DUBLIN--(BUSINESS WIRE)--The "Glaucoma Surgery Devices Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Glaucoma Surgery Devices Market is expected to register a CAGR of 6.5% during the forecast period.
This is attributing to the rising prevalence of glaucoma, increasing geriatric population, growing adoption of surgical treatments for glaucoma. In addition, the rising demand for minimally invasive procedures associated with glaucoma is also expected to trigger the growth of the market. As these procedures give benefits like reduced surgery time, faster recovery, affordability, and low risk of complications, thus driving the market.
As per the report published by the American Academy of Ophthalmology (AAO), the global prevalence of glaucoma was estimated to 64.3 in 2013 and expected to reach 76 million by 2020. Furthermore, favorable reimbursements policies, rising government initiatives and improvement in the healthcare around developing countries are also expected to boost the glaucoma surgery devices market.
Key Market Trends
Minimal Invasive Glaucoma Surgery Estimated to Witness Healthy Growth
Minimal Invasive Glaucoma Surgery is expected to witness healthy growth in the future which is attributed to an increasing number of cataract surgeries and glaucoma surgeries. These devices are extensively used in the surgeries due to their long procedural volume. Moreover product approvals associated with glaucoma surgery devices are also expected to boost the segment growth.
Glaukos Corporation received FDA approval for iStent, a type of minimally invasive glaucoma surgery drainage device used in cataract surgeries. In addition, another company Ivantis also received approval for Hydrus Microstent (MIGS device) I 2018. These devices are efficient in glaucoma surgeries, thus results in propelling the segment growth.
In addition, with the increasing number of glaucoma patients across the globe is leading to high demand for glaucoma surgery devices and thus propelling the overall market.
North America Expected to Hold a Significant Share Over the Forecast Period
North America expected to hold a significant market share in the global Glaucoma Surgery Devices Market due to the increasing prevalence of glaucoma, rising geriatric population, increasing awareness, favorable reimbursements policies and the presence of several major players.
As per a report published by Glaucoma Research Foundation in 2018 an estimate of 3 million people is having glaucoma and the number will be going to increase in the coming years. Moreover, the growing number of geriatric populations in the United States is likely to more prone to have glaucoma. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
Competitive Landscape
The Glaucoma Surgery Devices Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Abbott Laboratories, Lumenis, Alcon, Glaukos Corporation, ASICO, Katalyst Surgical, Allergan, Ziemer Ophthalmic Systems, and Carl Zeiss Meditec.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Prevalence of Glaucoma
4.2.2 Increasing Geriatric Population
4.2.3 Growing Adoption of Surgical Treatments for Glaucoma
4.3 Market Restraints
4.3.1 Availability of Alternative Treatment Methods
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Glaucoma Drainage Device
5.1.2 Laser System
5.1.3 Punches
5.1.4 Probes
5.1.5 Others
5.2 By Surgery Method
5.2.1 Traditional Glaucoma Surgery
5.2.2 Minimal Invasive Glaucoma Surgery
5.2.3 Laser Surgery
5.3 By End User
5.3.1 Hospitals
5.3.2 Opthalmic Clinics
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle-East and Africa
5.4.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories Inc.
6.1.2 Lumenis
6.1.3 Alcon
6.1.4 Glaukos Corporation
6.1.5 ASICO, LLC
6.1.6 Katalyst Surgical, LLC
6.1.7 Allergan
6.1.8 Ziemer Ophthalmic Systems
6.1.9 Carl Zeiss Meditec
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/avi2fi
