The North America Vitrectomy Devices Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
North America emerged as the leading region in the overall vitrectomy devices market. Moreover, the regional market is expected to showcase a similar trend even during the forecast years. The demand for the treatment of retinal defects by vitrectomy would be driven by the rising number of trauma cases related to retinal tear and detachment and the increased occurrence of retinal detachment in geriatric and adult patients.
Constant technological advancements such as convenience in the utilization of vitreoretinal surgery devices and automation are expected to increase sales and adoption of vitrectomy devices in the market. Moreover, factors such as increasing awareness about cost-effective surgical procedures among the common population and usage of minimally invasive surgical equipment would create lucrative growth opportunities for the players operating in the vitrectomy devices market. Thus, these factors are anticipated to boost the growth of the vitrectomy devices market during the forecast period.
Moreover, the regional market is characterized by the massive occurrence of retinal diseases in the geriatric population and diabetic retinopathy which are expected to fuel the demand for vitrectomy devices in the regional market. As per the National Diabetes Statistics Report 2020, around 10.5% of the total US population is suffering from diabetes. As per the National Eye Institute, diabetic retinopathy affects approximately 7.7 million of the US population and would increase to 11.3 million by the year 2030. Further, the growth of the regional market is further boosted by the increasing adoption of sophisticated technologies in retinal surgery devices and the surge in the number of minimally invasive surgeries. Therefore, the regional market is expected to unlock new growth prospects in the upcoming years.
Retinal detachment is one of the major causes of loss of vision. As per the data from US Centre for Disease Control and Prevention (CDC), the loss of workforce because of the retinal detachment is around USD 80 million per annum in the US alone. The huge incidence of retinal detachment would lead to the massive demand for vitrectomy devices like vitreoretinal surgery accessories and vitreoretinal surgery disposable across the world, mainly in the US.
The USA market dominated the North America Diabetic retinopathy Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $101.1 million by 2027. The Canada market is experiencing a CAGR of 5.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.2% during (2021 - 2027).
Based on Application, the market is segmented into Vitreous hemorrhage, Macular hole, Diabetic retinopathy, Retinal detachment, and Other Applications. Based on Product, the market is segmented into Vitrectomy Machines, Illumination Devices, Photocoagulation Lasers and Vitrectomy Packs. Based on End Use, the market is segmented into Ophthalmology clinics, Hospitals and Ambulatory Surgical Centers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vitrectomy Devices Market is Estimated to reach $1.5 Billion by 2027, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bausch Health Companies, Inc., Carl Zeiss AG, Johnson & Johnson, Topcon Corporation, Hoya Corporation, Alcon, Inc., Beaver-Visitec International, Inc. (TPG Capital), Blink Medical Ltd. (Katena Products, Inc.), Nidek Co., Ltd., and Lumenis Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Vitreous hemorrhage
- Macular hole
- Diabetic retinopathy
- Retinal detachment
- Other Applications
By Product
- Vitrectomy Machines
- Illumination Devices
- Photocoagulation Lasers and
- Vitrectomy Packs
By End Use
- Ophthalmology clinics
- Hospitals and
- Ambulatory Surgical Centers
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Bausch Health Companies, Inc.
- Carl Zeiss AG
- Johnson & Johnson
- Topcon Corporation
- Hoya Corporation
- Alcon, Inc.
- Beaver-Visitec International, Inc. (TPG Capital)
- Blink Medical Ltd. (Katena Products, Inc.)
- Nidek Co., Ltd.
