Global Glaucoma surgery market Size, Growth and Share Analysis by target (trabecular meshwork, suprachoroidal space), type of surgery (angle closure glaucoma surgery, aqueous shunt surgery, laser surgery and other), end user (hospital, ambulatory surgery centers)- forecast till 2023
Glaucoma Surgery Devices Market Highlights
The sharp surge in eye problems related to diabetes is estimated to further the glaucoma surgery devices market in 2020. The medical device reports are made by Market Research Future, which includes market options for development. A 7.9 % CAGR is estimated to accelerate market growth in the forecast period.
The slow rise in the aging population has further created a higher probability for cases of glaucoma, consequently spurring the glaucoma surgery devices market size. The increased consumption level of junk food is estimated to further contribute towards the expansion of the glaucoma surgery devices market companies.
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Glaucoma Surgery Devices Market Segmental Analysis
The segmental investigation into the glaucoma surgery devices market is conducted on the basis of target, surgery type, region, and end-user. On the basis of target, the glaucoma surgery devices market is segmented into suprachoroidal space, trabecular meshwork, and others. Based on the regions, the glaucoma surgery devices market is segmented into Asia Pacific, Middle East, North America, Europe, and Africa. Based on the type of surgery, the glaucoma surgery devices market is segmented into aqueous shunt surgery, laser surgery, angle-closure glaucoma surgery, and others. On the basis of end-users, the glaucoma surgery devices market is segmented into ambulatory surgery centers, hospitals, and others.
Glaucoma Surgery Devices Market Regional Analysis
The regional assessment of the glaucoma surgery devices market is segmented into regions such as Asia Pacific, Middle East, North America, Europe, and Africa. The North American glaucoma surgery devices market orders the principal market for glaucoma surgery owing to a massive population experiencing diabetes and eye diseases. The growing healthcare spending and enhanced infrastructure have a positive influence on the progress of the glaucoma surgery devices market. The European region is the next prime market, trailed by the Asia Pacific glaucoma surgery devices market. A massive population center and speedy progress in the healthcare segment have appealed to numerous companies to progress the glaucoma surgery devices market in the Asia Pacific region.
Glaucoma Surgery Devices Market Competitive Analysis
The tumultuous nature of global markets is currently estimated to create significant hindrances in the development of the market in the forecast period. The production technology and processes are estimated to undergo a considerable overhaul to be able to meet the expectations of the new reality in the business domains. The benefits of mergers and collaborations are likely to be more pronounced in this context as pooling in resources and capabilities can lead to the creation of a stronger competitive advantage for companies in the market. The inducement provided by governments is estimated to create a positive outlook for the development of the market in the impending period. The market is estimated to be further motivated by the policies that will be framed to create a conducive working atmosphere in the coming period. The need for innovation and incorporation of more value in products is estimated to induce the global market constructively to expand in the forecast period.
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The eminent contenders in the glaucoma surgery devices market are Allergan (US), Merck & Co., Inc. (US), Lumenis (US), Ellex Medical Lasers (Australia), Optos (US), Accutome (US), AqueSys (Taiwan), Abbott (US), Akorn, Inc. (US), Teva Pharmaceuticals (US), Novartis AG (Switzerland), Bausch & Lomb (US), Pfizer, Santen (Japan), Carl Zeiss Meditec (Germany), Alcon (US), Topcon Medical Systems (US), Nidek (US), OPHTEC (US), Canon (Japan), Essilor (France), and Iridex Corporation (US) to name a few.
Glaucoma Surgery Devices Industry Updates:
Sight Sciences, Inc., a growth-stage medical device firm changing the two fastest mounting segments in glaucoma and dry eye disease, recently stated the registration of the initial patients in the ORION Clinical Study. The study resolves to construct upon the mounting body of clinical proof and quickening the commercial usage of the OMNI® Surgical System in pseudophakic eyes.
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