Vitrectomy Machines Segment has the Largest Share of Product in the Asia Pacific Vitrectomy Devices Market during 2021–2028

According to our latest study on “Asia Pacific Vitrectomy Devices Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product, Patient Type, Surgery Approach, Application, End User and Distribution Channel,” the market is projected to reach US$ 408.9 million by 2028 from US$ 250.6 million in 2021; it is expected to grow at a CAGR of 7.2% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the significant rise in the elderly population and significant advancements related to vitreoretinal surgery devices. However, complications associated with vitrectomy is expected to restrict the market growth during the forecast period.

Countries such as Japan and Australia are conducting virtual international conferences to anticipate the impact of COVID-19 on medical device industry in the Asia Pacific. The ongoing COVID-19 pandemic has created a seismic shift in living habits in the region and medical device industry has borne a significant brunt of this shopper shake-up. China is specifically facing issues with the pandemic, leading to disruption of the supply chain, projected losses in revenue, marketing and sales within all industries, as well as the concerns of health within the production units and other public places. On the other hand, unlike to North America and Europe as of now Asian countries have not imposed second lockdown. Hence, the businesses in the countries are slowly recovering their economies. Urban areas are experiencing adjusting to a changing market. Thus, owing to these it is likely to have opportunities for the market to bring its economy on track.

Based on product, the Asia Pacific vitrectomy devices market is bifurcated into vitrectomy machines, vitrectomy accessories, microscopic illumination equipment, surgical instruments, and others. In 2021, the vitrectomy machines segment accounted for the largest share, whereas the vitrectomy accessories segment is expected to grow at the highest CAGR during the forecast period.

D.O.R.C Dutch Ophthalmic Research Center (International)B. V, HOYA Corporation, NIDEK CO., LTD, Danaher (Leica Microsystems AG), Carl Zeiss Meditec, Alcon Inc., Iridex Corporation, Bausch Health Companies Inc., GEUDER AG, Topcon Corporation, and Optos are among the leading companies in the Asia Pacific vitrectomy devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for vitrectomy devices market is segmented into product, patient type, surgery approach, application, end user, and distribution channel. Based on product, the Asia Pacific vitrectomy devices market is segmented into vitrectomy machines, vitrectomy accessories, microscopic illumination equipment, surgical instruments, and others. Based on patient type, the vitrectomy devices market is segmented into adult, pediatrics, and geriatric. Based on surgery approach, the vitrectomy devices market is segmented into posterior/pars plana vitrectomy, and anterior vitrectomy. Based on application, the vitrectomy devices market is segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. Based on end user, the vitrectomy devices market is segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers (ASCs). Based on distribution channel, the vitrectomy devices market is segmented into direct tenders, third party distributors, and retail sales. Geographically, the vitrectomy devices market is segmented into Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific).

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