Glaucoma Surgery Devices Market Competitive Analysis and Demand Analysis 2021 – Ellex Medical Lasers Ltd., Abbott Laboratories

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 is an ocular disease that affects the optic nerve of the iris diaphragm, and progression of the same results in optic nerve damage or vision loss. In glaucoma, intraocular pressure build-up within the eye due to excessive accumulation of eye-fluid; this may lead to eye-sight damage or blindness. According to the World Health Organization (WHO), glaucoma is the major cause of blindness, specifically in people aged over 60 years, across the globe.

Glaucoma surgery devices play a vital role while operating the patients suffering from glaucoma, hence are adopted on a large scale world-wide. These include various Lasik and non-Lasik implants as well as other such devices that help in reducing the intraocular pressure, thereby leveraging the ocular pressure. In the treatment of glaucoma, optical surgeons either use conventional glaucoma surgeries or minimal invasive glaucoma surgeries.

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Market Dynamics and Trends

About 2.7 million Americans ageing 40 years or above suffer from open-angle glaucoma disorder, 3.3 million are affected by blindness or low-vision, and more than 3 million Americans are living with glaucoma disease. The increasing prevalence of glaucoma at global level, as well as constantly multiplying number of geriatric populations world-wide are the key factors driving the growth of global glaucoma surgery devices market.

Furthermore, higher inclination towards minimal invasive surgeries, increasing consumer awareness regarding treatment of this disease, advancements in healthcare infrastructures, and innovative developments in the product technologies, are the factors anticipated in propelling the growth of the global glaucoma surgery devices market throughout the forecast period.

However, less awareness regarding glaucoma treatment in the underdeveloped countries, shortage of skilled medical professionals, and risk of post-operative complications associated with glaucoma surgeries are hampering the growth of the glaucoma surgery devices market.

On contrary, factors such as, higher investments in R&D activities, increase in number of campaigns by government & non-government organization for spreading awareness regarding glaucoma treatment, and untapped market opportunities in the emerging economies, shall pave the way for lucrative opportunities in the global glaucoma surgery devices market in coming future.

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Top Companies: Ellex Medical Lasers Ltd., Abbott Laboratories, Johnson & Johnson, Alcon, Inc., Topcon Corporation, Glaukos Corporation, New World Medical, Inc., Bausch & Lomb, Inc., Lumenis Ltd., Allergan Plc

Market Segmentations and Scope of the Study:

The glaucoma surgery devices market share has been analyzed based on surgery type, product, end user, and geography.

Based on surgery type, the market is segmented into conventional glaucoma surgeries and minimally invasive glaucoma surgeries. The product segment is further divided into glaucoma drainage devices, glaucoma laser devices, and implants & stents. Based on the end user, the market covers eye hospitals, ophthalmology clinics, and outpatient surgical centers. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is anticipated to hold the highest glaucoma surgery devices market share throughout the forecast period owing to higher prevalence of glaucoma in this region, increasing adoption of technologically advanced devices for glaucoma surgeries, and better reimbursement facilities.

Asia-Pacific region shall witness an increasing glaucoma surgery devices market size owing to improvement in the healthcare facility and growing awareness about treatment options.

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