Vitreoretinal Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global vitreoretinal surgery devices market is poised for substantial growth between 2024-2031. Eye disorders, particularly retinal conditions such as diabetic retinopathy, retinal detachment, retinal tear, and macular degeneration, afflict a significant portion of the population worldwide. Diabetic retinopathy, prevalent among older age groups, alone affects approximately 25% of the retinal defect population in the United States.

Retinal detachment, a leading cause of vision loss, carries a heavy economic burden, costing the US economy approximately US$ 80 billion annually, according to data from the US Centre for Diseases Control and Prevention (CDC). The high incidence of retinal detachment is anticipated to drive the global demand for vitrectomy devices, including vitreoretinal surgery accessories and disposables.

North America and Europe Lead, South and East Asia Show Promise

The North America vitreoretinal surgery devices market, closely followed by Europe, is expected to maintain its dominance as the largest regional market in the global vitreoretinal surgery devices arena. Increased cases of trauma associated with retinal tear and detachment, along with a higher prevalence of retinal detachment in adults and the elderly, are contributing to the growing demand for vitreoretinal surgery devices.

South Asia and East Asia are emerging as regions with significant growth potential in the vitreoretinal surgery devices market. Rapid technological advancements in Japan, as well as in countries like China and India, coupled with manufacturers' increased focus on these regions, are facilitating the entry of new players in the vitreoretinal surgery devices market. The cost-effectiveness of manufacturing in these regions is creating lucrative growth opportunities for regional manufacturers.

Vitrectomy Accessories Take the Lead

Vitrectomy accessories are expected to remain the most favored among vitreoretinal surgery devices. The high incidence rate of retinal detachment is a primary driver for the robust consumption of vitrectomy accessories in procedures compared to other disposable vitreoretinal surgery devices. This trend is fueling the sales of vitreoretinal surgery device accessories, bolstered by their economic appeal.

Increasing Mergers and Acquisitions Drive Market Expansion

Mergers and acquisitions in the vitreoretinal surgery devices market have been on the rise in recent years, driven by the need to expand geographic presence and enhance operational efficiency. Steady growth is observed in the number of mergers and acquisitions involving both planned and profitable buyers, contributing to the market's growth. Notable acquisitions include Bausch & Lomb Incorporated's acquisition of Synergetics USA Inc., a leading provider of surgical and medical eye care products.

Focus on Technological Advancements

Key players in the vitreoretinal surgery devices market are actively introducing advanced products for retina care, tapping into the growing adoption of vitrectomy for retinal detachment treatment. Technological advantages offered by these products constitute a primary competitive factor. Prominent entrants in the market, such as Alcon and Bausch & Lomb Inc., are launching precision accessory packs combined with advanced vitreoretinal surgery devices, leveraging Optical Coherence Tomography (OCT) technology to enhance their product offerings.

The manufacturers of vitrectomy machines, including Alcon, Bausch & Lomb Inc., and Dutch Ophthalmic Research Center International BV, have made significant contributions to the growth of the vitreoretinal surgery devices market. The increasing trend of regular eye check-ups is driving demand for vitrectomy procedures, attracting new entrants to the vitreoretinal surgery devices market.

Market Segmentation

By Product Type:

• Vitrectomy Accessories
• Vitrectomy Packs
• Vitrectomy Machines
• Disposables

By Application:

• Diabetic Retinopathy
• Retinal Detachment
• Macular Hole
• Other Applications

By End-use:

• Hospitals
• Eye Clinics
• Ambulatory Surgical Centres

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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