Retinal Detachment Treatment Market is Expected to grow at a CAGR of 5.9% from 2017 to 2023

Pune, India, March, 2018/MRFR Press Release/- Market Research Future published a half-cooked research report on “Global Retinal detachment Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Neurovision Imaging, LLC (US), Peek Vision Ltd. (UK), Centervue SpA (Italy), Co:Lab Pensacola (US), Eyenuk Inc (US), HealPros, LLC (US), Carl Zeiss Meditec, Inc. (US), Imagine Eyes (France), Optos (UK), and others are some of the prominent players at the forefront of competition in the global retinal detachment market and are profiled in MRFR Analysis. 

Global Retinal Detachment Market - Overview

The term retinal detachment refers to a condition when the retina gets separates from the supporting layers. Such detachments are due to hole, retinal tear or break. This condition may lead to partial or even total blindness, subjected to the extent of detachment. It is severe condition which must be diagnosis at the earliest and treated. Blurred vision, partial vision loss, suddenly seeing many floaters, and others are some symptoms of this condition. It may affect people of any age group, but usually more common in the aging population aged from 60-70.

The incidence has averaged out with 10-15 number of detachment per 100,000 people. The rising prevalence of retinal detachment along with the changing technology are some important factor for the market growth. Innovation and gradual adoption of advanced products are supporting effective treatment of retinal detachment.

Hospitals are also rapidly adopting these devices as a part of their technology upgradation which is another key factor for the market growth. Increasing demand from emerging markets of Asia, Latin America, and Eastern Europe are providing fuel for the growth of the global retinal detachment market. The global retinal detachment market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Companies are developing and launching new innovative technologically advanced products for effective diagnostics and treatment are leading the market growth.

The global market for retinal detachment is anticipated to grow at a CAGR of approximately 5.9% over the forecast period from 2017-2023.

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Global Retinal Detachment Market -

Regional Analysis

The global retinal detachment market is segmented into five major regions including Americas, Europe, Asia Pacific, and Middle East and Africa region.

The Americas regions considered as the largest revenue generation in the global retinal detachment market owing to the factors such as rising investment in R&D as well as clinical trials, pharmaceutical companies implementing aggressive promotional strategies. Moreover factors such as increasing prevalence of various skin diseases is major driving force in the US retinal detachment market. This condition are more common in males than females. In the U.S., the prevalence of retinal detachment is around 8%. Usually, the age group of 18-44 are more susceptible for contracting this disease. Availability of skilled medical professionals, availability of top class healthcare facilities, well-educated patients and high income are a few important factors defining the Americas retinal detachment market.

The European market is the second largest market for retinal detachment. Moreover, every year on an average about 7,300 new cases are seen in UK for retinal detachment. Eastern European countries are also showing significant growth in this market. Patients from different European countries are travelling to Eastern European countries to get comparatively low cost treatments that boosting medical tourism in this region.

Furthermore, Asia Pacific region has emerged as the fastest growing market for retinal detachment owing to the rising healthcare expenditure and increasing awareness in this region. Moreover, the rapidly growing healthcare sector has resulted the key players on focusing for emerging economies as target population which include Asian and South American regions.

The Middle East and Africa region is anticipated to grow at a limited pace due to the slow adoption of new therapies and products, lack of awareness, and traditional healthcare practices. Developed Middle Eastern region is holding largest market share while Africa region is growing steadily.

Global Retinal Detachment Market - Competitive Analysis

Many domestic players are also holding small piece of market share by manufacturing products for particular segment. Top players are focusing on this region due to its rapid growth rate and they are investing large amount of money to expand their operations in this region.

Regions such as North America and Europe are accumulated with key players that are contributing to make these regions the top revenue making markets for owing to increasing healthcare expenditure, rapidly changing healthcare sector. Available treatments and rising awareness regarding this disorder are factors responsible for the market growth.

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