(MENAFN - America News Hour) GlobalVitreoretinal Surgery Devices Market Report added by Market Study Report
LLC offers industry share, growth, trends and forecast analysis up to 2025.
Vitreoretinal Surgery Devices Market Report also covers top key players,
porters five forces analysis and market segmentation in detail. This report
examines the global Vitreoretinal Surgery Devices market and provides
information regarding the revenue for the period 2019 to 2025.
vitreoretinal devices market will capture the largest market share owing to
rise in the incidence of various eye-related disorders in the country. As per
the American Academy of Ophthalmology, approximately 40 million people in the
U.S. suffer from some eye-related disorders such as glaucoma, diabetic
retinopathy, cataract, and dry eye. Furthermore, the growth is attributed to
increasing awareness of various vitreoretinal treatments among the population
along with high adoption rates of these devices in developed regions.
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Surgery Devices Market will exceed USD 1.9 billion by 2025; as per a new
research report. Rising number of macular degenerations in the geriatric
population will stimulate global vitreoretinal devices market growth in the upcoming
years. Also, growing incidence of eye-related disorders worldwide and the
availability of innovative micro-invasive procedures for vitreoretinal
surgeries will spur the demand for vitreoretinal devices. As per the
International Agency for the Prevention of Blindness, age-related macular
degeneration (AMD) is a leading cause of blindness in developed countries. It
is anticipated that in 2020, 196 million people globally will suffer from
age-related macular degeneration. With the rising prevalence of AMD in the
aging population, the demand for vitreoretinal surgeries will increase, thereby
boosting the industry growth.
incidence of diabetes followed by diabetic retinopathy in middle-income and
developing countries will increase the adoption of vitreoretinal devices.
According to the American Diabetic Association report, nearly 97 million people
in the U.S. suffered from diabetic retinopathy in 2017. In addition, an
increasing number of government initiatives and awareness programs to create alertness
amongst the public regarding various ophthalmic devices such as vitrectomy
probes, vitreoretinal packs, etc., will fuel the industry growth in the
the high-cost of vitreoretinal surgery devices and poor reimbursement coverage
for ophthalmic surgeries may hamper industry growth. Lack of awareness and low
accessibility to vitreoretinal devices in backward economies is a major
challenge faced by the industry. Additionally, post-surgery complications such
as light sensitivity, eye inflammation, and macular edema will limit industry
packs segment will hold a significant revenue size over the forecast years
owing to rise in geriatric populations accompanied by an increasing number of
vitreoretinal surgeries. The use of vitreoretinal packs in a wide array of
applications in retinal surgeries will further assist the industry growth.
Additionally, advantages associated with vitreoretinal packs such as high
portability, optical magnification, and higher sensitivity will increase the
adoption rates of vitreoretinal packs over the forthcoming years.
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segment will dominate the end-use segment over the forecast years owing to the
increased usage of vitreoretinal surgery devices for the treatment of
vision-related disorders such as the macular hole, retinal detachment,
epiretinal membrane. Furthermore, increasing complications related to diabetes
including diabetic retinopathy along with rising hospital admissions will
supplement the growth of hospitals in the market.
vitreoretinal devices market is expected to grow at a significant pace due to
the presence of a vast consumer base in the region. The initiatives taken by
the government including VISION 2020 to eradicate the main cause of treatable
blindness globally will further help to grow the market in India. Additionally,
increased awareness regarding benefits of vitreoretinal surgeries and an
increase in the number of eye disorders will boost the industry growth in the
of the major key players involved in the global vitreoretinal devices market
are Carl Zeiss Meditec AG, MedOne Surgical, Inc., Designs for Vision, Inc,
Alcon, Inc., Bausch & Lomb, Inc. among others. Companies are implementing
various business strategies such as mergers and acquisitions and new product
developments are implemented by these players in order to generate high
revenues. For instance, in November 2018, Hypervit was introduced by Alcon with
unique dual blade design. Such technological advancement will enable the
company to spur the revenue generation.
Table of Content:
2. Executive Summary
3. Vitreoretinal Surgery Devices Industry Insights
4. Vitreoretinal Surgery Devices Market, By Product
5. Vitreoretinal Surgery Devices Market, By End-use
6. Vitreoretinal Surgery Devices Market, By Region
7. Vitreoretinal Surgery Devices Market Company Profiles
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Surgery Devices Market Insights 2019, Global and Chinese Analysis and Forecast
Surgery Devices Market Insights 2019, Global and Chinese Scenario is a
professional and in-depth study on the current state of the global
Vitreoretinal Surgery Devices industry with a focus on the Chinese market. The
report provides key statistics on the market status of the Vitreoretinal
Surgery Devices manufacturers and is a valuable source of guidance and
direction for companies and individuals interested in the industry.Overall, the
report provides an in-depth insight of 2014-2024 global and Chinese
Vitreoretinal Surgery Devices market covering all important parameters.
Read more at:https://www.marketwatch.com/press-release/diagnostic-ultrasound-market-size-by-technology-application-geography-analysis-and-forecast-to-2025-2019-03-01
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