Global Glaucoma Surgical Devices Market, By Product Type (Punches, USC Marker, USC planner, USC Shaver, Forceps, Algerbrush, Probes, Diamond Knives, Glaucoma Drainage Device, Laser System, Others), Surgery Method (Traditional Glaucoma Surgery, Minimal Invasive Glaucoma Surgery, Laser Surgery), End-User (Hospitals, Ophthalmic clinics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, 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 Surgical Devices Market
The glaucoma surgical devices market is expected to witness market growth at a rate of 8.04% in the forecast period of 2021 to 2028 and is expected to reach USD 648.13 million by 2028. Data Bridge Market Research report on glaucoma surgical devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in number of surgeries is escalating the growth of glaucoma surgical devices market.
Glaucoma refers to an ocular disease that generally affects the optic nerve of the iris. The progression of the condition results in vision loss and blindness. Glaucoma is known to be the most cause of blindness across the world and there are no existing treatments for the disorder. Some commercially available therapies are emphasizing on reducing the intraocular pressure that is considered responsible for the development and progression of the disease.
The increase in the incidences of glaucoma among population across the globe acts as one of the major factors driving the growth of glaucoma surgical devices market. The increase in government support such as favorable reimbursement policies and foreign direct investment provisions and rise in demand for minimal invasive glaucoma surgery (MIGS) procedures owing to reduced surgery time, affordability, shorter recovery period, and low risk of post-surgical complications accelerate the market growth. The increase in inclination towards permanent surgical solutions over long term management with prescription drugs among patients and rise in adoption of surgery because of therapeutic efficiency problems associated with medication, such as drug resistance, low bioavailability, and toxicity further influence the market. Additionally, advantages associated with minimally invasive treatment, surge in healthcare expenditure and growing geriatric population positively affects the glaucoma surgical devices market. Furthermore, technological advancements in instruments extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the devices is expected to obstruct the market growth. The rise in concerns regarding the risks associated with surgeries is projected to challenge the glaucoma surgical devices market in the forecast period of 2021-2028.
This glaucoma surgical devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 glaucoma surgical devices 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 Surgical Devices Market Scope and Market Size
The glaucoma surgical devices market is segmented on the basis of product type, surgery method and end-user. The growth amongst these segments will help you analyze 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 product type, the glaucoma surgical devices market is segmented into punches, USC marker, USC planner, USC shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system, and others.
- On the basis of surgery method, the glaucoma surgical devices market is segmented into traditional glaucoma surgery, minimal invasive glaucoma surgery, and laser surgery.
- On the basis of end-user, the glaucoma surgical devices market is segmented into hospitals, ophthalmic clinics, and others.
Global Glaucoma Surgical Devices Market Country Level Analysis
The glaucoma surgical devices market is analyzed and market size insights and trends are provided by country, product type, surgery method and end-user as referenced above.
The countries covered in the glaucoma surgical devices market report are the 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 surgical devices market because of the presence of leading market players, efficient reimbursement policies, and public health programs within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rise in incidence of open-angle glaucoma, especially in countries such as Japan, China, and India.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The glaucoma surgical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for glaucoma surgical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the glaucoma surgical devices market. The data is available for historic period 2011-2019.
Competitive Landscape and Glaucoma Surgical Devices Market Share Analysis
The glaucoma surgical devices 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 surgical devices market.
The major players covered in the glaucoma surgical devices market report are ZEISS International, Leica Microsystem, Johnson & Johnson Services, Inc., Quantel Medical, Bausch Health Companies Inc., NIDEK CO., LTD., Novartis AG, Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems, HOYA Corporation, Lumenis, STAAR SURGICAL, IRIDEX Corporation, TOPCON CORPORATION, Takagi Ophthalmic Instruments Europe LTD., ACB MOLTENO, Medical Technical Products, IVIS Technologies, and Aurolab, Inami & Co., Ltd., among 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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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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