Global Retinal Surgery Device Market Rises on Back of Increasing Aged Population Susceptible to Retinal Eye Diseases

Published Date : Feb 26, 2018

ALBANY, New York, February 26, 2018 - The global retinal surgery device market has been prognosticated to be valued at a US$3.0 bn by the completion of 2024, according to a report put on sale by The 85-page report has been titled as “Retinal Surgery Device Market, Global Forecast by Segments (Retinal Lasers, Vitrectomy Machines, Instruments & etc) Companies.” Retinal diseases have been observed to have commonly grown in emerging countries, whereas they have been studied to be a primary cause of blindness in developed economies. They have been studied to be a type of age-related macular degeneration (AMD). Since the retina center degenerates in AMD, people with the disease often lose their vision.

AMD, diabetic retinopathy, cataracts, glaucoma, and other age-related eye diseases have continually caused loss of vision completely or significantly in patients. The world retinal surgery device market has been foretold to make strong growth because of aggressively developing markets in the ophthalmic devices sector, aging population of baby boomers, and technological innovation. By segment, the market has been divided into light source, vitrectomy packs, cryosurgery, light pipes, hemostasis, retinal laser probes, tamponades, instruments, vitrectomy machines, and retinal lasers. Out of these, retinal lasers and vitrectomy machines have been predicted to showcase their prominence in the coming years.

The penetration of retinal surgery device has been foreseen to be bolstered with the increase in consistent approaches taken by healthcare institutions to improve vision. Vitrectomy packs have been projected to witness an increased adoption rate owing to certain factors such as application in combined retinal surgical, epiretinal membrane removal, vitreous removal in mobile retina, and posterior vitreous detachment procedures. These packs could also obtain demand on the back of associated benefits including optical magnification, sensitivity, and high portability. Moreover, they are researched to cause relatively less harm to areas surrounding the part intended for surgery.

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Vitrectomy packs could also help with a telling reduction in waste per surgery and expenses while assisting to attain high cost efficiency. They have been expected to help save on operating room startup time and achieve improved clarity. Diabetic retinopathy could be a lucrative application of the international retinal surgery device market because of the rising incidence of diabetes around the world. The market could enjoy a widened scope of growth due to the need to reduce high incidence levels and significant demand for laser protection devices and illumination equipment in treatments.

Regionally, North America could lay its hands on a dominating share in the international retinal surgery device market. This has been envisioned to be on account of the rising number of collaborations witnessed in the region that are aimed at the enlargement of a new generation of products. The assurance of high medical standards and patient safety with the implementation of strict reimbursement and regulatory framework could augment market demand in the coming years. Furthermore, the rising count of obese people vulnerable to diabetes and related eye complications have been projected to boost the growth of North America.

Other factors that could contribute toward the market growth in North America are the rising trend of minimally invasive procedures and consequently increasing inclination toward the adoption of retinal surgery devices. The report has covered several players of the international retinal surgery device market, including Iridex Corporation, Valeant Pharmaceuticals International, Inc., Topcon Corporation, Carl Zeiss, and Alcon Laboratories, Inc.

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