Vitreo Retinal Pre Filled Silicone Oil Syringe Market

Vitreo Retinal Pre-filled Silicone Oil Syringe Market

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Author:

Raksha Sharma

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Shreyas Tandon

Vitreo Retinal Pre-filled Silicone Oil Syringe Market Outlook 2031

The Global vitreo retinal pre-filled silicone oil syringe market size was valued at USD 49.16 million in 2022 and is expected to reach USD 85.27 million by 2031, expanding at a CAGR of 6.31% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing prevalence of retinal diseases, advancements in surgical techniques, growing geriatric population, rising awareness & easy access to healthcare facilities, and favorable reimbursement policies.

Rising awareness and easy access to healthcare facilities are driving the vitreo retinal pre-filled silicone oil syringe market. Improved healthcare infrastructure and increased awareness about retinal disorders have led to early diagnosis and treatment. This has created a high demand for vitreo retinal surgeries, thereby boosting the market. For instance,

  • In October 2023, a published report stated that approximately 258 million individuals worldwide suffer from mild vision impairment, while 295 million have moderate vision impairment, and 43 million are blind.

Global Vitreo Retinal Pre Filled Silicone Oil Syringe Market Outlook

Favorable reimbursement policies are expected to propel the market. Reimbursement policies and insurance coverage for vitreo retinal surgeries have improved in many countries. This has made these procedures affordable and accessible, driving the demand for pre-filled silicone oil syringes.

The research report finds that the COVID-19 pandemic had a negative impact on the vitreo retinal pre-filled silicone oil syringe market. During the pandemic, many healthcare systems faced significant disruptions, with a high focus on managing COVID-19 cases. It postponed the vitreo retinal surgeries and other non-emergency surgeries. This led to a decline in the demand for pre-filled silicone oil syringes.

The global supply chain for medical devices experienced disruptions, due to lockdowns, travel restrictions, and manufacturing limitations. These challenges affected the production and distribution of pre-filled silicone oil syringes, leading to potential shortages and delays in availability.

Artificial Intelligence (AI) Impact on Vitreo Retinal Pre-filled Silicone Oil Syringe Market

Artificial intelligence (AI) is expected to have a positive impact on the vitreo retinal pre-filled silicone oil syringe market. AI assists in improved surgical planning by analyzing patient data and identifying potential complications. This helps surgeons to make informed decisions and reduce the risk of errors during surgery.

It assists in the development of precise and accurate pre-filled silicone oil syringes by analyzing data on surgical outcomes and identifying areas for improvement. This led to the development of effective and efficient syringes.

Vitreo Retinal Pre-filled Silicone Oil Syringe Market Dynamics

Vitreo Retinal Pre-filled Silicone Oil Syringe Market Dynamics

Major Drivers

Increasing prevalence of retinal diseases is driving the vitreo retinal pre-filled silicone oil syringe market. The rising incidence of retinal diseases, such as retinal detachment and diabetic retinopathy, is fueling the demand for vitreo retinal surgeries and subsequently driving the market.

  • A published report in October 2023, revealed that approximately 9.6 million individuals in the US had undergone diabetic retinopathy treatment, with 1.8 million of these cases being classified as vision-threatening.

Advancements in surgical techniques are expected to boost the market. Technological advancements in vitreo retinal surgical techniques, such as small-gauge vitrectomy, have increased the adoption of pre-filled silicone oil syringes. These syringes offer convenience & accuracy, and reduce the risk of contamination during surgery.

Growing geriatric population is anticipated to propel the market. The prevalence of age-related eye disorders is increasing, due to the aging population. This demographic shift is expected to drive the demand for vitreo retinal surgeries and contribute to the growth of the pre-filled silicone oil syringe market.

Existing Restraints

High cost of pre-filled silicone oil syringes is expected to hamper the market. The cost of pre-filled silicone oil syringes is relatively high, which is expected to limit their affordability for some patients or healthcare facilities. This cost constraint affects the adoption of these syringes. Moreover, medical devices, including pre-filled silicone oil syringes, are subject to stringent regulations and approvals. Meeting these regulatory requirements is time-consuming and costly, posing a challenge for manufacturers and potentially limiting market entry.

Emerging Opportunities

Technological advancements in surgical techniques and materials used in vitreo retinal surgeries are expected to create lucrative opportunities for the development of improved pre-filled silicone oil syringes in the market. Innovations in syringe design, needle technology, and silicone oil formulations enhance the safety, accuracy, and ease of use of these syringes.

Growing demand for minimally invasive surgeries is expected to create opportunities in the market. The trend of minimally invasive surgical procedures in the field of ophthalmology is growing. Pre-filled silicone oil syringes offer a convenient and minimally invasive approach for vitreo retinal surgeries, which aligns with the increasing patient preference for such procedures.

Scope of The Vitreo Retinal Pre-filled Silicone Oil Syringe Market Report

The report on the global vitreo retinal prefilled silicone oil syringe market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
 

Attributes

Details

Report Title

Vitreo Retinal Pre-filled Silicone Oil Syringe Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (1000 CST, 2000 CST, Others), and Application (Clinics, Hospitals, Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Alcon, Inc.; Bausch & Lomb, Inc.; Carl Zeiss; Dutch Ophthalmic Research Center International BV; Geuder AG.; and MedOne Surgical, Inc.

