Global Retinal Surgery Device Market to Surpass US$ 3 Billion in Revenues by 2024

Published on : Feb 15, 2018

Albany, New York, February 15, 2018: The global retinal surgery device market is projected to reach a valuation of over US$ 3 billion by the end of 2024. The demand for retinal surgery devices is likely to be driven by a range of macroeconomic and niche factors. Increase in geriatric population, combined with advancement in device effectiveness are the key factors that are likely to boost adoption among end-users. These insights are according to a new market research study titled “Retinal Surgery Device Market, Global Forecast by Segments (Retinal Lasers, Vitrectomy Machines, Instruments & etc) Companies” that has been added to the vast database of Market Research Hub (MRH).

According to the report, retinal ailments are the leading cause of blindness around the world. Age-related macular degeneration impacts the retina, causing a number of problems related to vision and other eye problems. Effective treatment involves therapeutic and surgical intervention, with the latter necessitating the use of retinal surgery devices. As developing countries, such as China and India revamp their healthcare infrastructure and broader policies surrounding affordable care, the demand for healthcare equipment and services is likely to gain traction. The broader developments in the healthcare infrastructure growth are also likely to rub off on the prospects of retinal surgery device market throughout the assessment period.

In addition to government support for healthcare development, the global retinal surgery device market is also positively influenced by growing geriatric population in key countries. The US, Japan, and many European countries have a significant geriatric population, and spending by this demographic on quality care has witnessed a growth in the last decade or so. As geriatric population around the world is increasing at a steady clip, and macular eye degradation is a pervasive issues among this population segment, the demand for retinal surgery devices is projected to grow during the assessment period.

In a bid to give readers detailed insights on the market, the report offers detailed and lucid segmentation. The retinal surgery device market has been segmented into vitrectomy machines, light pipes, retinal lasers, cryosurgery, tamponades, light source, hemostasis, and instruments. Among these, demand for retinal lasers and vitrectomy remains the highest, and these two segments are likely to account for leading revenue share in the retinal surgery device market.

The report also includes a detailed competitive landscape that highlights the leading players in the retinal surgery device market. Some of the players profiled in the report include Alcon Laboratories, Inc., Ellex Medical Lasers, Second Sight Medical Products Inc., Valeant Pharmaceuticals International, Inc., Topcon Corporation, Carl Zeiss, Escalon Medical, and Iridex Corporation. These companies have been analyzed on the basis of business strategy, company sales, and mergers & acquisitions.

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