High Prevalence of Eye Diseases and Approval and Launch of New Products to Augment Growth of Pediatric Vitrectomy Market

 

Pediatric Vitrectomy Market

High prevalence of eye diseases such as endophthalmitis, retinal detachments, and vitreous hemorrhage is expected to propel growth of the pediatric vitrectomy market. For instance, according to the study, ‘Increasing frequency of hospital admissions for retinal detachment and vitreo-retinal surgery in England 2000-2018’, published in November 2020, episodes of “retinal detachments with breaks” increased year on year from 3,447 in 2000 to 10,971 in 2018, whereas records of “tractional retinal detachment” increased from 290 to 910 in the same period.

However, low presence of ophthalmologists in emerging economies is expected hinder growth of the pediatric vitrectomy market. For instance, according to the study, “Estimated number of ophthalmologists worldwide (International Council of Ophthalmology update): will we meet the needs?” published in March 2020, in 2015, the ratio of ophthalmologists per million population for low-income countries was 3.7 compared to 76.2 for high-income countries.

Asia Pacific is expected to witness significant growth in the pediatric vitrectomy market, owing to increasing prevalence of cataract in the region. For instance, according to the study, “The prevalence and risk factors for cataract in rural and urban India”, published in the Indian Journal of Ophthalmology, in March 2019, cataract was present in 1094 of the rural and 649 subjects in the urban population and monotype subtype cataracts were found in 32% and 25% in rural and urban population and 12.68% and 18.6% were mixed cataracts in the rural and urban groups.

Competitive Analysis

Major players operating in the global pediatric vitrectomy market include, Bausch + Lomb, Carl Zeiss Meditec AG, Optos Plc, Alcon, Orion Medic, Lumenis Ltd., Synergetics USA, Inc., Medone Surgical, Inc., Peregrine Surgical Ltd, and Nidek Co. Ltd.

Major players operating in the global pediatric vitrectomy market are focused on approval and launch of new products to expand their product portfolio. For instance, in January 2018, Bausch & Lomb and wholly owned subsidiary of Valeant, received CE Mark from the European Commission for the Stellaris Elite Vision Enhancement System, the company's next generation ophthalmic surgical platform.

Major players operating in the global pediatric vitrectomy market are also focused on adopting various marketing strategies to enhance their market share. For instance, in July 2020, Alcon announced to present key data highlighting advancements in vitreoretinal surgery during the American Society of Retina Specialists (ASRS) 2020 virtual annual meeting.

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