The global retinal surgery devices market is predicted to reach US$ 3.7 Billion by 2027. Retinal surgery device caters to a vast range of applications in the management and treatment of the different retinal diseases such as diabetic retinopathy, macular hole, retinal detachment, and others. Diabetic retinopathy is the most common diabetic eye disease and a leading cause of blindness in American adults. The 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 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 in this field are providing efficient treatment platforms for the different retinal diseases. One such advancement is the use of minimally invasive surgical instruments. Lesser pain, quicker recovery, and minor scarring are the advantages offered by the use of minimally invasive surgical instruments. However, the high cost of retinal eye surgery devices and dearth of skilled professionals with expertise in ophthalmic surgery are major restraints that restricts the growth of the market.
Impact of COVID -19 on Global Retinal Surgery Devices Market
The COVID- 19 outbreak has become a global stress test. The disease has infected around 596.2 million people worldwide. Globally the death toll has reached 6,456,879 according to the latest statistics from the Worldometers (as of August 16, 2022). The number is still growing, and the duration of the pandemic is still difficult to predict. The COVID- 19 pandemic has restricted the growth of the retinal surgery devices market, primarily in Europe, Asia and the U.S., by social restrictions and other precautionary measures taken in response to the COVID-19 pandemic. However, as governments began lifting social restrictions, the negative trend in the revenues of these businesses began to level off and stabilize prior to the third quarter of 2020. In the years to come, ophthalmologists are likely to witness an increase in influx of patients, hence driving the retinal surgery devices market.
Global Retinal Surgery Devices Market - Recent Developments
- In January 2022, Alcon completed the acquisition of Ivantis, developer and manufacturer of the novel Hydrus Microstent, a minimally-invasive glaucoma surgery (MIGS) device.
- In April 2022, Carl Zeiss Meditec announced the acquisition of two manufacturers of surgical instruments (Kogent Surgical, LLC and Katalyst Surgical, LLC) to further strengthen its positioning as a solution provider.
- In April 2021, Bausch + Lomb announced that the U.S. Food and Drug Administration (FDA) has approved ClearVisc dispersive ophthalmic viscosurgical device (OVD) for use in ophthalmic surgery.
By Segment - Global Retinal Surgery Devices Market & Forecast
- Among the device types, vitrectomy packs segment accounts for the largest revenue share in the global retinal surgery devices market. Factors that contribute to the high growth of vitrectomy packs segment are: high adoption rate for vitrectomy packs in wide array of applications such as in posterior vitreous detachment, vitreous removal in mobile retina, epiretinal membrane removal, and combined retinal surgical procedures. Additionally, factors such as increased time saving during and after the retinal surgery procedure by cutting back on the preparation time and the growing demand for single-use sterile packs of surgical instruments in order to cut costs through better inventory management are likely to fuel the market.
- Vitrectomy machines segment captured second highest share of the global retinal surgery devices market in 2021, being followed by Retinal lasers device segment.
- The global market for tamponades is driven by the increasing incidence of retinal detachment, diabetic retinopathy, macular pucker, and other retinal disorders.
By Application - Global Retinal Surgery Devices Market & Forecast
- The diabetic retinopathy application segment dominates the retinal surgery devices market. Diabetic retinopathy is the most common diabetic eye disease and a leading cause of blindness in American adults. Diabetic retinopathy impacts nearly 7.7 million Americans and the number is likely to reach 11.3 million by 2030.
- The retinal detachment application segment is anticipated to grow at the highest pace during the forecast period. The average number of detachment incidence is 10- 15 per 100,000 people.
- Macular Hole captured least share of the retinal surgery devices market.
By Region - Retinal Surgery Devices Market & Forecast
- North America captures largest share of the retinal surgery devices market, followed by Europe. North America is expected to hold a major market share in the global retinal surgery devices market due to rising prevalence of retinal disorders in geriatric population and high prevalence of diabetic retinopathy in this region. According to the National Eye Institute, diabetic retinopathy impacts nearly 7.7 million Americans and the number is expected to reach 11.3 million by 2030.
- Asia Pacific is predicted to witness the fastest market growth during the forecast period 2022 - 2027.
- Latin America and Middle East and Africa are competing closely to grab maximum share of the retinal surgery devices market.
iGATE RESEARCH report titled "Global Retinal Surgery Devices Market (By Device Segment, Application, Regional Analysis), Impact of COVID-19, Company Profiles, Major Deals, Strategy and Recent Developments - Forecast to 2027" provides a comprehensive assessment of the fast- evolving, high- growth Retinal Surgery Market.
