Growing technological progress and increasing numbers of applications of surgical instruments are some of the major factors driving the growth of this market. Growing instances of ophthalmic and retinal disorders in geriatric population, eye injuries and increasing prevalence of diabetes are also accelerating the growth of the global retinal surgery devices market. Conversely, high costs of surgery equipment are restraining the adoption of advanced surgical devices into the common practice. However, as the footprint of new surgical establishments is increasing in the emerging economies, uptake of new devices shall be instrumental in sustaining the global market growth. Another prominent factor supporting this market is the collection of major advantages such as minimally invasive procedures, lesser pain, reduced scarring and quick recovery period with lower procedure and management costs.

Vitrectomy packs to hold the prominent market share

In terms of device types, this market is categorized into vitrectomy machines, vitrectomy packs, microscopic illumination equipment, retinal laser equipment, retinal tamponades and sclera buckles, and surgical instruments. Of these device types, vitrectomy packs hold the largest revenue in the global market and is anticipated to retain its dominance through the forecast period. Imperative nature of these products during retinal surgeries, easy accessibility and usage prowess across several procedures are the prime aspects of this segment. Other characteristic benefits acquired from using vitrectomy packs are reduced procedure time while maintaining sterile conditions with the use of single-use instruments included in the packs.  

High demand anticipated for devices for treating retinal detachment

Currently, retinal surgery devices are mainly consumed in the treatment of diabetic retinopathy. High prevalence of diabetes worldwide and growing incidence of related complications such as diabetic retinopathy are driving more and more patients to seek for surgical treatments for diabetic retinopathy. This segment shall be witnessing upswing in terms of market penetration in emerging markets of China and India, as the patient pool of diabetic retinopathy is consistently growing in this region. On the other hand. Retinal detachment is expected to be the fastest growing segment during the forecast period. Prominent factors supporting the growth of retinal detachment surgical devices market are growing senescent population, and emergence of severe conditions leading to formation of scar tissue, retinal tear and so on. Moreover, growing clinical evidence establishing the benefits of surgeries for treatment of retinal detachment are also supporting the growth of this market.

Hospitals spearhead the overall market for retinal surgery devices

Hospitals are the largest revenue generating segment in the global retinal surgery devices market. Greater patient footfall is among the most important factors attributed to the commanding hold of this segment. This leads hospitals to have greater affordability to advanced surgical solutions, better operational efficiencies, and improved treatment outcomes to the patients and so on. Furthermore, as the variety of patients coming to hospitals also makes it vital for the hospitals use retinal surgery devices. Decentralization of hospital operations and increasing initiatives by governments has led to growing footprint of ophthalmology clinics worldwide. This is observed not just to contain the procedure costs, while also allot convenience to patients located remotely.

Larger incidence of ophthalmic conditions to support dominance of North America market

In the base year 2017, North America is observed to be the largest regional market of retinal surgery devices. Growing prevalence of ophthalmologic diseases in geriatric population and high prevalence of diabetic retinopathy.  In the US alone about one in three diabetic patients have diabetic retinopathy. Technological evolution in the field of minimally invasive and microscopic surgeries and corresponding growth in awareness are leading more and more patients to opt for surgical measures to treat retinal diseases. Additionally, Asia Pacific is expected to record the highest market growth during the forecast period. Large population, consistently increasing prevalence of diabetes, improving healthcare infrastructure and healthcare expenditure are the key drivers of Asia Pacific market.

This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Alcon (Novartis AG), Bausch & Lomb Incorporated, Carl Zeiss AG, Ellex Medical Lasers, Escalon Medical Corp., ERBE Elektromedizin GmbH, IRIDEX Corporation, Topcon Corporation, Second Sight Medical Products, Inc. and Leica Microsystems GmbH.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Retinal Surgery Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Retinal Surgery Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Retinal Surgery Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Retinal Surgery Devices market?
• Which is the largest regional market for Retinal Surgery Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Retinal Surgery Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Retinal Surgery Devices market worldwide?