Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The "Europe Retinal Surgery Devices Market Report Forecast by Product, Application, End-user, Countries and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
A recent market analysis on the Europe Retinal Surgery Devices sector projects substantial growth by the year 2032. The market valuation is anticipated to climb from US$ 633.03 million in 2023 to US$ 1.16 billion in 2032, at a compound annual growth rate (CAGR) of 7.01% between 2024 and 2032. This expansion mirrors an escalating demand for less invasive surgical interventions, coupled with a heightened awareness and early diagnosis of retinal disorders across Europe.
Aging Demographics and Diabetic Prevalence Catalyzing Market Growth
An upsurge in diabetic cases and an aging population prone to retinal conditions are significant factors influencing the Europe Retinal Surgery Devices market. With a marked increase in conditions such as diabetic retinopathy and age-related macular degeneration (AMD), there is a heightened demand for proficient and minimally invasive surgical devices.
Advancements in Retinal Surgery Technologies
Technological innovation continues to play a critical role in enhancing the efficiency and safety of retinal surgeries. Cutting-edge tools like high-resolution optical coherence tomography (OCT) and minimally invasive vitrectomy machines have revolutionized this medical domain, leading to more precise diagnostic capabilities and surgical outcomes.
Shifting Trends Toward Minimally Invasive Surgeries
Patients across Europe increasingly prefer minimally invasive surgery options due to the associated benefits of reduced recovery time and less post-operative discomfort. This preference is driving the adoption of sophisticated retinal surgery devices that facilitate these advanced procedures with greater precision and efficacy.
Germany's Role in Market Enhancement
Germany is experiencing a robust growth within the retinal surgery devices market, propelled by an increased incidence of retinal diseases. The country's advanced healthcare infrastructure and a conducive regulatory environment further bolster the market's expansion, as do ongoing innovations from leading German medical device corporations.
Europe Retinal Surgery Devices Company Landscape
The European market is characterized by the presence of prominent players such as Topcon Corporation, Alcon Inc., Carl Zeiss, Bausch Health Companies Inc, Iridex Corporation, Pfizer Inc., Johnson & Johnson, and Essilor International SA. These leading companies are known for their extensive product portfolios and their commitment to innovation, which contributes to the ongoing vitality of the market.
Market Breakup and Forecast
The report offers an insightful analysis of the market, detailing product segments, applications, and end-user perspectives. It also provides a country-level forecast, identifying key trends and opportunities for market players in various European nations.
As the European market for retinal surgery devices continues on its growth trajectory, the emphasis on technological advancements and patient-centered approaches is expected to further propel the industry forward, marked by improved patient outcomes and a sustained pace of innovation.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $633.03 Million |
| Forecasted Market Value (USD) by 2032 | $1164.93 Million |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Europe |
Companies Featured
- Topcon Corporation
- Alcon Inc.
- Carl Zeiss
- Bausch Health Companies Inc
- Iridex Corporation
- Pfizer Inc.
- Johnson & Johnson
- Essilor International SA
For more information about this report visit https://www.researchandmarkets.com/r/3m469w
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