Press release
Glaucoma Drainage Devices Market Revenue Report with Forecast to 2034
According to the latest research by InsightAce Analytic, the global Glaucoma Drainage Devices Market Size is valued at 808.4 Million in 2024 and is predicted to reach 2,130.5 Million by the year 2034 at an 10.3% CAGR during the forecast period for 2025-2034.
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Glaucoma encompasses a group of conditions that impact the optic nerve, leading to vision impairment and, in many cases, elevated intraocular pressure (IOP). Glaucoma drainage devices are employed in surgical procedures, including in patients with a low risk of trabeculectomy failure, to facilitate the effective drainage of aqueous humor and maintain ocular health. If left untreated, glaucoma can cause irreversible blindness, underscoring the importance of appropriate intervention. In recent years, the global prevalence of glaucoma has risen considerably, primarily due to the increasing aging population worldwide.
The aging population will likely fuel demand for glaucoma drainage devices in the future. The growing emphasis on healthcare and expanding knowledge of glaucoma procedures and their advantages are expected to open up new prospects for glaucoma drainage device firms worldwide. The increasing availability of glaucoma surgery devices is also projected to fuel growth in the glaucoma drainage devices market.
The market for glaucoma drainage devices is anticipated to be driven by the increasing emphasis on eye care and preventative medications. Producers of glaucoma drainage devices strive to minimize their use's danger and negative effects. The lack of awareness of the advantages of glaucoma operations is predicted to hinder the global market for glaucoma drainage devices. For the glaucoma drainage device market to reach its full potential in the upcoming years, makers will likely focus on these issues and try to solve them.
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North America is anticipated to be the major contributor to the glaucoma drainage devices market over the forecast years; to the region's rising senior population, diabetes and lifestyle disorders are predicted to increase demand for glaucoma drainage devices. In this region, rising stress levels and the prevalence of hypertension are projected to drive up demand for glaucoma drainage devices. In addition, the Asia Pacific glaucoma drainage devices market is expected to grow significantly during the forecast period, a significant region in the global market. The need for glaucoma drainage devices is projected to increase in the next years because of the aging population. Glaucoma drainage device companies in this region should expect new opportunities due to increasing emphasis on healthcare and an understanding of glaucoma procedures and their benefits.
Major market players operating in the Glaucoma Drainage Devices market include
Avisi Technologies LLC, Geuder AG, InnFocus Inc, iVeena Delivery Systems Inc, Alcon, Henan Universe IOL R&M Co., Ltd., Alievio Inc, Merz Anteis SA, MicroOptx, Inc., OPKO Health Inc, and Nova Eye Medical.
Recent collaborations and agreements in the market:
• In May 2021, Rheon Medical SA received breakthrough device recognition from the US FDA for their AirWatch technology. This is the first adjustable glaucoma shunt in the world.
• In August 2019, the US FDA recognized Rheon Medical SA's eye watch technology as a breakthrough product. This is the world's first adjustable glaucoma shunt.
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Market Segments
Global Glaucoma Drainage Devices Market, by Product, 2025-2034 (Value US$ Mn)
• Valved Implants
• Nonvalved Implants
Global Glaucoma Drainage Devices Market, by End-Users, 2025-2034 (Value US$ Mn)
• Hospitals
• Ophthalmic Clinics
• Other End-Users
Global Glaucoma Drainage Devices Market, by Region, 2025-2034 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Glaucoma Drainage Devices Market, by Country, 2025-2034 (Value US$ Mn)
• U.S.
• Canada
Europe Glaucoma Drainage Devices Market, by Country, 2025-2034 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Glaucoma Drainage Devices Market, by Country, 2025-2034 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Glaucoma Drainage Devices Market, by Country, 2025-2034 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Glaucoma Drainage Devices Market, by Country, 2025-2034 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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