Retinal Detachment Market Overview:
Retinal detachment is a disorder which is caused when the light-sensitive layer of tissue or retina gets separated from the supportive tissue. This condition may lead to permanent vision loss if left untreated. As per the study report that has been published by Market Research Future (MRFR The Retinal Detachment Market is expected to reach USD 3,534.2 Million by 2030 at 8.8% CAGR during the forecast period 2022-2030.
Market Drivers and Restraints:
The global rise in geriatric population and prevalence of diabetes are resulting in increased incidences of retinal detachment which is inducing high demand for effective treatments in the global retinal detachment market trends. Increasing cases of retinal detachment among the individuals who have previously undergone cataract surgery are resulting in the growth of the global retinal detachment market during the forecast period.
Rapid technological advancement is leading to the introduction of sophisticated retinal surgical devices with minimally invasive nature. Rising inclination towards minimally invasive surgical treatments is propelling the growth of the global retinal detachment market. Increasing population with the family history of retinal detachment is another factor that is causing the rise in incidences of retinal detachment, leading to the expansion of the global retinal detachment market. However, high cost of retinal surgery is acting as one of the major restraints on the growth of the global retinal detachment market during the forecast period.
Market Segmentation:
The global retinal detachment market insights segmented on the basis of type, diagnosis, treatment and end user. Based on type, the retinal detachment market is segmented into rhegmatogenous, tractional, exudative, and others. Based on diagnosis, the retinal detachment market is segmented into retinal examination, imaging, fluorescein angiography, fundus photos, visual field test and others. The imaging test segment is sub-segmented into ultrasound and others. The ultrasound sub-segment includes B-scan, A-Scan and others.
Based on treatment, the retinal detachment market is segmented into retinal tears, retinal detachment and others. Retinal tears segment includes laser surgery (photocoagulation), freezing (cryopexy) and others. The retinal detachment segment is sub-segmented into pneumatic retinopexy, scleral, vitrectomy and others. Based on end-users, the retinal detachment market is segmented into eye hospital and clinics, medical research centers, academic institutes and others.
Regional Analysis:
Geographically, the global retinal detachment market is segmented into Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas include North America and Latin America. Among these, the North America region is projecting dominance over the global retinal detachment market owing to the rapid adoption of advanced technology in the healthcare sector and increasing healthcare expenditure by the population in this region. The Europe region commands for the second largest share in the global retinal detachment market owing to the increasing research and development funding in the healthcare sector in this region.
The Asia Pacific region is projecting significant growth in the global retinal detachment market owing to the increased adoption of new treatment options, introduction of advanced surgical devices, developing healthcare infrastructure and increasing public awareness regarding the available treatments in this region. In the Middle East and Africa region, the retinal detachment market in the Middle Eastern countries like Saudi Arabia and UAE is growing at a noteworthy pace owing to the availability of top-class medical facilities and increasing support from government to improve public health in this region.
Key Players:
The retinal detachment market players are Carl Zeiss Meditec, Inc. (the U.S.), Centervue SpA (Italy), Co:Lab Pensacola (the U.S.), Eyenuk Inc (the U.S.), Imagine Eyes (France), HealPros, LLC (the U.S.), NEUROVISION IMAGING, LLC . (The U.S.), Optos (the U.K.), Peek Vision Ltd. (the U.K.) and others.
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