Global Glaucoma Surgery Market, By Target (Trabecular Meshwork, Suprachoroidal Space, Others), Surgery Type (Conventional Glaucoma Surgeries, Minimally Invasive Glaucoma Surgeries), Product (Glaucoma Drainage Devices, Glaucoma Laser Devices, Implants & Stents), End-User (Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centers) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Glaucoma Surgery Market
The glaucoma surgery market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4,243.74 million and grow at a CAGR of 8.94% in the above-mentioned forecast period. High prevalence of glaucoma drives the glaucoma surgery market.
Glaucoma is defined as an ocular disease that affects the optic nerve of the iris and progression of the same results in vision loss and blindness. It is a type of condition that causes blindness and is a chronic and permanent disorder whose prevalence’s is increasing with increasing age.
Increase in the geriatric population worldwide is the vital factor escalating the market growth, also rise in the transition towards minimally invasive surgeries for glaucoma treatment, rise in the rapid technological advancements in the glaucoma surgery devices, rise in the focus on customer training and education along with the awareness and rise in the easy availability of medical insurance coverage for diagnosis and treatment are the major factors among others driving the glaucoma surgery market. Moreover, rise in the research and development activities in the market, rise in the investment by key players in the untapped regions and rise in the programs and initiatives to reduce the burden of glaucoma across the globe will further create new opportunities for glaucoma surgery market in the forecasted period of 2021-2028.
However, less awareness regarding glaucoma and available surgery devices in underdeveloped economies, increase in the risk of post-operative complications associated with the glaucoma surgeries and increase in the dearth of skilled professionals are the major factors among others which will obstruct the market growth, and will further challenge the growth of glaucoma surgery market in the forecast period mentioned above.
The glaucoma surgery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glaucoma surgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Glaucoma Surgery Market Scope and Market Size
The glaucoma surgery market is segmented on the basis of target, surgery type, product and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of target, the glaucoma surgery market is segmented into trabecular meshwork, suprachoroidal space and others.
- Based on surgery type, the glaucoma surgery market is segmented into conventional glaucoma surgeries and minimally invasive glaucoma surgeries.
- Based on product, the glaucoma surgery market is segmented into glaucoma drainage devices, glaucoma laser devices and implants & stents.
- The glaucoma surgery market is also segmented on the basis of end-user into Eye hospitals, ophthalmology clinics and outpatient surgical centers.
Glaucoma Surgery Market Country Level Analysis
The glaucoma surgery market is analysed and market size insights and trends are provided by country, target, surgery type, product and end-user as referenced above.
The countries covered in the glaucoma surgery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the glaucoma surgery market due to rise in the presence of leading market players, increase in the efficient reimbursement policies, and public health programs, such as Eye America and Vision US, increasing awareness about glaucoma and early product availability in this region. Europe is the second largest region in terms of growth in glaucoma surgery market due to rise in the transition towards minimally invasive surgeries for glaucoma treatment and rise in the rapid technological advancements in the glaucoma surgery devices in this region. Asia-Pacific is the expected region in terms of growth in glaucoma surgery market due to rise in the transition towards minimally invasive surgeries for glaucoma treatment and rise in the rapid technological advancements in the glaucoma surgery devices in this region.
The country section of the glaucoma surgery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The glaucoma surgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for glaucoma surgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the glaucoma surgery market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Glaucoma Surgery Market Share Analysis
The glaucoma surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glaucoma surgery market.
The major players covered in the glaucoma surgery market report are Novartis AG, Glaukos Corporation, Abbott, New World Medical, Inc., Johnson & Johnson Private Limited, Bausch & Lomb Incorporated, TOPCON CORPORATION, Lumenis, Allergan, Teva Pharmaceutical Industries Ltd, NIDEK CO., LTD, HAAG-STREIT GROUP, Essilor, Ziemer Ophthalmic Systems, Carl Zeiss Meditec, Sonomed Escalon, HumanOptics and PhysIOLamong other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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