Global Glaucoma Surgery Devices Market

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 Insights

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).

Rapidly increasing incidence of glaucoma around the world owing to high prevalence of diabetes and poor lifestyle choices are expected to bolster the sales of glaucoma surgery devices over the coming years. Increasing geriatric population base around the world is also slated to create new opportunities for glaucoma surgery device providers in the future. Growing awareness regarding glaucoma and increasing demand for treatment of the same via surgery is also slated to benefit glaucoma surgery devices market growth over the coming years. Advancements in glaucoma surgery device technologies and the launch of new screening programs by governments are also creating new business scope for glaucoma surgery device companies in the long run. On the contrary, high costs of glaucoma surgery devices, dearth of skilled ophthalmic surgeons, and risk of post-surgical complications are estimated to impede the demand for glaucoma surgery devices across the study period and beyond.  

US Glaucoma Surgery Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

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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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Global Glaucoma Surgery Devices Market

Report ID: SQMIG35A2402

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