PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550618
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550618
Global vitreous tamponades market is estimated to be valued at USD 84.7 Mn in 2024 and is expected to reach USD 108.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 84.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 3.50% | 2031 Value Projection: | US$ 108.1 Mn |
Vitreous tamponades are substances injected into the vitreous cavity of the eye during retinal detachment surgery to stabilize the retina. These help flatten the retina against the inside surface of the eye. Some commonly used vitreous tamponades include silicone oils, perfluoro propane gases, and sulfur hexafluoride gases. Increasing prevalence of ophthalmic complications like retinal detachment and rising number of eye surgeries globally can drive the market growth during the forecast period.
Global vitreous tamponades market growth is driven by rising geriatric population, increasing incidence of retinal detachment, and growing number of eye surgeries. According to the United Nations, the number of people aged 65 years and above is projected to increase from 727 million in 2020 to 1.5 billion by 2050. The elderly people are more prone to developing retinal detachment due to age-related degeneration of tissues and lenses in the eyes. Moreover, growing awareness about available treatments and favorable reimbursement policies in developed countries can offer opportunities for vitreous tamponades market growth. However, high cost of retinal surgeries and stringent regulations for product approval can hamper the market growth. Rising medical tourism in developing markets can also offer key opportunity for market players.
This report provides in-depth analysis of the global vitreous tamponades market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include Alcon, Bausch & Lomb, Carl Zeiss Meditec AG, CROMA-PHARMA GmbH, Dutch Ophthalmic Research Center BV, Fluoron, and others
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global vitreous tamponades market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vitreous tamponades market
Detailed Segmentation-