United States Retinal Surgery Devices Market Size and Share Analysis - Growth Trends and Forecast Report 2024-2032

United States Retinal Surgery Devices Market

The United States Retinal Surgery Devices Market will reach US$ 1,183.75 million by 2032, up from US$ 647.14 million in 2023, with a CAGR of 6.94% between 2024 and 2032. The main forces behind of the growth of the U.S. market for retinal surgery equipment are the aging population, advances in less invasive surgical procedures, and the increasing prevalence of retinal disorders. The industry also benefits from improved infrastructure for healthcare, ongoing research and development, and a greater understanding of retinal health. The market is growing as a result of the incorporation of cutting-edge technologies and the rising need for efficient treatments.

The report United States Retinal Surgery Devices Market & Forecast covers by Product (Vitrectomy Machines, Vitrectomy Packs, Surgical Instruments, Microscopic Illumination Equipment, Retinal Laser Equipment), Application (Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole), End User (Hospitals, Eye Clinics, Others), Countries and Company Analysis (2024-2032).

United States Retinal Surgery Industry Outlooks

Devices used in retinal surgery are those made specifically to restore ripped or detached retinas in humans. For increased sterility, a variety of materials, including medical-grade silicone and stainless steel, are used in their manufacturing. The vitrectomy machines, retinal laser apparatus, and surgical tools, including cannulas, cutters, scissors, retractors, and cryoprobes, are all accessible. They also come in a variety of sizes, forms, structures, patterns, and purposes. Their mounting times are shortened and simpler, saving time and improving patient safety. They help humans replace unhealthy or damaged tissues with donor healthy cells. In addition, they help improve the capacity of surgeons to treat different kinds of ocular tissues under varied surgical circumstances. Since they are frequently used to address vision-related issues in people, including strabismus, amblyopia, and refractive errors, there is a growing need for retinal surgery instruments in United States.

One of the main driver positively fueling the US market for retinal surgery equipment is the rising frequency of various eye disorders in the general population in the US, such as macular degeneration, diabetic retinopathy, and retinitis pigmentosa. As a result, the market is growing as a result of the increased need for different retinal surgery technologies, which save time and money and increase surgical efficiency for particular patients.

Driving Forces of United States Retinal Surgery Market

Growing ageing population

The aging population has a major impact on the growth of the retinal surgery device market in the United States. Age-related retinal problems, including diabetic retinopathy and age-related macular degeneration (AMD), are becoming more common as the Baby Boomer population ages. The prevalence of these disorders among older persons is increasing, which is fueling the need for efficient retinal surgical procedures.

As baby boomers continue to age past retirement, it is anticipated that the U.S. population will age more quickly than any other age group in the nation during the following ten years. Every day, more than 10,000 Americans become 65 years old. The natural aging process can cause degenerative changes in the retina, putting older persons at higher risk for a variety of retinal illnesses. A greater number of patients may need sophisticated surgical procedures as a result of this demographic shift in order to manage and possibly even reverse vision deterioration. Furthermore, older persons are more likely to seek treatment for issues related to their vision and often have easier access to healthcare. The need for retinal surgery instruments is further fueled by this rise in healthcare consumption.

Rising Incidence of Retinal Disorders

The US market for devices used in retinal surgery is expanding due in large part to the rising prevalence of retinal illnesses. The aging population and the impact of lifestyle choices on the prevalence of retinal problems lead to an increased demand for complex surgical operations. AMD (age-related macular degeneration), diabetic retinopathy, and retinal detachment are the main problems causing this trend; as the population ages and diabetes rates rise, so do these three conditions.

For instance, the CDC estimates that 12 million Americans aged 40 and above had visual impairment in 2021. There were one million blind people, three million people with corrected vision impairment, and eight million people with uncorrected refractive error-related visual impairment. In addition, 6.8% of US children under the age of 18 received a diagnosis of an eye or vision problem. Approximately 3% of children under the age of 18 were classified as blind or visually impaired, meaning they had problems seeing even with glasses or contact lenses. Thus, there is an increasing need for retinal procedures due to the nation's growing incidence of eyesight issues.

Additionally, the rise in retinal illnesses has accelerated the demand for specialist instruments for retinal surgery, including sophisticated lasers, imaging systems, and surgical instruments made to handle these intricate problems. The increase in patients seeking treatment has forced healthcare practitioners to adopt state-of-the-art technologies to improve patient outcomes and quality of life. As a result, the growing prevalence of retinal illnesses directly propels market expansion and innovation in the retinal surgery device industry.

