Glaucoma surgery devices market is projected to grow at a considerable CAGR of around 7% during the forecast period (2019-2025). Rising geriatric population is a major factor that is anticipated to drive the growth of the glaucoma surgery devices industry during the forecast period. The geriatric population is expanding across the globe as the life expectancy and overall health have dramatically improved during recent years. The geriatric population is at increased risk of developing glaucoma. This is due to the fact that visual impairment increases with age among all racial and ethnic groups. According to the International Diabetic Federation (IDF), in 2019, nearly 463 million adults were living with diabetes; by 2045 this will rise to 700 million. The growing number of diabetic patients further promotes the market for glaucoma surgery devices as they are more to the development of glaucoma in their eyes.

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Further, technological advancement in the field of glaucoma surgery devices further gives a boost to the growth of the glaucoma surgery devices market. For instance,The ND: YAG laser has a significant range of applications in glaucoma surgery. In the case of glaucoma, it is used to create a peripheral iridotomy among patients with angle-closure and narrow angles glaucoma. The shortage of skilled professionals and risks associated with LASIK surgery such as loss of vision or change are among some factors that may restrain the growth of the glaucoma surgery market. The increasing healthcare expenditure and growth in medical tourism across several countries across the globe is anticipated to create huge opportunities for the growth of the market.

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Global Glaucoma Surgery Devices Market Segmentation

By Surgery Type

Conventional Glaucoma Surgeries

Minimally Invasive Glaucoma Surgeries

By Product Type

Glaucoma Drainage Devices

Glaucoma Laser Devices

Implants & Stents

By End-User

Hospitals

Ophthalmology Clinics

Others

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

A.R.C. Laser GmbH

Abbott Laboratories, Inc.

Allergan PLC

Bausch & Lomb, Inc.

Carl Zeiss Meditec AG

Coherent, Inc.

Ellex Medical Lasers, Ltd.

Glaukos Corp.

IPG Photonics Corp.

IRIDEX Corp.

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