Glaucoma Surgery Devices Market Size, Share, Growth Analysis, By Product(Glaucoma Drainage Device (Valves, Glaucoma Drainage Implant, Glaucoma Tube Shunts, Stents)), By Surgery Method(Traditional Glaucoma Surgery (Trabeculectomy, Tube Shunt Surgery), Minimal Invasive Glaucoma Surgery (Trabecular Meshwork Bypass, Suprachoroidal Space Implants), By End-use(Hospitals, Ophthalmic Clinics, Others), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35A2402 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 64 | Figures: 75

Glaucoma Surgery Devices Market News

In Jully 2024, Alcon, a leading healthcare technology company focusing on ophthalmic care announced the acquisition of Belkin Vision for USD 81 million. Under this acquisition, Alcon expanded its presence in the global laser glaucoma treatment market.
In December 2023, Ciliatech, a leading name in the glaucoma treatment space from the United Kingdom announced the release of a new design for a glaucoma surgery device. The new design of CID (cilioscleral interpositioning device) is intended to enhance its performance and safety.
In April 2023, Nova Eye Medical Limited, a leading medical technology company focused on ophthalmic treatments announced that it had been granted a 510(k) clearance for its new canaloplasty device. The United States Food and Drug Administration cleared iTrack™ Advance for microcatheterization and viscodilation to reduce intraocular pressure (IOP).

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Glaucoma Surgery Devices Market size was valued at USD 1.47 Billion in 2023 and is poised to grow from USD 1.54 Billion in 2024 to USD 2.22 Billion by 2032, growing at a CAGR of 4.70% during the forecast period (2025-2032).

Developing glaucoma surgery devices that are affordable should be the prime focus of glaucoma surgery device providers in the future. Collaborations and acquisitions are also expected to emerge as key opportunities for glaucoma surgery device companies going forward. Entering emerging markets is also expected to present new opportunities for glaucoma surgery device suppliers. 'Alcon Inc. (Switzerland)', 'Glaukos Corporation (US) ', 'Johnson & Johnson Vision (US) ', 'ASICO, LLC (US) ', 'Carl Zeiss Meditec AG (Germany) ', 'Ziemer Ophthalmic Systems AG (Switzerland) ', 'Iridex Corporation (US) ', 'Altomed (UK) ', 'New World Medical, Inc. (US) ', 'Ellex Medical Lasers Ltd. (Australia) ', 'Topcon Corporation (Japan) ', 'BVI Medical, Inc. (US) ', 'MicroSurgical Technology (MST) (US) ', 'Molteno Ophthalmic Ltd. (New Zealand) ', 'OptoMedica Corporation (US) ', 'iStar Medical SA (Belgium) ', 'NeoMedix Corporation (US) ', 'Sight Sciences, Inc. (US) ', 'Aquesys, Inc. (US) ', 'IOP Ophthalmics (US) ', 'Katena Products, Inc. (US)'

Minimally Invasive Glaucoma Surgery: Glaucoma surgery device companies should focus on developing and launching new devices capable of performing minimally invasive surgeries. Growing preference for minimally invasive surgeries among people owing to faster recovery times and less hospitalization is projected to make this a key glaucoma surgery devices market trend in the long run.

North America is predicted to spearhead the demand for glaucoma surgery devices in the world. The presence of a massive geriatric population, high incidence of diabetes, and poor lifestyles of people in this region are aiding the high share of North America. Moreover, high healthcare expenditure coupled with quick adoption of minimally invasive glaucoma surgeries are also slated to create new opportunities for glaucoma surgery device providers in this region. The United States and Canada are estimated to emerge as the most opportune markets in the North American region in the future.

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