North America Vitrectomy Devices Market

Market Introduction

Vitrectomy is a surgical procedure employed to treat various problems with the retina and vitreous and remove the vitreous gel from the eye. It is performed during retinal detachment with vitreous hemorrhage. As a result, this smoothens the procedure and prevents any further detachment of the retina. In addition, it is helpful for various repairs, such as the removal of scar tissue. It helps restore the vision loss caused due to vitreous humor bleeding.

Moreover, the significant advancements related to vitreoretinal surgery devices are expected to bolster the market growth during the forecast period. However, complications associated with vitrectomy limit the growth of the North America vitrectomy devices market.

The COVID-19 pandemic has created technological shifts crucial to providing better care. Due to coronavirus spreading, many cities were shut down, causing treatments and doctors/surgeons meeting cancellations. The patients suffering from critical surgeries such as neurosurgery, spinal surgery, ocular surgery, and ENT surgery require physical awareness and need to implement procedures in the clinics. For Instance: As of March 15, 2020, a total of 52, 923 patients were on the waitlist in the province of Ontario awaiting ophthalmic surgery. The number of non-emergency surgeries performed in the province decreased by 45-98% from March to May 2020, and 48-80% from April to May 2021 compared to the same months in 2019. Since the Coronavirus outbreak reached a pandemic status, the entire North America supply chain has been affected, commencing logistic capabilities and production capacity disruption. Therefore, COVID-19 had a substantial negative impact on the Vitrectomy devices market.

Market Overview and Dynamics

The North America vitrectomy devices market is expected to reach US$ 780.3 million by 2028 from US$ 490.8 million in 2021. The market is estimated to grow at a CAGR of 6.8% from 2021–2028. The rising demand for cataract, refractive, and vitrectomy surgeries is expected to increase the sales of vitrectomy devices. Leading market players are increasing their penetration across emerging markets by expanding their distribution networks and augmented manufacturing capabilities. Emerging markets are expected to offer potential growth opportunities for key vitrectomy device manufacturers in the years to come. This can be attributed to the large patient population, high prevalence of eye diseases, such as cataracts and other vision impairments, increasing disposable income, improving healthcare infrastructure, and growing medical tourism in these countries. High investments in life science and health research in emerging countries play a key role in upgrading the latest technologies in these countries. This factor, in turn, supports the inclination toward vitrectomy surgeries.

Key Market Segments

In terms of product, the vitrectomy machines segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of patient type, the geriatric segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of surgery approach, the posterior/pars plana vitrectomy segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of application, the diabetic retinopathy segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the North America vitrectomy devices market in 2020. In terms of distribution channel, the retail sales segment accounted for the largest share of the North America vitrectomy devices market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the vitrectomy devices market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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., Topcon Corporation, and Optos.

Reasons to Buy Report

• To understand the North America vitrectomy devices market landscape and identify market segments that are likely to guarantee a strong return
• To comprehend the ever-changing market landscape and stay ahead in competition
• To efficiently plan merger and acquisition, and partnership deals in the North America vitrectomy devices market by identifying segments with the most promising probable sales
• To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• To obtain market revenue forecast of the North America vitrectomy devices market based on various segments for the period 2021–2028

NORTH AMERICA VITRECTOMY DEVICES MARKET SEGMENTATION

By Product

• Vitrectomy Machines
• Vitrectomy Accessories
• Microscopic Illumination Equipment
• Surgical Instruments
• Others

By Patient Type

•  Geriatric
• Adult
• Pediatrics

By Surgery Approach

•  Posterior/Pars Plana Vitrectomy
• Anterior Vitrectomy

By Application

•  Diabetic Retinopathy
• Retinal Detachment
• Epiretinal Membrane
• Macular Hole
• Others

By End User

•  Hospitals
• Ophthalmology Clinics
• Ambulatory Surgery Centers (ASCs)

By Distribution Channel

• Retail Sales
• Direct Tenders
• Third Party Distributors Retinal

By Country

• North America
• US
• Canada
• Mexico

Companies Mentioned

• 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.        
• Topcon Corporation       
• Optos

North America Vitrectomy Devices Strategic Insights

Strategic insights for the North America Vitrectomy Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Vitrectomy Devices Report Scope

North America Vitrectomy Devices Regional Insights

The geographic scope of the North America Vitrectomy Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.