$2.1 Bn Expected for Global Retinal Surgery Devices Market at 8.4% CAGR by 2021
Retinal Surgery Devices Market to witness Impressive Growth by 2016 – 2021
Sarasota, FL -- (SBWire) -- 03/13/2017 --Zion Market Research has published a new report titled "Retinal Surgery Devices Market (Retinal Laser Equipment, Microscopic Illumination Equipment, Vitrectomy Packs, Vitrectomy Machines, Surgical Instruments and Others) for Epiretinal Membrane, Diabetic Retinopathy, Retinal Detachment, Macular Hole and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021." According to the report, global Retinal surgery devices market was valued around USD 1.4 billion in 2015 and is expected to generate revenue of USD 2.1 billion by end of 2021, growing at a CAGR of around 8.4% between 2016 and 2021.
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The human eye is one of the most vital sensory organs of human body. Any damage of infection to human eye needs be treated with utmost care and precaution. Various type of retinal surgery devices such as retinal laser equipment, microscopic illumination equipment, vitrectomy packs, vitrectomy machines, surgical instruments and others are used for the treatment of retinal diseases such as macula pucker, diabetic retinopathy, macular hole and others. Changing lifestyle and increase in a number of the elderly population has resulted in an increase in the number of retinal surgery performed globally with in turn has boosted the demand for retinal surgery devices market.
Global retinal surgery devices market is primarily driven by an increase in elderly population across the globe. Another major driving factor for retinal surgery devices market is increasing life expectancy coupled along with technological advancements in the field of ophthalmic surgery such as LED virtual retina displays. However, the high price of retinal eye surgery devices is a major restraint that may limit the growth of the market. Nonetheless emerging economies such as India and China is likely to disclose the new avenues for retinal surgery devices market in the near future.
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The retinal surgery devices market is segmented on the basis of different products including retinal laser equipment, microscopic illumination equipment, vitrectomy packs, vitrectomy machines, surgical instruments and others. In 2015, vitrectomy packs were the largest segment in retinal surgery devices market and accounted for largest share of the total market. Additionally, it is expected to continue its dominance and be the fastest growing segment in the global market over the forecast period. Vitrectomy packs have resulted in the increase in time saving during and after the retinal surgery procedure which is the prime reason for the growth of this segment.
Epiretinal membrane, diabetic retinopathy, retinal detachment, macular hole and others are the key application of the global retinal surgery devices market. The diabetic retinopathy application segment dominated the market in terms of revenue retinal detachment and diabetic retinopathy segment is likely to have a significant growth within the forecast period.
North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional segments of the global retinal surgery devices market. North America is expected to remain the dominant region over the forecast period in 2015. Demand for retinal surgery devices was highest in Asia-Pacific. Hence, Asia Pacific is expected to be the fastest growing region in retinal surgery devices market during the forecast period. Europe is expected to have the moderate growth rate for this market during the forecast period.
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Some of the key players in retinal surgery devices market include Carl Zeiss Meditec AG, Leica Microsystems, IRIDEX Corporation, Synergetics, Inc., Topcon Corporation, Optos plc., Bausch + Lomb Incorporated, Alcon, Inc., ASICO, Dover NiDEK CO., Ltd., and Lumenis, among others.
This report segments the global retinal surgery devices market as follows:
Global Retinal Surgery Devices Market: Product Segment Analysis
Retinal Laser Equipment
Microscopic Illumination Equipment
Global Retinal Surgery Devices Market: Application Segment Analysis
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Global Retinal Surgery Devices Market: Regional Segment Analysis
The Middle East and Africa
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