Glaucoma Surgery Devices Market Share, Size, Industry, Growth 2024-2031
Glaucoma Surgery Devices Market Overview
The global glaucoma surgery devices market was valued at USD 1.1 billion in 2022 and is anticipated to grow significantly, reaching USD 6.0 billion by 2031. This market is expected to achieve a robust CAGR of 24.2% from 2024 to 2031.
Glaucoma surgical devices are primarily designed to lower intraocular pressure (IOP), a key modifiable risk factor in glaucoma. By reducing IOP, these devices aim to halt the progression of the disease and prevent further damage to the optic nerve, with the primary goal of glaucoma treatment being the reduction of IOP.
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Glaucoma Surgery Devices Market drives
Glaucoma surgery has evolved significantly with advancements in surgical techniques, devices, and technologies. Laser technology, for example, is increasingly utilized in glaucoma surgery. Selective laser trabeculoplasty (SLT) uses a laser to enhance fluid outflow from the eye, thereby reducing intraocular pressure. Another method, Endoscopic Cyclo Photocoagulation (ECP), targets and reduces aqueous humor production in the eye using laser energy. In February 2023, Belkin Vision announced that their Direct SLT Eagle device, a non-contact and automated glaucoma laser therapy, is now being used to treat patients with glaucoma.
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Segmentations
By Product Type :Punches, USC Marker, USC Planer, USC Shaver, Probes & Alger brushes, Diamond Knives, Glaucoma Drainage Devices, Others
By Surgery Type: Trabeculectomy, Tube Shunt Implantation, Cyclophotocoagulation, MIGS, Others
By End Users: Ophthalmic Clinics, Diagnostic Centers, Other
Glaucoma Surgery Devices Market Regional growth
North America is projected to hold approximately 39.1% of the global market share throughout the forecast period. This dominance is attributed to the presence of numerous key market players in the region, who leverage strategies such as product launches, approvals, acquisitions, and expansions to capture a significant portion of the market.
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Key players
Johnson and Johnson, Corza Medical, Alcon, Inami & Co., Ltd., Katalyst Surgical, Lumenis, Millennium Surgical, Moria Surgical, Zabbys and Allergan.
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