July 6, 2024

Global Vitreous Tamponades Market Propelled by rising retinal diseases prevalence

The global Vitreous Tamponades Market encompasses a range of products used for intraocular filling during vitrectomy procedures to treat various retinal diseases. Vitreous tamponades help reshape and support the inner portions of the eye during retinal repair and reattachment procedures. They come in both gas and silicone oil forms and work by filling the space that replaces the vitreous humor after its surgical removal. The global Vitreous Tamponades Market is estimated to be valued at US$ 76.00 Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Rising prevalence of retinal diseases like diabetic retinopathy, retinal detachment and macular holes have been a key driver propelling the demand for vitrectomy procedures and consequently, vitreous tamponades globally. According to recent data, over 7 million people suffer vision loss from diabetic retinopathy worldwide each year. Growing geriatric population and increasing incidence of obesity and diabetes are anticipated to lead to significant increase in retinal disorders prevalence. This has encouraged manufacturers to invest in developing advanced tamponades with sustained delivery and increased efficacy which has accelerated market growth over the past decade.

SWOT Analysis
Strength: Vitreous tamponades are biocompatible and are ideally suited for vitreoretinal surgeries. They help preserve the structure and function of the retina during and after surgery.
Weakness: Some materials like silicone oils require a second surgery for removal and have potential complications. Air and gases are only temporary tamponades. Finding an ideal permanent tamponade remains a challenge.
Opportunity: Technological advancements have increased the usage of less invasive techniques like pneumatic retinopexy which provide opportunities for tamponades. Growing prevalence of retinal detachment and macular holes boost the market.
Threats: Stringent regulatory approvals and the presence of alternative treatment methods hamper market growth. High costs of newer tamponades pose pricing challenges.

Key Takeaways
The global vitreous tamponades market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional Analysis: North America dominates the market currently due to rapid adoption ofadvanced technologies and rising cases of retinal disorders. However, Asia Pacific is expected to show fastest growth due to growing medical tourism and increasing healthcare expenditure.

The key players operating in the vitreous tamponades are Alchimia srl, Alcon, Inc., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Croma-Pharma GmbH, Dutch Ophthalmic Research Center (International) B.V., and Fluoron GmbH. Alcon Inc. holds the largest market share currently by offering wide range of products like silicone oils, perfluorocarbon liquids, and expandable gases. Bausch health companies also have significant presence with their offerings of gases and silicone oils.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it