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The Vitrectomy Devices market is witnessing noteworthy patterns occasioned by advancements in ophthalmic surgical techniques as well as the increased incidence of retinal disorders. By removing the vitreous humor, which is a gel-like substance inside the eyes, in order to correct different retinal conditions; vitrectomy is a surgery. Technological innovation in vitrectomy devices has been one key trend in this market. This enhances efficiency and safety of vitrectomy surgeries as smaller, precise and feature-rich devices are developed. These surgical outcome improvements include better visualization systems for surgeons, high-speed cutters and advanced illumination technologies.
This leads to an increasing demand for vitrectomy procedures due to the aging global population that has witnessed more diabetic retinopathy and age-related macular degeneration cases among others. A growing number of chronic diseases involving the eye increases the requirement for vitrectomy devices that can deal with many retinal concerns. Henceforth this demographic pattern has been indicated as one crucial aspect contributing to an expanding market of such devices since there are many people seeking treatment for retina problems.
Customization and modularity are emerging trends within the vitrectomy devices market. Modular systems in a vitrectomy allow surgeons to customize their theater set-up accommodating different procedures or suiting individual patients’ needs (Darren). It therefore shows that there’s an increasing need for versatile and flexible equipment that can be utilized amidst changing dynamics of ophthalmic surgery.
The vitrectomy devices market is being shaped by integrated advanced visualization technologies . Cutting-edge modern day Vitrectomy machines now have features like 3D high-resolution imaging systems and heads up displays (HUD). These technologies enable surgeons see deeper into the eye area during operations thereby making their interventions more accurate. Additionally aided by augmented reality (AR) coupled with digital visualization tools suggests further advancement towards futuristic Vitroctemy methods.
The market is being stimulated by the increasing number of collaborations and partnerships between healthcare institutions, research organizations, and vitrectomy device manufacturers. These collaborations bring together clinical expertise and technological advancements to develop state-of-the art vitrectomy devices. This cooperation between research entities and industry players has led to the development of new devices that meet unmet needs in retina surgery; hence benefiting both patients and surgeons.
The rise of minimally invasive surgeries is influencing the vitrectomy devices market. This demand for vitrectomy devices that support minimally invasive approaches is fuelled by a desire among surgeons and patients for procedures with shorter recovery times and fewer complications. In order to minimize invasiveness, surgeons have been using smaller incisions such as micro-incision vitrectomy systems, sutures-less techniques, smaller gauge instruments among other innovations.
International regulatory initiatives as well as standards are shaping the landscape of the vitrectomy devices market. Regulations bodies are putting in place guidelines aimed at ensuring safety and efficacy of vitrectomy devices, thus meeting quality assurance requirements (Trivedi et.al). Henceforth adherence to these requirements remains a critical success factor for any player in this market as it influences product developments as well as market accessability.
Emerging economies have been adopting vitrectomy devices. Vitrectomy surgeries are sought by patients in these areas as healthcare infrastructure improves and advanced ophthalmic treatments are learned. Manufacturers expand their presence in emerging markets, provide training programs, and collaborate with local healthcare providers to enhance the adoption of vitrectomy devices.
Vitrectomy Devices Market Highlights:
Global Vitrectomy Devices Market Overview
The Vitrectomy Devices Market Size was valued at USD 8.85 Billion in 2023. The Global Vitrectomy Devices industry is projected to grow from USD 9.40 Billion in 2024 to USD 15.36 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.88% during the forecast period (2024 - 2032). Vitrectomy devices are essential medical accessories and tools required for vitrectomy. A vitrectomy is a type of eye surgery that treats different conditions related to vitreous and retina. The major signs and symptoms of eye problems are seeing floating cobwebs or specks, distorted or blurred vision, faults in the side vision, and lost vision. The surgery is done to remove and replace the vitreous with another solution. Vitreous is a gel-type of substance, which is filled in the middle of the eye. To certify, the surgery is concluded with safety and ideal results, particular vitrectomy surgery equipment, such as vitrectomy supplies and systems, are used. The commonly used vitrectomy devices are vitrectomy machines, tamponades, scissors, light pipes, probes, and lasers.
The advanced vitrectomy techniques offer the latest technological advancements and high performance to enable surgeons are to provide the optimal care for the patients. The technique is also used to avoid traction in retinal detachment. This causes smoothening of the procedure for different ophthalmic surgeries also prevents detachment of the retina anymore. Moreover, vitrectomy allows restoring of the vision loss due to the vitreous humor bleeding. The growing number of cases of retinal damage and eye problems due to the rising geriatric population is one of the key factors attributing to the market growth. As per National Institute on Aging (NIA), the old-aged people numbers are anticipated to achieve 72 million by 2030, which will drive ophthalmic disorders. Furthermore, rising cases of hospital admissions for retinal surgeries such as vitrectomy is estimated to propel the market growth.
