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Global Glaucoma Surgery Devices Market

Global Glaucoma Surgery Devices Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

The market size of the Global Glaucoma Surgery Devices market is anticipated to grow from USD 510 million in 2020 to USD 7084.9 million by 2030, at a CAGR of 30.1% approx., during the forecast period.Glaucoma is an ocular disorder and the second most common cause of blindness across the world. It affects the optic nerve of the iris and progression of the same attributes to loss of vision and blindness. Glaucoma is characterised by relatively high Intraocular Pressure as a result of impaired drainage of a fluid, which is known as aqueous humor, from the eye. There are commercially available therapies that focus on reducing the intraocular pressure, which is responsible for the development and progression of glaucoma. Presently, the approved treatments for glaucoma are pharmaceutical drug, glaucoma laser therapy, and surgical procedures. It initially starts with tropical eye drops, which is used as an alternative to delay surgery. Aging population, growing prevalence of diabetes resulting in eye-disorders, and rising government initiatives over healthcare are key factors that will ensure steady growth of the glaucoma surgery devices market.

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Market Dynamics and Factors:

The rise in aging population, eye disorders like macular degeneration, increase in eye disability due to diabetes, and increasing pool of geriatric population are the key drivers of the global glaucoma surgery devices market. Other major factors such as government initiatives towards healthcare infrastructure, increasing awareness and training to healthcare providers regarding glaucoma, and medical tourism are going to further boost the market in the forecast period. For instance, the Canadian Ophthalmology Society has included training on multiple minimally invasive glaucoma surgeries (MIGS) procedures in its educational skill transfer courses. Growing prevalence of Myopia, one of the major reasons for the occurrence of glaucoma is also contributing in the growth of the glaucoma surgery devices market. However, high cost of glaucoma surgery devices, rising awareness among people to avoid the occurrence of glaucoma, critical post-operative complications and higher preference for pharmacological approach are some factors that could restrain the growth of the glaucoma surgery devices market.

Market Segmentation:

Global Glaucoma Surgery Devices Market – By Product Type

Glaucoma Drainage Devices

Glaucoma Laser Devices

Punches

USC Marker

USC Planer

USC Shaver

Forceps

Probes & Algerbrushes

Diamond Knives

Others

Global Glaucoma Surgery Devices Market – By Surgery Type

Trabeculectomy

Tube Shunt Implantation

Cyclophotocoagulation

Minimally Invasive Glaucoma Surgeries (MIGS)

Others

Global Glaucoma Surgery Devices Market – By End-Users

Eye Hospitals

Diagnostic Centers

Others

Global Glaucoma Surgery Devices Market – By Geography

North America

U.S.

Canada

Mexico

Europe

U.K.

France

Germany

Italy

Rest of Europe

Asia-Pacific

Japan

China

India

Australia

Rest of Asia Pacific

ROW

Latin America

Middle East

Africa

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Geographic Analysis:

North America and Europe are cumulatively going to dominate the global glaucoma surgery devices market during the forecast period. Rise in the number of diabetic and myopic cases, better healthcare infrastructure, new innovations in healthcare, and a domicile of market incumbents in U.S & Western Europe are some major factors behind the domination. For instance, innovations such as CyPass micro-stent by Alcon Surgical in U.S, XEN gel stent by Allergan in U.S received government approvals and fuelled the market growth there. The Asia Pacific market is becoming the most lucrative and fastest growing market for glaucoma surgery devices. Growing awareness related to glaucoma and booming medical tourism in countries like China, India, Japan, and others are major reasons for the market growth.

Competitive Scenario:

The key players dominating the global glaucoma surgery devices market are –

Alcon, Allergan Inc, Abbott Laboratories, Carl Zeiss Meditec, Ellex Medical Lasers, Glaukos, Lumenis, Millenium Surgical, Zabbys, Katalyst Surgical.

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How will this Market Intelligence Report Benefit You?

The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

Exclusive insight into the key trends affecting the Global Glaucoma Surgery Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Glaucoma Surgery Devices Market supply and demand.

The report tracks the leading market players that will shape and impact the Global Glaucoma Surgery Devices Market most.

The data analysis present in the Global Glaucoma Surgery Devices Market report is based on the combination of both primary and secondary resources.

The report helps you to understand the real effects of key market drivers or retainers on Global Glaucoma Surgery Devices Market business.

The 2021 Annual Global Glaucoma Surgery Devices Market offers:

100+ charts exploring and analysing the Global Glaucoma Surgery Devices Market from critical angles including retail forecasts, consumer demand, production and more

15+ profiles of top producing states, with highlights of market conditions and retail trends

Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Glaucoma Surgery Devices Market type

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About Us:

Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

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