The retinal surgery devices market is expected to reach a global market size of 2.4 billion in 2023 and expand at a compound annual growth rate (CAGR) of 9.1% over the course of the forecast period. The market is expanding rapidly due to a number of factors, including rising eye problem prevalence, growing health consciousness, government initiatives, technology improvements, and rising healthcare costs.

Demand for surgical procedures is being driven by an increase in the number of instances with age-related macular degeneration, diabetic retinopathy, and retinal detachment. Surgical results are improved by the introduction of robot-assisted retinal procedures, high-resolution optical coherence tomography-guided surgeries, and minimally invasive vitrectomy devices.

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Growth Drivers

The market is growing as a result of developments in drug-delivery implants, micro-incision surgery, and ultrasonic vitrectomy. Due to advancements in surgical safety and precision, scleral buckles, laser photocoagulation equipment, and vitrectomy systems are becoming more and more popular. "Since they provide quicker patient recovery and less surgical trauma, surgeons are favoring smaller gauge vitrectomy systems more and more."

The market's demand is being driven by mergers and acquisitions as well as increased spending in R&D. Prominent companies including NIDEK, Carl Zeiss Meditec, Bausch + Lomb, and Alcon make R&D investments to create cutting-edge retinal surgery solutions. Technology breakthroughs and commercial expansions are being aided by strategic alliances and acquisitions. Growing demand for ambulatory and outpatient eye procedures as a result of reduced hospital stays and cost effectiveness. Outpatient operations are supported by increased efficiency in vitrectomy systems and retinal lasers.

Segmentation

Retinal Surgery Devices Product

·         Vitrectomy Machines

·         Vitrectomy Packs

·         Surgical Instruments

·         Microscopic Illumination Equipment

·         Retinal Laser Equipment

·         Others

Retinal Surgery Devices Application

·         Clinical

·         Diabetic Retinopathy

·         Retinal Detachment

·         Epiretinal Membrane

·         Macular Hole

·         Others

Retinal Surgery Devices End-User

·         Hospitals

·         Eye Clinics

·         Others

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Alcon Inc.

·         Carl Zeiss Meditec AG

·         Bausch + Lomb

·         TOPCON CORPORATION

·         IRIDEX Corporation

·         Escalon Medical Corp

·         Lumenis Be Ltd.

·         D.O.R.C.

·         Second Sight Medical Products

·         MedOne Surgical, Inc.

·         Ellex Medical Lasers

·         NIDEK CO. LTD

·         Other Players

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