Investment in research and development of glaucoma surgery devices is increasing, with many companies developing innovative products to meet the growing demand for effective and safe treatments. However, the regulatory framework and reimbursement scenario for glaucoma surgery devices vary by region and can pose a challenge to market growth.
The glaucoma surgery devices market is experiencing significant growth due to the increasing prevalence of glaucoma worldwide. Glaucoma is a chronic eye disease that can lead to blindness if left untreated, and is the second leading cause of blindness globally. The growing geriatric population and increasing incidence of eye disorders are also driving market growth.
The adoption of minimally invasive glaucoma surgery techniques is also boosting the market, as they offer advantages such as faster recovery times and reduced risk of complications. Additionally, technological advancements in glaucoma surgery devices, such as the use of micro-invasive devices, are fueling market growth.
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Some of the prominent players profiled in the global glaucoma surgery devices market include Alcon Inc., Ellex Medical Lasers Ltd., Bausch Health Companies Inc., Topcon Corporation, New World Medical, Inc., Johnson & Johnson Vision, Aquesys, Inc., Allergan, Inc., Transcend Medical, Inc., Carl Zeiss Meditec AG, OMEGA Ophthalmics Corporation, Ivantis Inc., Santen Pharmaceutical Co., Ltd., MicroOptx Inc., and Implandata Ophthalmic Products GmbH.
The glaucoma surgery devices market refers to the global market for medical devices used in the surgical treatment of glaucoma. Glaucoma is a group of eye disorders characterized by increased intraocular pressure (IOP), which can lead to damage to the optic nerve and vision loss if left untreated. Surgery is often recommended when other treatments, such as medications and laser therapies, fail to adequately control the condition.
Glaucoma is one of the leading causes of irreversible blindness worldwide, and its prevalence is projected to rise with the aging global population. As a result, there is a growing demand for glaucoma surgery devices to address this significant healthcare concern.
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Here are some key highlights from the report:
The trabeculectomy segment dominated the global glaucoma surgical devices market in 2022, primarily due to its high success rate in reducing intraocular pressure. Trabeculectomy surgery creates a new drainage channel in the eye, effectively lowering intraocular pressure. Additionally, the development of advanced techniques like Mitomycin C (MMC) has contributed to improved outcomes and reduced scarring, further driving revenue growth in this segment.
During the forecast period, the hospitals segment is expected to hold the largest revenue share in the global glaucoma surgical devices market. This can be attributed to the increasing number of skilled healthcare professionals and the availability of state-of-the-art surgical technologies in hospitals. As the prevalence of glaucoma continues to rise, the demand for glaucoma surgical equipment in hospitals is growing, driven by the need for prompt and effective care.
In 2022, the North American market emerged as the leader in terms of revenue share in the global glaucoma surgical devices market. This can be attributed to the growing prevalence of glaucoma, coupled with the adoption of technologically advanced and minimally invasive surgical methods. The region’s well-developed healthcare system and higher average family income have also contributed to the revenue growth in this market.
Looking ahead, the European market is projected to witness the fastest revenue growth rate in the global glaucoma surgical devices market during the forecast period. This growth is fueled by a significant senior population and an increasing prevalence of glaucoma. Additionally, the region’s increased investment in research and development activities further supports market expansion and the introduction of innovative glaucoma surgical devices.
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For the purpose of this report, Reports and Data has segmented the global glaucoma surgery devices market on the basis of Surgery Type Outlook, End-user Outlook, and Regional Outlook:
Surgery Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Glaucoma Drainage Devices
- Micro-invasive Glaucoma Surgery
End-user Outlook (Revenue, USD Billion; 2022 – 2032)
- Specialty Clinics
- Ambulatory Surgical Centers
Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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