Global Retinal Surgery Devices Market (By Device Segment, Application, Regional Analysis), Company Profiles, Major Deals, Strategy and Recent Developments – Forecast to 2030
The global retinal surgery devices market is projected to reach US$ 4.71 Billion by 2030. Retinal surgery devices such as retinal laser equipment, microscopic illumination equipment, vitrectomy packs, vitrectomy machines, surgical instruments and others are used for the treatment of different retinal diseases such as diabetic retinopathy, macular hole, retinal detachment, and others. The global retinal surgery devices market is mainly driven by increasing prevalence of ophthalmic conditions, especially diabetic retinopathy. Diabetic retinopathy is the most common diabetic eye disease and a leading cause of blindness in American adults.
The factors driving the retinal surgery devices market are: rising global geriatric population coupled with the growing number of eye disorder, increase in diabetic patient pool, consistent efforts by healthcare organizations, low treatment adherence and compliance to conventional therapeutics and a high demand for retinal surgery devices compatible with minimally invasive procedures. In addition, the technological advancements in this field are providing efficient treatment platforms for the different retinal diseases. One such advancement is the use of minimally invasive surgical instruments. Lesser pain, quicker recovery, and minor scarring are the advantages offered by the use of minimally invasive surgical instruments. However, the high cost of retinal eye surgery devices and dearth of skilled professionals with expertise in ophthalmic surgery are major restraints that restricts the growth of the market.
Global Retinal Surgery Devices Market – Recent Developments
• In April 2023, Bausch + Lomb Corporation announced the U.S. launch of StableVisc cohesive ophthalmic viscosurgical device (OVD) as well as TotalVisc Viscoelastic System. StableVisc and TotalVisc provide eye surgeons with new options for dual-action protection during cataract surgery.
• In January 2022, Alcon completed the acquisition of Ivantis, developer and manufacturer of the novel Hydrus Microstent, a minimally-invasive glaucoma surgery (MIGS) device.
• In January 2021, Topcon announced the launch of the revolutionary Refraction System, Chronos. Topcon Chronos offers binocular autorefraction, keratometry measurements and visual acuity with subjective testing.
By Segment: Global Retinal Surgery Devices Market & Forecast – Key Takeaways
• Among the device types, vitrectomy packs segment accounts for the largest revenue share in the global retinal surgery devices market, owing to high usage of vitrectomy devices in procedures such as combined retinal surgery, vitreous removal, posterior vitreous detachment, epiretinal membrane removal and others.
• Vitrectomy machines segment captured second highest share of the global retinal surgery devices market in 2022, followed by Retinal lasers device segment.
• Fueled by an expanding variety of surgical instruments used in vitrectomy and a growing trend toward disposable versions, retinal surgery’s share of the global surgical instruments market will continue to increase through 2030.
• The global market for tamponades is driven by the increasing incidence of retinal detachment, diabetic retinopathy, macular pucker, and other retinal disorders.
By Application: Global Retinal Surgery Devices Market & Forecast – Key Takeaways
• The Diabetic retinopathy, retinal detachment, epiretinal membrane procedure, and macular hole, are the major disease sites where retinal surgery devices find application. Among these, diabetic retinopathy holds the largest share both in terms of revenue generation and number of procedures majorly driven by continuous rise in prevalence of the disease.
• Diabetic retinopathy is likely to impact around 11.3 million Americans by 2030.
• The retinal detachment application segment is anticipated to grow at the highest pace over the forecast period. The average number of detachment incidence is 10–15 per 100,000 people.
• In 2022, Macular Hole captured least share of the retinal surgery devices market.
By Region: Retinal Surgery Devices Market & Forecast – Key Takeaways
• Geographically, North America is the largest regional market for retinal surgery devices, followed by Europe. Growing base of ophthalmic disease and diabetic population and increasing demand for minimally invasive surgical procedures mainly drive the market in these regions.
• Asia Pacific is projected to witness the fastest market growth over the forecast period, driven by developing healthcare infrastructure, rising awareness, increasing healthcare expenditure, and growing adoption of new devices and treatment options.
• Latin America and Middle East and Africa are competing closely to grab maximum share of the retinal surgery devices market.
Market IntelliX report titled “Global Retinal Surgery Devices Market (By Device Segment, Application, Regional Analysis), Company Profiles, Major Deals, Strategy and Recent Developments – Forecast to 2030” provides a comprehensive assessment of the fast–evolving, high–growth Retinal Surgery Devices Market.