This 228 Pages report with 64 Figures and 7 Tables has been analyzed from 8 viewpoints:
1. Global Retinal Surgery Devices Market & Forecast (2012 - 2027)
2. Impact of COVID-19 on Global Retinal Surgery Devices Market
3. Global Number of Persons Affected by Retinal Diseases (2015 - 2027)
4. Global Retinal Surgery Devices Market & Forecast - By Segment (2012- 2027)
5. Global Retinal Surgery Devices Market & Forecast - By Application (2012 - 2027)
6. Global Retinal Surgery Devices Market & Forecast - By Region (2013 - 2027)
7. Global Retinal Surgery Devices Market - Company Profiles, Major Deals, Strategy, Recent Developments
8. Global Retinal Surgery Devices Market - Growth Drivers and Challenges
By Segment - Global Retinal Surgery Devices Market & Forecast
1. Vitrectomy Packs
2. Retinal Lasers
3. Vitrectomy Machines
4. Instruments
5. Temponades
6. Retinal Laser Probes
7. Cryosurgery Devices
8. Hemostasis
9. Light Pipes
10. Light Source & Others
By Application - Global Retinal Surgery Devices Market & Forecast
1. Diabetic Retinopathy
2. Retinal Detachment
3. Epiretinal Membrane
4. Macular Hole
5. Others
By Geography - Global Retinal Surgery Devices Market & Forecast
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
6. Rest of The World
Global Retinal Surgery Devices Market - Company Profiles
1. Alcon, Inc.
2. Carl Zeiss Meditec AG
3. Topcon Corporation
4. Bausch Health Companies Inc. (Formerly Valeant Pharmaceuticals International, Inc.)
5. Iridex Corporation
6. Ellex Medical Lasers
7. Escalon Medical
8. Second Sight Medical Products Inc.
9. Lumenis
10. Optos, plc
11. Nidek Co., Ltd.
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non- printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
