The global retinal surgery devices market is likely to exceed US$ 3 Billion by 2025, almost double from its level in 2017. Various retinal surgery devices segment such as vitrectomy packs, retinal laser equipment, vitrectomy machines, surgical instruments, Tamponades and others are used for the treatment of retinal diseases such as diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole and others. The global retinal surgery devices market is mainly driven by rise in the geriatric population globally coupled with the growing number of eye disorder, increase in diabetic patient pool, consistent efforts by healthcare organizations, low treatment adherence and compliance to conventional therapeutics and a high demand for retinal surgery devices compatible with minimally invasive procedures. In addition, the technological advancements will further help the market to grow at a substantial rate during the forecast period. However, the high cost of retinal eye surgery devices and dearth of skilled professionals with expertise in ophthalmic surgery are major restraints that may limit the growth of the market.
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Global Retinal Surgery Devices Market & Forecast – By Segment
Among the devices segment, vitrectomy packs accounts for largest share of the global retinal surgery devices market.
Retinal lasers device segment captured second highest share of the global retinal surgery devices market in 2017, being followed by vitrectomy machines.
The global retinal surgery instruments segment is anticipated to capture over 15% share of the market by 2025.
Global Retinal Surgery Devices Market & Forecast – By Application
The diabetic retinopathy application segment accounted for largest share of the retinal surgery devices market.
The retinal detachment application segment is expected to lead the market during the forecast period.
Macular Hole captured least share of the retinal surgery devices market.
Global Retinal Surgery Devices Market & Forecast – By Region
North America is the largest regional market for retinal surgery devices, followed by Europe.
Asia Pacific is likely to witness the fastest growth in retinal surgery devices market during the forecast period 2018 – 2025.
Latin America and Middle East and Africa are competing closely to grab maximum share of the retinal surgery devices market.