This 241 Pages report with 64 Figures and 7 Tables has been analyzed from 8 viewpoints:
1. Global Retinal Surgery Devices Market & Forecast (2012 – 2030)
2. Global Retinal Surgery Devices Market Share & Forecast (2012 – 2030)
3. Global Number of Persons Affected by Retinal Diseases (2015 – 2030)
4. By Segment - Global Retinal Surgery Devices Market & Forecast (2012– 2030)
5. By Application - Global Retinal Surgery Devices Market & Forecast (2012 – 2030)
6. By Region - Global Retinal Surgery Devices Market & Forecast (2013 – 2030)
7. Global Retinal Surgery Devices Market – Company Profiles, Major Deals, Strategy, Sales, Recent Developments
8. Global Retinal Surgery Devices Market – Growth Drivers and Challenges
By Segment - Global Retinal Surgery Devices Market & Forecast
1. Vitrectomy Packs
2. Retinal Lasers
3. Vitrectomy Machines
4. Instruments
5. Temponades
6. Retinal Laser Probes
7. Cryosurgery Devices
8. Hemostasis
9. Light Pipes
10. Light Source & Others
By Application - Global Retinal Surgery Devices Market & Forecast
1. Diabetic Retinopathy
2. Retinal Detachment
3. Epiretinal Membrane
4. Macular Hole
5. Others
By Geography - Global Retinal Surgery Devices Market & Forecast
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
6. Rest of The World
Global Retinal Surgery Devices Market – Company Profiles
1. Alcon, Inc.
2. Carl Zeiss Meditec AG
3. Topcon Corporation
4. Bausch Health Companies Inc. (Formerly Valeant Pharmaceuticals International, Inc.)
5. Iridex Corporation
6. Ellex Medical Lasers (Acquired by Quantel Medical)
7. Escalon Medical
8. Second Sight Medical Products Inc. (Now Vivani Medical, Inc.)
9. Lumenis
10. Nidek Co., Ltd.
11. Optos, plc
Data Sources
Market IntelliX employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by Market IntelliX dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non–printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
