Glaucoma Surgery Devices Market
Global Glaucoma Surgery Devices Market Size, Share & Trends Analysis Report by Surgery Type (Conventional Glaucoma Surgery and Minimally Invasive Glaucoma Surgery), By Product Type (Glaucoma Drainage Devices, Glaucoma Laser Devices, and Implants & Stents) By End-User (Hospitals, Ophthalmology Clinic, and Others) Forecast 2019-2025 Update Available - Forecast 2024-2030
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.
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.
Segmental Outlook
The glaucoma surgery devices market is segmented on the basis of surgery type, product type, and end-user. Based on the surgery type market is segmented into. Based on product type, the market is segmented into glaucoma drainage devices, glaucoma laser devices, and implants & stents. Based on end-user the market is segmented into hospitals, clinics, and others. Hospitals are anticipated to make a major contribution to the growth of the global glaucoma surgery devices market. The segmental growth is attributed to the extensive use of surgical devices in hospital settings coupled with the increasing number of various ophthalmic disorders. In addition, hospitals offer enhanced healthcare facilities as compared to other end-users. Additionally, an increasing number of hospitals in emerging economies further contribute to the segmental growth of the market.
Minimally Invasive Glaucoma Surgery to hold considerable market share
The minimally invasive glaucoma surgery involves a higher safety profile with fewer complications and rapid recovery time as compared to the conventional method of glaucoma surgery. The minimally invasive surgery is proved to be effective in lowering the intraocular pressure (IOP) as well as a patient’s need for further medications and a low compliance rate for medication adherence. People across the globe are showing a high inclination towards minimally invasive surgery owing to lower demand for further medication.
Global Glaucoma Surgery Devices Market Share by Surgery Type, 2018 (%)
Regional Outlook
The global glaucoma surgery devices market is further segmented on the basis of geography including North America, Europe, Asia-Pacific, and Rest of the World. North America held the major share in the market in 2018. The regional growth is attributed to the increasing healthcare expenditure in the US and the presence of well-developed healthcare infrastructure in the country. Further, the presence of a huge target patient pool along with the rising inclination of patients towards the minimally invasive surgical procedure is anticipated to provide the growth to the regional market. North America is followed by Europe and the Asia-Pacific is projected to be the fastest-growing market during the forecasted period.
Global Glaucoma Surgery Devices Market Growth, by Region 2019-2025
Asia-Pacific will augment with the significant growth rate in the market
The major economies contributing to the regional growth of the market include China, Japan, and India. Increasing FDA approval in the regional marketplace spurs the growth of the market. For instance, in 2016, Ellex Medical Lasers, Ltd. received approval from the China Food and Drug Administration (China FDA) for its complete portfolio of glaucoma, vitreous floaters, and secondary cataract treatment lasers (its YAG laser portfolio) in the Chinese market. This approval has directly increased the sales of the company’s products in China, in 2017. Such approvals by the regulatory authorities tend to drive the market growth of the regional market in the near future.
Market Players Outlook
Some of the key players in the market include Johnson & Johnson Service, Inc., NIDEK Co., Ltd., Novartis International AG, Glaukos Corp., Novartis International AG, Abbott Laboratories, Inc., Allergan PLC, Bausch & Lomb, Inc., Carl Zeiss Meditec AG, and so on. These market players adopted various organic and inorganic growth strategies such as mergers and acquisitions and product launchin order to expand their share in the market and gain a competitive advantage over other players.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global glaucoma surgery devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Glaukos Corp.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Novartis International AG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Ellex Medical Lasers, Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Johnson & JohnsonService, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Carl Zeiss Meditec AG
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Glaucoma Surgery Devices Market by Surgery Type
5.1.1. Conventional Glaucoma Surgeries
5.1.2. Minimally Invasive Glaucoma Surgeries
5.2. Global Glaucoma Surgery Devices Market by Product Type
5.2.1. Glaucoma Drainage Devices
5.2.2. Glaucoma Laser Devices
5.2.3. Implants & Stents
5.3. Global Glaucoma Surgery Devices Market by End-User
5.3.1. Hospitals
5.3.2. Ophthalmology Clinics
5.3.3. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. A.R.C. Laser GmbH
7.2. Abbott Laboratories, Inc.
7.3. Allergan PLC
7.4. Bausch & Lomb, Inc.
7.5. Carl Zeiss Meditec AG
7.6. Coherent, Inc.
7.7. Ellex Medical Lasers, Ltd.
7.8. Glaukos Corp.
7.9. IPG Photonics Corp.
7.10. IRIDEX Corp.
7.11. Johnson & Johnson Service, Inc.
7.12. LIGHTMED Corp.
7.13. LightScalpel
7.14. Meridian AG
7.15. NIDEK Co., Ltd.
7.16. Novartis International AG
7.17. Quantel Medical
7.18. SCHWIND Eye Tech Solutions GmbH
7.19. Topcon Medical Systems, Inc.
7.20. Zeimer Ophthalmic Systems AG
1. GLOBAL GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY SURGERY TYPE, 2018-2025 ($ MILLION)
2. GLOBAL CONVENTIONAL GLAUCOMA SURGERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL MINIMALLY INVASIVE SURGERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
5. GLOBAL GLAUCOMA DRAINAGE DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL GLAUCOMA LASER DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL IMPLANTS & STENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
10. GLOBAL HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL OPHTHALMOLOGY CLINICS MARKET RESEARCH AND ANALYSIS BY REGION,2018-2025 ($ MILLION)
12. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. NORTH AMERICAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY SURGERY TYPE, 2018-2025 ($ MILLION)
15. NORTH AMERICAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
16. NORTH AMERICAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
17. EUROPEAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
18. EUROPEAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY SURGERY TYPE, 2018-2025 ($ MILLION)
19. EUROPEAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
20. EUROPEAN GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY SURGERY TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
25. REST OF THE WORLD GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY SURGERY TYPE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
27. REST OF THE WORLD GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL GLAUCOMA SURGERY DEVICES MARKET SHARE BY SURGERY TYPE, 2018 VS 2025 (%)
2. GLOBAL GLAUCOMA SURGERY DEVICES MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
3. GLOBAL GLAUCOMA SURGERY DEVICES MARKET SHARE BY END-USER, 2018 VS 2025 (%)
4. GLOBAL GLAUCOMA SURGERY DEVICES MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. THE US GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
7. UK GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD GLAUCOMA SURGERY DEVICES MARKET SIZE, 2018-2025 ($ MILLION)
