The vitrectomy devices market was valued at $1.1 billion in 2023 and is projected to reach $1.7 billion by 2032, registering a CAGR of 5.1% from 2024 to 2032. The vitrectomy devices market growth is driven by the increase in prevalence of retinal disorders and advancements in minimally invasive surgical technologies. For instance, according to the World Health Organization (WHO) globally, at least 2.2 billion people have a near or distance vision impairment. In at least 1 billion of these, vision impairment could have been prevented or is yet to be addressed. Among this 1 billion people, the main conditions causing distance vision impairment or blindness are cataract (94 million), refractive error (88.4 million), age-related macular degeneration (8 million), glaucoma (7.7 million), diabetic retinopathy (3.9 million). Thus, rise in cases of eye diseases drives vitrectomy devices market growth.
Vitrectomy is a surgical procedure to remove vitreous gel from the eye. It is commonly performed to treat conditions affecting the retina or vitreous body, such as retinal detachment, vitreous hemorrhage, or macular hole. The procedure involves making small incisions in the eye, through which the vitreous is suctioned out and replaced with a saline solution or gas. Vitrectomy improves vision and alleviates symptoms caused by retinal or vitreous disorders.
Key Takeaways
- By product, the vitrectomy packs segment dominated the global market in terms of revenue in 2023. However, the vitrectomy machines segment is expected to register the highest CAGR during the forecast period.
- By application, the macular hole segment dominated the global market in terms of revenue in 2023. However, the retinal detachment segment is expected to register the highest CAGR during the forecast period.
- By region, North America dominated the vitrectomy devices market share in terms of revenue in 2023. However, Asia-Pacific is expected to register the highest CAGR during the forecast period.
Market Dynamics
The vitrectomy devices market expansion is driven by technological advancements, surge in prevalence of retinal disorders, and rise in aging population. Recent innovations in vitrectomy devices, such as improvements in optical coherence tomography and enhanced visualization techniques, have revolutionized the field by providing more precise and minimally invasive surgical options. This progress led to better patient outcomes, thereby boosting the demand for these advanced devices. In addition, the rising incidence of retinal diseases, such as diabetic retinopathy and macular hole, has heightened the need for effective surgical solutions, further propelling market growth. Diabetic retinopathy is one of the leading causes of blindness among working-age adults globally. As diabetes rates continue to rise worldwide, so led to sight-threatening conditions. Vitrectomy is often required to manage advanced cases of diabetic retinopathy, particularly in cases where there is vitreous hemorrhage or tractional retinal detachment. This condition has contributed significantly to the demand for advanced vitrectomy devices that offer higher precision and safety.
Furthermore, eye injuries and trauma are key factors contributing to the growth of the vitrectomy devices market. Vitrectomy is often required in cases of severe eye trauma, particularly when there is hemorrhaging or foreign bodies in the vitreous. The rise in incidence of eye injuries due to accidents, sports, and workplace hazards has led to a growing number of vitrectomy procedures. As awareness of eye care increases and access to surgical treatment improves, the demand for vitrectomy devices in managing eye trauma is expected to grow further.
For instance, initiatives such as National Eye Health Week (NEHW) took place from September 18 to 24 September 2023. This campaign is recognized as a public eye health initiative in the UK, aiming to educate the public about the importance of eye care and preventive measures against avoidable sight loss. In addition, the organizers of National Eye Health Week (NEHW) invite everyone in optics to support this year’s awareness campaign (23-29 September 2024) and help spread the word on eye health.
The aging global population is another critical factor, as older individuals are more susceptible to retinal conditions that require surgical intervention. Furthermore, increasing awareness about eye health and advancements in surgical techniques are driving the adoption of vitrectomy devices across both developed and emerging markets. The integration of robotics and artificial intelligence into vitrectomy procedures is expected to further enhance the precision and efficiency of surgeries, offering additional growth opportunities for the market. Increased patient education and awareness about the benefits of early intervention in retinal diseases promote the utilization of advanced vitrectomy technologies. Patients are more proactive in seeking medical advice and undergoing necessary procedures, fueling the market for vitrectomy devices.
