The global glaucoma surgery devices market is projected to grow at a considerable CAGR of around 7% during the forecast period. The growing occurrences of chronic disorders of eyes, increasing favourable government policies, and government initiatives to prevent vision impairment, among others are the key factors to drive the growth of the glaucoma surgery devices market across the globe. Technological enhancements in the glaucoma surgery devices are playing a significant role and marking significant trends in the area glaucoma surgery, which are anticipated to accelerate the growth of the market during the forecast period. The increasing adoption of minimally invasive glaucoma surgery owing to its higher safety profile with fewer complications and rapid recovery time is further creating the demand for glaucoma surgery devices across the globe.
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According to NPCB (National Programme for Control of Blindness), there are around 45 million blind individuals across the globe, and as per the World Health Organization (WHO), the population of blind individuals will double due to the growing population and longevity. These factors are expected to increase the demand for glaucoma surgery. Various government programs and initiatives have contributed substantially to the growth of the glaucoma treatment which in turn is creating demand for the glaucoma surgery devices market. For instance, in India, a program NPCB was launched, aimed to reduce the prevalence of blindness to 0.3% by 2022. Additionally, the program included treatment for eye diseases such as diabetic retinopathy, as well as glaucoma, by the use of several lasers.
Moreover, technological advancements, including optical coherence tomography for increasing the accuracy of glaucoma laser surgeries, witnessed in the ophthalmology, also strengthened the glaucoma surgery device market. On the other hand, these devices are quite expensive which is hampering the acceptance of these devices among the end-users, which can restrain the growth of the glaucoma surgery device market across the globe. Key ophthalmic Laser therapy providers include Carl Zeiss Meditec AG, NIDEK Co., Ltd., Bausch & Lomb, Inc., Novartis International AG, Quantel Medical, and A.R.C. Laser GmbH among others.
Key Market trends covered in the Market Report
- High Prevalence of glaucoma to drive the global market.
- Risk of postoperative glaucoma surgeries to restrain market growth.
- North America held a major market share in 2018.
- Programs and initiatives across the globe to prevent glaucoma are anticipated to offer considerable opportunities for the growth of the global market.
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Global Glaucoma Surgery Devices Market
By Surgery Type
- Conventional Glaucoma Surgeries
- Minimally Invasive Glaucoma Surgeries
By Product Type
- Glaucoma Drainage Devices
- Glaucoma Laser Devices
- Implants & Stents
By End-User
- Hospitals
- Ophthalmology Clinics
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