- Lumenis Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vitrectomy Devices Market, by Application
1.4.2 North America Vitrectomy Devices Market, by Product
1.4.3 North America Vitrectomy Devices Market, by End Use
1.4.4 North America Vitrectomy Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.2.5 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Aug – 2021, Oct) Leading Players
Chapter 4. North America Vitrectomy Devices Market by Application
4.1 North America Vitreous hemorrhage Market by Country
4.2 North America Macular hole Market by Country
4.3 North America Diabetic retinopathy Market by Country
4.4 North America Retinal detachment Market by Country
4.5 North America Other Applications Market by Country
Chapter 5. North America Vitrectomy Devices Market by Product
5.1 North America Vitrectomy Machines Market by Country
5.2 North America Illumination Devices Market by Country
5.3 North America Photocoagulation Lasers Market by Country
5.4 North America Vitrectomy Packs Market by Country
Chapter 6. North America Vitrectomy Devices Market by End Use
6.1 North America Ophthalmology clinics Market by Country
6.2 North America Hospitals Market by Country
6.3 North America Ambulatory Surgical Centers Market by Country
Chapter 7. North America Vitrectomy Devices Market by Country
7.1 USA Vitrectomy Devices Market
7.1.1 USA Vitrectomy Devices Market by Application
7.1.2 USA Vitrectomy Devices Market by Product
7.1.3 USA Vitrectomy Devices Market by End Use
7.2 Canada Vitrectomy Devices Market
7.2.1 Canada Vitrectomy Devices Market by Application
7.2.2 Canada Vitrectomy Devices Market by Product
7.2.3 Canada Vitrectomy Devices Market by End Use
7.3 Mexico Vitrectomy Devices Market
7.3.1 Mexico Vitrectomy Devices Market by Application
7.3.2 Mexico Vitrectomy Devices Market by Product
7.3.3 Mexico Vitrectomy Devices Market by End Use
7.4 Rest of North America Vitrectomy Devices Market
7.4.1 Rest of North America Vitrectomy Devices Market by Application
7.4.2 Rest of North America Vitrectomy Devices Market by Product
7.4.3 Rest of North America Vitrectomy Devices Market by End Use
Chapter 8. Company Profiles
8.1 Bausch Health Companies, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent Strategies and Developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Approvals and Trials:
8.2 Carl Zeiss AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.5.2 Geographical Expansions:
8.3 Johnson & Johnson
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental &Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent Strategies and Developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Geographical Expansions:
8.3.5.3 Approvals and Trials:
8.4 Topcon Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.5 Hoya Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental &Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent Strategies and Developments:
8.5.5.1 Acquisitions and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Alcon, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Beaver-Visitec International, Inc. (TPG Capital)
8.7.1 Company Overview
8.7.2 Recent Strategies and Developments:
8.7.2.1 Acquisitions and Mergers:
8.7.2.2 Product Launches and Product Expansions:
8.7.2.3 Geographical Expansions:
8.8 Blink Medical Ltd. (Katena Products, Inc.)
8.8.1 Company Overview
8.8.2 Recent Strategies and Developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Acquisitions and Mergers:
8.9 Nidek Co., Ltd.
8.9.1 Company Overview
8.9.2 Recent Strategies and Developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. Lumenis Ltd.
8.10.1 Company Overview
TABLE 1 North America Vitrectomy Devices Market, 2017 - 2020, USD Million
TABLE 2 North America Vitrectomy Devices Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vitrectomy Devices Market
TABLE 4 Product Launches And Product Expansions– Vitrectomy Devices Market
TABLE 5 Acquisition and Mergers– Vitrectomy Devices Market
TABLE 6 Geographical Expansions– Vitrectomy Devices Market
TABLE 7 Approvals and Trials– Vitrectomy Devices Market
TABLE 8 North America Vitrectomy Devices Market by Application, 2017 - 2020, USD Million
TABLE 9 North America Vitrectomy Devices Market by Application, 2021 - 2027, USD Million
TABLE 10 North America Vitreous hemorrhage Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Vitreous hemorrhage Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Macular hole Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Macular hole Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Diabetic retinopathy Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Diabetic retinopathy Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Retinal detachment Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Retinal detachment Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Vitrectomy Devices Market by Product, 2017 - 2020, USD Million