Furthermore, the rise in adoption of minimally invasive surgical techniques, which offer shorter recovery times and reduced complications compared to traditional methods, is contributing to the increasing utilization of vitrectomy devices. Furthermore, ongoing research and development efforts aimed at creating more efficient and effective vitrectomy tools, coupled with increasing healthcare expenditure and improvements in healthcare infrastructure, are anticipated to drive the market forward. The growing awareness of retinal diseases and the corresponding rise in eye care services are also supporting market expansion, making vitrectomy devices essential in modern ophthalmic care.
However, the high cost of advanced vitrectomy equipment, which can limit accessibility, particularly in developing regions with constrained healthcare budgets. In addition, the complexity and technical skill required for vitrectomy procedures can be a barrier, as it necessitates specialized training for surgeons and healthcare professionals and thereby limits the market growth.
Moreover, growing healthcare expenditure and investments in ophthalmic care drive the market expansion for vitrectomy devices. Hospitals and surgical centers are increasingly allocating funds toward acquiring advanced medical technologies, including vitrectomy machines, to provide high-quality care and stay competitive in the healthcare sector. Government initiatives and private sector investments in healthcare infrastructure contribute to the expansion of the vitrectomy devices market. Funding for research and development, as well as subsidies for medical equipment, support the growth of the vitrectomy devices sector. For instance, according to the International Trade Administration, Under Vision 2030, the Saudi government plans to invest over $65 billion in healthcare infrastructure. This investment aims to reorganize and privatize health services, which includes improving facilities. In addition, it aims to increase private sector contribution from 40% to 65% by 2030, targeting privatization of 290 hospitals and 2,300 primary health centers, creating significant commercial opportunities for U.S. companies in Saudi Arabia’s developing healthcare.
Segments Overview
The vitrectomy devices market is segmented into product, application, and region. By product, it is classified into vitrectomy packs, vitrectomy machines, surgical instruments, and others. By application, the market is categorized into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, LAMEA.
By Product
The vitrectomy packs segment dominated the market share in 2023. This is attributed to comprehensive nature, which includes essential tools preparations and enhance procedural efficiency. In addition, their cost-effectiveness and convenience contribute to their widespread adoption in clinical settings. However, the vitrectomy machines segment is expected to register the highest CAGR during the forecast period. This is attributed to the continuous advancements in machine technology, which offer improved precision, automation, and enhanced surgical outcomes. In addition, the growing preference for minimally invasive procedures and the rising demand for sophisticated surgical solutions are fueling the growth of this segment.
By Product
Vitrectomy Packs segment held a dominant position in the market in 2023 and vitrectomy machines segment is anticipated to grow at a fastest rate during the forecast period.
By Application
The macular hole segment held the largest vitrectomy devices market share in 2023, owing to the rise in prevalence of macular hole conditions and the effectiveness of vitrectomy in treating this specific retinal disorder. The critical need for precise surgical interventions to restore vision and prevent further deterioration drives significant demand for specialized vitrectomy devices. However, the retinal detachment segment is expected to register the highest CAGR during the forecast period, owing to the increasing prevalence of retinal detachment cases, advancements in vitrectomy technology, and rising adoption of minimally invasive surgical techniques. In addition, growing awareness and improvements in healthcare infrastructure are contributing to the expansion of this segment.
By Application
Macular Hole segment held a dominant position in the market in 2023 and retinal detachment segment is anticipated to grow at a fastest rate during the forecast period.
By Region
The vitrectomy devices industry is analyzed across North America, Europe, Asia-Pacific, LAMEA. North America dominated the market share in 2023. This dominance is attributed to its advanced healthcare infrastructure, high adoption of cutting-edge medical technologies, and significant investment in ophthalmic research and development. In addition, access to specialized eye care and a rise in prevalence of retinal disorders in the region contribute to its market leadership.
However, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period. This is attributed to increasing prevalence of retinal disorders, a rapidly aging population, and expanding access to healthcare services in emerging economies. Growing investments in healthcare infrastructure, rising awareness of eye diseases, and the adoption of advanced medical technologies are also driving vitrectomy devices market growth in the region. In addition, the surge in government initiatives to improve eye care further contributes to the region's robust growth potential.
Competitive Analysis
Key players such as Carl Zeiss AG and Bausch Health Companies Inc. have adopted acquisition as key developmental strategies to improve the product portfolio of the vitrectomy devices market. For instance, in April 2024, Carl Zeiss Meditec AG completed the acquisition of 100% of D.O.R.C. (Dutch Ophthalmic Research Center) from the investment firm Eurazeo SE, Paris, France. The acquisition enhances and complements ZEISS Medical Technology’s broad ophthalmic portfolio and range of digitally connected workflow solutions for addressing a wide variety of eye conditions, spanning retina and cornea disorders, cataract, glaucoma, and refractive errors.
Recent Development in the Vitrectomy Devices Industry
- In September 2023, BVI, one of the fastest growing, diversified surgical ophthalmic businesses in the world, announced the acquisition of Medical Mix, a company specializing in the supply of medical devices for ophthalmic surgery across Spain and Portugal. This acquisition is a step in BVI's growth and geographical expansion.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vitrectomy devices market analysis from 2023 to 2032 to identify the prevailing vitrectomy devices market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vitrectomy devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional and global vitrectomy devices market trends, key players, market segments, application areas, and market growth strategies.
Analyst Review
This section provides various opinions in the vitrectomy devices market. The vitrectomy devices market expansion is driven by an increase in healthcare expenditure, rise in awareness about retinal surgeries, and improved access to advanced ophthalmic care in emerging markets. The surge in adoption of outpatient surgeries and advancements in surgical training contribute to market growth trajectory.
In addition, increase in prevalence of retinal disorders, which require surgical intervention, advancements in vitrectomy technology, including advancements in procedure further fuel market growth. The rise in geriatric population and surge in awareness about eye health contribute to the demand for effective treatment solutions.
North America generated the largest revenue in 2023, owing to its advanced healthcare infrastructure and high adoption rates of cutting-edge vitrectomy technologies. In addition, strong healthcare expenditure and the presence of key market players also contribute to its leading position. However, Asia-Pacific is expected to register the highest CAGR during the forecast period, owing to expanding healthcare infrastructure, increasing awareness of eye health, and rising incidence of retinal diseases. Rapid economic growth and improving access to advanced medical technologies in the region also contribute to the accelerated market growth.
The total market value of vitrectomy devices market is $1.1 billion in 2023.
The forecast period for vitrectomy devices market is 2024 to 2032.
The market value of vitrectomy devices market in 2032 is $1.7 billion
The base year is 2023 in vitrectomy devices market .
Top companies such as Alcon Inc., Carl Zeiss AG, Bausch Health Companies Inc., Geuder AG, and Topcon Corporation held a high market position in 2023.
Key drivers include the increasing prevalence of retinal disorders, advancements in vitrectomy technology, the growing elderly population, and the rising demand for minimally invasive surgical techniques. Increased awareness of eye health and improving healthcare infrastructure, particularly in emerging markets, also contribute to market growth.
The vitrectomy packs segment held the largest market share in 2023. These packs are popular due to their convenience, reducing preparation time and contamination risks in surgeries.
North America dominated the vitrectomy devices market in 2023, owing to advanced healthcare infrastructure, a rise in prevalence of eye diseases, and the strong presence of key market players.
The Asia-Pacific region is expected to register the highest CAGR during the forecast period. This growth is driven by an aging population, increasing prevalence of retinal disorders, improving healthcare infrastructure, and rising healthcare spending in countries such as China and India.
Vitrectomy devices are specialized surgical instruments used in vitrectomy procedures, which involve the removal of the vitreous humor from the eye to treat retinal disorders such as retinal detachment, macular holes, and diabetic retinopathy.
Loading Table Of Content...
