
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Vitrectomy Devices Market, By Application
8.1. Vitrectomy Devices Market, by Application, 2021-2030
8.1.1. Diabetic retinopathy
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Retinal detachment
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Macular hole
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Vitreous hemorrhage
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Vitrectomy Devices Market, By End User
9.1. Vitrectomy Devices Market, by End User, 2021-2030
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Ophthalmic clinics
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Ambulatory surgical centers
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Vitrectomy Devices Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Alcon Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Bausch & Lomb Incorporated
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. BVI
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. NIDEK CO., LTD.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Johnson & Johnson Vision Care, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Blink Medical
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Topcon Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Carl Zeiss Meditec AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Hoya Surgical Optics
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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