Vitrectomy Machines Segment has the Largest Share of Product in the Europe Vitrectomy Devices Market during 2021–2028

According to our latest study on “Europe Vitrectomy Devices Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product, Patient Type, Surgery Approach, Application, End User and Distribution Channel,” the market is projected to reach US$ 594.8 million by 2028 from US$ 394.2 million in 2021; it is expected to grow at a CAGR of 6.0% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the significant rise in the elderly population and significant advancements related to vitreoretinal surgery devices. However, complications associated with vitrectomy is expected to restrict the market growth during the forecast period.

Countries in the European regions were profoundly affected due to the COVID-19 pandemic. For instance, countries such as Italy, Spain, and France have recorded the most significant number of positive cases and have registered the maximum number of deaths. Europe has long been within an area of dynamic development in the field of ocular surgery, adapting to differing cultures, traditions, and surgical and medical philosophies. In the recent times, these changes have been even more significant and rapid. On the other hand, the rise of the corona infection has grown significantly, it has raised question regarding safety from the ocular treatments followed by surgeries Thus, the appointments related to ophthalmology have been totally shutdown in the European countries. European countries have undergone second phase of lockdown as they have experienced second wave of corona infection. Countries such as the UK, Belgium, Germany, Switzerland, France, Italy, and Spain are highly affected. Therefore, the lockdown has widely affected the flow of businesses across the region and outside the region. Various conferences related to medical device industry are being conducted through webinars. Hence, it is expected that negative impact on the market is likely to continues in the following few years.

Based on product, the Europe vitrectomy devices market is bifurcated into vitrectomy machines, vitrectomy accessories, microscopic illumination equipment, surgical instruments, and others. In 2021, the vitrectomy machines segment accounted for the largest share, whereas the vitrectomy accessories segment is expected to grow at the highest CAGR during the forecast period.

D.O.R.C Dutch Ophthalmic Research Center (International)B. V, HOYA Corporation, NIDEK CO., LTD, Danaher (Leica Microsystems AG), Carl Zeiss Meditec, Alcon Inc., Iridex Corporation, Bausch Health Companies Inc., GEUDER AG, Topcon Corporation, and Optos are among the leading companies in the Europe vitrectomy devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for vitrectomy devices market is segmented into product, patient type, surgery approach, application, end user, and distribution channel. Based on product, the Europe vitrectomy devices market is segmented into vitrectomy machines, vitrectomy accessories, microscopic illumination equipment, surgical instruments, and others. Based on patient type, the vitrectomy devices market is segmented into adult, pediatrics, and geriatric. Based on surgery approach, the vitrectomy devices market is segmented into posterior/pars plana vitrectomy, and anterior vitrectomy. Based on application, the vitrectomy devices market is segmented into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. Based on end user, the vitrectomy devices market is segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers (ASCs). Based on distribution channel, the vitrectomy devices market is segmented into direct tenders, third party distributors, and retail sales. Geographically, the vitrectomy devices market is segmented into Europe (Germany, UK, France, Spain, Italy, Rest of Europe).

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