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Vitreous Tamponades Market to Reach over US$89.9 mn by 2025
by Metcarl · February 19, 2019
Transparency Market Research (TMR) in a new market study r
For instance, the vitreous tamponades market in North America is dominated by Novartis AG and Valeant Pharmaceuticals that hold more than 50% of market share. Likewise, the European market for vitreous tamponades is characterized by the dominance of Dutch Ophthalmic Research Center B.V. Wholesale Jerseys , AL. CHI. MI.A. srl, and Fluron GmbH.
A notable trend observed in the market is the thrust on research and development by keen companies to introduce newer products. This is to serve the demand for case 鈥?specific products for specialty medical procedures.
As per estimates of the TR report, the global vitreous tamponades market stood at a valuation of US$69.3 mn in 2016and is likely to present an opportunity worth US$89.9 mn by the end of 2025 at a CAGR of 3.0% for the forecast period between 2017 and 2025.
In terms of product, liquid tamponades emerged as the lucrative segment holding 53.9% of the market in 2016. The supremacy of the segment is due to the widespread use of liquid tamponades over gaseous tamponades. The ophthalmology clinics send-use segment led the global vitreous tamponades market vis-脿-vis revenue in 2016. Geography-wise Cheap Authentic NFL Jerseys , North America holds the leading share amongst other regions in vitreous tamponades market.
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Rising Incidence of Diabetes Leading to Retinal Conditions Boosts Growth
鈥淪teady growth of vitreous tamponades market is witnessed due to increasing incidence of retinal detachments, diabetic retinopathy, macular pucker, and other retinal disorders Cheap NFL Jerseys ,鈥?explains the lead author of the study. As per statistics of the American Academy of Ophthalmology, 17 million cases of proliferative diabetic retinopathy were recorded globally in 2013. Diabetic retinopathy exclusively requires vitrectomy, which in turn, is stoking demand for vitreous tamponades.
This is because modern vitrectomy techniques rely heavily on vitreous substitutes for the reattachment of the retina. Moreover Cheap Jerseys From China , as per statistics of the International Diabetes Federation, around 300 million diabetes cases were reported in 2010 globally and this figure is likely to reach 438 million by 2030. The rising incidence of diabetes that has a high risk to cause diabetes retinopathy and other retinal disorders is stoking the demand for tamponades to prevent impaired vision and even blindness.
Prevalence of Retinal Detachment Stokes Demand for Tamponades for Vitrectomy
Further, the rising incidence of retinal detachment and other vitreoretinal disorders that can be corrected with vitrectomy is positively influencing the vitreous tamponades market. Vitrectomy involves surgical removal of the vitreous humor to be replaced with synthetic substitutes known as vitreous tamponades. In the human eye, vitreous humor is a vital component that acts as nutrition and as a refractive medium. In the event of trauma or upon aging Cheap Jerseys China , the vitreous humor disintegrates leading to tearing or detachment of the highly fragile retina.
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Apart from this, growing elderly population globally is also considered as one of the key factors boosting the growth of vitreous tamponades market. This is because the aged population has a high risk of retinal breaks that requires effective treatment.