Global Retinal Surgery Devices Market to Reach US$ 3.9 Billion by 2032, Propelled by Rising Prevalence of Diabetic Retinopathy

April 13, 2020 | Healthcare

According to the latest report by IMARC Group, titled “Retinal Surgery Devices Market Report by Equipment Type (Vitrectomy Machines, Retinal Laser Equipment, Surgical Instruments), Application (Diabetic Retinopathy, Retinal Detachment, and Others), End-Use (Hospitals, Ophthalmology Clinics, and Others), and Region 2024-2032,” the global retinal surgery devices market reached a value of US$ 2.1 Billion in 2023. Eyes represent one of the vital sensory organs in the human body, which assist in sending visual impulses to the brain. Any damage or infection in the eyes needs to be treated with the utmost care and precautions. Consequently, retinal surgery devices, such as vitrectomy packs, surgical instruments, vitrectomy machines, retinal laser equipment and microscopic illumination equipment, are utilized for treating retinal diseases like macula pucker, diabetic retinopathy and macular hole. These devices are generally produced using stainless steel and medical-grade silicon for improved sterility.

Global Retinal Surgery Devices Market Trends:

According to the World Health Organization (WHO), an estimated 1.6 Million deaths were directly caused by diabetes in 2016. Thus, the growing diabetic population, in confluence with the rising prevalence of diabetic retinopathy and other chronic retinal eye diseases, represents one of the significant factors bolstering the market growth. Diabetic retinopathy is a serious sight-threatening complication, which causes progressive damage to the retina and affects the retinal circulatory system. Apart from this, leading manufacturers in the industry are increasing their research and development (R&D) activities to introduce innovative surgical devices, which are equipped with fundus imaging units, micro-incision technology and endoillumination systems. These devices aid in enhancing intraoperative efficiency, visualization and control. Furthermore, the widespread adoption of minimally invasive (MI) surgical procedures that lead to only minor scarring and minimize pain and discomfort is anticipated to boost the demand for retinal surgery devices in the upcoming years. Looking forward, the market value is projected to reach US$ 3.9 Billion by 2032, expanding at a CAGR of 6.6% during the forecast period (2024-2032).

Market Summary:

Based on the equipment type, the market has been segmented into vitrectomy machines, retinal laser equipment and surgical instruments. Amongst these, surgical instruments are further segregated into cannulas, forceps, cutters, cryoprobes and others.
On the basis of the application, the market has been divided into diabetic retinopathy, retinal detachment and others.
The market has been analyzed on the basis of end-use into hospitals, ophthalmology clinics and others.
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Alcon Management S. A., Bausch & Lomb Incorporated, Carl Zeiss AG, Ellex Medical Lasers Ltd., Erbe Elektromedizin GmbH, Escalon Medical Corp., Iridex Corporation, Leica Microsystems GmbH, Lumenis Ltd., Nidek Co. Ltd., Optos PLC, Second Sigh Medical Products Inc., Synergetics USA, Inc. and Topcon Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Equipment Type, Application, End-Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Alcon Management S. A., Bausch & Lomb Incorporated, Carl Zeiss, Ellex Medical Lasers, Erbe Elektromedizin, Escalon Medicals, Iridex Corporation, Leica Microsystems GmbH, Lumenis, Nidek Co. Ltd., Optos PLC, Second Sigh Medical Products, Synergetics USA Inc. and Topcon Corporation
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Retinal Surgery Devices Market to Reach US$ 3.9 Billion by 2032, Propelled by Rising Prevalence of Diabetic Retinopathy

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.