Retinal Surgery Devices Market Size, Share, Growth Report 2030

Retinal Surgery Devices Market Size Overview     

The global Retinal Surgery Devices market accounted for USD 2.0 Billion in 2020 and is expected to reach USD 4.0 Billion by 2028, growing at a CAGR of around 8.7% between 2021 and 2028.      

The human eye is one of the most vital sensory organs of human body. Any damage of infection to human eye needs be treated with utmost care and precaution. Various type of retinal surgery devices such as retinal laser equipment, microscopic illumination equipment, vitrectomy packs, vitrectomy machines, surgical instruments and others are used for the treatment of retinal diseases such as macula pucker, diabetic retinopathy, macular hole and others. Changing lifestyle and increase in a number of the elderly population has resulted in an increase in the number of retinal surgery performed globally with in turn has boosted the demand for retinal surgery devices market.

COVID-19 Impact Analysis  

The global Retinal Surgery Devices market has witnessed a slight decline during the pandemic. This is mainly attributed to the fact that the COVID-19 pandemic situation has led to the shortage of hospital beds, oxygen, medicines, and medical equipment, following the exponential rise in covid-19 cases. The rising difficulty in health care delivery is thus prominent factor hampered the growth of the market in 2020.

However, the market would remain bullish in upcoming year.  The growth of the global Retinal Surgery Devices market size is estimated on the basis of the COVID-19 outbreak. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

Global retinal surgery devices market is primarily driven by an increase in elderly population across the globe. Another major driving factor for retinal surgery devices market is increasing life expectancy coupled along with technological advancements in the field of ophthalmic surgery such as LED virtual retina displays. However, the high price of retinal eye surgery devices is a major restraint that may limit the growth of the market. Nonetheless emerging economies such as India and China is likely to disclose the new avenues for retinal surgery devices market in the near future.

Report Scope:  

Segment Analysis Preview  

The retinal surgery devices market is segmented on the basis of different products including retinal laser equipment, microscopic illumination equipment, vitrectomy packs, vitrectomy machines, surgical instruments and others. In 2020, vitrectomy packs were the largest segment in retinal surgery devices market and accounted for largest share of the total market. Additionally, it is expected to continue its dominance and be the fastest growing segment in the global market over the forecast period. Vitrectomy packs have resulted in the increase in time saving during and after the retinal surgery procedure which is the prime reason for the growth of this segment.

Epiretinal membrane, diabetic retinopathy, retinal detachment, macular hole and others are the key application of the global retinal surgery devices market. The diabetic retinopathy application segment dominated the market in terms of revenue retinal detachment and diabetic retinopathy segment is likely to have a significant growth within the forecast period.

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Regional Analysis Preview  

North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional segments of the global retinal surgery devices market. North America is expected to remain the dominant region over the forecast period in 2020. Demand for retinal surgery devices was highest in Asia-Pacific. Hence, Asia Pacific is expected to be the fastest growing region in retinal surgery devices market during the forecast period. Europe is expected to have the moderate growth rate for this market during the forecast period.

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Key Market Players & Competitive Landscape

Some of the major players of the global Retinal Surgery Devices market include Carl Zeiss Meditec AG, Leica Microsystems, IRIDEX Corporation, Synergetics, Inc., Topcon Corporation, Optos plc., Bausch + Lomb Incorporated, Alcon, Inc., ASICO, Dover NiDEK CO., Ltd., and Lumenis among others.

The global Retinal Surgery Devices Market is segmented as follows:

By Products

• Retinal Laser Equipment
• Microscopic Illumination Equipment
• Vitrectomy Packs
• Vitrectomy Machines
• Surgical Instruments
• Others

By Application

• Epiretinal Membrane
• Diabetic Retinopathy
• Retinal Detachment
• Macular Hole
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa