The Global Diabetic Eye Disease Devices Market 2016-2020 is a new research report added to SandlerResearch.org. Advances in technology have led to innovation of new products that offer quick and safe methods to treat diabetic retinopathy. Increased use of vitrectomy machines in the treatment of retinal detachment and vitreous hemorrhage is one such trend.
Complete report on diabetic eye disease devices market spread across 65 pages, analyzing 5 major companies and provides 40 data exhibits is now available at http://www.sandlerresearch.org/global-diabetic-eye-disease-devices-market-2016-2020.html .
The analysts forecast the global diabetic eye disease devices market to grow at a CAGR of 8.81% during the period 2016-2020. According to the diabetic eye disease devices market report, Increase in older population worldwide, growing incidence of diabetic retinopathy, and age-related macular degeneration (AMD) will lead to a rise in demand for retinal surgeries.
Segmentation by technology and analysis of the diabetic eye disease devices market : Laser surgery, Vitrectomy
Order a copy of Global Diabetic Eye Disease Devices Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=53017 .
During 2015, the vitrectomy segment dominated the market and accounted for nearly 63% of the market share. Vitrectomy is a microsurgical procedure used to address advanced stages of diabetic eye diseases. The process involves the removal of the blood-filled vitreous, and its replacement with a clear solution. The chances of losing vision and blindness are high if the surgical reattachment of the retina is performed incorrectly.
In diabetic eye disease devices industry report, the analysts have estimated the Americas to dominate the market and hold the largest market share of more than 55% during 2015. The US is the largest revenue generator in this region. According to the IDF estimates, in 2015, 30 million people in the US had diabetes, which was the highest among 38 developed nations. Due to the increasing number of people with diabetes, there has been increasing incidences of eye disorders among the older population. Factors such as the recent technological advancements and awareness of laser eye surgeries will propel this market’s growth in the Americas.
The global diabetic eye disease devices market is highly competitive and characterized by the technological advancements and innovation. The market has several small and regional vendors developing strategic alliances with global players to gain market share. Factors like increased product portfolio extensions, advances in technology, and R&D have resulted in intense competition among vendors. The competition is expected to intensify with vendors using innovative marketing strategies to gain market presence.
Key players in the Global Diabetic Eye Disease Devices Market: Alcon Inc., Ellex Medical Lasers Ltd., IRIDEX Corp., Synergetics USA Inc., and Topcon Corp. Other Prominent Vendors in the market are: Abbott Medical Optics, Bausch & Lomb, Carl Zeiss Meditec, Lumenis, Meridian, NIDEK, Quantel, and Rhein Medical.
Further, the report states that the presence of substitutes for diabetic eye surgeries can impede market growth.
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