The Gel Stent market research provides complete estimation of CAGR of the concerned period in percentages which will guide the users to take choice-based decisions over the predicted chart. A thorough study of the competitive landscape of the global Gel Stent Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. This research report will give a clear idea to readers about the overall market scenario to further decide on this project.
The Gel Stent Market research report covers in-depth analysis of current policies, rules, and regulations along with chain of global Industries. Other than this, factors like production chain, key producers, goods, supply as well as demand for those goods along with the price structure as well as the revenue are also covered in the global Gel Stent market research report.
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Stents are tiny expandable tubes used to treat narrowed arteries. They are used for preventing arteries bursting and improving blood flow from weak arteries. Gel stents are manufactured with the help of soft gelatin. After being injected, the gel stent hydrates and drains within sub-conjunctival space, lowering the intraocular pressures. This is a minimally invasive aqueous humor procedure.
Gel Stent Market – Dynamics
Increasing population aged 40 years and above is a key factor expected to drive the global gel stent market growth over the forecast period. According to the BrightFocus Foundation, in 2017, 2.7 million out of 3 million Americans suffering with glaucoma were aged 40 and above. This is owing to high possibilities of individuals aged 40 years and above having miosis, where excessive eye contraction increases in elder populace. Glaucoma is amongst the leading causes for blindness. Rising demand for minimally invasive procedures along with increasing prevalence of glaucoma are some factors expected to propel the global gel stent market growth during the forecast period. As per the U.S. Glaucoma Research Society, in 2017, over 120,000 people were blind due to glaucoma.
However, high gel stent costs, lacking awareness regarding the technique and lack of healthcare professionals’ availability are factors expected to hinder the global gel stent market growth.
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Gel Stent Market – Regional Insights
Based on geography, the global gel stent market is segregated into North America, Europe, Latin America, Asia Pacific, Africa and Middle East. North America region is expected to gain the highest share, followed by Europe in the global gel stent market over the forecast period. In this region, the U.S. has the highest share of the market, owing to constant technological advancements along with developed infrastructure for healthcare.
As per the American Glaucoma Society, in the U.S. glaucoma is amongst the leading causes of blindness worldwide. Around 3 million populace of the U.S suffer with glaucoma, whereas just half of them are aware of diagnosis. Moreover, in the U.S., around 120,000 individuals endured from blindness, owing to glaucoma, in 2016.
As per the World Health Organization (WHO), Asian people are at an increased risk of having close angle glaucoma, whereas European or African people may more likely to suffer from primary open angle glaucoma. As per the WHO, prevalence of glaucoma in South India is 2.6%. In Africa, the glaucoma is 1–2% prevalent, but could increase rise to around 10% within the Caribbean.
Gel Stent Market: Competitive Landscape
Major players are focused on research and development activities, for developing products that are technologically advanced along with enhancing the product portfolio. In November 2016, The XEN (Allergan), received the U.S. Food and Drug Administration (FDA) approval and was launched in 2017, in the U.S. Key players functioning in the global gel stent market are Allergan, Innfocus, Alcon, Glaukos Corp, and others.
Significant Features that are under Offering and Key Highlights of the Reports:
The Gel Stent market report highlights historic and forecasted market size in terms of revenues & unit sales, average selling price, growth rates, and company market shares:
• Highlights and compares key product categories for growth trends and revenue forecast.
• Gel Stent Market size, annualized revenue, and unit sales for each product category from 2016 to 2026.
• Cross category comparison – Growth and revenue comparison for product categories, historic, and forecast through 2026.
• Market share of companies.
• Changing market dynamics of the industry
• In-depth market segmentation by Type, Application
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape of Gel Stent Market
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth.
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Gel Stent Market: Taxonomy
Based on end-user,
- Eye Research Institutes
- Eye Clinics
Based on geography,
- North America
- Latin America
- Asia Pacific
- Middle East
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