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Glaucoma Surgery Devices Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910834
The global glaucoma surgery devices market size was valued at USD 1.8 billion in 2023, driven by the rising prevalence of glaucoma, aging populations, and increased awareness of the disease across the globe. The market size is anticipated to grow at a CAGR of 14.26% during the forecast period of 2024-2032 to achieve a value of USD 6.1 billion by 2032.

Glaucoma Surgery Devices: Introduction

Glaucoma surgery devices are specialized instruments and tools used in surgical procedures to treat glaucoma, a group of eye conditions that can lead to optic nerve damage and vision loss, primarily caused by abnormally high intraocular pressure (IOP). These devices are designed to either reduce the production of aqueous humor (the fluid in the eye) or increase its outflow, thereby lowering IOP and preventing further damage to the optic nerve. Glaucoma surgeries include various techniques such as trabeculectomy, laser trabeculoplasty, and minimally invasive glaucoma surgeries (MIGS). Each method requires specific devices like laser systems, micro-stents, trabeculotomes, and other surgical tools. The development of these devices has been pivotal in improving the safety, efficacy, and recovery times associated with glaucoma surgeries. As glaucoma is one of the leading causes of blindness worldwide, these surgical devices play a crucial role in preserving vision and improving the quality of life for patients with this chronic eye condition.

Key Trends in the Global Glaucoma Surgery Devices Market

The global glaucoma surgery devices market is experiencing several key trends that are shaping its landscape. Firstly, there's a significant shift towards minimally invasive glaucoma surgeries (MIGS), which require specialized devices. These procedures are gaining popularity due to their reduced risk of complications and shorter recovery times. Consequently, there's a surge in the demand for innovative MIGS devices such as micro-stents and advanced laser systems.

Technological advancements are another major trend, with companies investing in the development of more precise, effective, and user-friendly devices, including those integrated with imaging technologies for enhanced procedural accuracy. The market is also seeing a growing emphasis on patient education and awareness about glaucoma and its treatments, potentially leading to an earlier diagnosis and intervention.

Additionally, there is an increased focus on developing cost-effective solutions to make glaucoma surgery more accessible, especially in emerging economies. Regulatory approvals are facilitating the entry of new and advanced devices into the market. These trends collectively point to a dynamic and evolving market, driven by technological innovation and a heightened focus on patient outcomes in glaucoma management.

Global Glaucoma Surgery Devices Market Segmentation

Market Breakup by Surgery Type

  • Conventional Glaucoma Surgeries
  • Minimally Invasive Glaucoma Surgeries

Market Breakup by Products

  • Implants and Stents
  • Glaucoma Drainage Devices
  • Glaucoma Laser Devices

Market Breakup by End User

  • Hospitals
  • Surgical Centres

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Glaucoma Surgery Devices Market Overview

The global market for glaucoma surgery devices is a critical segment in ophthalmic medical devices, addressing the growing need for effective treatments for glaucoma, a leading cause of irreversible blindness worldwide. The market growth is driven by the rising prevalence of glaucoma, aging populations, and increased awareness of the disease. Technological advancements play a pivotal role, with continuous innovations leading to more effective, safer, and less invasive devices. The shift towards minimally invasive glaucoma surgeries (MIGS) has particularly spurred the glaucoma surgery devices market demand, with these procedures becoming increasingly preferred due to their efficacy and reduced complication rates.

Companies in the market are focusing on developing advanced micro-stents, laser systems, and other surgical tools that offer precision and improved outcomes. Additionally, the market is influenced by increasing healthcare expenditures, supportive reimbursement policies, and the growing accessibility of glaucoma surgeries in emerging economies. Despite these positive drivers, challenges such as the high cost of devices and the need for specialized training for surgeons may restrain market growth. Overall, the global glaucoma surgery devices market is poised for steady growth, propelled by technological innovations and a growing emphasis on early detection and intervention in glaucoma management.

Global Glaucoma Surgery Devices Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • 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
  • Topcon Corporation
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Glaucoma Surgery Devices Market Overview
3.1 Global Glaucoma Surgery Devices Market Historical Value (2017-2023)
3.2 Global Glaucoma Surgery Devices Market Forecast Value (2024-2032)
4 Global Glaucoma Surgery Devices Market Landscape
4.1 Global Glaucoma Surgery Devices: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Glaucoma Surgery Devices: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Glaucoma Surgery Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Glaucoma Surgery Devices Market Segmentation
6.1 Global Glaucoma Surgery Devices Market by Surgery Type
6.1.1 Market Overview
6.1.2 Conventional Glaucoma Surgeries
6.1.3 Minimally Invasive Glaucoma Surgeries
6.2 Global Glaucoma Surgery Devices Market by Products
6.2.1 Market Overview
6.2.2 Implants and Stents
6.2.3 Glaucoma Drainage Devices
6.2.4 Glaucoma Laser Devices
6.3 Global Glaucoma Surgery Devices Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Surgical Centres
6.4 Global Glaucoma Surgery Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Glaucoma Surgery Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Glaucoma Surgery Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Glaucoma Surgery Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Glaucoma Surgery Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Glaucoma Surgery Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding and Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 Abbvie Inc. (Allergan)
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 Alcon Inc
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 Glaukos Corporation
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Johnson & Johnson (Abbott Medical Optics)
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 iStar Medical SA
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Lumibird Medical (Ellex Medical Lasers Ltd)
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Lumenis Ltd
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 New World Medical, Inc.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Santen Pharmaceutical Co. Ltd
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Topcon Corporation
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
17 Key Opinion Leaders (KOL) Insights (Additional Insight)
18 Company Competitiveness Analysis (Additional Insight)
18.1 Very Small Companies
18.2 Small Companies
18.3 Mid-Sized Companies
18.4 Large Companies
18.5 Very Large Companies
19 Payment Methods (Additional Insight)
19.1 Government Funded
19.2 Private Insurance
19.3 Out-of-Pocket

Companies Mentioned

  • 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
  • Topcon Corporation

Methodology

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