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How has the glaucoma surgery devices market grown over the years?

In recent times, there has been a swift escalation in the size of the glaucoma surgery devices market. The market, valued at $1.9 billion in 2024, is projected to expand to $2.14 billion by 2025, registering a compound annual growth rate (CAGR) of 12.9%. Factors such as an aging demographic, the rising occurrence of glaucoma, heightened awareness and systematic screening initiatives, advancements in healthcare infrastructure, and favorable insurance and reimbursement strategies are key contributors to the growth witnessed in the historical period.

What Is the forecasted market size and growth rate for the glaucoma surgery devices market?

The market size for glaucoma surgery devices is anticipated to experience swift expansion in the upcoming years, escalating to “$3.7 billion in 2029 with a compound annual growth rate (CAGR) of 14.6%. The projected growth within this forecast period can be credited to factors such as the rise in the elderly population globally, heightened healthcare awareness, joint research and development endeavours, worldwide promotion of healthcare services, and the preference of patients for outpatient procedures. Key trends during the forecast period to watch for include decentralisation and grid resilience, the regulatory landscape, advancements in technology, integration with sustainable sources, and environmental factors.

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What are the major factors driving growth in the glaucoma surgery devices market?

An increase in glaucoma cases is likely to propel the glaucoma surgery devices market’s growth. Glaucoma, a gradual eye disease that causes optic nerve damage, can result in irreversible vision loss if not detected and treated in good time. Glaucoma surgery devices are instrumental in the implementation of glaucoma surgery. These devices have revolutionized glaucoma surgeries by making them safer, more efficient, and less intrusive, thus creating a surge in demand. As an example, The Institute for Health Metrics and Evaluation (IHME), an independent global research center based in Seattle at the University of Washington, stated in October 2024 that around 4.22 million people were living with glaucoma in the US in 2022, exhibiting a prevalence of 1.62% amongst adults aged 18 and above and 2.56% in those aged 40 and above. From these, approximately 1.49 million had vision-impairing glaucoma, affecting 0.57% of adults aged 18 years and above, and 0.91% of those aged 40 years and above. Hence, the surge in glaucoma cases is projected to fuel the advancement of the glaucoma surgery devices market.

What key areas define the segmentation of the global glaucoma surgery devices Market?

The glaucoma surgery devices market covered in this report 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

Subsegments:

1) By Drainage Systems: Tubes And Shunts, Collecting Devices, Valves

2) By Laser-Based Devices: Laser Trabeculoplasty, Laser Iridotomy Devices, Laser Cyclophotocoagulation Devices

3) By Implants: Gel Stents, Ahmed Glaucoma Valve Implants, Baerveldt Implants

4) By Other Products: Surgical Instruments, Diagnostic Devices, Surgical Kits

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What are the top market players propelling the growth of the glaucoma surgery devices industry?

Major companies operating in the glaucoma surgery devices market include Alcon, Johnson & Johnson, Abbott Laboratories, Carl Zeiss Meditec AG, Bausch & Lomb Inc., Topcon Corporation, HAAG-Streit Holding AG, Sonomed Escalon, Iridex Corporation Ltd., Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems AG, Katalyst Surgical, Nidek Co. Ltd., AbbVie Inc., BVI, Glaukos Corporation, Alievio Inc., Assenti LLC, Chongqing Migos Medical Technology Co Ltd., OcuTherix Inc, OPKO Health Inc, OptoLight Vision Technology, Rheon Medical SA, Sight Sciences Inc, Lumenis Ltd.

What are the key trends shaping the future of the glaucoma surgery devices market?

Key technological advancements are increasing in prevalence as a major trend in the glaucoma surgery devices market. Many large companies in this market concentrate on the creation of cutting-edge technologies to retain their market presence. For example, Sight Sciences Inc., an American eyecare tech firm, unveiled the SION Surgical Instrument in August 2022. This is the inaugural bladeless device for goniotomy, offering a brand-new, implant-free option for Minimally Invasive Glaucoma Surgery (MIGS). The technology is designed to allow a consistent and controlled application of goniotomy, potentially providing superior results for glaucoma patients. It employs a pliable catheter to generate micro-incisions in the trabecular meshwork sans a blade. SION’s bladeless technology aims to enhance safety and user-friendliness by eliminating the necessity for sharp object manipulation around the eye’s anterior chamber and iridocorneal angle. The design aspects have the potential to augment the efficiency and completion of the tissue removal process.

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What regions are dominating the glaucoma surgery devices market growth?

North America was the largest region in the glaucoma surgery devices market in 2024. The regions covered in the glaucoma surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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