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Vitrectomy Machines Market

Vitrectomy Machines Market

Vitrectomy Machines Market Analysis By Type (1000 Revolutions, 2500 Revolutions & Others) By Application (Macular Hole, Retinal Detachment, Diabetic Retinopathy, Vitreous Hemorrhage & Others) By End-User & Region – Global Market Insights 2022 to 2027

Vitrectomy Machines Market
FACT7672MR
  • Sep-2022
  • List of Tables : 84
  • List of Figures : 112
  • 170 Pages
  • Healthcare

Vitrectomy Machines Market Outlook (2022-2027)

The global vitrectomy machines market currently accounts for a valuation of US$ 430 million and is expected to reach US$ 610 million by the end of 2027. Worldwide demand for vitrectomy machines is predicted to increase at a high-value CAGR of 7.2% from 2022 to 2027.

Demand for vitrectomy machines for macular hole treatment is expected to surge at a CAGR of 8% over the forecast period. By cauterizing the ocular blood vessels, vitrectomy machines lower the chance of vision loss, thereby increasing their popularity.

Report Attributes

Details

Vitrectomy Machines Market Size (2022)

US$ 430 Million

Projected Market Value (2027)

US$ 610 Million

Global Market Growth Rate (2022-2027)

7.2% CAGR

Market Share of Macular Hole Application

35%

Key Companies Profiled

  • Alcon, Inc.
  • IRIDEX Corporation
  • Leica Microsystems GmbH
  • Lumenis Ltd.
  • Optos Plc
  • Synergetics, Inc.
  • Topcon Corporation
  • Bausch & Lomb Incorporated
  • Carl Zeiss Meditec AG

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Revenue Analysis of Vitrectomy Machines (2017-2021) Vs. Market Outlook (2022-2027)

“Rising Need for Vitrectomy Machines in Vitreoretinal Surgeries”

According to Fact.MR, a market research and competitive intelligence provider, sales of vitrectomy machines are projected to increase at a CAGR of 7.2% from 2022 to 2027.

Using small microsurgical tools, the vitreous gel that fills the eye chamber is removed during a vitrectomy procedure. The surgeon may then use a laser to repair any retinal tears or holes. The retina is then placed inside a gas bubble to preserve it in place while it heals. This operation is carried out when there is a vitreous haemorrhage with a retinal detachment.

The elimination of scar tissue and the healing of microscopic rips or holes in the macula are two more procedures that use it. The global market for vitrectomy devices is being driven by an increase in the senior population and technological advancements in ophthalmic surgical systems.

As more individuals learn about and employ minimally-invasive surgical techniques and equipment, the market for vitrectomy machines, Including proliferative vitreoretinopathy, is expected to grow over the coming years. Increasing need for vitrectomy machines in vitreoretinal surgeries is driving market growth.

Vitrectomy machines market forecast by Fact.MR

What’s Driving Vitrectomy Machines Market Potential?

“Constant Innovation in Vitrectomy Machines”

Rising incidence of retinal detachment is driving the demand for vitrectomy equipment. It is anticipated that an ageing population base and an increase in the prevalence of eye-related ailments would both support the expansion of the global market throughout the anticipated time frame.

Market expansion is projected to be aided by the sharp increase in the number of trauma cases involving retinal tears and the higher prevalence of retinal detachment in senior and adult patients.

The prevalence of diabetes has increased, which has led to an increase in cases of diabetic retinopathy. It is a condition that arises in diabetics as a result of blood vessel damage to the retina. Diabetes of either type 1 or type 2 frequently results in diabetic retinopathy. An increase in eye injuries, retinal diseases, and diabetes are driving the market. Improvements in vitrectomy tools and the production of comprehensive goods are anticipated to drive market expansion over the coming years.

The market for vitrectomy machines is expected to experience considerable growth potential throughout the projected period because of the quick technological innovation, increase in government programs and financing to improve vision care, and significant developments in vitreoretinal surgery technologies.

The world's growing economies are expected to present the market with additional chances for expansion. The focus is anticipated to shift toward surgical devices as a result of low compliance rates and non-adherence to therapeutic techniques designed to lower the risk of visual loss in diabetic retinopathy.

The aged population has a high prevalence of ophthalmic disorders. The demand for vitrectomy devices is anticipated to increase along with the ageing population. The National Institute on Aging (NIA) projects that by 2030, there will be 72 million elderly persons, which could increase the prevalence of ocular illnesses.

A rise in hospital admissions for retinal procedures such as vitrectomies is anticipated to fuel market expansion. In addition, hospitals have added several vitrectomy tools to improve vitreoretinal surgery techniques.

An Adaptive Approach to Modern-day Research Needs

What is Hampering the Sales of Vitrectomy Machines?

“High Cost of Vitrectomy Machines & Uncertain Reimbursement Policies”

Risks associated with vitrectomy may restrain market expansion. Patients who have undergone vitrectomy are more likely to develop cataracts in a few years, which is expected to hinder the adoption of vitrectomy machines. The dearth of qualified ophthalmologists who are familiar with the operation of sophisticated vitrectomy equipment with numerous features may be a challenge to the industry.

Market expansion is constrained by a dearth of sufficient healthcare services and a sluggish uptake of medical technology in underdeveloped regions.

The market for vitrectomy machines is likely to experience growth restraints due to the high cost of devices and the uncertain reimbursement environment, while the possibility of alternatives may pose a threat to industry expansion.

How Can Emerging Market Players Make a Mark in the Industry?

