Retinal surgery devices are a wide variety of devices used in surgical processes on the retina. The market for retinal surgery devices is growing at a rapid pace all over the world, thanks to the growth of the global geriatric population and significant technological advances in the devices. Due to the delicate nature of the retina, the latter is of particular importance to the overall demand for retinal surgery devices, since sophistication in devices helps lower the chances of mishaps during surgery.
The report on the global retinal surgery devices market is a comprehensive document detailing the segmentation of the market, the factors determining the growth trajectory of the market, and describing in detail the competitive landscape of the market. The report employs reliable analytical tools such as market attractiveness analysis and value chain analysis to explain the market’s feasibility for investment, and the Porter’s five forces analysis to describe the dynamics between various aspects of the market.
Overview of the global retinal surgery devices market
The market for retinal surgery devices is growing on account of growing demand for ocular surgeries from the rising geriatric demographic. Owing to improving healthcare facilities and standards of living, the geriatric demographic is on the rise, particularly in developed countries. However, natural degeneration of the eye due to aging makes this demographic more prone to retinal disorders, leading to demand for retinal surgeries.
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The aging populace is also more prone to chronic diseases such as diabetes, which leads to diabetic retinopathy in an overwhelming majority of diabetic patients. Surgeries to counteract the various effects of diabetic retinopathy are leading to an increased demand for retinal surgery devices. The application segment of retinal detachment is also rising in incidence around the world. The geriatric population is also a factor in the growth of this segment, since complications in cataract surgeries, which the geriatric demographic is more likely to need, can lead to retinal detachment. The demand for retinal surgery devices in retinal detachment surgeries is expected to grow at the highest CAGR of all applications of retinal surgery devices during the forecast period.
Vitrectomy packs led demand for retinal surgery devices, accounting for the largest share of the market by product type in 2013. The reduced duration of retinal surgeries and recuperation thereafter are the main causes driving demand for vitrectomy packs.
North America led the geographical segmentation of the global market for retinal surgery devices, thanks largely to the highly developed healthcare infrastructure in countries such as the U.S. and Canada. Technological innovation in retinal surgery devices is also at the cutting edge in North America, which has helped increase the reliability of the devices. However, Asia Pacific stands to grow at the fastest CAGR during the forecast period.
Companies profiled in the research report
The report profiles the major players operating in the market, on the parameters of their financial profile, business operations, product catalog, and recent developments in the industry.
These include giants in the fields of optics and medical companies such as Carl Zeiss Meditec AG, Lumenis, Optos plc, Bausch and Lomb Inc., Alcon, Inc., and Leica Microsystems GmbH.
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This post was originally published on The Market Plan