Retinal Detachment Treatment Market Overview

The term retinal detachment refers to a condition when the retina gets separates from the supporting layers. Such detachments are due to hole, retinal tear or break. This condition may lead to partial or even total blindness, subjected to the extent of detachment. It is severe condition which must be diagnosis at the earliest and treated. Blurred vision, partial vision loss, suddenly seeing many floaters, and others are some symptoms of this condition. It may affect people of any age group, but usually more common in the aging population aged from 60-70.

The incidence has averaged out with 10-15 number of detachment per 100,000 people. The rising prevalence of retinal detachment along with the changing technology are some important factor for the market growth. Innovation and gradual adoption of advanced products are supporting effective treatment of retinal detachment.

Hospitals are also rapidly adopting these devices as a part of their technology upgradation which is another key factor for the market growth. Increasing demand from emerging markets of Asia, Latin America, and Eastern Europe are providing fuel for the growth of the global retinal detachment market. The global retinal detachment market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Companies are developing and launching new innovative technologically advanced products for effective diagnostics and treatment are leading the market growth.

The global market size for retinal detachment is anticipated to grow at a CAGR of approximately 5.9% over the forecast period from 2017-2023.

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Retinal Detachment Treatment Market Segmentation

The segment assessment for the worldwide retinal detachment treatment market size is done by biomaterial, product type, procedure, device type, end-user, and application.

• The procedure-based segments of the market are minimally invasive surgery (MIS), and open surgery among others.
• The device type-based segments of the retinal detachment treatment market are external fixation devices and internal fixation devices. The external fixation devices segment comprises orthopedic screws, orthopedic rods/wires, fixation pins. The external fixation segment can earn high profit for the market.
• The product type-based segments of the retinal detachment treatment market are trauma and craniomaxillofacial implants, spinal implants, reconstructive joint implants, dental implants, and others
• The biomaterial-based segments of the retinal detachment treatment market are ceramic biomaterials, metallic biomaterials, polymer biomaterials, and natural biomaterials.
• The application-based segments of the market are spine fracture, neck fracture, shoulder replacement, and hip replacement among others.
• The end-user-based segments of the market are home cares, hospitals.

Retinal Detachment Treatment Market Regional Analysis

The global retinal detachment market is segmented into five major regions including Americas, Europe, Asia Pacific, and Middle East and Africa region.

The Americas regions considered as the largest revenue generation in the global retinal detachment market owing to the factors such as rising investment in R&D as well as clinical trials, pharmaceutical companies implementing aggressive promotional strategies. Moreover factors such as increasing prevalence of various skin diseases is major driving force in the US retinal detachment market. This condition are more common in males than females. In the U.S., the prevalence of retinal detachment is around 8%. Usually, the age group of 18-44 are more susceptible for contracting this disease. Availability of skilled medical professionals, availability of top class healthcare facilities, well-educated patients and high income are a few important factors defining the Americas retinal detachment market.

The European market is the second largest market for retinal detachment. Moreover, every year on an average about 7,300 new cases are seen in UK for retinal detachment. Eastern European countries are also showing significant growth in this market. Patients from different European countries are travelling to Eastern European countries to get comparatively low cost treatments that boosting medical tourism in this region.

Furthermore, Asia Pacific region has emerged as the fastest growing market for retinal detachment owing to the rising healthcare expenditure and increasing awareness in this region. Moreover, the rapidly growing healthcare sector has resulted the key players on focusing for emerging economies as target population which include Asian and South American regions.

The Middle East and Africa region is anticipated to grow at a limited pace due to the slow adoption of new therapies and products, lack of awareness, and traditional healthcare practices. Developed Middle Eastern region is holding largest market share while Africa region is growing steadily.

Retinal Detachment Treatment Market Players

• Globus Medical, Inc. (U.S.)
• Depuy Synthes Inc. (Johnson & Johnson) (U.S.)
• Smith & Nephew plc. (UK)
• NuVasive, Inc. (U.S.)
• Stryker Corporation (U.S.)
• Integra LifeSciences Holdings Corporation (U.S.)
• Zimmer Biomet Holdings, Inc. (U.S.)
• Medtronic, plc (Ireland)
• Wright Medical Group N.V. (Netherlands)
• The Orthopedic Implant Company (U.S.)
• Aesculap Implant Systems (U.S.)
• Conmed Corporation (U.S.)
• BioTek Instruments, Inc. (U.S.)
• Arthrocare Corporation (U.S.)

among others are some key companies in the global retinal detachment treatment that are listed by MRFR for market research.

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