Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Vitrectomy Machines Market: By Product Type, By Application, By End User, and Geography
Vitrectomy Machines Market was valued at US$ 452.7 million in 2023 and is expected to grow at 5.1% CAGR from 2024 to 2030 owing to a high incidence rate of retinal detachment among the elderly population posing a lifetime risk. Vitrectomy machines are devices commonly employed in vitreoretinal surgery used to treat problems of the eye’s retina and vitreous such as retinal detachments, vitreous hemorrhage, endophthalmitis, and macular holes in a controlled, closed system. According to the Wenzhou Statistical report, the incidence of retinal detachment was 7.79 cases per 100,000 population. The increased number of trauma cases related to retinal tear and diabetic retinopathy are expected to drive the vitrectomy machines market. According to WHO, the prevalence of diabetic retinopathy among diabetic patients is estimated to be 27.0%, which leads to 0.4 million blindness in the world leading to the growth of the market.
Moreover, the technological advancement in visualization systems including operating microscopes, 3D heads-up display systems, and viewing systems such as endoscopic vitrectomy with higher cut rates are providing several opportunities for the development of the market. For instance, in 2019, the HYPERVIT two-blade vitrectomy probe was introduced by Alcon, a major leader in the eye care industry. The discovery of new innovative surgical procedures and the association of these procedures with deep learning algorithms are also expected to contribute to the growth in the global market over the forecast period.
Furthermore, the market is expanding as a result of increased government attention on providing improved healthcare facilities and adequate patient care, expansion potential for vitrectomy machines, and rising use of diagnostic vitrectomy devices. For instance, the Indian government launched a National Programme for the Control of Blindness and Visual Impairment (NPCBVI) with an aim to reduce the prevalence of blindness from 1.4% to 0.3 %. But the risk associated with vitrectomy and the increased chances of patients undergoing vitrectomy developing cataracts in a few years is restraining the growth of the market. Moreover, the higher cost of surgeries and instrumentation is also hampering the growth of the market. However, the presence of reputable research institutions engaged in product development, the rising prevalence of diabetic retinopathy and vitreous hemorrhage, increased healthcare spending per capita, and advanced diagnostic technologies all support expansion of the market over the forecast years.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
North AmericaFastest Growing Market
North America
Increase in the prevalence of eyes diseases and rise in the geriatric population are majorly driving the growth of the vitrectomy machines market. The advancements in the technology is also playing a significant role in the growth of the market. The growing awareness among the patient population is enabling to adopt the new surgical procedures which is enhancing the vitrectomy machines market. However, the high cost of the surgical process, lack of government support to the non-profitable organizations and poor healthcare policies in developing countries may hinder the growth of the vitrectomy machines market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 452.7 million |
Market CAGR |
5.1% |
By Product Type |
|
By Application |
|
By End-User |
|
By Region |
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The vitrectomy machines market size was valued at US$ 452.7 million in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The vitrectomy machines market key players are IRIDEX Corporation (U.S), Synergetics, Inc. (U.S), Bausch & Lomb (U.S), Optos PLC (UK), Topcon Corporation (Japan), Leica Microsystems GmbH (Germany)
1.Executive Summary |
2.Global Vitrectomy Machines Market Introduction |
2.1.Global Vitrectomy Machines Market - Taxonomy |
2.2.Global Vitrectomy Machines Market - Definitions |
2.2.1. By Product Type |
2.2.2. By Application |
2.2.3. By End Users |
2.2.4. By Region |
3.Global Vitrectomy Machines Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Vitrectomy Machines Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Vitrectomy Machines Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Vitrectomy Machines |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Vitrectomy Packs |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Microscopic Illumination Equipment |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Surgical Instruments |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Vitrectomy Machines Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Retinal Detachment |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Diabetic Retinopathy |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Trauma |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Macular Surgery |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Pediatric Retinal Disorders |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Vitrectomy Machines Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Eye Clinics |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Others |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Vitrectomy Machines Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Vitrectomy Machines Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Vitrectomy Machines |
9.1.2.Vitrectomy Packs |
9.1.3.Microscopic Illumination Equipment |
9.1.4.Surgical Instruments |
9.1.5.Others |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Retinal Detachment |
9.2.2.Diabetic Retinopathy |
9.2.3.Trauma |
9.2.4.Macular Surgery |
9.2.5.Pediatric Retinal Disorders |
9.2.6.Others |
9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Eye Clinics |
9.3.3.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Vitrectomy Machines Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Vitrectomy Machines |
10.1.2.Vitrectomy Packs |
10.1.3.Microscopic Illumination Equipment |
10.1.4.Surgical Instruments |
10.1.5.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Retinal Detachment |
10.2.2.Diabetic Retinopathy |
10.2.3.Trauma |
10.2.4.Macular Surgery |
10.2.5.Pediatric Retinal Disorders |
10.2.6.Others |
10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Eye Clinics |
10.3.3.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Vitrectomy Machines Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Vitrectomy Machines |
11.1.2.Vitrectomy Packs |
11.1.3.Microscopic Illumination Equipment |
11.1.4.Surgical Instruments |
11.1.5.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Retinal Detachment |
11.2.2.Diabetic Retinopathy |
11.2.3.Trauma |
11.2.4.Macular Surgery |
11.2.5.Pediatric Retinal Disorders |
11.2.6.Others |
11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Eye Clinics |
11.3.3.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Vitrectomy Machines Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Vitrectomy Machines |
12.1.2.Vitrectomy Packs |
12.1.3.Microscopic Illumination Equipment |
12.1.4.Surgical Instruments |
12.1.5.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Retinal Detachment |
12.2.2.Diabetic Retinopathy |
12.2.3.Trauma |
12.2.4.Macular Surgery |
12.2.5.Pediatric Retinal Disorders |
12.2.6.Others |
12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Eye Clinics |
12.3.3.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Vitrectomy Machines Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Vitrectomy Machines |
13.1.2.Vitrectomy Packs |
13.1.3.Microscopic Illumination Equipment |
13.1.4.Surgical Instruments |
13.1.5.Others |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Retinal Detachment |
13.2.2.Diabetic Retinopathy |
13.2.3.Trauma |
13.2.4.Macular Surgery |
13.2.5.Pediatric Retinal Disorders |
13.2.6.Others |
13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Eye Clinics |
13.3.3.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.IRIDEX Corporation (U.S) |
14.2.2.Synergetics, Inc. (U.S) |
14.2.3.Bausch & Lomb (U.S) |
14.2.4.Optos PLC (UK) |
14.2.5.Topcon Corporation (Japan) |
14.2.6.Leica Microsystems GmbH (Germany) |
14.2.7.Carl Zeiss Meditec AG (Germany) |
14.2.8.Alcon, Inc. (U.S) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players