The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s glaucoma surgery devices market report forecasts the glaucoma surgery devices market size to grow to $2.86 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Glaucoma Surgery Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/glaucoma-surgery-devices-global-market-report

Glaucoma Surgery Devices Market Size Forecast
The global glaucoma surgery devices market 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%.

North America held the largest glaucoma surgery devices market share.

Key Glaucoma Surgery Devices Market Driver ­– Growth In The Prevalence Of Glaucoma
According to an article posted by the World Glaucoma Association (WGA), a Netherlands-based independent organisation for glaucoma science and care, the most current census and prevalence estimations indicated that 79.6 million people would be affected by glaucoma in 2020. There will most likely be 111.8 million individuals on the planet in 2040. More than 11 million people (or 13% of cases) will be bilaterally blind due to glaucoma by 2020. As a result, the rising prevalence of glaucoma will propel the glaucoma surgery devices market ahead.

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Key Glaucoma Surgery Devices Market Trend – Technological Advancement
To maintain their market position, major businesses in the glaucoma surgery devices market are focusing on the development of new and creative technologies. For example, Sight Sciences Inc., a US-based eyecare technology business, will unveil the SIONTM Surgical Instrument, the first bladeless device used in goniotomy, in August 2022. It is a new, implant-free Minimally Invasive Glaucoma Surgery (MIGS) technology developed to give a consistent and regulated approach to goniotomy, potentially leading to better outcomes for glaucoma patients. This technique employs a flexible catheter to make micro-incisions in the trabecular meshwork without the need of a blade. SION’s bladeless technology was developed to improve safety and ease of use by eliminating the requirement for sharp tools to be manoeuvred around the anatomy of the eye’s anterior chamber and iridocorneal angle. The design aspects are intended to improve the efficiency and effectiveness of the excisional tissue removal process.

Glaucoma Surgery Devices Market Segment
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

Glaucoma Surgery Devices Market Major Players and Strategies
Major players in the glaucoma surgery devices market are 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 and Nidek Co. Ltd.

Alcon, a Swiss ophthalmology company, paid an undisclosed sum for Ivantis Inc. in October 2022. The hydrus microstent, a minimally invasive device used to treat patients with mild-to-moderate primary open-angle glaucoma, was added to Alcon’s global surgical portfolio as part of the acquisition. Ivantis is a technology business established in the United States that specialises in creating minimally invasive glaucoma surgery (MIGS) devices, such as the hydrus microstent, to help restore normal fluid flow in the eye and reduce intraocular pressure.

The Glaucoma Surgery Devices Global Market Report 2023 covers regional data on glaucoma surgery devices market size, glaucoma surgery devices market trends and drivers, opportunities, strategies, and glaucoma surgery devices market competitor analysis. The countries covered in the glaucoma surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Glaucoma surgery devices are medical instruments and tools that are used to perform surgical procedures on the eye in order to treat glaucoma. The goal of surgical glaucoma treatment is to enhance aqueous outflow capacity so that intraocular pressure can be reduced. Glaucoma is a set of eye illnesses that cause optic nerve damage and can lead to vision loss and blindness.

View More Reports Related To The Glaucoma Surgery Devices Market –
Antiglaucoma Drugs Global Market Report 2023
Minimal Invasive Surgery Devices Global Market Report 2023
Bariatric Surgery Devices Global Market Report 2023

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