The global Glaucoma Surgery Devices market size is expected to be worth around US$ 2.6 billion by 2027, according to a new report by Vision Research Reports.
The global Glaucoma Surgery Devices market size was valued at US$ 1.53 billion in 2019 and is anticipated to grow at a CAGR of 6.9% during forecast period 2020 to 2027.
expansion of the patient base, coupled with improvement in the healthcare facilities, is expected to increase the demand for surgery devices, thereby aiding the market growth. In addition, government support such as favorable reimbursement policies and foreign direct investment provisions is expected to drive the market for these surgery devices, especially in developing regions.
Growth Factors
Growing geriatric population and high treatment cost of medications are some of the major factors driving the market. High prevalence of glaucoma in the population aged 45 and above, along with lifestyle diseases, including diabetes, is expected to foster the market growth over the forecast period.
Several initiatives undertaken by the government and NGOs in spreading awareness about glaucoma and its treatment procedures are expected to aid the demand for advanced surgical techniques.
Frequent launches of advanced glaucoma surgical devices are expected to fuel the growth of the glaucoma surgery devices market during the forecast period.
Report Highlights
By product, the laser system held the second-largest share in the market owing to factors such as accessibility and patient acceptability
Based on the surgery method, the traditional method such as trabeculectomy held the largest market share in 2019 owing to its success rate in IOP reduction and low treatment cost
The cyclophotocoagulation laser surgery segment is expected to expand at the fastest CAGR over the forecast period
Key Players
Abbott Medical Optics; Allergan Plc.; ASICO; Carl Zeiss Meditec AG; Katalyst Surgical; Lumenis Ltd.; Ziemer Ophthalmic Systems AG; and Iridex Corporation.
Market Segmentation
Glaucoma Surgery Devices Product Outlook
Punches
USC Marker
USC Planner
USC Shaver
Forceps
Algerbrush
Probes
Diamond Knives
Glaucoma Drainage Device (Shunts, Stents, Implants, Valve)
Laser System
Others (Cannula, Speculum, Needle Holders, Scissors)
Glaucoma Surgery Devices Surgery Method Outlook
Traditional Glaucoma Surgery
Trabeculectomy
Tube Shunt
Minimal Invasive Glaucoma Surgery
Trabecular Meshwork Bypass
Suprachoroidal Space Implants
Subconjunctival space implants
Laser Surgery
Trabeculoplasty
Iridotomy
Cyclophotocoagulation
Glaucoma Surgery Devices End-user Outlook
Hospitals
Ophthalmic Clinics
Others
Glaucoma Surgery Devices Regional Outlook
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Netherland
Switzerland
Russia
Belgium
Sweden
Asia Pacific
China
Japan
India
Thailand
South Korea
Indonesia
Philippines
Vietnam
Singapore
Malaysia
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Middle East & Africa
South Africa
Saudi Arabia
UAE
Israel
Kuwait
The Glaucoma Surgery Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Glaucoma Surgery Devices market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Glaucoma Surgery Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Glaucoma Surgery Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Glaucoma Surgery Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Glaucoma Surgery Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Glaucoma Surgery Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Glaucoma Surgery Devices market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Glaucoma Surgery Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Glaucoma Surgery Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Glaucoma Surgery Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Glaucoma Surgery Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Glaucoma Surgery Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Glaucoma Surgery Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Glaucoma Surgery Devices market. These factors have benefited the growth of the global market for Glaucoma Surgery Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Glaucoma Surgery Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Glaucoma Surgery Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Glaucoma Surgery Devices Market, By Product
7.1. Glaucoma Surgery Devices Market, By Product Type, 2020-2030
7.1.1. Punches
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. USC Marker
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. USC Planner
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. USC Shaver
7.1.4.1. Market Revenue and Forecast (2016-2030) )
7.1.5. Forceps
7.1.5.1. Market Revenue and Forecast (2016-2030) )
7.1.6. Algerbrush
7.1.6.1. Market Revenue and Forecast (2016-2030) )
7.1.7. Probes
7.1.7.1. Market Revenue and Forecast (2016-2030) )
7.1.8. Diamond Knives
7.1.8.1. Market Revenue and Forecast (2016-2030) )
7.1.9. Glaucoma Drainage Device
7.1.9.1. Market Revenue and Forecast (2016-2030) )
7.1.10. Laser System
7.1.10.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Glaucoma Surgery Devices Market, By Surgery Method
8.1. Glaucoma Surgery Devices Market, By Surgery Method, 2020-2030
8.1.1. Traditional Glaucoma Surgery
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Minimal Invasive Glaucoma Surgery
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Laser Surgery
8.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Glaucoma Surgery Devices Market, By End-use
9.1. Glaucoma Surgery Devices Market, By End-use, 2020-2030
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2016-2030)
9.1.2. Ophthalmic Clinics
9.1.2.1. Market Revenue and Forecast (2016-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 10. Global Glaucoma Surgery Devices Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, By Product (2016-2030)
10.1.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.1.3. Market Revenue and Forecast, By End-use (2016-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.1.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.1.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.1.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.1.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, By Product (2016-2030)
10.2.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.2.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.2.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.2.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.2.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.2.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, By Product (2016-2030)
10.2.6.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.2.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, By Product (2016-2030)
10.2.7.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.2.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, By Product (2016-2030)
10.3.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.3.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.3.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.3.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.3.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.3.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, By Product (2016-2030)
10.3.6.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.3.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, By Product (2016-2030)
10.3.7.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.3.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.4.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.4.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.4.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.4.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, By Product (2016-2030)
10.4.6.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.4.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, By Product (2016-2030)
10.4.7.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.4.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, By Product (2016-2030)
10.5.4.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.5.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, By Product (2016-2030)
10.5.5.2. Market Revenue and Forecast, By Surgery Method (2016-2030)
10.5.5.3. Market Revenue and Forecast, By End-use (2016-2030)
Chapter 11. Company Profiles
11.1. Abbott Medical Optics
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Allergan Plc
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. ASICO
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Carl Zeiss Meditec AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Katalyst Surgical
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Lumenis Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ziemer Ophthalmic Systems AG
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Iridex Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms