Published Date: 24-Nov-2021
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According to a new report Global Vitrectomy Devices Market, published by KBV research, The Global Vitrectomy Devices Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 6% CAGR during the forecast period.
The vitrectomy packs segment would exhibit the fastest growth rate during the forecast period. This is owing to the higher adoption rate of these packs in various indications like removal of vitreous from retina, collective procedures for retinal surgery, removal of epiretinal membrane, and detachment of posterior vitreous. Additionally, some other advantages of the vitrectomy pack like optical magnification, huge portability, and high sensitivity would further fuel the growth of this segment.
The macular hole segment procured the highest revenue share of the vitrectomy devices market in 2020. Moreover, the segment would showcase a prominent growth rate during the forecasting period. A macular hole is defined as a little breakage in the macula, situated at the center of the retina. The interior of the eye is filled with a vitreous gel-like substance.
In 2020, North America emerged as the leading region by obtaining the maximum revenue share in the vitrectomy devices market. Factor such as a surge in occurrence of ophthalmic diseases like a macular hole, diabetic retinopathy, retinal detachment, and others is responsible for the growth of the regional market. The APAC region would display the fastest growth rate during the forecasting period. In addition, the adoption of vitrectomy devices would be boosted by the existence of a massive patient pool in this region. Moreover, the regional market is expected to witness lucrative growth opportunities due to the increase in focus of the government to offer advanced medical infrastructure and appropriate care to the patients.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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