Vitreo Retinal Prefilled Silicone Oil Syringe Market Segment Insights

Type Segment Analysis

In terms of types/products, the market is divided into 1000 CST, 2000 CST, and others. The 1000 CST holds a major revenue share of the market and is projected to remain a dominant segment throughout the forecast period. The growth of this segment is attributed to its effectiveness, ease of use, and established use in vitreo retinal surgeries. 1000 CST is effective in treating retinal detachment and other vitreo-retinal disorders.

1000 CST silicone oil is widely used in vitreoretinal surgeries and has demonstrated good outcomes in clinical studies. Additionally, it is relatively easy to handle and has a lower risk of complications as compared to high-viscosity oils.

Global Vitreo Retinal Pre Filled Silicone Oil Syringe Market Types/Products

Application Segment Analysis

Based on application, the global vitreo retinal prefilled silicone oil syringe market is segmented into clinics, hospitals, and others. The hospitals segment is anticipated to account for a major share of the market during the forecast period, owing to advanced infrastructure and skilled professionals.

Hospitals are equipped with advanced surgical infrastructure, including operating rooms, specialized surgical instruments, and imaging technologies. This enables them to provide comprehensive vitreo retinal surgeries, including the use of pre-filled silicone oil syringes. For instance,

  • In March 2022, ZEISS received U.S. FDA clearance for QUATERA 700, a new phaco technology that provides surgeons with an efficient, digitally integrated cataract workflow. The device is specifically indicated for the emulsification and removal of cataracts and anterior segment vitrectomy.

Global Vitreo Retinal Pre Filled Silicone Oil Syringe Market  Applications

Regional Analysis

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America holds a significant share of the vitreo retinal pre-filled silicone oil syringe market. The growth of the market is attributed to the increasing prevalence of eye diseases and the rising geriatric population in the region. For instance,

  • In May 2022, an article published by BMC Ophthalmology stated that diabetic retinopathy (DR) is a potentially blinding complication of diabetes mellitus that affects approximately 28% of diabetics in the US each year. The article estimated that DR has a prevalence of around 44% among diabetic inpatients, and over half of these cases were previously undiagnosed.

Asia Pacific is anticipated to hold a major market share in the coming years, owing to the rising occurrence of retinal diseases and growing government spending for healthcare development in the region. 

Global Vitreo Retinal Pre Filled Silicone Oil Syringe Market Region

Segments

Type

  • 1000 CST
  • 2000 CST
  • Others

Application

  • Clinics
  • Hospitals
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Alcon, Inc.
  • Bausch & Lomb, Inc.
  • Carl Zeiss
  • Dutch Ophthalmic Research Center International BV
  • Geuder AG.
  • MedOne Surgical, Inc.

Competitive Landscape

Major players competing in the global vitreo retinal prefilled silicone oil syringe market include Alcon, Inc.; Bausch & Lomb, Inc.; Carl Zeiss; Dutch Ophthalmic Research Center International BV; Geuder AG.; and MedOne Surgical, Inc.

Some of these companies are engaged in adopting several market strategies, such as collaborations, partnerships, mergers & acquisitions, R&D activities, and capacity expansion, to increase market share and global presence. For instance,

  • In July 2022, Moria, a company based in France, acquired Alchimia SRL, an Italy-based company that specializes in manufacturing devices for ophthalmic surgery and human tissue banking. This acquisition is expected to complement Moria's existing range of products for vitreoretinal surgery and keratoplasty.

Global Vitreo Retinal Pre Filled Silicone Oil Syringe Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vitreo Retinal Pre-filled Silicone Oil Syringe Market - Supply Chain
  4.5. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Market Forecast
     4.5.1. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Absolute $ Opportunity
5. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     5.3.1. 1000 CST
     5.3.2. 2000 CST
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     6.3.1. Clinics
     6.3.2. Hospitals
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
8. North America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     8.4.1. 1000 CST
     8.4.2. 2000 CST
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     8.7.1. Clinics
     8.7.2. Hospitals
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
9. Latin America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     9.4.1. 1000 CST
     9.4.2. 2000 CST
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     9.7.1. Clinics
     9.7.2. Hospitals
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
10. Europe Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     10.4.1. 1000 CST
     10.4.2. 2000 CST
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     10.7.1. Clinics
     10.7.2. Hospitals
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
11. Asia Pacific Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     11.4.1. 1000 CST
     11.4.2. 2000 CST
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     11.7.1. Clinics
     11.7.2. Hospitals
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
12. Middle East & Africa Vitreo Retinal Pre-filled Silicone Oil Syringe Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Types
     12.4.1. 1000 CST
     12.4.2. 2000 CST
     12.4.3. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Vitreo Retinal Pre-filled Silicone Oil Syringe Market Size and Volume Forecast by Applications
     12.7.1. Clinics
     12.7.2. Hospitals
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Vitreo Retinal Pre-filled Silicone Oil Syringe Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Vitreo Retinal Pre-filled Silicone Oil Syringe Market: Market Share Analysis
  13.2. Vitreo Retinal Pre-filled Silicone Oil Syringe Distributors and Customers
  13.3. Vitreo Retinal Pre-filled Silicone Oil Syringe Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

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