1. Executive Summary
2. Global Retinal Surgery Devices Market & Forecast (2012 – 2030)
3. Global Number of Persons Affected by Retinal Diseases (2015 – 2030)
4. Global Retinal Surgery Devices Market Share & Forecast
4.1 By Segment – Global Retinal Surgery Devices Market Share & Forecast (2012 – 2030)
4.2 By Application – Global Retinal Surgery Devices Market Share & Forecast (2012 – 2030)
4.3 By Region – Global Retinal Surgery Devices Market Share & Forecast (2013 – 2030)
5. Global Retinal Surgery Devices Market & Forecast – By Segment (2012 – 2030)
5.1 Global – Vitrectomy Packs Market & Forecast
5.2 Global – Retinal Lasers Market & Forecast
5.3 Global – Vitrectomy Machines Market & Forecast
5.4 Global – Instruments Market & Forecast
5.5 Global – Tamponades Market & Forecast
5.6 Global – Retinal Laser Probes Market & Forecast
5.7 Global – Cryosurgery Devices Market & Forecast
5.8 Global – Hemostasis Market & Forecast
5.9 Global – Light Pipes Market & Forecast
5.10 Global – Light Source & Others Market & Forecast
6. Global Retinal Surgery Devices Market & Forecast – By Application (2012 – 2030)
6.1 Global – Retinal Surgery Devices Market Revenue in Diabetic Retinopathy
6.2 Global – Retinal Surgery Devices Market Revenue in Retinal Detachment
6.3 Global – Retinal Surgery Devices Market Revenue in Epiretinal Membrane
6.4 Global – Retinal Surgery Devices Market Revenue in Macular Hole
6.5 Global – Retinal Surgery Devices Market Revenue in Other Applications
7. Global Retinal Surgery Devices Market & Forecast – By Region (2013 – 2030)
7.1 North America – Retinal Surgery Devices Market & Forecast
7.2 Europe – Retinal Surgery Devices Market & Forecast
7.3 Asia Pacific – Retinal Surgery Devices Market & Forecast
7.4 Latin America – Retinal Surgery Devices Market & Forecast
7.5 Middle East and Africa – Retinal Surgery Devices Market & Forecast
7.6 Rest of The World – Retinal Surgery Devices Market & Forecast
8. Global Retinal Surgery Devices Market – Company Profiles
8.1 Alcon, Inc.
8.1.1 Company Overview
8.1.2 Major Deals
8.1.3 Strategy
8.1.4 Recent Developments
8.1.5 Company Sales and Forecast
8.2 Carl Zeiss Meditec AG
8.2.1 Company Overview
8.2.2 Major Deals
8.2.3 Strategy
8.2.4 Recent Developments
8.2.5 Company Sales and Forecast
8.3 Topcon Corporation
8.3.1 Company Overview
8.3.2 Major Deals
8.3.3 Strategy
8.3.4 Recent Developments
8.3.5 Company Sales and Forecast
8.4 Bausch Health Companies Inc. (Formerly Valeant Pharmaceuticals International, Inc.)
8.4.1 Company Overview
8.4.2 Major Deals
8.4.3 Strategy
8.4.4 Recent Developments
8.4.5 Company Sales and Forecast
8.5 Iridex Corporation
8.5.1 Company Overview
8.5.2 Major Deals
8.5.3 Strategy
8.5.4 Recent Developments
8.5.5 Company Sales and Forecast
8.6 Ellex Medical Lasers (Acquired by Quantel Medical)
8.6.1 Company Overview
8.6.2 Major Deals
8.6.3 Recent Developments
8.6.4 Company Sales and Forecast
8.7 Escalon Medical
8.7.1 Company Overview
8.7.2 Major Deals
8.7.3 Strategy
8.7.4 Recent Developments
8.7.5 Company Sales and Forecast
8.8 Second Sight Medical Products Inc. (Now Vivani Medical, Inc.)
8.8.1 Company Overview
8.8.2 Major Deals
8.8.3 Strategy
8.8.4 Recent Developments
8.8.5 Company Sales and Forecast
8.9 Lumenis
8.9.1 Company Overview
8.9.2 Major Deals
8.9.3 Recent Developments
8.9.4 Company Sales and Forecast
8.10 Nidek Co., Ltd.
8.10.1 Company Overview
8.10.2 Major Deals
8.10.3 Recent Developments
8.10.4 Company Sales and Forecast
8.11 Optos, plc
8.11.1 Company Overview
8.11.2 Major Deals
8.11.3 Recent Developments
8.11.4 Company Sales
9. Global Retinal Surgery Devices Market – Market Drivers
9.1 Technologically Advanced Retinal Surgery Devices Allow Effective Surgeries
9.2 Consistent Efforts by Healthcare Organizations to Fuel Retinal Surgery Devices Market
9.3 Increasing Incidence of Diabetes Globally Drives Demand for Retinal Surgery Devices
9.4 Upsurge in The Geriatric Population Base Favors Market Growth
9.5 Increasing Incidence of Eye Diseases Across the Globe Fuels Market Growth
10. Global Retinal Surgery Devices Market – Challenges
10.1 High Price Factor of Retinal Surgery Devices
10.2 Dearth of Skilled Professionals with Expertise in Ophthalmic Surgery
List of Tables:
Table 4-1: By Segment – Global Retinal Surgery Devices Market Share (Percent), 2012 – 2022
Table 4-2: By Segment – Forecast for Global Retinal Surgery Devices Market Share (Percent), 2023 – 2030
Table 4-3: By Application – Global Retinal Surgery Devices Market Share (Percent), 2012 – 2022
Table 4-4: By Application – Forecast for Global Retinal Surgery Devices Market Share (Percent), 2023 – 2030
Table 4-5: By Region – Global Retinal Surgery Devices Market Share (Percent), 2013 – 2022
Table 4-6: By Region – Forecast for Global Retinal Surgery Devices Market Share (Percent), 2023 – 2030
Table 8-1: Bausch Health Companies Inc. - Major Acquisitions
List of Figures:
Figure 2-1: Global – Retinal Surgery Devices Market (Million US$), 2012 – 2022
Figure 2-2: Global – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 3-1: Global – Number of Persons Affected by Retinal Diseases (Million), 2015 – 2022
Figure 3-2: Global – Forecast for Number of Persons Affected by Retinal Diseases (Million), 2023 – 2030
Figure 5-1: Global – Vitrectomy Packs Market (Million US$), 2012 – 2022
