Glaucoma surgery devices market is projected to grow at a considerable CAGR of around 7% during the forecast period (2019-2025). Rising geriatric population is a major factor that is anticipated to drive the growth of the glaucoma surgery devices industry during the forecast period. The geriatric population is expanding across the globe as the life expectancy and overall health have dramatically improved during recent years. The geriatric population is at increased risk of developing glaucoma. This is due to the fact that visual impairment increases with age among all racial and ethnic groups. According to the International Diabetic Federation (IDF), in 2019, nearly 463 million adults were living with diabetes; by 2045 this will rise to 700 million. The growing number of diabetic patients further promotes the market for glaucoma surgery devices as they are more to the development of glaucoma in their eyes.
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Further, technological advancement in the field of glaucoma surgery devices further gives a boost to the growth of the glaucoma surgery devices market. For instance,The ND: YAG laser has a significant range of applications in glaucoma surgery. In the case of glaucoma, it is used to create a peripheral iridotomy among patients with angle-closure and narrow angles glaucoma. The shortage of skilled professionals and risks associated with LASIK surgery such as loss of vision or change are among some factors that may restrain the growth of the glaucoma surgery market. The increasing healthcare expenditure and growth in medical tourism across several countries across the globe is anticipated to create huge opportunities for the growth of the market.
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Market Segmentation
Global Glaucoma Surgery Devices Market by Surgery Type
• Conventional Glaucoma Surgeries
• Minimally Invasive Glaucoma Surgeries
Global Glaucoma Surgery Devices Market by Product Type
• Glaucoma Drainage Devices
• Glaucoma Laser Devices
• Implants & Stents
Global Glaucoma Surgery Devices Market by End-User
• Hospitals
• Ophthalmology Clinics
• Others
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• A.R.C. Laser GmbH
• Abbott Laboratories, Inc.
• Allergan PLC
• Bausch & Lomb, Inc.
• Carl Zeiss Meditec AG
• Coherent, Inc.
• Ellex Medical Lasers, Ltd.
• Glaukos Corp.
• IPG Photonics Corp.
• IRIDEX Corp.
• Johnson & Johnson Service, Inc.
• LIGHTMED Corp.
• LightScalpel
• Meridian AG
• NIDEK Co., Ltd.
• Novartis International AG
• Quantel Medical
• SCHWIND Eye Tech Solutions GmbH
• Topcon Medical Systems, Inc.
• Zeimer Ophthalmic Systems AG
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