Retinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Retinal Surgery Devices Market is segmented by Product Type (Vitrectomy Machines and Packs, Retinal Laser Equipment, Surgical Instruments, Other Products), By Application and Geography.

Retinal Surgery Devices Market Snapshot

Retinal Surgery Devices Market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.9 %

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Market Overview

The retinal surgery devices Market is expected to register a CAGR of 7.9% during the forecast period. Retinal surgical devices are used to repair retinal torn or detached retinas in procedures such as laser surgery, cryotherapy, scleral buckle surgery etc. Retinal diseases vary widely, but most of the retinal diseases cause visual symptoms and can affect any part of retina, a thin layer of tissue on the inside back wall of your eye. Some of the common signs and symptoms of retinal diseases are blurred or distorted (straight lines look wavy) vision, defects in the side vision, seeing floating specks or cobwebs, lost vision. According to the World Health Organization (WHO), by the year 2050, the world's population aged 60 years and older is expected to reach approximately by 2 billion, up from 900 million in the year 2015. Currently, about 125 million people are aged 80 years or older. Growing instances of retinal disorders in geriatric population, eye injuries and rising prevalence of diabetic retinopathy are the key driving factors in the retinal surgery devices market.

Scope of the Report

As per the scope of the report retinal surgery devices are used to repair retinal torn or detached retinas in procedures such as laser surgery, cryotherapy, scleral buckle surgery etc. The retinal surgery devices market are segmented by Product Type, By Application and Geography.

By Product Type
Vitrectomy Machines and Packs
Retinal Laser Equipment
Surgical Instruments
Other Products
By Application
Diabetic Retinopathy
Retinal Detachment
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Diabetic Retinopathy Segment is Expected to Hold a Major Market Share in the Retinal Surgery Devices Market

  • Diabetic retinopathy is a condition that occurs as a result of damage to the blood vessels of the retina in people with diabetes. Diabetic retinopathy can develop in people with type 1 diabetes or type 2 diabetes and with a history of uncontrolled high blood sugar levels. Diabetic retinopathy are of two types Nonproliferative diabetic retinopathy (NPDR) in which eye doesn’t make new blood vessels during the early stages of diabetic retinopathy and Proliferative diabetic retinopathy (PDR) in which new blood vessels begin to grow within the retina.
  • As per International Diabetes Federation (IDF), approximately 463 million adults aged 20-79 years were living with diabetes and by the year 2045 will rise to 700 million adults with diabetes and 79% of adults suffering with diabetes were from low- and middle-income countries.
  • Increasing prevalence of diabetes, retinal disorders, eye injuries and rising geriatric population are the key driving factors in the retinal surgery devices market.
Retinal Surgery Devices Market

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global retinal surgery devices market due to rising prevalence of retinal disorders in geriatric population and high prevalence of diabetic retinopathy in this region. According to the National Diabetes Statistics, one often is suffering from diabetes, which is approximately 9.4% of the total United States population. According to National Eye Institute, diabetic retinopathy impacts nearly 7.7 million Americans and the number is expected to increase to 11.3 million by the year 2030. Furthermore, rise in the adoption of advanced technologies in retinal surgery devices and growing number of minimally invasive surgeries is fueling the growth of the overall regional market to a large extent.

Retinal Surgery Devices Market

Competitive Landscape

The retinal surgery devices Market is consolidated competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe. Some of the market players are Alcon Inc, IRIDEX Corporation, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Topcon Corporation, NIDEK CO., LTD, Ellex Medical Lasers, Lumenis, Leica Microsystems GMBH.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population and Increasing Prevalence of Eye Diseases

      2. 4.2.2 Increasing Demand for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Retinal Surgery Devices

      2. 4.3.2 Regualtory Issues for Approval of Medical Devices

      3. 4.3.3 Complications Associated with the Retinal Surgeries

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Vitrectomy Machines and Packs

      2. 5.1.2 Retinal Laser Equipment

      3. 5.1.3 Surgical Instruments

      4. 5.1.4 Other Products

    2. 5.2 By Application

      1. 5.2.1 Diabetic Retinopathy

      2. 5.2.2 Retinal Detachment

      3. 5.2.3 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alcon, Inc

      2. 6.1.2 IRIDEX Corporation

      3. 6.1.3 Bausch & Lomb Incorporated

      4. 6.1.4 Carl Zeiss Meditec AG

      5. 6.1.5 Topcon Corporation

      6. 6.1.6 NIDEK CO., LTD

      7. 6.1.7 Ellex Medical Lasers

      8. 6.1.8 Lumenis

      9. 6.1.9 Leica Microsystems GmbH

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Retinal Surgery Devices Market market is studied from 2018 - 2026.

The Retinal Surgery Devices Market is growing at a CAGR of 7.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Alcon, Inc, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, IRIDEX Corporation, Topcon Corporation are the major companies operating in Retinal Surgery Devices Market.

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