The global glaucoma surgery devices market is projected to grow at a considerable CAGR of around 7% during the forecast period. The growing occurrences of chronic disorders of eyes, increasing favorable government policies, and government initiatives to prevent vision impairment, among others are the key factors to drive the growth of the glaucoma surgery devices market across the globe. Technological enhancements in the glaucoma surgery devices are playing a significant role and marking significant trends in the area glaucoma surgery, which are anticipated to accelerate the growth of the market during the forecast period. The increasing adoption of minimally invasive glaucoma surgery owing to its higher safety profile with fewer complications and rapid recovery time is further creating the demand for glaucoma surgery devices across the globe.
Browse the full report description of "Global Glaucoma Surgery Devices Market Size, Share & Trends Analysis Report by Surgery Type (Conventional Glaucoma Surgery and Minimally Invasive Glaucoma Surgery), By Product Type (Glaucoma Drainage Devices, Glaucoma Laser Devices, and Implants & Stents) By End-User (Hospitals, Ophthalmology Clinic, and Others) Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/glaucoma-surgery-devices-market
According to NPCB (National Programme for Control of Blindness), there are around 45 million blind individuals across the globe, and as per the World Health Organization (WHO), the population of blind individuals will double due to the growing population and longevity. These factors are expected to increase the demand for glaucoma surgery. Various government programs and initiatives have contributed substantially to the growth of the glaucoma treatment which in turn is creating demand for the glaucoma surgery devices market. For instance, in India, a program NPCB was launched, aimed to reduce the prevalence of blindness to 0.3% by 2022. Additionally, the program included treatment for eye diseases such as diabetic retinopathy, as well as glaucoma, by the use of several lasers.
Moreover, technological advancements, including optical coherence tomography for increasing the accuracy of glaucoma laser surgeries, witnessed in the ophthalmology, also strengthened the glaucoma surgery device market. On the other hand, these devices are quite expensive which is hampering the acceptance of these devices among the end-users, which can restrain the growth of the glaucoma surgery device market across the globe. Key ophthalmic Laser therapy providers include Carl Zeiss Meditec AG, NIDEK Co., Ltd., Bausch & Lomb, Inc., Novartis International AG, Quantel Medical, and A.R.C. Laser GmbH among others.
Key Market trends covered in the Market Report
Global Glaucoma Surgery Devices Market
By Surgery Type
By Product Type
By End-User
Global Glaucoma Surgery Devices Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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