Technological Advancements

One of the primary drivers of growth for the U.S. market for retinal surgery instruments is technological developments. The effectiveness and accuracy of retinal treatments have been greatly improved by advances in surgical technologies. The development of minimally invasive methods, which shorten recovery periods and enhance patient outcomes, is one of the major advancements. More precise diagnosis and focused therapy are made possible by advanced imaging technologies like fluorescein angiography and optical coherence tomography (OCT), which offer detailed views of retinal structures.

Furthermore, Conventional retinal surgeries have changed with the advent of cutting-edge equipment such as robotically assisted surgical instruments and 3D operative imaging systems. These innovations lower the possibility of problems and improve surgical precision. Furthermore, advances in laser technologies, such as the application of high-resolution lasers for retinal photocoagulation, provide more efficient therapies for diseases including macular degeneration and diabetic retinopathy. Due to ongoing attempts to create novel materials and technologies, as well as advancements in data analytics and artificial intelligence, the market is anticipated to continue growing. The U.S. market for retinal surgery equipment has grown overall as a result of these advances, which also increase patient demand for cutting-edge treatment alternatives.

Difficulties in United States Retinal Surgery Devices Market

High Expense of Retinal Surgery Devices

One of the significant difficulties that exist in the U.S. retinal surgery devices market is the high cost of advanced surgical equipment. These devices, which include vitrectomy machines, laser systems, and retinal implants, involve significant investment, and hence expensive for small clinics and healthcare providers. Furthermore, the maintenance cost and replacement parts further raise the expense. Even though insurance helps cover the costs of the patients, there is a budget constraint at hospital and surgical center levels while procuring high-tech retinal surgery equipment.

Shortage of Highly Skilled Retinal Surgeons

Increasing incidences of retinal disorders such as diabetic retinopathy and age-related macular degeneration are creating a demand for retinal surgery. But on the contrary, the challenge lies in a shortage of skilled ophthalmic surgeons experienced with retinal procedures. The procedure for retinal surgeries is intricate and demands extensive expertise, yet the training is long and tedious. In most cases, inadequate specialists restrict patients from receiving surgery in a timely manner, mainly in rural or underserved settings, where experienced retinal surgeons may not be available in local healthcare facilities.

United States Retinal Surgery Vitrectomy Machines Market

The U.S. vitrectomy machine market is growing due to the increasing prevalence of vitreoretinal disorders and advancements in surgical techniques. Vitrectomy machines are essential for treating retinal detachment, macular holes, and vitreous hemorrhages. The demand for minimally invasive procedures has led to developing more efficient and compact vitrectomy systems. In June 2024, Alcon's UNITY® Vitreoretinal Cataract System (VCS) and UNITY® Cataract System (CS) received FDA 510(k) clearance, marking the first innovations from its Unity portfolio.

United States Retinal Surgery Detachment Market

Retinal detachment is a serious condition that requires immediate surgical intervention to avoid loss of vision. In the United States, improvements in surgical techniques, including pneumatic retinopexy, scleral buckling, and vitrectomy, have enhanced treatment results. The growing prevalence of retinal detachment caused by aging populations and conditions such as diabetes has increased the demand for surgical interventions. Accessibility to specialized treatment centers and the costs of retinal detachment surgeries pose a significant limitation for most patients. Improvements in imaging and laser technology will improve the surgical process and make the treatment more accessible.

United States Retinal Surgery Devices Hospitals Market

United States hospitals are some of the highest consumers of retinal surgery devices, considering that they deal with a huge number of complex eye surgeries. The adoption of advanced surgical equipment, including micro-incision vitrectomy systems and robotic-assisted retinal surgery devices, is increasing, thereby enhancing the precision of surgery and patient outcomes. However, budgetary constraints and reimbursement issues prevent hospitals from investing in the latest technology. It takes time and resources to train staff to operate sophisticated retinal surgery devices. Despite these challenges, hospitals remain a primary driver of growth in the retinal surgery devices market. By Oct 2024, ZEISS Medical Technology will be exhibiting digital innovations and surgical solutions at the Chicago AAO conference, which will help improve the care of cataract, corneal refractive retina, as well as glaucoma. All the developments will create a connected environment that improves patient management and supports personalized treatment.