“New Companies Focusing on Manufacturing Advanced Products for Treatment of Retinal Illnesses”

New companies are introducing high-end products for the treatment of retinal illnesses. Aspiring market players are actively investing in R&D projects that allow them to innovate novel products, which further aids in generating the greatest possible revenue in the market.

  • A start-up based in Norway, Oivi, offers an AI-powered camera and platform for the detection of eye diseases. The platform of the start-up identifies the signs of diabetic eye disease. Its unique camera enables retinal screening in primary healthcare and helps establish paths for treating diabetic eye conditions. As a result, Oivi cuts down on both the time and expense of tests at primary care offices, diabetic clinics, pharmacies, and eye hospitals.

Which Region Should Vitrectomy Machine Manufacturers Invest In?

“Presence of Reputable Research Institutions Engaged in Product Development in North America”

North America holds the highest share in the vitrectomy machines market. The presence of reputable research institutions engaged in product development, the rising prevalence of diabetes, and advanced diagnostic technologies all support the market expansion.

Rising prevalence of retinal illnesses, such as diabetic retinopathy and vitreous hemorrhage among adult patients, increased healthcare spending per capita, and the presence of market participants are the factors driving the market revenue in North America.

Country-wise Insights

What is the Outlook for the U.S. Vitrectomy Machines Market?

“Higher Incidence of Retinal Detachment in Elderly & Adult Patients in the U.S.”

Factors promoting the market expansion in the U.S. include the implementation of strict regulatory and reimbursement frameworks aiming to maintain patient safety and rising medical device norms, the higher incidence of eye diseases, a growing preference for technologically advanced products, and a rise in R&D investments for the new product innovation.

The elements projected to dominate the vitrectomy machines market in the U.S. include the increasing use of ophthalmic equipment, the improvement of healthcare facilities, and high government spending on healthcare research. A higher incidence of retinal detachment in elderly and adult patients is driving the market growth in the U.S.

Why is China Considered a Lucrative Market for Vitrectomy Machine Suppliers?

“Rising Focus by Government Organizations on Providing Better Healthcare Facilities in China”

The vitrectomy machines market in China is anticipated to increase at a CAGR of 11% from 2022 to 2027. Rise in the number of patients seeking ophthalmic care and the increased awareness of the advantages of vitreoretinal surgeries are driving market growth in China.

Increased focus by government organizations on providing better healthcare facilities & adequate patient care, growth opportunities in vitrectomy machines, and growing usage of diagnostic vitrectomy devices are contributing to the market growth.

Category-wise Insights

Which Application is Anticipated to Lead Market Revenue Generation?

“Growing Usage of Vitrectomy Machines by Healthcare Professionals for Macular Hole Treatments”

Based on application, the vitrectomy machines market is divided into the macular hole, retinal detachment, diabetic retinopathy, vitreous hemorrhage, and others. Macular hole application accounts for 35% share of the global vitrectomy machines market.

The macula, which is a tiny break in the retina's center, is known as a macular hole. An almost gel-like material called vitreous fills the interior of the eye. This gel gradually shrinks and pulls away from the retinal surface as we age. It could cause a macular hole or damage the retina during this time.

Macular holes seldom heal on their own, but the majority of them need a procedure called a vitrectomy to restore vision. A macular hole can also develop as a result of severe myopia, ocular trauma, and retinal detachment. Therefore, the increasing prevalence of these disorders is expected to accelerate the demand for vitrectomy machines.

Which End User is Expected to Account for High Market Growth?

“Wide Availability of Skilled Surgeons & Modern Vitrectomy Machines in Hospitals”

Based on end user, the vitrectomy machines market is classified into hospitals, ophthalmic clinics, and others. Because vitrectomy surgical procedures are being used more frequently, hospitals are expected to hold the highest share of market growth over the coming years.

More hospitals are now offering vitrectomy together with ophthalmic care. This is expected to increase the installation of vitrectomy devices in them in a sequential manner.

Because eyes are unique, only a qualified eye surgeon should perform a vitrectomy on a patient to ensure safe and accurate results on the first try. The most skilled surgeons, advanced medical equipment, and modern vitrectomy machines are available in hospitals.

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Competitive Landscape

Market players are creating innovative vitrectomy devices with many functions for the treatment of eye illnesses. Key manufacturers are focusing on strategic initiatives such as collaborations, the introduction and commercialization of new products, and vertical integration for company growth.

For instance :

  • In 2019, the HYPERVIT two-blade vitrectomy probe, the most recent development of the ULTRAVIT probes, was introduced by Alcon, a major leader in the eye care industry.

Key Segments in Vitrectomy Machines Industry Research

  • By Type :

    • 1000 Revolutions
    • 2500 Revolutions
    • Others
  • By Application :

    • Macular Hole
    • Retinal Detachment
    • Diabetic Retinopathy
    • Vitreous Hemorrhage
    • Others
  • By End User :

    • Hospitals
    • Ophthalmic Clinics
    • Others
  • By Region :

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

- FAQs -

The global vitrectomy machines market is valued at US$ 430 million.
Sales of vitrectomy machines are set to increase at 7.2% CAGR from 2022 to 2027.
The Canada vitrectomy machines market is set to rise at 6% CAGR through 2027.
The market for vitrectomy machines is predicted to reach US$ 610 million by 2027.
Lumenis Ltd., Optos Plc, and Synergetics, Inc. are key suppliers of vitrectomy devices.

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