Glaucoma Surgery Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033

Glaucoma Surgery Devices Market Report Overview

The glaucoma surgery devices market size was $373.2 million in 2023. The market is expected to grow at a CAGR of more than 5% during 2023-2033. Glaucoma surgery devices are used to augment normal physiologic aqueous outflow pathways to provide effective intra-ocular pressure. Glaucoma drainage devices are designed to divert aqueous humor from the anterior chamber to an external reservoir, where a fibrous capsule forms about 4-6 weeks after surgery and regulates flow.

Glaucoma Surgery Devices Market Outlook, 2023-2033 ($ Million)

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The Glaucoma Surgery Devices market research report has been created to understand market behavior, which will help identify quantitative market trends in the Ophthalmic Devices therapeutic area. It discusses in detail the impact of COVID-19 on the glaucoma surgery devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.

Glaucoma Surgery Devices Market Dynamics

Increased awareness of glaucoma drainage devices is one of the factors driving the glaucoma surgery devices market. Additionally, the aging population creates a greater patient pool for glaucoma surgery and there is a growing demand for the use of MIGS. Since the aging population coupled with an increase in the incidence and prevalence of glaucoma is the leading cause of irreversible vision loss, the best preventive measure is the drainage of fluids from the eyes. This is expected to increase sales of valved and non-valved drainage devices.

Glaucoma Surgery Devices Market Segments

The glaucoma surgery devices market can be segmented into glaucoma drainage devices and minimally invasive glaucoma surgery (MIGS) devices. Glaucoma drainage devices led the glaucoma surgery devices market in 2023. They can be further sub-segmented into non-valved drainage devices and valved drainage devices. Glaucoma drainage devices or implants are small plastic devices that are surgically attached to the eye’s surface to improve or shunt the flow of aqueous drainage.

Glaucoma Surgery Devices Market Analysis by Segments, 2023 (%)

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Glaucoma Surgery Devices Market Segmentation by Regions

The key regions in the glaucoma surgery devices market are North America, Europe, Asia-Pacific, South Central America, and the Middle East and Africa. North America led the glaucoma surgery devices market in 2023. North America is expected to experience fast growth in the glaucoma drainage devices market during the forecast period. Both the US and Canada have large elderly populations, with many of their respective inhabitants being aged 70 years or older. This factor mainly drives the growth of the glaucoma surgery devices market in North America. Aging populations not only boost the size of the current glaucoma surgery devices market but also provide strong potential for growth.

Glaucoma Surgery Devices Market Analysis by Regions, 2023 (%)

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Glaucoma Surgery Devices Market - Competitive Landscape

A few of the leading companies in the glaucoma surgery devices market are:

• Glaukos Corp
• Allergan Aesthetics
• Alcon Inc
• Johnson & Johnson Vision Care Inc
• New World Medical, Incorporated
• Aurolab
• Santen Pharmaceutical Co Ltd
• Nova Eye Medical Ltd

Glaukos Corp held the largest share of the glaucoma surgery devices market in 2023.

Glaucoma Surgery Devices Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Glaucoma Surgery Devices Segments Outlook (Value, $ Million, 2015-2033)

• Glaucoma Drainage Devices
  • Non-Valved Drainage Devices
  • Valved Drainage Devices
• Minimally Invasive Glaucoma Surgery (MIGS) Devices

Glaucoma Surgery Devices Regional Outlook (Value, $ Million, 2015-2033)

• North America
• Europe
• Asia Pacific
• South Central America
• Middle East and Africa

Key Inclusions

Currently marketed Glaucoma Surgery Devices and evolving competitive landscape:

• Insightful review of the key industry trends.
• Annualized total Glaucoma Surgery Devices market revenue by segment and market outlooks from 2015-2033.
• Granular data on total procedures, units, average selling prices, and market values by segment.

Global, Regional, and Country level market specific insights:

• Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Glaucoma Surgery Devices market.
• Competitive dynamics insights and trends provided for the Glaucoma Surgery Devices market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the market access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Glaukos Corp, AbbVie Inc, Alcon Inc, Johnson & Johnson, New World Medical, Incorporated, Aurolab, Santen Pharmaceutical Co Ltd, Nova Eye Medical Ltd, and others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This report provides:

• Insightful review of the key industry trends.
• Annualized total Glaucoma Surgery Devices market revenue by segment and market outlooks.
• Market-level data on units, average selling prices, and market values.
• Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Glaucoma Surgery Devices market.
• Competitive dynamics insights and trends provided for the Glaucoma Surgery Devices market.
• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Reasons to Buy

The model will enable you to:

• Understand the impact of COVID-19 on the Glaucoma surgery devices market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving the Glaucoma surgery devices market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Glaucoma surgery devices market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
• Track device sales in the global and country-specific Glaucoma surgery devices market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.