The evolution of technique driven technology practices in the medical field have formed many business opportunities. There have been various successful translations of the scientific ideas which are offering remarkable business opportunity.
The history of vitrectomy is a tale of co related development of diverse array of techniques. A scientist name David Kasner developed an open sky cellulose sponge vitrectomy. From then onwards, the market has widened up immensely. This blog consists of market analysis of Vitreoretinal Surgery Devices Market incorporating details of imperative parameters-
Vitreoretinal Surgery Devices Market Growth Drivers: –
The prevalence of the eye related problems has significantly increased. Below written is the number of suffering from the particular eye ailments-
- Glaucoma- It is estimated that over 3 million Americans have glaucoma.
- Cataract- Approximately 24.4 million Americans age 40 are suffering from cataract.
- Retinal Degeneration- Nearly 20 million people in United States are suffering from retinal degeneration
- Diabetic Retinopathy- It has been expected that approximately 3.9 million people are having diabetic retinopathy
Hence, the soaring number of eye impairments leading to more people demanding for vitrectomy surgeries. It has been estimated that approximately 225,00 vitrectomies are performed annually in the United States.
Moreover, there have been remarkable advancements related to vitreoretinal surgery devices. Owing to this, people are becoming comfortable and coming forward for the surgical operations for medical reasons. Let us understand some of the prominent vitreoretinal instruments-
1-Vitrectomy Cutters
Since 1970s, vitreous cutters have been modified to achieve high performance surgeries. These devices maintain safety while surgeries. Various parameters such as cutting edge, cutting speed, port geometry, duty cycle, and blade design.
Cutter size-
In the year 2010, the first series of cases utilizing 27-gauge vitrectomy probes. One of the prominent advances in the retinal surgery is the decreased size of cutters. Smaller vitrectomy probes are capable of allowing the transition to the micro incision vitrectomy. It causes better patient comfort, earlier visual recovery, and less postoperative inflammation.
Cutter speed-
The substantial rise in the cutter speeds happened since Machemer launched the VISC (vitreous infusion suction cutter), in the year 1970. The cutters which are available now are capable of delivering cut rates of approximately 16,500 cuts per minute, depending upon the vitrectomy platform.
Cutter port and blade design-
The vitreous cutter port geometry and blade design may have remarkable influence in vitrectomy surgery. The standard guillotine shaped vitrectomy blade has been consistently use for many years.
2- Vitrectomy pumps
Generally, vitrectomy machines consist of a peristaltic pump. These peristaltic pumps work with rollers compressing and dislocating the fluid within a tube. In a study publish by EVRS (European Vitreoretinal Society) found that primary vitrectomy can be done by using pump. This vitrectomy is for the purpose of rhegmatogenous retinal detachment.
3- Endoillumination
The various advancements in endoillumination have done in the last few years. Some of the latest advancements are-
- Release of powerful light sources
- Usage of light filters to enhance tissue visualization & safety
- Integration of chandeliers into complicated cases
Vitreoretinal Surgery Devices Market Overview-
Vitreoretinal Surgery Devices market size valued over USD 1.9 billion in the year 2021. Moreover, vitreoretinal surgery devices market is anticipate to grow at CAGR of 3% from 2023 to 2030.
Some Key Market Trends-
Here are some of the key market trends in the vitreoretinal surgery devices market-
- In the year 2018, Alcon launched, a visualization system name NGENUITY 3D, aims to improve precision in the vitreoretinal surgeries.
- PPV (Pars plana vitrectomy) is a common technique use in vitreoretinal surgery that enable access to the posterior segment. It is utilize in treating conditions such as retinal detachments, endophthalmitis, vitreous hemorrhage, macular holes and endophthalmitis.
- In September 2018, a company named, Optikon, launched R-Evo smart, a compact equipment with aim to improve the quality of retinal and cataract surgeries.
- In March 2022, Dutch Opthalmic Research Center launched Smart IOP, name EVA NEXUS, a highly responsive infusion system for cataract surgery.
- In September 2022, Lomb + Bausch Corporation entered into an agreement with Alfa Instruments. This agreement aims to commercialize and distribute Alfa Instruments surgical line.
Major Players for Vitreoretinal Surgery Devices Market-
Some of the major companies that are present in the global vitreoretinal surgery devices market are as follows-
- Bausch & Lomb Incorporated
- Novartis AG
- Inami & Co., Ltd
- Dutch Ophthalmic Research Center
- Paragon Care Group pty Ltd
- Oculus Inc
- MedOne Surgical, Inc
- Carl Zeiss Meditec AG
- Peregrine Surgical
In a nutshell,
Owing to various growth driving factors the Vitreoretinal Surgery Devices Market is anticipate to hold ample of opportunity. Recently, research nester has published an elaborative report which incorporates various imperative parameters related to the market. It is always prudent to know the intricacies of the market before entering into it.