Figure 5-2: Global – Forecast for Vitrectomy Packs Market (Million US$), 2023 – 2030
Figure 5-3: Global – Retinal Lasers Market (Million US$), 2012 – 2022
Figure 5-4: Global – Forecast for Retinal Lasers Market (Million US$), 2023 – 2030
Figure 5-5: Global – Vitrectomy Machines Market (Million US$), 2012 – 2022
Figure 5-6: Global – Forecast for Vitrectomy Machines Market (Million US$), 2023 – 2030
Figure 5-7: Global – Instruments Market (Million US$), 2012 – 2022
Figure 5-8: Global – Forecast for Instruments Market (Million US$), 2023 – 2030
Figure 5-9: Global – Tamponades Market (Million US$), 2012 – 2022
Figure 5-10: Global – Forecast for Tamponades Market (Million US$), 2023 – 2030
Figure 5-11: Global – Retinal Laser Probes Market (Million US$), 2012 – 2022
Figure 5-12: Global – Forecast for Retinal Laser Probes Market (Million US$), 2023 – 2030
Figure 5-13: Global – Cryosurgery Devices Market (Million US$), 2012 – 2022
Figure 5-14: Global – Forecast for Cryosurgery Devices Market (Million US$), 2023 – 2030
Figure 5-15: Global – Hemostasis Market (Million US$), 2012 – 2022
Figure 5-16: Global – Forecast for Hemostasis Market (Million US$), 2023 – 2030
Figure 5-17: Global – Light Pipes Market (Million US$), 2012 – 2022
Figure 5-18: Global – Forecast for Light Pipes Market (Million US$), 2023 – 2030
Figure 5-19: Global – Light Source & Others Market (Million US$), 2012 – 2022
Figure 5-20: Global – Forecast for Light Source & Others Market (Million US$), 2023 – 2030
Figure 6-1: Global – Retinal Surgery Devices Market Revenue in Diabetic Retinopathy (Million US$), 2012 – 2022
Figure 6-2: Global – Forecast for Retinal Surgery Devices Market Revenue in Diabetic Retinopathy (Million US$), 2023 – 2030
Figure 6-3: Global – Retinal Surgery Devices Market Revenue in Retinal Detachment (Million US$), 2012 – 2022
Figure 6-4: Global – Forecast for Retinal Surgery Devices Market Revenue in Retinal Detachment (Million US$), 2023 – 2030
Figure 6-5: Global – Retinal Surgery Devices Market Revenue in Epiretinal Membrane (Million US$), 2012 – 2022
Figure 6-6: Global – Forecast for Retinal Surgery Devices Market Revenue in Epiretinal Membrane (Million US$), 2023 – 2030
Figure 6-7: Global – Retinal Surgery Devices Market Revenue in Macular Hole (Million US$), 2012 – 2022
Figure 6-8: Global – Forecast for Retinal Surgery Devices Market Revenue in Macular Hole (Million US$), 2023 – 2030
Figure 6-9: Global – Retinal Surgery Devices Market Revenue in Other Applications (Million US$), 2012 – 2022
Figure 6-10: Global – Forecast for Retinal Surgery Devices Market Revenue in Other Applications (Million US$), 2023 – 2030
Figure 7-1: North America – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-2: North America – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 7-3: Europe – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-4: Europe – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 7-5: Asia Pacific – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-6: Asia Pacific – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 7-7: Latin America – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-8: Latin America – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 7-9: Middle East and Africa – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-10: Middle East and Africa – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 7-11: Rest of The World – Retinal Surgery Devices Market (Million US$), 2013 – 2022
Figure 7-12: Rest of The World – Forecast for Retinal Surgery Devices Market (Million US$), 2023 – 2030
Figure 8-1: Alcon - Surgical & Vision Care Sales (Million US$), 2012 - 2022
Figure 8-2: Alcon - Forecast for Surgical & Vision Care Sales (Million US$), 2023 - 2030
Figure 8-3: Carl Zeiss Meditec AG – Ophthalmic Systems & Surgical Ophthalmology Sales (Million US$), 2015 - 2022
Figure 8-4: Carl Zeiss Meditec AG - Forecast for Ophthalmic Systems & Surgical Ophthalmology Sales (Million US$), 2023 - 2030
Figure 8-5: Topcon Corporation - Eye Care Products Sales (Million US$), 2012 - 2022
Figure 8-6: Topcon Corporation - Forecast for Eye Care Products Sales (Million US$), 2023 - 2030
Figure 8-7: Bausch Health Companies Inc. - Bausch + Lomb Sales (Million US$), 2014 - 2022
Figure 8-8: Bausch Health Companies Inc. - Forecast for Bausch + Lomb Sales (Million US$), 2023 - 2030
Figure 8-9: Iridex Corporation - Global Sales (Million US$), 2012 - 2022
Figure 8-10: Iridex Corporation - Forecast for Global Sales (Million US$), 2023 - 2030
Figure 8-11: Ellex Medical Lasers - Global Sales (Million US$), 2012 - 2019
Figure 8-12: Escalon Medical Corp. - Global Sales (Million US$), 2012 - 2022
Figure 8-13: Escalon Medical Corp. - Forecast for Global Sales (Million US$), 2023 - 2030
Figure 8-14: Second Sight Medical Products, Inc. - Global Sales (Million US$), 2012 - 2019
Figure 8-15: Lumenis Ltd. - Ophthalmic Business Segment Sales (Million US$), 2011 - 2014
Figure 8-16: NIDEK CO., LTD. – Global Sales (Million US$), 2012 – 2022e
Figure 8-17: NIDEK CO., LTD. - Forecast for Global Sales (Million US$), 2023 - 2030
Figure 8-18: Optos plc. – Global Sales (Million US$), 2011 – 2014
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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