Vitrectomy serves as major treatment option that has gained popularity since the past few years and also offers retina correction for the entire field of the interior of the eye, which includes the peripheral vision. Moreover, when it comes to defining Vitrectomy, it is a surgical procedure employed to eradicate vitreous gel from the eye. This process is done when there is an occurrence of retinal detachment with vitreous haemorrhage. In addition, this procedure is used for eradication of scar tissue and treatment for small holes or tear in the macula.
The generated demand for vitrectomy contributes for providing support to ophthalmic surgeries. Ophthalmic diseases are prevalent in the elderly population and as per the data generated by National Institute on Ageing, 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 vitrectomy devices market growth. Moreover, hospitals have also installed vitrectomy devices to enhance vitreoretinal surgery procedures.
When observing for restraining factors of the market, the risks associated with vitrectomy is expected to reduce the market growth. Patient undergone vitrectomy has high chances of generating cataract after some years, thus, which in turn negatively impacting its adoption. Moreover, the lack of professional ophthalmologists to understand the operations of advanced vitrectomy devices with multiple functionalities may also expose a threat to the upcoming market.
VITRECTOMY DEVICES MARKET SEGMENTATION
When it comes to segmentation based on products type, it is divided into vitrectomy accessories, vitrectomy packs, vitrectomy machines, and vitreoretinal surgery disposables. Further, segmenting it on the basis of revenue, the vitrectomy accessories segment of the vitreoretinal surgery devices market is estimated to hold a prominent share of revenue over the forecast period of 2021 to 2028. In addition to other factors, the progressing procedure count of retinal detachment surgery and the growing adaption of vitrectomy machines is predicted to fuel the growth of the vitreoretinal surgery devices market in upcoming years. When observed in terms of revenue, the hospitals end-user segment market is expected to a hold a significant share over the forecast period, followed by the ambulatory surgical center segment.
Some major companies operating in the vitreoretinal surgery devices are Geuder AG Dutch, Ophthalmic Research Center, International B.V., Alcon Inc., Bausch & Lomb Incorporated, Carl Zeiss, Topcon Corporation, IRIDEX Corporation, Ellex Medical Lasers and Erbe Elektromedizin among others.
VITRECTOMY DEVICES MARKET SEGMENTATION BASED ON REGIONS
Geographically, the global retinal surgery anti-snoring treatment market is segmented into North America, Europe, Asia, and Rest of the World (ROW: Latin America, Pacific Countries, and Africa). In Asian countries namely, China, Indonesia, and others are witnessing a majority of aging population that has led to the contribution for the rising demand.
SEGMENTATION OF VITRECTOMY DEVICES MARKET
LIST OF KEY PLAYERS IN VITRECTOMY DEVICES MARKET