From GlobeNewswire: 2024-11-12 08:42:00

The Vitrectomy Devices Market was valued at $1.19 billion in 2023 and is projected to reach $1.89 billion by 2032, with a CAGR of 5.28%. The rising cases of eye diseases like macular holes and diabetic retinopathy are driving demand for vitrectomy devices, especially with advancements in surgical technology and tools.

Investment in R&D for vitrectomy machines is increasing, leading to more sophisticated versions with improved fluid control and cutting rates. Single-use disposable products are also on the rise for safety and convenience. Next-gen machines and surgical packs are fueling market growth, especially for patients with retinal diseases like macular hole and retinal detachment.

In 2023, vitrectomy machines accounted for 37% of market revenue, with advancements in cutting speed and fluidic management making them crucial for precision surgeries. The macular hole segment dominated the market due to the increasing prevalence of this condition, driving demand for vitrectomy devices. Hospitals led the market in 2023, offering advanced equipment and skilled professionals for complex eye surgeries.

North America held a significant share of the Vitrectomy Devices Market in 2023, driven by advanced surgical technologies and a high prevalence of retinal disorders. The region, particularly the U.S., is home to many leading manufacturers in the market. The Asia Pacific region is expected to experience the fastest growth, fueled by increasing cases of retinal diseases and advancements in healthcare infrastructure. The demand for vitrectomy devices is on the rise in Asia Pacific due to economic development, expanding healthcare infrastructure, and increasing incidence of retinal diseases. Recent acquisitions by Carl Zeiss Meditec AG and BVI are expected to strengthen their positions in the market and drive growth in the coming years.

In April 2024, Carl Zeiss Meditec AG acquired the Dutch Ophthalmic Research Center (D.O.R.C.), while in September 2023, BVI acquired Medical Mix in Spain and Portugal. These strategic acquisitions will enhance the companies’ portfolios and geographic reach in the vitrectomy devices market, contributing to their growth and success in the industry.

For more information on the Vitrectomy Devices Market Analysis & Outlook Report 2024-2032, visit S&S Insider, a leading market research and consulting agency that provides clients with current, accurate market data, consumer insights, and opinions to make confident decisions in changing circumstances. With a variety of research techniques, including surveys, video talks, and focus groups, S&S Insider dominates the market research industry globally.



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