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What Is the Growth Rate of the Glaucoma Surgery Devices Market?
The market size of glaucoma surgery devices has expanded swiftly in the previous years. The market, which was valued at $1.9 billion in 2024, is expected to rise to $2.14 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.9%. The propulsion in growth during the historical phase can be credited to factors like an aging demography, escalation in glaucoma cases, enhanced consciousness and screening initiatives, advances in healthcare infrastructure, insurance provisions, and reimbursement policies.
What Growth Rate Is Forecasted for the Glaucoma Surgery Devices Market by 2029?
The market size of glaucoma surgery devices is anticipated to experience significant expansion in the coming years. It is projected to amplify to “$3.7 billion in 2029 with a compound annual growth rate (CAGR) of 14.6%. The escalation during the forecasted duration can be credited to the growing worldwide elderly population, heightened awareness about healthcare, joint research and development efforts, worldwide enlargement of healthcare amenities, and patients’ inclination towards outpatient procedures. Predominant trends for the forecast period comprise of decentralization and grid durability, regulatory surroundings, advancements in technology, integration with renewable energy, and environmental factors.
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Which Key Companies Are Shaping the Future of the Glaucoma Surgery Devices Market?
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.
Which Factors Are Driving Demand in the Glaucoma Surgery Devices Industry?
The rise in instances of glaucoma is anticipated to propel the glaucoma surgery devices market’s progress. Glaucoma, an escalating eye condition causing optic nerve damage, could result in irreversible vision loss if not promptly identified and treated. The primary function served by glaucoma surgery devices in carrying out glaucoma surgical procedures has enhanced their safety and efficiency while making these surgeries less invasive, thereby escalating demand. The Institute for Health Metrics and Evaluation (IHME), an independent global research center based in Seattle’s University of Washington, reported in October 2024, that by 2022 around 4.22 million US individuals were diagnosed with glaucoma. This accounted for a 1.62% prevalence among adults above 18 years and 2.56% among people 40 and above. An estimated 1.49 million of these recorded a vision impairment due to glaucoma, afflicting 0.57% of adults above 18 and 0.91% of those above 40. Consequently, this surge in glaucoma prevalence is set to propel the glaucoma surgery devices market.
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How Is the Glaucoma Surgery Devices Market Segmented by Several Divisions?
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
What are the Emerging Market Trends Driving the Growth of the Glaucoma Surgery Devices Industry?
The adoption of technological advancements is a prevailing trend in the glaucoma surgery devices market. Major market players are focused on pioneering new technologies to maintain their standing. For example, in August 2022, Sight Sciences Inc., a US-based eyecare technology company, introduced the SION Surgical Instrument, the first of its kind bladeless device utilized in goniotomy. The device, which is a novel and implant-free Minimally Invasive Glaucoma Surgery (MIGS) tool, executes a uniform and controlled modus operandi in goniotomy, potentially improving patient outcomes. Using a pliable catheter, this technology enables micro-incisions in the trabecular meshwork sans a blade. The bladeless technology of SION was developed to enhance safety and usability by eliminating the necessary maneuvering of sharp tools around the eye’s anterior chamber and iridocorneal angle. The design components are aimed to improve the efficacy and completion of the tissue removal process.
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Which Regions Are Driving Growth in the Glaucoma Surgery Devices Market?
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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This Report Delivers Insight On:
1. How big is the glaucoma surgery devices market, and how is it changing globally?
2. Who are the major companies in the glaucoma surgery devices market, and how are they performing?
3. What are the key opportunities and risks in the glaucoma surgery devices market right now?
4. Which products or customer segments are growing the most in the glaucoma surgery devices market?
5. What factors are helping or slowing down the growth of the glaucoma surgery devices market?
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