The retinal surgery devices market is experiencing an upward trend due to the demand for minimally invasive surgical (MIS) instruments and growing geriatric population in the world. These factors have encouraged continuous advances in the technology deployed in ophthalmic devices and created new growth opportunities in the medical care industry.
Albany, NY -- (SBWIRE) -- 09/04/2015 -- The report " Retinal Surgery Devices Market [Equipment Type: Vitrectomy Packs, Vitrectomy Machines, Retinal Laser Equipment, Microscopic Illumination Equipment, Surgical Instruments (Cannulas, Forceps, Cutters, Cryoprobes, etc.) & Others (Retinal Tamponades, Sclera Buckle, etc.); Applications: Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole & Others (Eye infections and Eye injuries)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 " has been added to the repository of Market Research Reports Search Engine (MRRSE).
Published by Transparency Market Research (TMR), this report on the retinal surgery devices market states that this global market will expand at a moderate 7.3% CAGR during the forecast period from 2014 to 2020. In 2013, the global retinal surgery devices market was worth US$1.22 billion and its revenue is estimated to be US$2.01 billion by 2020.
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Top Growth Sectors: Vitrectomy Equipment Packs and North America
By equipment type, the global retinal surgery devices market is segmented into vitrectomy machines, retinal laser equipment, vitrectomy equipment packs, surgical instruments, microscopic illumination equipment, and others. The vitrectomy equipment packs segment will demonstrate the highest CAGR during the forecast period. In 2013, the vitrectomy packs segment held 25% of the global retinal surgery devices market.
Geographically, North America dominates the global retinal surgery devices market and in 2013 held a 35% share in the market. The North American retinal surgery devices market is dominant due to the adoption of leading medical device technology. Nevertheless, countries in Asia Pacific such as South Korea, China, India, Japan, and Australia are also experiencing remarkable growth.
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Top Growth Driver: Technological Advancement in Ophthalmic Surgery
The global retinal surgery devices market is classified into retinal detachment, diabetic retinopathy, epiretinal membrane, macular hole, and others such as eye injuries and eye infections, on the basis of application.
The preference of consumers for technologically advanced retinal surgical devices for treating diabetic retinopathy is supporting the growth of this sector. It is anticipated that the diabetic retinopathy application sector will continue to hold the largest market share in the foreseeable future. The consistent efforts undertaken by major market players to upgrade their product offering are the crucial aspect of this market, as the companies with the most up-to-date products are leading the market.
Players such as Bausch + Lomb, Synergetics, Carl Zeiss Meditech, Topcon, Leica Microsystems, Lumenis, Alcon, and Optos are leading the retinal surgery devices market. For example, Stellaris PC from Bausch + Lomb delivers the most advanced technology for both cataract and vitreoretinal surgery in a single system and Selecta Trio from Lumenis provides cataract, retinal, and advanced glaucoma treatment in a unified platform.
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