Glaucoma Surgery Devices Market Demand, Sales and Consumption Status and Growth Opportunities

The global glaucoma surgery devices market is expected to witness extensive growth in the coming years because of increasing prevalence of glaucoma and incidence of associated surgeries. The subsequent rise in glaucoma surgical procedures can be majorly attributed to increasing geriatric population across the world, which bears a higher risk of the disease due to the weak optic nerve as a result of aging. According to the National Eye Institute statistics (2010), glaucoma affects more than 2.7 million people aged 40 years and above, ever year, in the U.S.

Glaucoma surgery devices include various laser- and non-laser-based implants and other devices used for reducing the intraocular pressure in the eye by draining extra accumulated eye fluid. The glaucoma devices market is bifurcated into open-angle glaucoma and closed-angle glaucoma, on the basis of treatment, of which the open-angle glaucoma treatment category is expected to account for the larger share in the glaucoma surgery devices industry during the period the forecast period (2018–2023).

On the basis of product, the glaucoma surgery devices market is classified as drainage systems, laser-based devices, and implants, of which drainage systems are projected to account for the largest share in the industry during the forecast period.

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The glaucoma surgery devices find application in conventional glaucoma surgeries and minimally invasive glaucoma surgeries, of which the minimally invasive glaucoma surgeries category is expected to witness faster growth in demand during the forecast period.

Hospitals, private ophthalmic clinics and ASCs constitute the end user base for the glaucoma surgery devices industry. Hospitals are expected to be the fastest growing end user category in the industry during the forecast period.

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Increasing innovations and developments in the form of various technologically advanced implants such as micro-stents offer significant opportunities for the market players. Technologically advanced treatment options, such as laser-based surgeries, are expected to witness a significant rise, owing to their advantages such as minimal trauma caused to the patient and quick healing time. Moreover, factor such as unmet treatment needs in developing countries is further expected to provide growth avenues to the players in the market.

The Asia-Pacific, Latin American, and Middle Eastern and African market growth is primarily driven by increase in surgical procedures associated with open- and closed-angle glaucoma.

Increasing prevalence of glaucoma has inevitably increased the demand for glaucoma surgery devices among ophthalmologists across the world. With availability of several treatment options and increased focus on innovative approaches for treating glaucoma, key players of the industry are working toward introducing advanced products and technologies in the market.

In April 2017, Alcon launched CyPass Micro-Stent, designed for reducing intraocular pressure, in the European market. The product is commercially available in the U.K., Germany, Italy, and Spain. In November 2016, Allergan Plc. received approval from the U.S. Food and Drug Administration (FDA) for XEN Glaucoma Treatment System (consisting of the XEN45 Gel Stent and the XEN Injector) for use in the U.S.

Some other key players in the glaucoma surgery devices market are Abbott Laboratories, Carl Zeiss Meditec AG, NIDEK Co. Ltd., Lumenis Ltd., and IRIDEX Corporation.