Home / Top News / Vitreoretinal Surgery Devices Market to hit $1.9 billion by 2025: Global Market Insights, Inc.

Vitreoretinal Surgery Devices Market to hit $1.9 billion by 2025: Global Market Insights, Inc.

The United States vitreoretinal surgery devices market value exceeded USD 569 million in 2018 and set to register significant CAGR up to 2025, propelled by increasing incidence of various eye-related disorders.

Selbyville, Delaware, June 25, 2019 (GLOBE NEWSWIRE) —

Specialty clinics segment of vitreoretinal surgery devices market is expected to witness considerable growth of 3.4%. High growth is attributed to rise in prevalence of ocular diseases such as, age-related macular degeneration, glaucoma, diabetic retinopathy, cataract and others. Additionally, presence of state-of-the-art facilities in such settings encourage people to prefer specialty clinics over other end-use settings. Moreover, increasing number of such clinics in developed as well as developing economies will further augment segmental growth.

Photocoagulation lasers held major chunk of revenue accounting for total value of USD 409.9 million in 2018. Photocoagulation lasers are used to treat several eye diseases and has become widely used in recent years. These devices are expected to witness a positive growth trajectory owing to its efficiency in treatment coupled with increasing prevalence of ocular diseases. For instance, according to the American National Eye Institute, 2.7 million people in America are suffering from glaucoma and is expected to increase over time thus, contributing to segment growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3417

U.S. vitreoretinal surgery devices market held majority share of 91.7% in 2018. This growth is attributed to increasing awareness among the population about various vitreoretinal treatments. Moreover, rising incidence of eye disorders are further driving market growth. For instance, as per Centers for Disease Control and Prevention (CDC), more than 3.3 million Americans aged 40 years and older are either with low vision or legally blind. The major cause of low vision and blindness in the U.S. are primarily age-related eye disorders such as cataract, glaucoma, etc. Hence, the aforementioned reasons will majorly impact market growth.

Global Vitreoretinal Surgery Devices Market is poised to surpass USD 1.9 billion by 2025; according to a new research study published by Global Market Insights, Inc. Vitreoretinal surgery devices are used to treat various ocular diseases such as vitreous hemorrhage, macular degeneration, retinal detachment and others. Ophthalmic surgeons use highly specialized devices and techniques to perform the such vitreoretinal procedures. Increasing rate of geriatric population is a major growth augmenting factor as people above the age of 60 are more prone to eye related diseases. Moreover, rising government initiative with the aim to raise awareness among the population about various retinal treatments will propel market growth.

Vitreoretinal surgery devices market is expected to witness substantial growth over the forecast timeframe owing to increasing technological advents in surgical devices to assure less procedural time and efforts will provide market growth opportunities. Introduction of robot-assisted vitreoretinal surgeries will further improve procedural efficiency and limit post-surgery complications. Moreover, rising prevalence of ocular diseases such as, diabetic retinopathy, refractive error and cataract will further augment market growth.

Browse key industry insights spread across 160 pages with 127 market data tables & 7 figures & charts from the report, “Vitreoretinal Surgery Devices Market Size By Product (Photocoagulation Lasers, Illumination Devices, Vitreoretinal Packs, Vitrectomy Machines, Vitrectomy Probes), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:   

https://www.gminsights.com/industry-analysis/vitreoretinal-surgery-devices-market

However, high cost of vitreoretinal surgery devices is a major growth restricting factor. Additionally, poor reimbursement coverage for such procedures will further limit market growth. Also, surgery complications such as eye inflammation, light sensitivity, photopsia and macular edema will limit the adoption rate of vitreoretinal surgery devices, thus hindering market growth.

Some of the key industry players operating in the global vitreoretinal surgery devices market are Alcon, Inc., Bausch & Lomb, Inc., OCULUS Optikgeräte GmbH, MedOne Surgical, Inc., Carl Zeiss Meditec AG, Designs for Vision, Inc., Peregrine Surgical, and D.O.R.C. Dutch Ophthalmic Research Center (International) B.V. The industry participants emphasize on acquisitions and mergers, geographical expansion and novel product developments to strengthen their position in the market and gain competitive advantage over its peers. 

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3417

Browse Related Reports:

Ophthalmic Devices Market By End Use [ Hospitals, Specialty Clinics, Ambulatory Surgical Centres, Consumers], By Products [Surgical Devices {Cataract Surgery Devices, Glaucoma Surgery Devices, Refractive Surgery Devices, Vitreoretinal Surgery Devices}, Diagnostic and Monitoring Devices, Vision Care Products {Contact Lenses, Spectacle Lenses}, Ophthalmic Accessories], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/ophthalmic-devices-market

Ophthalmic Viscosurgical Devices (OVD) Market By End-use (Hospitals, Clinics), By Products (Dispersive, Cohesive, Combined), By Application (Cataract Surgery, Vitreoretinal Surgery, Canaloplasty, Refractive Surgery, Keratoplasty), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/ophthalmic-viscosurgical-devices-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

CONTACT: Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com
Blog: http://express-journal.com/

GlobeNewswire

GlobeNewswire,is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
GlobeNewswire