According to a new report published by Allied Market Research, titled, “Glaucoma Surgery Devices Market by Surgery Type, Product, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global glaucoma surgery devices market size was valued at $0.81 billion in 2020 and is projected to reach $6.51 billion by 2030 registering a CAGR of 24.60% from 2021 to 2030. The report provides in-depth market analysis and future market scenarios.
Glaucoma is an asymptomatic eye-related disorder that occurs due to the buildup of fluid pressure inside the eye. Glaucoma surgery devices are used to augment normal physiologic aqueous outflow pathways to provide effective intra-ocular pressure. Glaucoma surgery devices are designed to divert aqueous humor from the anterior chamber to an external reservoir, where a fibrous capsule forms about 4-6 weeks after surgery and regulates flow.
Increase in prevalence of glaucoma, coupled with growth in geriatric population, which is more prone to eye disease, are major driving factors that boost growth of the glaucoma surgery devices market. In addition, growth in demand for minimally invasive glaucoma surgery (MIGS) procedures and technological advancements in glaucoma surgery devices further fuel growth of the glaucoma surgery devices market.
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The glaucoma surgery devices market is segmented on the basis of surgery type, product, end user, and region. By type, it is segmented into conventional glaucoma surgeries and minimally invasive glaucoma surgeries. The conventional glaucoma surgeries was the major shareholder 2020, owing to factors such as increase in success rate in intraocular pressure reduction and low treatment cost of conventional glaucoma surgery as well as adoption of conventional glaucoma surgery as first choice of treatment in underdeveloped economies, owing to low cost compared to MIGS.
By product, the market is segmented into implants & stents, glaucoma drainage devices, and glaucoma laser devices. The implants & stents segment dominated the global glaucoma surgery devices market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to the increase in demand of implants & stents in glaucoma surgery owing to its application of reduce the intraocular pressure and increase the outflow of intraocular fluid.
Comprehensive competitive analysis and profiles of major market players, such as, Abbvie Inc. (Allergan), Alcon Inc, Glaukos Corporation, Johnson & Johnson (Abbott Medical Optics), iStar Medical SA, Lumibird Medical (Ellex Medical Lasers Ltd), Lumenis Ltd, New World Medical, Inc., Santen Pharmaceutical Co. Ltd, and Topcon Corporation
Key Findings Of The Study
- Based on surgery type, the conventional glaucoma surgeries segment held largest share in the global market in 2020.
- Based on product, the implants & stents segment held the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
- By end user, the eye hospitals & ophthalmology clinic segment dominated the global glaucoma surgery devices market in 2020, and is anticipated to continue this trend during the forecast period.
- Region wise, North America is expected to experience growth at the highest rate, registering a CAGR of 24.30 % during the forecast period.
FREQUENTLY ASKED QUESTIONS?
Q1. What is the total market value of glaucoma surgery devices Market report?
Q2. What would be forecast period in the market report?
Q3. What is the market value of glaucoma surgery devices Market in 2021?
Q4. Which is base year calculated in the glaucoma surgery devices Market report?
Q5. Which are the top companies hold the market share in glaucoma surgery devices Market?
Q6. Which is the most influencing segment growing in the glaucoma surgery devices Market report?
Q7. What are the key trends in the glaucoma surgery devices Market report?
Q8. What are the market values / growth % of emerging countries?
Q9. What is glaucoma surgery devices?
Q10. What glaucoma surgery devices used for?
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