The Latin America, Middle East and Africa Vitrectomy Devices Market is expected to witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Vitrectomy is a highly popular and common method for correcting deformities in the retina. In the last couple of years, vitrectomy has achieved high traction. It provides retina correction for the complete field of the inferior of the eye that includes the peripheral vision. Vitreous gel replacement is carried out with a saline solution or artificial vitreous fluid. It does not easily fog and can be refilled to maintain ocular pressure if damaged, and some other alternative can be utilized for the same. It is less costly as compared to the prescribed silicon oil treatment to maintain the retinal attachment and ocular pressure. The technological advancements in vitrectomy cutters is expected to boost the growth of the vitrectomy devices market during the forecast period.
The rising trend of regular eye check-ups is creating massive demand for vitrectomy procedures and eventually surging the number of new players in the regional vitrectomy devices market. On the other hand, the massive cost of eye-related procedures and devices, less adoption rate for these applications particularly in emerging countries, strict government norms and guidelines regarding medical devices are some of the key factors that are likely to propel the growth of regional vitrectomy devices market during the forecast period.
Moreover, many countries in the region are witnessing a drastic surge in the geriatric population, which is likely to boost the demand for the vitrectomy market during the forecasting period. Many key market players are entering into the region with an aim to launch cost-effective as well as advanced vitrectomy devices that are expected to create lucrative growth opportunities for the regional Vitrectomy devices market during the forecast period.
The Vitrectomy Machines market dominated the South Africa Vitrectomy Devices Market by Product in 2020, thereby, achieving a market value of $7.2 million by 2027. The Illumination Devices market is expected to witness a CAGR of 8.9% during (2021 - 2027).
Based on Application, the market is segmented into Vitreous hemorrhage, Macular hole, Diabetic retinopathy, Retinal detachment, and Other Applications. Based on Product, the market is segmented into Vitrectomy Machines, Illumination Devices, Photocoagulation Lasers and Vitrectomy Packs. Based on End Use, the market is segmented into Ophthalmology clinics, Hospitals and Ambulatory Surgical Centers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bausch Health Companies, Inc., Carl Zeiss AG, Johnson & Johnson, Topcon Corporation, Hoya Corporation, Alcon, Inc., Beaver-Visitec International, Inc. (TPG Capital), Blink Medical Ltd. (Katena Products, Inc.), Nidek Co., Ltd., and Lumenis Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Vitreous hemorrhage
- Macular hole
- Diabetic retinopathy
- Retinal detachment
- Other Applications
By Product
- Vitrectomy Machines
- Illumination Devices
- Photocoagulation Lasers and
- Vitrectomy Packs
By End Use
- Ophthalmology clinics
- Hospitals and
- Ambulatory Surgical Centers
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bausch Health Companies, Inc.
- Carl Zeiss AG
- Johnson & Johnson
- Topcon Corporation
- Hoya Corporation
- Alcon, Inc.
- Beaver-Visitec International, Inc. (TPG Capital)
- Blink Medical Ltd. (Katena Products, Inc.)
- Nidek Co., Ltd.
- Lumenis Ltd.
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Table of Contents
Companies Mentioned
- Bausch Health Companies, Inc.
- Carl Zeiss AG
- Johnson & Johnson
- Topcon Corporation
- Hoya Corporation
- Alcon, Inc.
- Beaver-Visitec International, Inc. (TPG Capital)
- Blink Medical Ltd. (Katena Products, Inc.)
- Nidek Co., Ltd.
- Lumenis Ltd.
Methodology
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