Glaucoma Surgery Devices Global Market Is Expected To Grow At A Rate Of More Than 13% Through 2023 – 2027
30 Jun, 2023
The global glaucoma surgery devices market size is expected to grow from $1.55 billion in 2022 to $1.73 billion in 2023 at a compound annual growth rate (CAGR) of 11.58%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global glaucoma surgery devices market size is expected to reach $2.86 billion in 2027 at a CAGR of 13.41%.
Global Glaucoma Surgery Devices Market Key Driver
The rising prevalence of glaucoma is likely to drive the glaucoma surgery devices market forward. Glaucoma is a degenerative eye illness that destroys the optic nerve and, if not recognised and treated early, can result in permanent vision loss. Glaucoma surgery gadgets play a vital part in glaucoma surgery execution, and they have made glaucoma surgeries safer, more successful, and less intrusive, which adds significantly to the increasing demand.
Get a sample of the global glaucoma surgery devices market reportGlobal Glaucoma Surgery Devices Market Segments
The global glaucoma surgery devices market is segmented:
1) By Product: Drainage Systems, Laser-Based Devices, Implants, Other Products
2) By Treatment: Open-Angle, Closed-Angle
3) By Type Of Surgery: Angle Closure Glaucoma Surgery, Aqueous Shunt Surgery, Laser Surgery, Other Type Of Surgeries
4) By Application: Conventional Glaucoma Surgeries, Minimally Invasive Glaucoma Surgeries
5) By End User: Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centers
6) By Geography: The regions covered in the glaucoma surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global glaucoma surgery devices market.
Major Glaucoma Surgery Devices Industry Players
Alcon, Johnson & Johnson, Abbott Laboratories, Carl Zeiss Meditec AG, Bausch & Lomb Inc., Topcon Corporation, HAAG-Streit Holding AG, Essilor International S.A., Hoya Corporation, Sonomed Escalon, Iridex Corporation Ltd., Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems AG, Katalyst Surgical, Nidek Co. Ltd.
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Glaucoma Surgery Devices Market Overview
Glaucoma surgery devices refer to various medical instruments and tools used to perform surgical procedures on the eye to treat glaucoma. The goal of surgical glaucoma treatment is to increase aqueous outflow capacity in order to decrease intraocular pressure. Glaucoma is a group of eye diseases that damage the optic nerve and can result in vision loss and blindness.
Glaucoma Surgery Devices Global Market Report 2023 provides data on the global glaucoma surgery devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The glaucoma surgery devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.