South Africa Glaucoma Surgery Devices Market Size & Outlook
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South Africa glaucoma surgery devices market highlights
- The South Africa glaucoma surgery devices market generated a revenue of USD 29.1 million in 2023 and is expected to reach USD 37.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- USC planner 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 29.1 million |
| Market revenue in 2030 | USD 37.5 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | USC planner |
| 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, South Africa accounted for 1.8% 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 Middle East & Africa, South Africa glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 19.3 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.84% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa glaucoma surgery devices market is anticipated to witness the fastest growth over the forecast period. Economic development and presence of high-unmet healthcare needs are the major drivers of South African market.
Moreover, high healthcare expenditure and rising awareness about advanced treatments of glaucoma surgery devices are anticipated to boost the market over the forecast period. According to a report by the South African Medical Research Council, published in March 2021, the country is well-positioned to expand its medical device manufacturing.
However, barriers, such as low R&D investments and fragmented industry, are limiting the market growth in the country.
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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 |
South Africa Product - Glaucoma Surgery Devices Market size, 2023 - 2030 (US$M)
South Africa Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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