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Glaucoma Surgery Market Trends, Share, and Growth

Glaucoma therapeutics refers to various treatment alternatives for primary open-angle and primary angle-closure glaucoma.
Glaucoma Surgery Market

Market Overview:

The Glaucoma Surgery Market Size was assessed at USD 0.6 billion in 2022 and is expected to rise from USD 0.63 billion in 2023 to USD 1.3 billion by 2032, with a compound annual growth rate (CAGR) of 6.7% during the forecast period (2023-2032).

Glaucoma therapeutics refers to various treatment alternatives for primary open-angle and primary angle-closure glaucoma. The disease is characterized by structural changes in the optic nerves that lead to visual loss and blindness. The treatment for glaucoma can be initiated through topical eye drops, which majorly consist of beta-blockers, prostaglandin analogues, cholinergic, carbonic anhydrase inhibitors and alpha-adrenergic agonists. These eye drops minimize fluid production in the eyes, reducing intraocular pressure. This can be followed by traditional or laser surgical procedures, which use products such as implantable extended-release devices, polymer-based contact lenses, drug-eluting punctual plugs, micro needle-injection devices, and micro-dosing technologies.

The increasing prevalence of glaucoma across the globe represents one of the key factors driving the market’s growth. Glaucoma is highly prevalent in patients with diabetes and other eye disorders, such as age-related macular degeneration, cataract and dry eye. In line with this, the rising geriatric population, which is more susceptible to such ailments, creates a positive market growth outlook. Furthermore, increasing health consciousness among the masses and rising preference for laser glaucoma surgery also drive glaucoma surgery market trend. Additionally, the development of innovative combination dugs is acting as another growth-inducing factor. Pharmaceutical manufacturers are creating anti-glaucoma drugs and prostaglandin analogues combined with two or more drugs to control the elevated levels of IOP. Other factors, including the advent of advanced glaucoma diagnostic techniques and improvements in the healthcare infrastructure, are expected to drive the glaucoma surgery market further.

Market Segmentation:

The global market has been segmented into product outlook, method outlook, end-user outlook and regional sectors. Based on the product outlook, the global market is divided into 11 sections: punches, USC marker, USC planner, USC shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage devices, and laser systems, others. With the method outlook, the market is segmented into eleven sections: traditional glaucoma surgery, trabeculectomy, tube shunt, minimally invasive glaucoma surgery, trabecular meshwork bypass, and suprachoroidal space, sub conjunctional space implants, laser surgery, trabeculoplasty, iridotomy and cyclophotocoagulation. With the end-user outlook section, the market is segmented into hospitals, ophthalmic clinics and others. Based on the regional analysis, the global glaucoma surgery market is divided into five sections: Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.

Regional Analysis:

North America is expected to hold a significant glaucoma surgery market in the global Glaucoma Surgery Devices Market due to the increasing prevalence of glaucoma, rising geriatric population, increasing awareness, favorable reimbursements policies, and several major players. As per a report published by Glaucoma Research Foundation, an estimate of 3 million people have glaucoma, and the number will increase in the coming years. Moreover, the growing number of geriatric populations in the United States is more prone to have glaucoma. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure are also fueling the growth of the overall regional market to a large extent.

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