Vitreoretinal Surgery Devices Market is expanding at a CAGR of 3.9% during forecast period 2021-2031 | Designs for Vision, Inc., Peregrine Surgical, D.O.R.C., Safilo Group The global Vitreoretinal Surgery Devices Market was valued at USD 1.7 Billion in 2021 and it is anticipated to grow up to USD 2.5 Billion by 2031, at a CAGR of 3.9% during the forecast period. Vitreoretinal surgery devices are used to treat conditions of the retina and vitreous, the clear, jelly-like substance that fills the inside of the eye. There are a variety of vitreoretinal surgery devices, including: Retinal detachment repair devices: These devices are used to repair a retina that has become detached from the back of the eye. Retinal detachment is a serious condition that can lead to blindness. To Remain ‘Ahead’ Of Your Competitors, Request for A Sample – https://www.globalinsightservices.com/request-sample/GIS24332 Vitrectomy devices: These devices are used to remove the vitreous from the eye. Vitrectomy is often performed to treat conditions such as diabetic retinopathy and macular degeneration. Retinal prosthesis: A retinal prosthesis is an artificial device that is implanted in the eye to replace the function of the retina. Retinal prostheses are used to treat conditions such as retinitis pigmentosa and age-related macular degeneration. Market Trends and Drivers The rapidly aging population is anticipated to spur the industry progression in the coming years. The WHO data estimates that the geriatric population is slated to double in the years from 2015 to 2050. The elderly population aged above 60 years is poised to showcase threefold growth during 2010 and 2050, reaching about 1.3 billion. Moreover, as per the United Nations Population Fund (UNFPA) estimates, by the year 2050, approximately 25% individuals in Asia Pacific region will be aged more than 60 years. Get A Customized Scope to Match, Your Need Ask an Expert – https://www.globalinsightservices.com/request-customization/GIS24332 Eye-related disorders are increasingly prevalent among the elderly population as aging affects vision and the ability to focus. The increasing elderly population affected with vision related conditions is set to fuel the vitreoretinal surgery devices market demand. The most frequent causes of vision impairment among the aging populace include the age-related macular degeneration, glaucoma, cataract, and diabetic retinopathy among others. Due to the increasing susceptibility and impaired vision, the prevalence of these disorders is commonly profound in people aged 60 and above. For In-Depth Competitive Analysis, Purchase this Report – https://www.globalinsightservices.com/checkout/single_user/GIS24332 Global Vitreoretinal Surgery Devices Market Segmentation By Product Photocoagulation Lasers Illumination Devices Vitreoretinal Packs Vitrectomy Machines Vitrectomy Probes Others By End-use Hospitals Specialty Clinics Ambulatory Surgery Centers Others Major Players in the Global Vitreoretinal Surgery Devices Market The key players in the market Alcon, Inc., Bausch & Lomb, Inc., OCULUS Optikgeräte GmbH, MedOne Surgical, Inc., Carl Zeiss Meditec AG, Designs for Vision, Inc., Peregrine Surgical, D.O.R.C., Safilo Group, and Rodenstock, among others. New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/ About Global Insight Services: Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service. Contact Us: Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: info@globalinsightservices.com Phone: +1-833-761-1700 Website: https://www.globalinsightservices.com/

According to a report by Fortune Business Insights™ titled "Inertial Measurement Unit (IMU) Market, 2022-2029," the global IMU market was valued at USD 15.71 billion in 2021. It is projected to experience significant growth, reaching USD 28.37 billion by 2029 with a compound annual growth rate (CAGR) of 8.13% during the forecast period. The market's expansion can be attributed to the increasing demand for unmanned UAVs and Micro-Electro-Mechanical Systems (MEMS). List of Key Players Profiled in the Report Analog Devices Inc. (U.S.) Gladiator Technologies (U.S.) Honeywell International Inc.(U.S.) Parker Hannifin Corp (U.S.) General Electric Company (U.S.) Israel Aerospace Industries Ltd. (IAI) (Israel) Thales Group (France) Northrop Grumman Corporation (U.S.) Trimble Inc. (U.S.) Safran S.A(France) TDK Corporation(Japan) Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Segments Accelerometer Segment Dominated Market Share Owing to Increasing IMU Applications By component, the market is segmented into accelerometer, gyroscope, and magnetometer. The accelerometer segment is expected to dominate due to rising IMU applications. Ring Laser Gyro Segment to Dominate Owing to Strong Demand for Space-based Navigation Devices Based on technology, the market is classified into mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others. The ring laser gyro segment is expected to grow due to the strong demand for space-based navigation devices. Space Segment to Lead Owing to Increasing Defense Budgets and Military Modernization As per platform, the market is categorized into airborne, ground, maritime, and space. The space segment is expected to lead due to rising defense budgets and military modernization. Aerospace and Defense Segment Accounted for the Largest Share due to High Demand for UAV and Aircraft Fleets By end-user, the aerospace and defense segment accounted for the largest share in the market in 2021. The increase in demand for UAV and rising aircraft fleets have led to the increasing demand for the product in the aerospace sector. Regionally, the market is clubbed into North America, Europe, Asia Pacific, and the rest of the world. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Robust Demand for Micro Electro Mechanical Systems (MEMS) to Foster Industry Growth The inertial measurement unit (IMU) is an electronic device that utilizes magnetometers, gyroscopes, and accelerometers to measure the orientation and movement of objects. The market for IMUs is anticipated to witness significant growth due to the strong demand for Micro-Electro-Mechanical Systems (MEMS). Additionally, the increasing adoption of IMUs in various sectors such as medical, defense, communication, electronics, and automotive applications is expected to drive industry progress. The growing demand for robotic systems is also likely to contribute to the adoption of IMUs. These factors are expected to fuel the growth of the Inertial Measurement Unit (IMU) market. However, there are certain challenges that may hinder the industry's growth, including concerns related to heat dissipation and navigation issues.