Report : North America Vitrectomy Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product ( Vitrectomy Accessories, Vitrectomy Machines, Microscopic Illumination Equipment, Surgical Instruments, and Others ), Application ( Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole, and Others ), Patient Type ( Adult, Pediatrics, and Geriatric ), Surgery Approach ( Posterior/Pars Plana Vitrectomy, and Anterior Vitrectomy ), End User ( Hospitals, Ophthalmology Clinics, and Ambulatory Surgery Centers (ASCs) ), Distribution channel ( Direct tenders, Third party distributors, and Retail sales)
Vitrectomy Machines Segment has the Largest Share of Product in the North America Vitrectomy Devices Market during 2021–2028
According to our latest study on “North America 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$ 780.3 million by 2028 from US$ 490.8 million in 2021; it is expected to grow at a CAGR of 6.8% 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.
The COVID-19 pandemic has created technological shifts crucial to providing better care. Due to coronavirus spreading, many cities were shut down, causing treatments and doctors/surgeons meeting cancellations. The patients suffering from critical surgeries such as neurosurgery, spinal surgery, ocular surgery, and ENT surgery require physical awareness and need to implement procedures in the clinics. For Instance: As of March 15, 2020, a total of 52, 923 patients were on the waitlist in the province of Ontario awaiting ophthalmic surgery. The number of non-emergency surgeries performed in the province decreased by 45-98% from March to May 2020, and 48-80% from April to May 2021 compared to the same months in 2019. Since the Coronavirus outbreak reached a pandemic status, the entire North America supply chain has been affected, commencing logistic capabilities and production capacity disruption. Therefore, COVID-19 had a substantial negative impact on the Vitrectomy devices market.
Based on product, the North America 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., Topcon Corporation, and Optos are among the leading companies in the North America 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 North America 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 North America (US, Canada, Mexico).
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