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What key factors are powering the surge in the glaucoma drainage devices market right now?

In recent times, the market size of glaucoma drainage devices has seen a rapid expansion. It is forecasted to increase from $0.81 billion in 2024 to $0.90 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%. The previous growth can be attributed to factors such as the rising prevalence of diabetes, an expanding elderly population, a growing number of hospitals, and escalating government initiatives along with rising disposables income.

How fast Is the glaucoma drainage devices market expected to grow, and what’s its future value?

The market size of glaucoma drainage devices is projected to experience significant growth in the coming years, expanding to $1.32 billion by 2029 at a compound annual growth rate of 10.1%. Factors propelling growth during this forecast period include the rising instance of glaucoma, a surge in clinical trials, escalate healthcare spending, the expansion of custom-made treatment methods, and the increase in lifestyle-related diseases. Major trends influencing the market during this period are advancements in minimally invasive glaucoma surgery, innovations in microstents and nanotechnology, progress in biocompatible materials, and a growing inclination towards integrating glaucoma drainage devices with adjustable and refillable drainage systems.

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What are the leading drivers of growth in the glaucoma drainage devices market?

The surge in glaucoma cases worldwide is projected to accelerate the growth of the glaucoma drainage devices market. Glaucoma is a collection of eye disorders that harm the optic nerve, primarily due to heightened intraocular pressure, potentially leading to loss of vision if untreated. The escalating incidence of glaucoma is credited to various factors, including aging populations, urbanization, and lifestyle shifts. Glaucoma drainage devices are used to control intraocular pressure in resistant glaucoma, by enabling the outflow of aqueous humor when traditional treatments prove ineffective. The Glaucoma Research Foundation, a leading US research institution, estimated in March 2022 that around 80 million people worldwide are affected by glaucoma; shockingly, nearly half of them are uninformed about their ailment. Moreover, over 3 million Americans also suffer from glaucoma, with a similar ratio of undetected cases. As such, the growing prevalence of glaucoma conditions is fuelling the expansion of the glaucoma drainage devices market.

What are the key segments defining the glaucoma drainage devices market?

The glaucoma drainage devices market covered in this report is segmented –

1) By Product Type: Valved Glaucoma Drainage Devices, Non-Valved Glaucoma Drainage Devices

2) By Surgery Type: Conventional Glaucoma Surgery, Minimally Invasive Glaucoma Surgery

3) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users

Subsegments:

1) By Valved Glaucoma Drainage Devices: Ahmed Glaucoma Valve, Baerveldt Glaucoma Implant, Krupin Implant, Others

2) By Non-Valved Glaucoma Drainage Devices: Molteno Implant, Schocket Implant, Foster Implant, Others

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Who are the key players steering the development of the glaucoma drainage devices market?

Major companies operating in the glaucoma drainage devices market are AbbVie Inc., Alcon Inc., Johnson And Johnson Vision Care Inc., Santen Pharmaceutical Co. Ltd., Glaukos Corporation, Ocular Therapeutix Inc., IRIDEX Corporation, New World Medical Inc., Ivantis Inc., iSTAR Medical, Nova Eye Medical Limited, Altomed, Aurolab, G.surgiwear Limited, Eagle Vision Inc., Advanced Ophthalmic Innovations Pte Ltd., Avisi Technologies Inc., iVeena Delivery Systems, Optonol Ltd., Rheon-medical

What emerging trends are influencing the growth of the glaucoma drainage devices market?

Major companies operating in the glaucoma drainage devices market are focusing on developing next-generation canal-based glaucoma surgery devices to offer minimally invasive options and address the growing demand for safer, more efficient treatments. Canal-based glaucoma surgery devices are implants that target the Schlemm’s canal to enhance aqueous humor drainage, reducing intraocular pressure (IOP). This helps manage glaucoma by addressing the primary cause of the condition’s progression. For instance, in March 2023, Nova Eye Medical Limited, an Australia-based glaucoma devices manufacturer, received clearance for its iTrack Advance canaloplasty device. This innovative device is engineered for microcatheterization and viscodilation to reduce intraocular pressure (IOP) in adult patients with primary open-angle glaucoma. The iTrack Advance is equipped with an ergonomic handpiece and enhanced technology to improve surgical efficiency. It is designed for both standalone procedures and those performed in conjunction with cataract surgery.

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Which regions are most influential in expanding the glaucoma drainage devices market?

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

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