The Vitreoretinal Surgery Devices Global Market Report 2023, provides comprehensive information on the vitreoretinal surgery devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global vitreoretinal surgery devices market size is expected to grow from $1.7 billion in 2022 to $1.99 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vitreoretinal surgery devices market size is expected to reach $2.43 billion in 2027 at a CAGR of 5.2%.
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Product innovation is a key trend gaining popularity in the vitreoretinal surgery device market. Companies operating in the vitreoretinal surgery device market are working on new product innovations to sustain their position in the market. For instance, in June 2020, BVI, a US-based medical device manufacturer, launched a new vitreoretinal surgery device called CryoTreq, the world’s first single-use handheld cryo-surgery device expanding its vitreoretinal portfolio. This device revolutionizes the treatment of retinal tears and detachments. This stand-alone cryosurgery tool operates without external connections to machinery, gas tanks, or power and is service- and maintenance-free.
The vitreoretinal surgery devices market is segmented:
1) By Product: Photocoagulation Lasers, Illumination Devices, Vitrectomy Machines, Vitrectomy Probes, Vitreoretinal Packs, Other Products
2) By Surgery: Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery
3) By Application: Diabetic Vitreous Hemorrhage, Retinal Detachment, Macular Hole, Other Applications
4) By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Other End-Users
North America was the largest region in the vitreoretinal surgery devices market in 2022.
The table of contents in TBRC’s vitreoretinal surgery devices market report includes:
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