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Global Retinal Surgery Devices Market to Expand at 7.30% CAGR 2014-2020 thanks to Rising R&D Health Articles | August 22 Jim Brown Limited Jersey , 2016

The global retinal surgery devices market will expand at a 7.30% CAGR during the forecast period from 2014 to 2020. In 2013, the global retinal surgery devices market was worth more than US$1.2 bn and by 2020, the market is projected to be worth over US$2.0 bn.



The global retinal surgery devices market is dynamic in nature and is characterized by a high degree of competition among players in this market, as per the findings of a new report by Transparency Market Research (TMR). This is mainly due to the high demand for differentiator products that are technologically advanced, cost competent and easy to use as well. Some of the leading players in the global retinal surgery devices market are Synergetics Inc. Bernie Kosar Limited Jersey , Bausch + Lomb Incorporated, Optos plc, and IRIDEX Corporation.


聽A TMR analyst points out, “New product and technology launch is on top of the growth charts of top players in the global retinal surgery devices market.” Top players in this market are contending for commercialization and to receive positive recommendations for newly launched products and technologies. A case in point is Alcon Inc. In January 2015, the company announced that it received approval for using Jetrea as a pharmacological treatment agent and also received a positive feedback for reimbursement of the same.


聽Business expansion by means of acquisition is also what key players in this market are focused on. This augments the surgical portfolio and technological capabilities of the acquiring company to sustain intense competitive rivalry in this market.


Business alliances for the purpose of distribution agreement is also a key growth strategy that top players in this market are adopting. This arrangement is a win-win for both the parties to leverage the expertise of each other.


聽High Susceptibility of Geriatric Population to Ocular Diseases Favors Market Growth


聽An ever-increasing geriatric population Women's Austin Seibert Jersey , combined with higher life expectancy, is one of the primary factors driving the growth of the global retinal surgery devices market. This is because age is a major factor that increases the chances of ocular diseases, of which, diabetic retinopathy, macular pucker Women's Sheldrick Redwine Jersey , and retinal detachment are most common. As per estimates of the World Health Organization (WHO), the global geriatric population is expected to reach 2 billion by 2050 increasing from 524 million in 2010. It is expected that developed countries would display the fastest rise in geriatric population; however, the availability of advanced healthcare in these regions has increased the life expectancy of this population. This population, however, is at a higher risk for developing ocular diseases to fuel demand for retinal surgery devices.


Technological advancement in ophthalmic surgery is also a key factor propelling the growth of this market. The periodic introduction of novel technologies is meant for enhanced treatment reliability Women's Sione Takitaki Jersey , safety, accuracy, and for faster recovery after surgery. To cater to this, companies in this market are under constant pressure to introduce innovative products.


Download Free exclusive Sample of this report:

High Price Factor of Retinal Surgery Devices Burdens Patients for Increased Surgical Costs


“The high cost of retinal surgery devices is detrimental to the market’s growth,” says a TMR analyst. Though novel technologies and newer equipment are available for the treatment of retinal conditions Women's Greedy Williams Jersey , their high price factor is restricting the use of these devices. Moreover, delay in regulatory approvals reduces returns for large companies due to the buildup of inventory. With the increase in prices of drugs and medical devices at about 4% each year, hospital charges have increased as well. These factors that are pertaining to the high price of surgical equipment are restraining the market’s growth.


The global retinal surgery devices market is expected to reach a valuation of more than US$2.0 bn by 2020. In 2013, diabetic retinopathy stood as the leading application segment due to the increasing prevalence of diabetes and its associated eye disorders. Vitrectomy packs led the equipment type segment in 2013 and is expected to register the highest CAGR in the coming years. North America is a leading market for retinal surgery devices due to increased awareness about technologically advanced treatments for retinal conditions.


聽The information presented in this review is based on a Transparency Market Research report, titled “Retinal Surgery Devices Market - Global Industry Analysis Women's David Njoku Jersey , Size, Share, Growth, Trends and Forecast 2014-2020.”


聽The global retinal surgery devices market is segmented as follows:聽


Retinal Surgery Devices Market, by Equipment Type聽


Vitrectomy Packs


Vitrectomy Machines


Retinal Laser Equipment


Microscopic Illumination Equipment


Surgical Instruments (Cannulas Women's Myles Garrett Jersey , Forceps, Cutters, Cryoprobes, etc.)


Others (Retinal Tamponades, Sclera Buckle Women's Nick Chubb Jersey , etc.)


Retinal Surgery Devices Market, by Applications聽


Diabetic Retinopathy


Retinal Detachment


Epiretinal Membrane


Macular Hole


Others (Eye Infections and Eye Injuries)


Retinal Surgery Devices Market, by Geography聽


North America


Europe


Asia Pacific


Rest of the World (RoW)


Contact us:


Transparency Market Research


90 State Street,


Suite 700,


Albany


NY - 12207


United States


Tel: +1-518-618-1030


USA g- Canada Toll Free 866-552-3453

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