California Retinal Surgery Devices Market

In California, the retinal surgery devices market is thriving with support from advanced healthcare infrastructure and leading research institutions. The state houses some of the best ophthalmology centers and hospitals specializing in retinal surgeries. Besides, huge investment in medical technology startups has been driving innovation in retinal surgery devices. However, California's high cost of living and healthcare costs make it difficult for some patients to access advanced treatments. Continued research and technological advancements are expected to strengthen the market and improve patient care in the state. October 2024, Horizon Surgical Systems, Inc., a micro-robotics company dedicated to advancing microsurgery with AI-enabled robotics, has closed a $30M Series A financing. The round was led by ExSight Ventures and a major corporate investor, with participation from Main Street Advisors and UC Investments.

New York Retinal Surgery Devices Market

New York is a significant hub for retinal surgery advancements, with world-class hospitals and research centers contributing to market growth. The presence of highly skilled ophthalmic surgeons and access to cutting-edge surgical technologies make New York a leading market for retinal surgery devices. However, the high costs associated with medical treatments and insurance complexities can limit accessibility for some patients. Expansion of health care coverage and cost-effective surgical solutions are needed to drive the market. The state remains a leader in innovative retinal treatments and research. Jul 2024, NYC Health + Hospitals/Harlem launched a state-of-the-art Surgical Retina Service, expanding ophthalmology care for complex retinal conditions. Developed in partnership with Columbia University Irving Medical Center's Edward S. Harkness Eye Institute, the service enhances vision-saving treatments in Harlem.

Florida Retinal Surgery Devices Market

The market for devices used in retinal surgery in Florida is expanding significantly, propelled by a number of important causes. First off, the demand for retinal surgical procedures is greatly influenced by Florida's sizable and aging population. Advanced surgical therapies are required for age-related retinal illnesses such diabetic retinopathy and age-related macular degeneration (AMD), which are becoming more common as the state's elderly population develops.

In Florida, technological developments are another important factor fueling business expansion. Innovative retinal surgery technologies, such as minimally invasive procedures, high-resolution imaging systems, and advanced laser and surgical instruments, are being progressively adopted by the state's healthcare facilities. The need for cutting-edge surgical treatments is increased by these technologies, which improve patient outcomes and treatment precision.

Furthermore, Florida's robust research institutes and healthcare system facilitate the creation and accessibility of state-of-the-art retinal technologies. The state makes sure that new technologies are swiftly incorporated into clinical practice by emphasizing accessibility and innovation in healthcare. The market is growing as a result of developments in patient education and growing awareness of retinal health.

United States Retinal Surgery Devices Company News

January 2023- Topcon Healthcare, a prominent supplier of medical equipment and software to the worldwide eye care community, has announced the release of the NW500, a new robotic fundus camera that is easy to use and produces accurate, high-quality images even in low light.

April 2022-Parkhurst NuVision introduced EVO Visian ICL, a revolutionary vision device, in the US following FDA approval.

United States Retinal Surgery Devices Market Segments

Product – Market breakup in 6 viewpoints:

1. Vitrectomy Machines
2. Vitrectomy Packs
3. Surgical Instruments
4. Microscopic Illumination Equipment
5. Retinal Laser Equipment
6. Others

Application – Market breakup in 5 viewpoints:

1. Diabetic Retinopathy
2. Retinal Detachment
3. Epiretinal Membrane
4. Macular Hole
5. Others

End User – Market breakup in 3 viewpoints:

1. Hospitals
2. Eye Clinics
3. Others

States – Market breakup in 29 viewpoints:

1. California
2. Texas
3. New York
4. Florida
5. Illinois
6. Pennsylvania
7. Ohio
8. Georgia
9. New Jersey
10. Washington
11. North Carolina
12. Massachusetts
13. Virginia
14. Michigan
15. Maryland
16. Colorado
17. Tennessee
18. Indiana
19. Arizona
20. Minnesota
21. Wisconsin
22. Missouri
23. Connecticut
24. South Carolina
25. Oregon
26. Louisiana
27. Alabama
28. Kentucky
29. Rest of United States

All the key players have been covered from 5 Viewpoints:

• Business Overview
• Key Persons
• Product Portfolio
• Recent Development & Strategies
• Financial Insights

Key Players Analysis:

1. Topcon Corporation
2. Alcon Inc.
3. Carl Zeiss
4. Bausch Health Companies Inc
5. Iridex Corporation
6. Escalon Medicals Corp.
7. Synergetics USA Inc.
8. Nidek Co. Ltd.

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