TABLE 21 North America Vitrectomy Devices Market by Product, 2021 - 2027, USD Million
TABLE 22 North America Vitrectomy Machines Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Vitrectomy Machines Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Illumination Devices Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Illumination Devices Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Photocoagulation Lasers Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Photocoagulation Lasers Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Vitrectomy Packs Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Vitrectomy Packs Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Vitrectomy Devices Market by End Use, 2017 - 2020, USD Million
TABLE 31 North America Vitrectomy Devices Market by End Use, 2021 - 2027, USD Million
TABLE 32 North America Ophthalmology clinics Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Ophthalmology clinics Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Hospitals Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Ambulatory Surgical Centers Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Ambulatory Surgical Centers Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Vitrectomy Devices Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Vitrectomy Devices Market by Country, 2021 - 2027, USD Million
TABLE 40 USA Vitrectomy Devices Market, 2017 - 2020, USD Million
TABLE 41 USA Vitrectomy Devices Market, 2021 - 2027, USD Million
TABLE 42 USA Vitrectomy Devices Market by Application, 2017 - 2020, USD Million
TABLE 43 USA Vitrectomy Devices Market by Application, 2021 - 2027, USD Million
TABLE 44 USA Vitrectomy Devices Market by Product, 2017 - 2020, USD Million
TABLE 45 USA Vitrectomy Devices Market by Product, 2021 - 2027, USD Million
TABLE 46 USA Vitrectomy Devices Market by End Use, 2017 - 2020, USD Million
TABLE 47 USA Vitrectomy Devices Market by End Use, 2021 - 2027, USD Million
TABLE 48 Canada Vitrectomy Devices Market, 2017 - 2020, USD Million
TABLE 49 Canada Vitrectomy Devices Market, 2021 - 2027, USD Million
TABLE 50 Canada Vitrectomy Devices Market by Application, 2017 - 2020, USD Million
TABLE 51 Canada Vitrectomy Devices Market by Application, 2021 - 2027, USD Million
TABLE 52 Canada Vitrectomy Devices Market by Product, 2017 - 2020, USD Million
TABLE 53 Canada Vitrectomy Devices Market by Product, 2021 - 2027, USD Million
TABLE 54 Canada Vitrectomy Devices Market by End Use, 2017 - 2020, USD Million
TABLE 55 Canada Vitrectomy Devices Market by End Use, 2021 - 2027, USD Million
TABLE 56 Mexico Vitrectomy Devices Market, 2017 - 2020, USD Million
TABLE 57 Mexico Vitrectomy Devices Market, 2021 - 2027, USD Million
TABLE 58 Mexico Vitrectomy Devices Market by Application, 2017 - 2020, USD Million
TABLE 59 Mexico Vitrectomy Devices Market by Application, 2021 - 2027, USD Million
TABLE 60 Mexico Vitrectomy Devices Market by Product, 2017 - 2020, USD Million
TABLE 61 Mexico Vitrectomy Devices Market by Product, 2021 - 2027, USD Million
TABLE 62 Mexico Vitrectomy Devices Market by End Use, 2017 - 2020, USD Million
TABLE 63 Mexico Vitrectomy Devices Market by End Use, 2021 - 2027, USD Million
TABLE 64 Rest of North America Vitrectomy Devices Market, 2017 - 2020, USD Million
TABLE 65 Rest of North America Vitrectomy Devices Market, 2021 - 2027, USD Million
TABLE 66 Rest of North America Vitrectomy Devices Market by Application, 2017 - 2020, USD Million
TABLE 67 Rest of North America Vitrectomy Devices Market by Application, 2021 - 2027, USD Million
TABLE 68 Rest of North America Vitrectomy Devices Market by Product, 2017 - 2020, USD Million
TABLE 69 Rest of North America Vitrectomy Devices Market by Product, 2021 - 2027, USD Million
TABLE 70 Rest of North America Vitrectomy Devices Market by End Use, 2017 - 2020, USD Million
TABLE 71 Rest of North America Vitrectomy Devices Market by End Use, 2021 - 2027, USD Million
TABLE 72 key information – Bausch Health Companies, Inc.
TABLE 73 Key Information – Carl Zeiss AG
TABLE 74 Key information –Johnson & Johnson
TABLE 75 key Information – Topcon Corporation
TABLE 76 Key Information – Hoya Corporation
TABLE 77 key information – Alcon, Inc.
TABLE 78 Key Information – BEAVER-VISITEC INTERNATIONAL, INC.
TABLE 79 Key Information – Blink Medical Ltd.
TABLE 80 Key Information – Nidek Co., Ltd.
TABLE 81 key Information – Lumenis Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Aug – 2021, Oct) Leading Players
FIG 5 Recent strategies and developments: Bausch Health Companies, Inc.
FIG 6 Recent strategies and developments: Johnson & Johnson
FIG 7 Recent strategies and developments: Hoya Corporation
FIG 8 Recent strategies and developments: Beaver-Visitec International, Inc. (TPG Capital)
FIG 9 Recent strategies and developments: Blink Medical Ltd. (Katena Products, Inc.)