Table of Contents
1. Executive Summary
2. Impact of COVID- 19 on Global Retinal Surgery Devices Market
3. Global Retinal Surgery Devices Market & Forecast (2012 - 2027)
4. Global Number of Persons Affected by Retinal Diseases (2015 - 2027)
5. Global Retinal Surgery Devices Market Share & Forecast
5.1 By Segment - Global Retinal Surgery Devices Market Share & Forecast (2012 - 2027)
5.2 By Application - Global Retinal Surgery Devices Market Share & Forecast (2012 - 2027)
5.3 By Region - Global Retinal Surgery Devices Market Share & Forecast (2013 - 2027)
6. Global Retinal Surgery Devices Market & Forecast - By Segment (2012 - 2027)
6.1 Global - Vitrectomy Packs Market & Forecast
6.2 Global - Retinal Lasers Market & Forecast
6.3 Global - Vitrectomy Machines Market & Forecast
6.4 Global - Instruments Market & Forecast
6.5 Global - Tamponades Market & Forecast
6.6 Global - Retinal Laser Probes Market & Forecast
6.7 Global - Cryosurgery Devices Market & Forecast
6.8 Global - Hemostasis Market & Forecast
6.9 Global - Light Pipes Market & Forecast
6.10 Global - Light Source & Others Market & Forecast
7. Global Retinal Surgery Devices Market & Forecast - By Application (2012 - 2027)
7.1 Global - Retinal Surgery Devices Market Revenue in Diabetic Retinopathy
7.2 Global - Retinal Surgery Devices Market Revenue in Retinal Detachment
7.3 Global - Retinal Surgery Devices Market Revenue in Epiretinal Membrane
7.4 Global - Retinal Surgery Devices Market Revenue in Macular Hole
7.5 Global - Retinal Surgery Devices Market Revenue in Other Applications
8. Global Retinal Surgery Devices Market & Forecast - By Region (2013 - 2027)
8.1 North America - Retinal Surgery Devices Market & Forecast
8.2 Europe - Retinal Surgery Devices Market & Forecast
8.3 Asia Pacific - Retinal Surgery Devices Market & Forecast
8.4 Latin America - Retinal Surgery Devices Market & Forecast
8.5 Middle East and Africa - Retinal Surgery Devices Market & Forecast
8.6 Rest of The World - Retinal Surgery Devices Market & Forecast
9. Global Retinal Surgery Devices Market - Company Profiles
9.1 Alcon, Inc.
9.1.1 Company Overview
9.1.2 Major Deals
9.1.3 Strategy
9.1.4 Recent Developments
9.1.5 Company Sales and Forecast
9.2 Carl Zeiss Meditec AG
9.2.1 Company Overview
9.2.2 Major Deals
9.2.3 Strategy
9.2.4 Recent Developments
9.2.5 Company Sales and Forecast
9.3 Topcon Corporation
9.3.1 Company Overview
9.3.2 Major Deals
9.3.3 Strategy
9.3.4 Recent Developments
9.3.5 Company Sales and Forecast
9.4 Bausch Health Companies Inc. (Formerly Valeant Pharmaceuticals International, Inc.)
9.4.1 Company Overview
9.4.2 Major Deals
9.4.3 Strategy
9.4.4 Recent Developments
9.4.5 Company Sales and Forecast
9.5 Iridex Corporation
9.5.1 Company Overview
9.5.2 Strategy
9.5.3 Recent Developments
9.5.4 Company Sales and Forecast
9.6 Ellex Medical Lasers (Acquired by Quantel Medical)
9.6.1 Company Overview
9.6.2 Major Deals
9.6.3 Recent Developments
9.6.4 Company Sales and Forecast
9.7 Escalon Medical
9.7.1 Company Overview
9.7.2 Major Deals
9.7.3 Strategy
9.7.4 Recent Developments
9.7.5 Company Sales and Forecast
9.8 Second Sight Medical Products Inc.
9.8.1 Company Overview
9.8.2 Strategy
9.8.3 Recent Developments
9.8.4 Company Sales and Forecast
9.9 Lumenis
9.9.1 Company Overview
9.9.2 Major Deals
9.9.3 Recent Developments
9.9.4 Company Sales and Forecast
9.10 Nidek Co., Ltd.
9.10.1 Company Overview
9.10.2 Recent Developments
9.10.3 Company Sales and Forecast
9.11 Optos, plc
9.11.1 Company Overview
9.11.2 Major Deals
9.11.3 Recent Developments
9.11.4 Company Sales
10. Global Retinal Surgery Devices Market - Market Drivers
10.1 Technologically Advanced Retinal Surgery Devices Allow Effective Surgeries
10.2 Consistent Efforts by Healthcare Organizations to Fuel Retinal Surgery Devices Market
10.3 Increasing Incidence of Diabetes Globally Drives Demand for Retinal Surgery Devices
10.4 Upsurge in The Geriatric Population Base Favors Market Growth
10.5 Increasing Incidence of Eye Diseases Across the Globe Fuels Market Growth
11. Global Retinal Surgery Devices Market - Challenges
11.1 High Price Factor of Retinal Surgery Devices
11.2 Dearth of Skilled Professionals with Expertise in Ophthalmic Surgery
List of Tables:
Table 5-1: By Segment - Global Retinal Surgery Devices Market Share (Percent), 2012 - 2021
Table 5-2: By Segment - Forecast for Global Retinal Surgery Devices Market Share (Percent), 2022 - 2027
Table 5-3: By Application - Global Retinal Surgery Devices Market Share (Percent), 2012 - 2021
Table 5-4: By Application - Forecast for Global Retinal Surgery Devices Market Share (Percent), 2022 - 2027
Table 5-5: By Region - Global Retinal Surgery Devices Market Share (Percent), 2013 - 2021
Table 5-6: By Region - Forecast for Global Retinal Surgery Devices Market Share (Percent), 2022 - 2027
Table 9-1: Bausch Health Companies Inc (Valeant Pharmaceuticals International, Inc.) - Major Acquisitions
List of Figures:
Figure 3-1: Global - Retinal Surgery Devices Market (Million US$), 2012 - 2021
Figure 3-2: Global - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 4-1: Global - Number of Persons Affected by Retinal Diseases (Million), 2015 - 2021
Figure 4-2: Global - Forecast for Number of Persons Affected by Retinal Diseases (Million), 2022 - 2027
Figure 6-1: Global - Vitrectomy Packs Market (Million US$), 2012 - 2021
