Overview and Scope
Glaucoma surgery devices refer to various medical instruments and tools used to perform surgical procedures on the eye to treat glaucoma. The goal of surgical glaucoma treatment is to increase aqueous outflow capacity to decrease intraocular pressure. Glaucoma is a group of eye diseases that damage the optic nerve and can result in vision loss and blindness.
Sizing and Forecast
The glaucoma surgery devices market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to aging population, rising incidence of glaucoma, increased awareness and screening program, healthcare infrastructure development, insurance coverage and reimbursement policies.
The glaucoma surgery devices market size is expected to see rapid growth in the next few years. It will grow to $3.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing global geriatric population, growing healthcare awareness, collaborative research and development initiatives, global expansion of healthcare services, patient preferences for outpatient procedures. Major trends in the forecast period include decentralization and grid resilience, regulatory environment, technology advancements, integration with renewables, environmental considerations.
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Segmentation & Regional Insights
The glaucoma surgery devices market covered in this report is segmented –
1) By Product: Drainage Systems, Laser-Based Devices, Implants, Other Products
2) By Treatment: Open-Angle, Closed-Angle
3) By Type Of Surgery: Angle Closure Glaucoma Surgery, Aqueous Shunt Surgery, Laser Surgery, Other Type Of Surgeries
4) By Application: Conventional Glaucoma Surgeries, Minimally Invasive Glaucoma Surgeries
5) By End User: Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centers
North America was the largest region in the glaucoma surgery devices market in 2023. The regions covered in the glaucoma surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth in the prevalence of glaucoma is expected to boost the growth of the glaucoma surgery devices market. Glaucoma is a progressive eye disease that damages the optic nerve and can lead to permanent vision loss if not diagnosed and treated promptly. Glaucoma surgery devices play a major role in executing glaucoma surgery, and they have made glaucoma surgeries safer, more effective, and less invasive, which significantly contributes to the increasing demand. For instance, according to an article shared by the World Glaucoma Association (WGA), a Netherlands-based independent organization for glaucoma science and care, the most recent census and prevalence estimates estimated that glaucoma affected 79.6 million people in 2020. In 2040, there will probably be 111.8 million people in the world. In 2020, more than 11 million people (or 13% of cases) will be bilaterally blind because of glaucoma. Therefore, the growth in the prevalence of glaucoma will drive the glaucoma surgery devices market forward.
Key Industry Players
Major companies operating in the glaucoma surgery devices market report are Alcon, Johnson & Johnson, Abbott Laboratorie, Carl Zeiss Meditec AG, Bausch & Lomb Inc., Topcon Corporation, HAAG-Streit Holding AG, Essilor International S.A., Hoya Corporation, Sonomed Escalon, Iridex Corporation Ltd., Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems AG, Katalyst Surgical, Nidek Co. Ltd., AbbVie Inc., BVI, Glaukos Corporation, Alievio Inc., Assenti LLC, Avisi Technologies LLC, Chongqing Migos Medical Technology Co Ltd., OcuTherix Inc, OPKO Health Inc, OptoLight Vision Technology, Rheon Medical SA, Sight Sciences Inc, Lumenis Ltd.
The glaucoma surgery devices market report table of contents includes:
1. Executive Summary
2. Glaucoma Surgery Devices Market Characteristics
3. Glaucoma Surgery Devices Market Trends And Strategies
4. Glaucoma Surgery Devices Market – Macro Economic Scenario
5. Global Glaucoma Surgery Devices Market Size and Growth
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31. Global Glaucoma Surgery Devices Market Competitive Benchmarking
32. Global Glaucoma Surgery Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Glaucoma Surgery Devices Market
34. Glaucoma Surgery Devices Market Future Outlook and Potential Analysis
35. Appendix
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