COVID-19 Analysis
The occurrence of the pandemic has impacted people across the globe and caused in the shutdown of operational facilities worldwide. The healthcare industry is facing exceptional encounters during the lockdown phase. The manufacturing units were shut down, which also affected the production of medical products. The supply chain of the medical products was also affected, leading to the decrease in warehouse inventory of the manufactured products.
COVID-19 negatively impacted the global vitrectomy devices market owing to the reduced medical setting visits of ophthalmic care hospitals to prevent the prevalence of infection. Furthermore, patients suffering with COVID-19 have to witness ophthalmic problems such as conjunctivitis that is responsible for the restriction of the medical professionals to operate the ophthalmic surgeries. The introduction of guidelines by the government to provide effective and constant medical care along with ophthalmology is expected to propel the market growth during the forecast period.
In March 2024, ABVC BioPharma, Inc., a biopharmaceutical company focused on developing treatments for eye diseases, central nervous system disorders, and cancer/blood disorders, announced that both the company and its subsidiary, BioFirst Corporation, have entered into a worldwide licensing agreement with ForSeeCon Eye Corporation (FEYE) for ABVC's Ophthalmology pipeline. This pipeline includes the medical device Vitargus®, which has been valued at $187 million by a third-party evaluator. This license will encompass the clinical trial, registration, manufacturing, supply, and distribution rights of the Licensed Products. Under the terms of the newly established licensing agreement, ABVC will maintain its role as the research and development partner of ForSeeCon, focusing on the exploration of novel avenues for ophthalmic product development. Our platform is committed to presenting the highest quality eyecare, ranging from improved vitreous replacements to a variety of eyecare items.
Vitrectomy Devices Market Trends
Drivers
- Increasing prevalence of diabetes
- The high prevalence of diabetes has resulted in an increased number of cases of diabetic retinopathy. It is a condition that occurs due to damage to the retina's blood vessels of people with diabetes. People with diabetes type 1 or type 2 are more susceptible to developing diabetic retinopathy. There are two types of diabetic retinopathy Nonproliferative Diabetic Retinopathy (NPDR) and Proliferative Diabetic Retinopathy (PDR).
- According to the International Diabetes Federation (IDF), nearly 463 million adults aged 20-79 years were suffering from diabetes. This is estimated to rise to 700 million by the year 2045. The increasing prevalence of eye injuries, retinal disorders, and diabetes are the major driving factor for the market.
- Increasing awareness related to eye-related diseases and available treatment options
- Growing demand for minimal invasive techniques for eye surgeries is bolstering the market development
Market Restraints
- Concerns related to the risk of vitrectomy
- The risks linked with vitrectomy are anticipated to hamper the market growth. There is a high chance of cataract occurrence in patients' undergone vitrectomy, hindering its acceptance. Furthermore, the deficiency of professional ophthalmologists for the operations of advanced vitrectomy devices has restricted the growth of the global vitrectomy devices market.
Technology Analysis
The vitrectomy devices are the devices used for performing a vitrectomy. These devices allow the surgeon to carry out the surgery efficiently with low invasionThe devices are advanced and make the surgery less invasive. The technological advancements in the field is introducing highly advanced devices. These devices are of great application for the development of the market in the projected time period. Looking forward, robotics will play a major role in vitrectomy. The technology will enable the surgeon to perform gentle tasks without damaging adjacent tissues. Some of the latest improvements are 27-ga. Vitrectomy systems. It includes 3-D imaging as well as a 4K resolution camera. This allows the surgeons to operate on a patient with ease and accuracy.
Vitrectomy Devices Market Segment Insights
Vitrectomy Devices Product Insights
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Vitrectomy Machines: The segment is estimated to demonstrate the largest revenue share in the market. The machines are equipped with advanced features such as high cut rates, improvised fluidics, intraocular pressure, and small gauge size.
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Vitrectomy Packs: The packs are rising in demand for removal of vitreous from the retina and epiretinal membrane, detachment of posterior vitreous, and retinal surgery.
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Photocoagulation Lasers: The laser assists in destroying or shrinking abnormal retina structures, and this increases the accuracy of the operation.
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Illumination Devices: These devices are used to produce light during the vitreoretinal surgery for better visibility to the surgeon. The commonly used source for illumination are metal halide, halogen, LED, Xenon, and Mercury vapor.
