The Glaucoma Surgery Devices Global Market Report 2023, provides comprehensive information on the glaucoma surgery devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Glaucoma Surgery Devices Global Market Report 2023, the market size is expected to grow from $1.55 billion in 2022 to $1.73 billion in 2023 at a compound annual growth rate (CAGR) of 11.58%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global glaucoma surgery devices market size is expected to reach $2.86 billion in 2027 at a CAGR of 13.41%.
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The increase in the prevalence of glaucoma is poised to drive growth in the glaucoma surgery devices market. Glaucoma, a progressive eye disease causing optic nerve damage, can result in permanent vision loss without prompt diagnosis and treatment. Glaucoma surgery devices play a crucial role in enhancing the safety, efficacy, and invasiveness of glaucoma surgeries, contributing significantly to rising demand. As reported by the World Glaucoma Association, an independent organization in the Netherlands specializing in glaucoma science and care, the most recent census estimated that 79.6 million people were affected by glaucoma in 2020, with a projected increase to 111.8 million by 2040. With over 11 million people bilaterally blind due to glaucoma in 2020, the escalating prevalence of glaucoma is a key driver for the glaucoma surgery devices market.
Technological advancements stand out as a prominent trend gaining traction in the glaucoma surgery devices market. Major players in the industry are actively pursuing the development of innovative technologies to maintain their market positions. In August 2022, Sight Sciences Inc., a US-based eyecare technology company, introduced the SION™ Surgical Instrument, marking the first bladeless device for goniotomy. This novel Minimally Invasive Glaucoma Surgery (MIGS) device, devoid of implants, offers a consistent and controlled approach to goniotomy, potentially leading to improved outcomes for glaucoma patients. Employing a flexible catheter for micro-incisions in the trabecular meshwork without a blade, SION’s bladeless technology enhances safety and ease of use, eliminating the need for maneuvering sharp instruments around the eye’s anterior chamber and iridocorneal angle. These design elements aim to elevate the effectiveness and precision of the tissue removal process
The glaucoma surgery devices market 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
North America was the largest region in the glaucoma surgery devices market in 2022.
Top Major Players
Alcon,
Johnson & Johnson,
Abbott Laboratories,
Carl Zeiss Meditec AG,
Bausch & Lomb Inc.
The table of contents in TBRC’s glaucoma surgery devices market report includes:
- Executive Summary
- Glaucoma Surgery Devices Market Characteristics
- Glaucoma Surgery Devices Market Trends And Strategies
- Glaucoma Surgery Devices Market – Macro Economic Scenario
- Glaucoma Surgery Devices Market Size And Growth
- Glaucoma Surgery Devices Market Segmentation
- Glaucoma Surgery Devices Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Glaucoma Surgery Devices Market
- Glaucoma Surgery Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Glaucoma Surgery Devices Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Glaucoma Surgery Devices Market, Segmentation By Treatment , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Glaucoma Surgery Devices Market, Segmentation By Type Of Surgery, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 48: Alcon Financial Performance
Table 49: Johnson & Johnson Financial Performance
Table 50: Abbott Laboratories Financial Performance
Table 51: Carl Zeiss Meditec AG Financial Performance
Table 52: Bausch & Lomb Inc. Financial Performance
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