This market study report includes a detailed segmentation of the global glaucoma surgical devices market by product type (glaucoma implants and glaucoma surgical instruments) and by treatment (laser therapy and surgery). It outlines the market shares for key regions such as APAC, Americas, and EMEA. The key vendors analyzed in this report are Alcon, Abbott Medical Optics, Carl Zeiss Meditec, and Ellex Medical.
Technavio has released a new market research report on the global glaucoma surgical devices market, which is expected to generate revenues of $3 billion between 2016 and 2020. Much of this market’s growth can be attributed to the advances made in the field of ophthalmology, which in turn has fortified the establishment of treatment methodologies to amplify positive patient outcomes. The Americas dominate the global market for glaucoma surgical devices, occupying 49% of the total market share. The evolution of microinvasive glaucoma surgeries will increase the sales of these devices in the region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing the launch of several glaucoma surgical devices with advanced features and functionalities. Vendors are introducing devices that have less surgical manipulation and high safety profiles. They are focusing on developing devices that have unique unique pathways, such as suprachoroidal space, for efficient fluid drainage during glaucoma surgeries,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The glaucoma implants segment dominate the market, accounting for 60% of the overall market share. Since these implants are available in different designs, they bring about improvements in the surgical technique, which results in improved clinical outcome. Also, the ability of these implants to reduce the operative and post-operative complications is another important factor that propels market growth in this segment during the forecast period.
The leading vendors in the global glaucoma surgical devices market include Alcon, Abbott Medical Optics, Carl Zeiss Meditec, and Ellex Medical. The market is fragmented due to the presence of many global and local players. The vendors that can develop products that are safe, easy to use, widely available, and cost-effective are expected to thrive in this market during the forecast period.
A more detailed analysis is available in the Technavio report, Global Glaucoma Surgical Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Retinal Surgery Devices Market 2015-2019
- Global Ophthalmology Devices- Industry Analysis 2015-2019
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