Vitrectomy Devices Application Insights
- Macular Hole: The segment is expected to dominate the market. The macular hole is a tiny breakage in the macula, placed at the centre of the retina.
- Diabetic Retinopathy: The segment is expected to grow at a rapid pace during the forecast period. The fast pace of rising cases of diabetic retinopathy around the world is driving the segment in the near future.
- Retinal Detachment: Retinal detachment is a condition mainly observed in patients with high myopia. The increasing occurrence of high myopia is boosting market growth.
- Vitreous Haemorrhage: Vitreous hemorrhage is the leakage of blood into various spaces developed within or around the vitreous body. The condition can form directly due to neovascularization of retina or retinal tears.
- Others: The other applications of vitrectomy includes injury to eye and infection in eyes.
Vitrectomy Devices End-user Insights
- Hospitals: The segment is expected to grow at a significant rate. This is attributed to the increasing acceptance of vitrectomy surgeries and the surge in hospitals providing ophthalmic care such as vitrectomy.
- Ambulatory Surgery Centers: The segment is estimated to show a rapid pace of development. This is attributed to the increasing number of ambulatory surgery centres in developing and underdeveloped countries.
- Ophthalmic Clinics: These are general clinics for the professional doctors. Mostly this includes general physician or ophthalmologists. The patient receives consultation and primary treatment for the problem related to eye
Vitrectomy Devices Regional Insights
North America
Competitive LandscapeThe vitrectomy devices market is profitable, both for existing players as well as new entrants. Our analysis revealed that market players adopt different strategies and innovative R&D techniques to expand their business and secure their position in the market. The industry players are coming up with various business strategies to increase their market presence. The companies invest in R&D activities to expand their product portfolio, further driving the vitrectomy devices market growth. In addition, the market players are adopting various strategies such as mergers & acquisitions, contractual agreements, new product launches, increasing investments in R&D, and partnering with other players to expand their global footprint.
- Growing prevalence of diabetes across the region is driving the North American vitrectomy devices market
- North America held the largest market share in vitrectomy devices market in 2020, owing to the rising prevalence of diabetes. As per the National Diabetes Statistics, nearly 9.4% of the total United States population is suffering from diabetes. Moreover, as per the National Eye Institute, around 7.7 million people of America were diagnosed with retinopathy and the cases is estimated to be 11.3 million by the year 2030. These numbers demonstrates surge in growth of the market in the region. The well-established research organizations engaged in product development, availability of innovative diagnostic products, and the presence of major players such as BVI (US), Johnson & Johnson Vision Care, Inc. (US), and MedOne Surgical, Inc (US) in the region further fuel the growth of the market. The prominent players are involved in engaging in collaborations and partnerships, expanding their operational facilities across the region, and launching new products for business growth.
Asia-Pacific
- Growing number of ophthalmic related patients in the region is boosting the vitrectomy devices market
- Asia Pacific comprises large number of patients with eye-related diseases. The region is witnessing rising awareness in the population regarding the diseases related to eye. Furthermore, the government in the region are also boosting awareness and research and development activities to increase contribution of private players to introduce advance technology in the market. These factors are improving the market growth of the region. The developing healthcare infrastructure of the region as well as rise in investment is propelling the market growth in the region.
Competitive LandscapeThe vitrectomy devices market is profitable, both for existing players as well as new entrants. Our analysis revealed that market players adopt different strategies and innovative R&D techniques to expand their business and secure their position in the market. The industry players are coming up with various business strategies to increase their market presence. The companies invest in R&D activities to expand their product portfolio, further driving the vitrectomy devices market growth. In addition, the market players are adopting various strategies such as mergers & acquisitions, contractual agreements, new product launches, increasing investments in R&D, and partnering with other players to expand their global footprint.
- Alcon Inc. (Switzerland)
- Bausch & Lomb Incorporated (Canada)
- BVI (US)
- NIDEK Co., Ltd. (Japan)
- Johnson & Johnson Vision Care, Inc. (US)
- Blink Medical (UK)
- Topcon Corporation (Japan)
- Carl Zeiss Meditec AG (Germany)
- Hoya Surgical Optics (Singapore)
- HAAG-STREIT GROUP (Switzerland)
- MedOne Surgical
Vitrectomy Devices Market Segmentation
Vitrectomy Devices Product Outlook
Vitrectomy machines
Vitrectomy packs
Photocoagulation lasers
Illumination devices
Vitrectomy Devices Application Outlook
Diabetic retinopathy
Retinal detachment
Macular hole
Vitreous hemorrhage
Others
Vitrectomy Devices End-use Outlook
Hospitals
Ophthalmic Clinics
Ambulatory Surgery Centers
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