Vitrectomy Machines Sales to Surge at 7. 2% CAGR as Demand for Macular Hole Treatment Rises at 8% CAGR
Fact. MR in its latest study highlights the key growth factors, latest developments, opportunities, challenges, plus market statistics to offer a better understanding of the global vitrectomy machines market. It also sheds light on the key trends influencing growth through various segments, including type, application, end user, and region.
ROCKVILLE, Md. , Nov. 4, 2022 /PRNewswire/ — The global vitrectomy machines market is estimated to reach US$ 430 million in 2022 and further expand in 7. 2% CAGR between 2022 and 2027. Product sales in the market are expected to surpass a total valuation associated with US$ 610 Million simply by the end of 2027 .
Rising incidence of eye injuries, retinal illnesses, and diabetes is providing a major impetus to the particular growth associated with vitrectomy devices market plus the trend is likely to continue during the forecast period.
In recent years, vitrectomy machines have gained immense traction across the world due to increasing number of vitrectomy procedures being performed worldwide. They are becoming extensively used to treat various problems of the particular eye’s retina and vitreous.
The rising frequency of ocular disorders, technical improvements in vitrectomy devices, and expanding government initiatives in order to raise awareness about visual impairment are expected to boost the vitrectomy machines marketplace during the forecast period.
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Similarly, rapid increase in the number of trauma cases involving retinal tears, as well as the greater frequency of retinal detachment will be also expected to drive market expansion.
In addition to this, growing focus of vitrectomy machine manufacturers to develop low-cost machines for expanding their customer base will bode nicely for the marketplace.
Demand for vitrectomy devices for macular hole therapy is estimated to grow at 8% CAGR during the projection period. This can be attributed to the increasing prevalence associated with macular hole cases plus increasing usage of vitrectomy machines throughout eye procedures to deal with this condition.
Regionally, North America leads a global vitrectomy machines market and it is probably to retain its dominance during the particular projection time period. Increasing rate of recurrence of ocular ailments such as diabetic retinopathy, macular hole, retinal detachment, and others is likely in order to boost the North America vitrectomy machine marketplace.
- By application, macular hole segment accounts with regard to 35% share of the worldwide vitrectomy machines market and it is usually likely to develop at a robust pace via 2027.
- Based on user, hospitals section will continue to lead the global vitrectomy devices market throughout the forecast period.
- The united states currently dominates the global vitrectomy machines market plus the pattern is most likely to carry on during the projection time period.
- China’s vitrectomy devices market is definitely poised to grow at a CAGR of 11% among 2022 and 2027.
- Sales of vitrectomy machines across the U. S. are anticipated to grow in a robust pace during the particular assessment period.
- Rapid innovation in vitrectomy machines can be anticipated to generate lucrative development opportunities regarding leading producers.
- Increasing authorities programs plus financing in order to improve vision care will certainly aid in the expansion of vitrectomy machines market
- Growing popularity of minimally invasive methods for treating various eye conditions is certainly expected to boost vitrectomy machines marketplace during the forecast period.
- Lack of adequate healthcare facilities and a slow acceptance associated with medical technologies in developing regions may impede vitrectomy machines market expansion.
- The risks associated with vitrectomy are also negatively impacting on the vitrectomy machines marketplace.
- High cost of vitrectomy machines along with the uncertain reimbursement environment is likely to hamper sales in the market.
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Innovative vitrectomy devices with several features are being developed by the important players within vitrectomy devices market in order to treat vision diseases. For company growth, key competitors are focused on strategic initiatives such as partnerships, mergers, acquisitions, and the launch and commercialization of new products.
- In August 2021 , Alcon ( Switzerland ), the prominent producer of attention care solutions, entered into a partnership with Ivantis, the manufacturer of the novel Hydrus Microstent. This step will expand Alcon’s leading surgical portfolio and leverage the company’s commercial execution expertise.
- Within October 2021 , the NIDEK Experience Center was founded by NIDEK CO., LTD. ( Japan ). This center allows visitors to sample the newest NIDEK innovations and learn about them from experienced physicians, NIDEK specialists, and core engineers.
- In June 2021 , DORC introduced EVA EquiPhaco angled needles, with enhanced chamber stability and ultrasonic efficiency. The particular angled tip, with a 15° angle plus a small distal finish, increases mobility and reachability to lessen wound tension. EVA Phaco-Vitrectomy system uses the full selection of EquiPhaco tips.
- In November 2020 , Precision Lens and Leica Microsystems Inc. expanded their exclusive distribution partnership. Precision Lens operated as Leica’s channel partner in the particular Midwest to get ophthalmic surgical microscopes and digital imaging equipment.
Important Companies Profiled by Fact. MISTER
- Alcon, Inc.
- IRIDEX Corporation
- Leica Microsystems GmbH
- Lumenis Ltd.
- Optos Plc
- Synergetics, Incorporation.
- Topcon Company
- Bausch & Lomb Incorporated
- Carl Zeiss Meditec AG
More Valuable Insights upon Vitrectomy Machines Marketplace
In the most recent study, Truth. MR offers a detailed research on worldwide vitrectomy machines market for that forecast period of 2022 to 2027. This study also highlights crucial drivers promoting the sales of vitrectomy machines by means of detailed segmentation as follows:
Simply by Type:
- 1000 Revolutions
- 2500 Cycles
- Macular Hole
- Retinal Detachment
- Diabetic Retinopathy
- Vitreous Hemorrhage
- Other people
By End User:
- Ophthalmic Clinics
Simply by Region:
- United states
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Questions Covered in the Vitrectomy Devices Market Report
- What is the projected value associated with the vitrectomy machines market in 2022?
- At what rate may a global vitrectomy machines marketplace grow until 2027?
- Which are the factors hampering the development in the particular vitrectomy devices market?
- Which region will be expected to lead within the global vitrectomy machines market during 2022-2027?
- Which usually are the factors driving the vitrectomy machines market during the particular forecast time period?
- What is the anticipated market value of the vitrectomy machines marketplace during the forecast period?
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