2024 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Report: Key Drivers, Size, and Leading Segments
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What is the Expected Growth Rate of the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market from 2024 to 2033?
The minimally invasive glaucoma surgery (MIGS) devices market has seen exponential growth, expected to increase from $0.55 billion in 2023 to $0.70 billion in 2024, with a CAGR of 27.8%. This is due to greater awareness for blindness prevention, increased healthcare investments, and government initiatives.
The minimally invasive glaucoma surgery (MIGS) devices market is projected to see exponential growth, expected to reach $1.89 billion by 2028 at a CAGR of 28.2%. The growth is driven by the rising prevalence of glaucoma, an aging population, and a growing healthcare infrastructure. Key trends include technological advancements and the development of innovative MIGS devices.
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What Key Factors Are Fueling the Growth of the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market?
The increasing prevalence of eye disorders is expected to enhance the market for minimally invasive glaucoma surgery (MIGS) devices. Eye disorders encompass various conditions affecting vision, and their prevalence is rising due to lifestyle and environmental factors, as well as an aging population. MIGS devices are innovative tools aimed at managing eye diseases by lowering intraocular pressure to control glaucoma progression. The National Eye Institute projects that around 2.2 million Americans will be blind or partially blind by 2030. Thus, the rising prevalence of eye disorders is driving the MIGS devices market.
What Are the Major Segments of the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market?
1) By Product: Valves, Glaucoma Drainage Implant, Glaucoma Tube Shunts, Stents, Other Products
2) By Surgery: Glaucoma In Conjunction With Cataract, Stand Alone Glaucoma
3) By Target: Trabecular Meshwork, Suprachoroidal Space, Other Targets
4) By Distribution Channel: Direct Tender, Retail Sales
5) By End User: Ophthalmology Clinics, Ambulatory Surgery Centers (ASCS), Other End Users
What New Trends Are Transforming the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market?
In the minimally invasive glaucoma surgery (MIGS) devices market, companies are innovating with stent injectable systems to improve glaucoma treatment. For example, in August 2022, Glaukos Corporation received FDA clearance for the iStent Infinite Trabecular Micro-Bypass System, designed to control intraocular pressure in glaucoma patients.
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Which Regions Are Driving Growth in the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market?
North America was the largest region in the minimally invasive glaucoma surgery (MIGS) devices market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the minimally invasive glaucoma surgery (MIGS) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the minimally invasive glaucoma surgery (migs) devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Include
1. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Executive Summary
2. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Segments
3. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Size And Template Market Growth Rate
4. Key Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Trends
5. Major Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
26. Top Minimally Invasive Glaucoma Surgery (MIGS) Devices Companies
27. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Opportunities And Strategies
28. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, Conclusions And Recommendations
29. Appendix
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