Vitrectomy machines market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 545.16 million and will grow at a CAGR of 5.78% in the above mentioned forecast period.
The vitrectomy machines are the vitreous cutters, viewing system, infusion system and the operating microscope. The vitrectomy machine finds its applications in various conditions such as diabetic retinopathy, retinal detachment, macular holes, and vitreous hemorrhage owing to bleeding in the eye from injuries and retinal tears and also in the vitreous floaters due to the deposits of various shape, size, reliability, refractive index, and motility within the eye.
The high incidence rate of retinal detachment is amongst the important factor expected to intensify the growth and demand of vitrectomy machines market. In addition, the rise in the geriatric population base and increase in the prevalence of eye-related disorders are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the high growth in the number of trauma cases related with retinal tear and the higher incidence of retinal detachment in elderly and adult patients are also likely to enhance the growth of the market. Furthermore, the rise in the focus of the manufacturers of vitrectomy machines and the low cost of manufacturing are also amongst the significant factors expected to fuel the growth of the vitrectomy machines market.
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The rapid technical development, rise in the government initiatives and funding to improve vision care and the significant advancements related to vitreoretinal surgery devices are anticipated to offer significant growth opportunities for the vitrectomy machines market in the forecast period of 2021 to 2028.
North America region leads the vitrectomy machines market owing to the incidence of various eye-related disorders and rise in the initiatives. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the target patient population and rise in the awareness regarding the benefits associated with vitreoretinal surgeries.
The major players covered in the vitrectomy machines market report are Alcon, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Optos, Leica Microsystems, IRIDEX Corporation, Lumenis, Synergetics, Inc., TOPCON CORPORATION, NIDEK CO., LTD., GEUDER AG and HOYA Corporation, among other domestic and global players.
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