The global glaucoma surgery devices market size was valued at USD 1.53 billion in 2019 and is anticipated to expand at a CAGR of 6.9% over the forecast. The rising global burden of glaucoma is expected to contribute to market growth over the forecast period. As per the data published in 2014 by the American Academy of Ophthalmology (AAO), the global prevalence of glaucoma was estimated to be 64.3 million in 2013 and is expected to reach 76 million by 2020 and further to 111.8 million by 2040.
Therefore, 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.
Rising demand for minimal invasive glaucoma surgery (MIGS) procedures is expected to drive the demand for advanced glaucoma surgery devices over the forecast period. Benefits, such as reduced surgery time, shorter recovery period, affordability, and low risk of post-surgical complications, including hypotony, are increasing the demand for MIGS procedures and devices.
In recent years, patients have been opting for permanent surgical solutions over long term management with prescription drugs. Glaucoma patients are usually characterized by taking 2 or more different medications depending upon the stage of glaucoma, thus creating a lot of patient compliance issues. Undergoing a glaucoma surgery significantly reduces the medication burden of the patients. Additionally, therapeutic efficiency problems associated with medication, such as low bioavailability, drug resistance, and toxicity, have increased the demand for surgical procedures and devices, thereby fostering the market growth.
Surge in the number of glaucoma care initiatives conducted by the government and several non-governmental organizations is expected to have a positive impact on the adoption of advanced devices. These organizations conduct eye check-up and mass surgery camps, spread awareness, and provide funding for surgical procedures and devices. Such initiatives have reduced the percentage of undiagnosed cases of glaucoma, concomitantly fueling the demand for glaucoma treatment procedures and devices.
Based on product, the market is classified into punches, USC marker, USC planner, USC shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device (shunts, stents, implants, valve), laser system, and others (cannula, speculum, needle holders, scissors).
Glaucoma drainage devices held the largest market share in 2019 and are expected to expand at the fastest CAGR over the forecast period. Cataract surgery and glaucoma surgeries are often performed in combination. High procedural volume of cataract surgeries is expected to have a direct positive impact on the segment growth. The MIGS drainage device, called iStent, has recently been approved by the U.S. FDA for use in combination with cataract surgery. Furthermore, the advent of novel and advanced MIGS devices, such as Microhook ab interno LOT (µLOT) and Trabectome, is expected to boost the growth of the glaucoma drainage devices segment over the forecast period.
Products such as forceps, algerbrush, probes, scissors, needle holders, and diamond knives individually held a decent share in the market in 2019 and are expected to witness steady growth over the forecast period. The segment space is highly fragmented with the presence of a large number of market players. Most of the users prefer buying from local market players, which offer products and devices at a relatively lower price. Increasing demand for surgical devices in underdeveloped countries of MENA is expected to boost the growth of these segments over the forecast period.
Based on the surgery method, the global glaucoma surgery devices market is segmented into traditional glaucoma surgery, minimally invasive glaucoma surgery, and laser surgery. The traditional glaucoma surgery segment is further divided into trabeculectomy and tube shunt surgery. Minimal invasive glaucoma surgery (MIGS) is further segmented into trabecular meshwork bypass, suprachoroidal space implants, and subconjunctival space implants. Laser surgery is sub-segmented into trabeculoplasty, iridotomy, and cyclophotocoagulation.
The traditional glaucoma surgery segment held the largest market share in 2019. Longer hospital stays, availability of other advanced surgical technology and devices, and increased chances of postoperative complications, such as leakage, hypotony, choroidal effusion, and hyphema, are some of the factors driving the patients and surgeons to opt for alternatives. However, traditional surgery is still the first choice in developing countries, where the healthcare service industry is dominated by private players. As per the NCBI report, a subconjunctival space implant is approximately 3.5 times costlier than trabeculectomy. Therefore, this surgery method has great potential for growth, especially in underdeveloped economies such as North African countries.
MIGS held a significant proportion in the market for glaucoma surgery device in 2019 and is expected to expand at a healthy CAGR over the forecast period. Clinical evidences suggesting the use of two iStent’s (MIGS devices) for an efficient treatment of glaucoma are expected to drive the segment. Furthermore, frequent launches of advanced glaucoma drainage devices are expected to boost the segment growth over the forecast period. For instance, Ivantis, a company dedicated to the development of new solutions and devices for glaucoma treatment, received approval from the U.S. FDA for the launch of its MIGS device called “Hydrus Microstent” in 2018.
Based on end user, the market is segmented into hospitals, ophthalmic clinics, and others. The hospital segment held the largest share in the market in 2019 and is expected to exhibit a lucrative CAGR over the forecast period. Large patient base, availability of highly skilled medical professionals, and advanced surgical devices are the key factors expected to boost the segment growth.
