Japan Glaucoma Surgery Devices Market Size & Outlook
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Japan glaucoma surgery devices market highlights
- The Japan glaucoma surgery devices market generated a revenue of USD 44.8 million in 2023 and is expected to reach USD 64.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Glaucoma drainage device is the most lucrative product segment registering the fastest growth during the forecast period.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 44.8 million |
| Market revenue in 2030 | USD 64.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Glaucoma drainage device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Punches, USC maker, USC planner, USC shaver, Forceps, Algerbrush, Probes, Diamond knives, Glaucoma drainage device, Laser system |
| Key market players worldwide | Alcon Inc, Glaukos Corp, Johnson & Johnson, AbbVie Inc, Carl Zeiss Meditec AG, Lumenis, Ziemer Ophthalmic Systems, IRIDEX Corp, Corza Health, Katalyst Surgical, Altomed |
Other key industry trends
- In terms of revenue, Japan accounted for 2.7% of the global glaucoma surgery devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 76.5 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.9% in 2023. Horizon Databook has segmented the Japan glaucoma surgery devices market based on punches, usc maker, usc planner, usc shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system covering the revenue growth of each sub-segment from 2018 to 2030.
Rising geriatric population is one of the major driving factors for the market growth in Japan. According to Europa, more than one in four people are above 65 years of age. As the geriatric population is at a higher risk of various diseases and disabilities, increase in geriatric population may propel the demand for glaucoma surgical devices.
In addition, with increasing healthcare spending, the glaucoma surgery devices market is expected to grow substantially in Japan. For instance, as per Macrotrends, in 2018, Japan spent 10.95% of its GDP on healthcare, whereas expenditure on healthcare had also increased. Furthermore, increase in adoption of advanced products in Japan is expected to fuel the glaucoma surgery devices market over the forecast period.
The glaucoma surgery devices market in Japan is moderately competitive, with the presence of some major companies offering treatment options. Several government organizations and academic & research institutes have a demand for these devices. Hence, major players in the market are adopting several strategies, such as mergers, acquisitions, partnerships, & collaborations, to stay competitive.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Altomed | View profile | 11-50 | Boldon, Durham, United Kingdom, Europe | https://altomed.com/ |
| Katalyst Surgical | View profile | 11-50 | Chesterfield, Missouri, United States, North America | http://www.katalystsurgical.com |
| Corza Health | View profile | 101-250 | Del Mar, California, United States, North America | https://www.corzahealth.com |
| Ziemer Ophthalmic Systems | View profile | 51-100 | Bellmund, Bern, Switzerland, Europe | https://www.ziemergroup.com/ |
| IRIDEX Corp | View profile | 139 | 1212 Terra Bella Avenue, Mountain View, CA, United States, 94043 | https://www.iridex.com |
| Glaukos Corp | View profile | 907 | One Glaukos Way, Aliso Viejo, CA, United States, 92656 | https://www.glaukos.com |
| Lumenis | View profile | 1001-5000 | Jerusalem, Yerushalayim, Israel, Asia | http://lumenis.com |
| Alcon Inc | View profile | 25315 | Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, Switzerland, 1214 | https://www.alcon.com |
| Carl Zeiss Meditec AG | View profile | 4950 | Goschwitzer Strasse 51-52, Jena, TH, Germany, 07745 | https://www.zeiss.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Japan Product - Glaucoma Surgery Devices Market size, 2023 - 2030 (US$M)
Japan Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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