Vitrectomy Devices Market Expected to Reach $1.7 Billion by 2032

According to a new report published by Allied Market Research, titled, “Vitrectomy Devices Market: Opportunity Analysis and Industry Forecast, 2024–2032," The vitrectomy devices market was valued at $1.1 billion in 2023 and is estimated to reach $1.7 billion by 2032, exhibiting a CAGR of 5.1% from 2024 to 2032.

Vitrectomy devices include surgical tools and instruments used in vitrectomy procedures, which involve the removal of the vitreous gel from the eye to treat retinal disorders and other vitreous-related conditions. These devices include vitrectomy machines, and various surgical probes designed to enhance precision and safety during eye surgeries. The market caters to ophthalmic surgeons and healthcare providers seeking advanced solutions for effective treatment of retinal diseases and disorders.

Factors that drive the growth of the vitrectomy devices market include the rise in prevalence of retinal disorders, such as macular hole, diabetic retinopathy, and retinal detachment. As these conditions become more common, there is an increase in demand for effective surgical interventions. For instance, according to the Centers for Disease Control and Prevention (CDC), the prevalence of diabetic retinopathy is notably lower among those younger than 25, at 13.0%, however, significantly higher among individuals aged 65-79, reaching 28.4%. This age-related increase in DR prevalence boosts demand for effective treatment solutions. As the aging population continues to expand globally, the incidence of diabetic retinopathy and the associated need for vitrectomy procedures are expected to rise correspondingly. Increase in number of older adults with diabetes, who are more likely to experience severe forms of DR, further fuels the demand for advanced vitrectomy devices designed to address complex retinal conditions.

In addition, technological advancements, rise in awareness of eye health, and the availability of advanced diagnostic tools play a crucial role in driving the vitrectomy devices market expansion. As patients become more informed about retinal disorders and their treatment options, they are more likely to seek medical attention and undergo vitrectomy procedures when necessary. Public health campaigns and educational initiatives contribute to greater awareness and early detection of retinal conditions, further boosting the demand for vitrectomy devices.

However, the high costs associated with advanced vitrectomy equipment and procedures limit accessibility, particularly in developing regions with constrained healthcare budgets, thereby hindering market growth. In addition, the complexity of vitrectomy surgeries and the need for specialized training are barriers to widespread adoption and utilization of these devices. Complications of surgery are rare, however include infection, bleeding, high or low eye pressure, cataract, retinal detachment, and loss of vision.

In contrast, emerging markets, particularly in Asia-Pacific, LAMEA present another significant opportunity. These regions have witnessed rapid economic growth, improvements in healthcare infrastructure, and an increase in awareness of eye health. As a result, they offer lucrative opportunities for market expansion, especially as governments and private entities invest in healthcare advancements. In addition, ongoing research, and innovation in vitrectomy technologies, along with potential partnerships and collaborations with healthcare institutions, present opportunities to address unmet clinical needs and drive market expansion. These factors collectively create a dynamic environment for growth and innovation in the vitrectomy devices market.

The vitrectomy devices market is segmented into product, application, and region. By product, it is divided into vitrectomy packs, vitrectomy machines, surgical instruments, and others. The vitrectomy packs segment accounted for the largest share in terms of revenue in 2023, owing to their comprehensive nature and essential role in vitrectomy procedures. These packs typically include a range of critical instruments and consumables required for performing vitrectomies.

However, the vitrectomy machines segment is expected to register the highest CAGR during the forecast period. This is attributed to the essential role of these machines play in performing vitrectomy surgeries, which involve removing the vitreous gel from the eye to treat various retinal disorders. Vitrectomy machines are equipped with advanced functionalities, such as cutting-edge illumination, fluid control, and precise suction capabilities, making them indispensable for successful surgical outcomes. In addition, the increase in incidence of retinal diseases such as macular holes, diabetic retinopathy, and retinal detachment, combined with an aging population, further boosts the demand for vitrectomy machines.

By application, the market is classified into diabetic retinopathy, retinal detachment, epiretinal membrane, macular hole, and others. The macular hole segment dominated the market share in 2023. This is attributed to the rise in prevalence of macular holes, surge in awareness of early diagnosis & treatment options for these disorders, and advancements in vitrectomy techniques.

However, the retinal detachment segment is expected to register the highest CAGR during the forecast period. This is attributed to the increase in incidence of retinal detachment cases, driven by factors such as aging population and rising rates of eye injuries and myopia. In addition, the rise in awareness of early detection and treatment options, along with an expanding number of specialized ophthalmic centers, is expected to further boost the demand for vitrectomy procedures in retinal detachment.

Region-wise, North America dominated the market share in 2023. This is attributed to its advanced healthcare infrastructure, high adoption of innovative technologies, and significant investments in research & development. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. This is attributed to a rise in healthcare infrastructure and an increase in investments in medical technology. The region's large and aging population, coupled with rising diabetes rates, drives demand for advanced vitrectomy solutions.

Key Findings of the Study

• On the basis of product, the vitrectomy packs segment dominated the vitrectomy devices market in terms of revenue in 2023. However, the vitrectomy machines segment is expected to register the highest CAGR during the forecast period.
• On the basis of application, the macular hole segment dominated the market share in 2023. However, the retinal detachment segment is expected to register its highest CAGR during the forecast period.
• By region, North America garnered the largest revenue share in 2023. However, Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.