Ophthalmic clinics held the second largest share in 2019 and are expected to witness the fastest growth over the forecast period. Introduction of advanced surgical devices, cost efficiency, shorter waiting time, and rising awareness about MIGS surgery and treatment devices are expected to boost the segment growth during the forecast period.
The others segment includes academics, research institutes, and mobile ophthalmic units. The segment is expected to expand at a healthy CAGR over the forecast. Rising number of undiagnosed glaucoma cases, increasing investments in glaucoma research, and poor healthcare facilities in remote areas are a few of the factors expected to fuel the segment growth over the forecast period.
North America held the largest market share in 2019. Presence of leading market players, efficient reimbursement policies, and public health programs, such as Eye America and Vision USA, are the factors expected to drive the regional market over the forecast period. As per the Glaucoma Research Foundation report of 2018, over 3 million Americans are living with glaucoma and this number is expected to double by 2050. Additionally, increasing awareness about glaucoma and early product availability are the factors expected to aid the market growth.
Europe held the second-largest share in 2019. The region has a dynamic reimbursement paradigm for glaucoma surgery, where some countries are having proper coverage on modern surgery devices and methods while others must cater to trabeculectomy despite the availability of wider options. European countries such as Germany, France, and Russia have the highest number of glaucoma surgeries performed annually in the world.
Asia Pacific is expected to witness the fastest growth over the forecast period. Large unmet needs, coupled with increasing incidence of open-angle glaucoma, especially in countries such as Japan, China, and India, are expected to fuel the growth of the market in this region. Additionally, the region is expected to witness high demand for MIGS devices due to its continuous improvement in the healthcare facilities and resources.
The market is highly fragmented and leading players present in the market are Alcon, Inc.; Glaukos Corporation; Abbott Medical Optics; Allergan Plc.; ASICO; Carl Zeiss Meditec AG; Katalyst Surgical; Lumenis Ltd.; Ziemer Ophthalmic Systems AG; and Iridex Corporation. Key players in the market for glaucoma surgery devices are adopting strategic initiatives, such as mergers and acquisitions, to strengthen their product portfolio in the glaucoma treatment devices segment.
For instance, in August 2019, Glaukos, an ophthalmic medical technology, and pharmaceutical company, entered into a definitive agreement to acquire Avedro, a leading hybrid ophthalmic medical technology company. The acquisition helped Glaukos to expand its product portfolio in glaucoma treatment and enhance its R&D, clinical, and regulatory capabilities.
Attribute |
Details |
Base year for estimation |
2019 |
Actual estimates/Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Market representation |
Revenue in USD Million and CAGR from 2020 to 2027 |
Regional scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Country scope |
U.S., Canada, U.K., Germany, France, Italy, Spain, Switzerland, The Netherlands, Russia, Sweden, Belgium, China, India, Japan, Thailand, South Korea, Indonesia, Philippines, Vietnam, Malaysia, Singapore, Mexico, Brazil, Colombia, Argentina, Chile, South Africa, Saudi Arabia, UAE, Kuwait, and Israel |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global glaucoma surgery devices market report on the basis of product, surgery method, end user, and region:
Product Outlook (Revenue, USD Million, 2016 - 2027)
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)
Surgery Method Outlook (Revenue, USD Million, 2016 - 2027)
Traditional Glaucoma Surgery
Trabeculectomy
Tube Shunt Surgery
Minimal Invasive Glaucoma Surgery
Trabecular Meshwork Bypass
Suprachoroidal Space Implants
Subconjunctival Space Implants
Laser Surgery
Trabeculoplasty
Iridotomy
Cyclophotocoagulation
End-user Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Ophthalmic Clinics
Others
Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
The U.S.
Canada
Europe
Germany
The 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
Kuwait
Israel
b. The global glaucoma surgery devices market size was estimated at USD 1.5 billion in 2019 and is expected to reach USD 1.6 billion in 2020.
b. The global glaucoma surgery devices market is expected to grow at a compound annual growth rate of 6.92% from 2020 to 2027 to reach USD 2.6 billion by 2027.
b. North America dominated the glaucoma surgery devices market with a share of 35.72% in 2019. This is attributable to the presence of leading market players, efficient reimbursement policies, and public health programs related to eyecare(Eye America, Vision USA).
b. Some key players operating in the glaucoma surgery devices market include Alcon, Inc.; Glaukos Corporation; Abbott Medical Optics; Allergan Plc.; ASICO; Carl Zeiss Meditec AG; Katalyst Surgical; Lumenis Ltd.; Ziemer Ophthalmic Systems AG; and Iridex Corporation.
b. Key factors that are driving the market growth include the rising prevalence of glaucoma, growing demand for minimally invasive glaucoma procedures, and increasing participation of public and private sectors in sponsoring glaucoma surgery.
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