Figure 6-2: Global - Forecast for Vitrectomy Packs Market (Million US$), 2022 - 2027
Figure 6-3: Global - Retinal Lasers Market (Million US$), 2012 - 2021
Figure 6-4: Global - Forecast for Retinal Lasers Market (Million US$), 2022 - 2027
Figure 6-5: Global - Vitrectomy Machines Market (Million US$), 2012 - 2021
Figure 6-6: Global - Forecast for Vitrectomy Machines Market (Million US$), 2022 - 2027
Figure 6-7: Global - Instruments Market (Million US$), 2012 - 2021
Figure 6-8: Global - Forecast for Instruments Market (Million US$), 2022 - 2027
Figure 6-9: Global - Tamponades Market (Million US$), 2012 - 2021
Figure 6-10: Global - Forecast for Tamponades Market (Million US$), 2022 - 2027
Figure 6-11: Global - Retinal Laser Probes Market (Million US$), 2012 - 2021
Figure 6-12: Global - Forecast for Retinal Laser Probes Market (Million US$), 2022 - 2027
Figure 6-13: Global - Cryosurgery Devices Market (Million US$), 2012 - 2021
Figure 6-14: Global - Forecast for Cryosurgery Devices Market (Million US$), 2022 - 2027
Figure 6-15: Global - Hemostasis Market (Million US$), 2012 - 2021
Figure 6-16: Global - Forecast for Hemostasis Market (Million US$), 2022 - 2027
Figure 6-17: Global - Light Pipes Market (Million US$), 2012 - 2021
Figure 6-18: Global - Forecast for Light Pipes Market (Million US$), 2022 - 2027
Figure 6-19: Global - Light Source & Others Market (Million US$), 2012 - 2021
Figure 6-20: Global - Forecast for Light Source & Others Market (Million US$), 2022 - 2027
Figure 7-1: Global - Retinal Surgery Devices Market Revenue in Diabetic Retinopathy (Million US$), 2012 - 2021
Figure 7-2: Global - Forecast for Retinal Surgery Devices Market Revenue in Diabetic Retinopathy (Million US$), 2022 - 2027
Figure 7-3: Global - Retinal Surgery Devices Market Revenue in Retinal Detachment (Million US$), 2012 - 2021
Figure 7-4: Global - Forecast for Retinal Surgery Devices Market Revenue in Retinal Detachment (Million US$), 2022 - 2027
Figure 7-5: Global - Retinal Surgery Devices Market Revenue in Epiretinal Membrane (Million US$), 2012 - 2021
Figure 7-6: Global - Forecast for Retinal Surgery Devices Market Revenue in Epiretinal Membrane (Million US$), 2022 - 2027
Figure 7-7: Global - Retinal Surgery Devices Market Revenue in Macular Hole (Million US$), 2012 - 2021
Figure 7-8: Global - Forecast for Retinal Surgery Devices Market Revenue in Macular Hole (Million US$), 2022 - 2027
Figure 7-9: Global - Retinal Surgery Devices Market Revenue in Other Applications (Million US$), 2012 - 2021
Figure 7-10: Global - Forecast for Retinal Surgery Devices Market Revenue in Other Applications (Million US$), 2022 - 2027
Figure 8-1: North America - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-2: North America - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 8-3: Europe - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-4: Europe - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 8-5: Asia Pacific - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-6: Asia Pacific - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 8-7: Latin America - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-8: Latin America - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 8-9: Middle East and Africa - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-10: Middle East and Africa - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 8-11: Rest of The World - Retinal Surgery Devices Market (Million US$), 2013 - 2021
Figure 8-12: Rest of The World - Forecast for Retinal Surgery Devices Market (Million US$), 2022 - 2027
Figure 9-1: Alcon - Surgical & Vision Care Sales (Million US$), 2012 - 2021
Figure 9-2: Alcon - Forecast for Surgical & Vision Care Sales (Million US$), 2022 - 2027
Figure 9-3: Carl Zeiss Meditec AG - Ophthalmic Systems & Surgical Ophthalmology Sales (Million US$), 2015 - 2021
Figure 9-4: Carl Zeiss Meditec AG - Forecast for Ophthalmic Systems & Surgical Ophthalmology Sales (Million US$), 2022 - 2027
Figure 9-5: Topcon Corporation - Eye Care Products Sales (Million US$), 2012 - 2021
Figure 9-6: Topcon Corporation - Forecast for Eye Care Products Sales (Million US$), 2022 - 2027
Figure 9-7: Bausch Health Companies Inc. - Bausch + Lomb Segment Sales (Million US$), 2019 - 2021
Figure 9-8: Bausch Health Companies Inc. - Forecast for Bausch + Lomb/International Segment Sales (Million US$), 2022 - 2027
Figure 9-9: Iridex Corporation - Global Sales (Million US$), 2012 - 2021
Figure 9-10: Iridex Corporation - Forecast for Global Sales (Million US$), 2022 - 2027
Figure 9-11: Ellex Medical Lasers - Global Sales (Million US$), 2012 - 2019
Figure 9-12: Escalon Medical Corp. - Global Sales (Million US$), 2012 - 2021
Figure 9-13: Escalon Medical Corp. - Forecast for Global Sales (Million US$), 2022 - 2027
Figure 9-14: Second Sight Medical Products, Inc. - Global Sales (Million US$), 2012 - 2019
Figure 9-15: Lumenis Ltd. - Ophthalmic Business Segment Sales (Million US$), 2011 - 2014
Figure 9-16: NIDEK CO., LTD. - Ophthalmic Medical Technology Sales (Million US$), 2016 - 2021
Figure 9-17: NIDEK CO., LTD. - Forecast for Ophthalmic Medical Technology Sales (Million US$), 2022 - 2027
Figure 9-18: Optos plc. - Global Sales (Million US$), 2011 - 2014
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