The Glaucoma Surgery Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Glaucoma Surgery Devices Global Market Report 2024, 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.
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.
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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
Technological advancements are a key trend gaining popularity in the glaucoma surgery devices market. Major companies operating in the glaucoma surgery devices market are focused on the development of new and innovative technologies to sustain their position in the market. For instance, in August 2022, Sight Sciences Inc., a US-based eyecare technology company, launched the SION Surgical Instrument, the first bladeless device used in goniotomy. It is a novel and implant-free Minimally Invasive Glaucoma Surgery (MIGS) device that is designed to provide a consistent and controlled approach to goniotomy, which may lead to better outcomes for patients with glaucoma. This technology uses a flexible catheter to create micro-incisions in the trabecular meshwork without a blade. SION's bladeless technology was created to increase safety and ease of use by removing the need to maneuver sharp instruments around the anatomy of the eye's anterior chamber and iridocorneal angle. The design elements are meant to increase the effectiveness and finish of the excisional tissue removal process.
The glaucoma surgery devices market report table of contents includes:
Executive Summary
Glaucoma Surgery Devices Market Characteristics
Glaucoma Surgery Devices Market Trends And Strategies
Glaucoma Surgery Devices Market - Macro Economic Scenario
Global Glaucoma Surgery Devices Market Size and Growth
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Global Glaucoma Surgery Devices Market Competitive Benchmarking
Global Glaucoma Surgery Devices Market Competitive Dashboard
Key Mergers And Acquisitions In The Glaucoma Surgery Devices Market
Glaucoma Surgery Devices Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:
Alcon
Johnson & Johnson
Abbott Laboratorie
Carl Zeiss Meditec AG
Bausch & Lomb Inc
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The Global Glaucoma Surgery Devices Market size was valued at USD 786.5 million in 2019 is predicted to garner USD 7.97 billion by 2030, with a CAGR of 23.6% from 2020-2030.Glaucoma Surgery Devices Market 2020 research report has dedicated to several quantities of analysis - industry research (global industry trends) and Glaucoma Surgery Devices market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape, emerging and high-growth sections of Glaucoma Surgery Devices market, high-growth regions, and market drivers, restraints, and also market chances.
The analysis covers Glaucoma Surgery Devices market and its advancements across different industry verticals as well as regions.
It targets estimating the current market size and growth potential of the global Glaucoma Surgery Devices Market across sections such as also application and representatives.
Additionally, the analysis also has a comprehensive review of the crucial players on the Glaucoma Surgery Devices market together side their company profiles, SWOT analysis, latest advancements, and business plans.Access Full Description of this report at:-https://www.nextmsc.com/report/glaucoma-surgery-devices-marketTop Companies: Ellex Medical Lasers Ltd., Abbott Laboratories, Johnson & Johnson, Alcon, Inc., Topcon Corporation, Glaukos Corporation, New World Medical, Inc., Bausch & Lomb, Inc., Lumenis Ltd and others.The report primarily enrolls the essential subtleties of industry dependent on the basic diagram of Glaucoma Surgery Devices market chain structure, and depicts industry environment, the advancement of the market through upstream and downstream, industry by and large, speculation investigation, producing cost structure, industry strategies, plans and improvement, key players will drive key business choices and makes a logical expectation for the improvement business prospects based on past, present and estimate information identified with the Glaucoma Surgery Devices market advertise from 2019-2030.Request sample copy of this report at:-https://www.nextmsc.com/Glaucoma-Surgery-Devices-Market/request-sampleThe report provides insights on the following pointers:-North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Glaucoma Surgery Devices industry.Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Glaucoma Surgery Devices industry.Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium, China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam, Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria, Brazil, Mexico, Argentina, Colombia, Chile, Peru) market size (sales, revenue and growth rate) of Glaucoma Surgery Devices industry.Different types and applications of Glaucoma Surgery Devices industry, market share of each type and application by revenue.Global market size (sales, revenue) forecast by regions and countries from 2020 to 2030 of Glaucoma Surgery Devices industry.Upstream raw materials and manufacturing equipment, downstream major consumers, and industry chain analysis of Glaucoma Surgery Devices industry.Key drivers influencing market growth, opportunities, the challenges and the risks analysis of Glaucoma Surgery Devices industry.New Project Investment Feasibility Analysis of Glaucoma Surgery Devices industry.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry.
