Glaucoma is a group of eye conditions that damage the optic nerve, and progression of the same results in vision loss and blindness. Glaucoma is one of the leading causes of blindness for people over the age of 60. In 2017, according to Glaucoma Research Foundation, there are around 120,000 cases of blindness in the United States and 2.3 million cases of glaucoma. This represents about 5% of glaucoma patients. However, sight impairment is more common and occurs in around 10% of patients. Factors such as the increasing number of glaucoma cases, easy availability of medical insurance coverage for diagnosis and treatment as well as rise in demand for minimally invasive glaucoma surgeries are projected to expand the global glaucoma surgery devices market in the next few years.
Furthermore, glaucoma surgery devices hold major demand in the future because they play important role in glaucoma treatment. The main work of these devices is to attain intraocular pressure stabilization or decrease (IOP). Due to the requirement of quicker glaucoma treatment to avoid vision loss, the need for effective glaucoma surgical technologies is continually increasing. Rising prevalence of glaucoma globally and the increasing use of glaucoma procedures, these significant factors driving the growth of the glaucoma surgery devices market over the forecast period.
On the other hand, in various developing countries, a lack of knowledge about glaucoma and the equipment connected with it may hampering the growth of the market’s development.
Glaucoma Surgery Devices Market Segment Overview
According to the surgery type, the Minimally Invasive Glaucoma Surgeries (MIGS) segment is expected to dominate the market during the forecasted period. This is because of the increasing demand for minimally invasive and patient-friendly procedures. Additionally, in the future MIGS techniques and devices are gaining more popularity due to their advantages such as lower costs, faster recovery periods, and shorter operation periods. Also, these surgeries have a lower chance of post-surgical problems such as hypotony.
Glaucoma Surgery Devices Regional Overview
Region-wise, North America commanded a major share, in terms of revenue, and is predictable to maintain its supremacy over the forecast period. This is attributed to the increasing awareness among patients regarding glaucoma and the introduction of favorable compensation policies are expected to boost the glaucoma surgery devices market in the region. Likewise, the Asia Pacific is expected to register the fastest growth during the forecast period. Factors such as emerging healthcare facilities and thriving medical tourism are projected to fuel the market development in this region.
Glaucoma Surgery Devices Market Competitor overview
· In June 2021, Myra Vision Inc. has raised $17 million in series A financing and intends to use the funds to advance product development, scale infrastructure, and expand its team in support of the glaucoma treatment device’s development. Its name was changed from Myra Medical Inc. along with the financing.
Glaucoma Surgery Devices Market, Key Players
· Abbott Laboratories
· Glaukos Corporation
· Alcon, Inc.
· ASICO
· Carl Zeiss Meditec AG
· Katalyst Surgical
· Nidek Co., Ltd.
· Lumenis Ltd.
· Ziemer Ophthalmic Systems AG
· Iridex Corporation
· New World Medical, Inc.
· Ellex Medical Lasers Ltd.
· Johnson & Johnson
· Bausch & Lomb, Inc.
· Topcon Corporation
· Lumenis Ltd.
· Allergan Plc.
Glaucoma Surgery Devices Market Segmentation
Glaucoma Surgery Devices Market, By Surgery Type
· Conventional Glaucoma Surgeries
· Minimally Invasive Glaucoma Surgeries (MIGS)
Glaucoma Surgery Devices Market, By Product
· Glaucoma Drainage Devices
· Glaucoma Laser Devices
· Implants & Stents
Glaucoma Surgery Devices Market, By End User
· Eye Hospitals
· Ophthalmology Clinics
· Outpatient Surgical Centers
Glaucoma Surgery Devices Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Surgery Type
- 5.2.1. Conventional Glaucoma Surgeries
- 5.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Glaucoma Drainage Devices
- 5.3.2. Glaucoma Laser Devices
- 5.3.3. Implants & Stents
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Eye Hospitals
- 5.4.2. Ophthalmology Clinics
- 5.4.3. Outpatient Surgical Centers
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Surgery Type
- 6.2.1. Conventional Glaucoma Surgeries
- 6.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Glaucoma Drainage Devices
- 6.3.2. Glaucoma Laser Devices
- 6.3.3. Implants & Stents
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Eye Hospitals
- 6.4.2. Ophthalmology Clinics
- 6.4.3. Outpatient Surgical Centers
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Surgery Type
- 7.2.1. Conventional Glaucoma Surgeries
- 7.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Glaucoma Drainage Devices
- 7.3.2. Glaucoma Laser Devices
- 7.3.3. Implants & Stents
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Eye Hospitals
- 7.4.2. Ophthalmology Clinics
- 7.4.3. Outpatient Surgical Centers
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Surgery Type
- 8.2.1. Conventional Glaucoma Surgeries
- 8.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Glaucoma Drainage Devices
- 8.3.2. Glaucoma Laser Devices
- 8.3.3. Implants & Stents
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Eye Hospitals
- 8.4.2. Ophthalmology Clinics
- 8.4.3. Outpatient Surgical Centers
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Surgery Type
- 9.2.1. Conventional Glaucoma Surgeries
- 9.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Glaucoma Drainage Devices
- 9.3.2. Glaucoma Laser Devices
- 9.3.3. Implants & Stents
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Eye Hospitals
- 9.4.2. Ophthalmology Clinics
- 9.4.3. Outpatient Surgical Centers
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Glaucoma Surgery Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Surgery Type
- 10.2.1. Conventional Glaucoma Surgeries
- 10.2.2. Minimally Invasive Glaucoma Surgeries (MIGS)
- 10.3. Market Analysis, Insights and Forecast – By Product
- 10.3.1. Glaucoma Drainage Devices
- 10.3.2. Glaucoma Laser Devices
- 10.3.3. Implants & Stents
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Eye Hospitals
- 10.4.2. Ophthalmology Clinics
- 10.4.3. Outpatient Surgical Centers
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Abbott Laboratories
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Glaukos Corporation
- 11.6. Alcon, Inc.
- 11.7. ASICO
- 11.8. Carl Zeiss Meditec AG
- 11.9. Katalyst Surgical
- 11.10. Nidek Co., Ltd.
- 11.11. Lumenis Ltd.
- 11.12. Ziemer Ophthalmic Systems AG
- 11.13. Iridex Corporation
- 11.14. New World Medical, Inc.
- 11.15. Ellex Medical Lasers Ltd.
- 11.16. Johnson & Johnson
- 11.17. Bausch & Lomb, Inc.
- 11.18. Topcon Corporation
- 11.19. Lumenis Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
