Retinal Surgery Devices Market by Equipment Type [Vitrectomy Packs, Retinal Laser Equipment, Surgical Instruments (Cannulas, Forceps, Cutters, Cryoprobes)] & Applications (Diabetic Retinopathy, Retinal Detachment) – Analysis & Forecast - 2020
The global retinal surgery market is expected to grow at a healthy CAGR for the forecast period, 2019-2020. Retinal surgery equipment caters to a vast range of applications in the management and treatment of the different retinal diseases such as diabetic retinopathy, macular hole, and macula pucker. Diabetic retinopathy is the most common diabetic eye disease and a leading cause of blindness in American adults. It is caused by changes in the blood vessels of the retina. The treatment of diabetic retinopathy, requires the use of retinal surgery devices. 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. The trend of growing aging world population is expected to boost the market, as this age group is more likely to contract eye related disorders.
The global retinal surgery market is segmented into three broad categories: by equipment, by applications, and by geography. Based on the type of equipment the retinal surgery devices market has been segmented into six major categories: vitrectomy machines, vitrectomy packs, retinal laser equipment, microscopic illumination equipment, surgical instruments and others. The applications market of the retinal surgery includes diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others.
Geographically, the global retinal surgery anti-snoring treatment market is segmented into North America, Europe, Asia and Rest of the World (RoW: Latin America, Pacific Countries, and Africa). The rising aging population in Asian countries such as Japan and Indonesia are expected to boost the growth for this market in Asia.
Some of the key players in this market are Alcon, Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), Carl Zeiss (Germany), Meditec AG (Germany), Topcon Corporation (Japan) Synergetics USA, Inc, (U.S.), NIDEK CO., LTD (Japan), Optos, PLC (U.K.), Lumenis (Israel), Leica Microsystems GMBH (Germany), IRIDEX Corporation (U.S.), and others.