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Punctal Plug Devices Market Size and Key Trends in Terms Of Volume and Value - Forecast to 2025

04-16-2018 09:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.biz

Punctal Plug Devices Market Size and Key Trends in Terms Of Volume

The report "Punctal Plug Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Punctal Plug Devices ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Punctal plugs are small-sized medical devices used to treat dry eye. Dry eye is a disease wherein patients are not able to keep the eye comfortable and healthy, as no sufficient tears are produced. The dry eye syndrome is also known as keratitis sicca, dry eye disease, or keratoconjunctivitis sicca. It causes issues with tears and the ocular surface, which leads to tear film instability and visual disturbances resulting in potential damage of the ocular surface. The early treatment of dry eye may help an individual prevent corneal scarring and ulcers. Punctal plugs are also used in the treatment of punctal stenosis and glaucoma and for ocular drug delivery. They can modulate the effect of other forms of topical treatment by increasing the drug retention time.

The tear drainage channel located in the inner corner of the eye is blocked by using the punctual plug device. The device is inserted in the puncta, opening of the tear duct. Tears are drained out from this channel through the back of the nose and are sent to the back of the throat. The punctal plug prevents tears from flowing out, as it acts as a dam. With the help of punctal plugs, eyes are kept moist with the patient’s own tears. Also, artificial tears can last long with the help of punctal plugs. Punctal plug devices can be inserted for a long duration of time, permanently, or for a short duration of time. Temporary punctal plugs are made of collagen, a material that is found in the skin and bones. Temporary punctal plugs have a unique property of dissolving over time. Permanent punctal plug devices are made of silicone. Some other materials used for punctal plug devices are acrylic, polydioxanone, and hydrogel.

Increasing advancements in designs and techniques drive the demand for punctal plug devices. The increasing prevalence of the dry eye syndrome is driving the punctal plug devices market. According to the Journal of Ophthalmology, 25% of patients visiting eye care clinics exhibit symptoms of dry eye. However, if the dry eye syndrome is not very severe, it can be treated by certain over-the-counter products such as ointments, gels, and artificial teardrops. These products act as a restraining factor for the global punctal plug devices market. Some complications associated with punctal plug devices such as chronic irritation, epiphora, migration, extrusion, biofilm formation, and canaliculitis may also restrain the market to a certain extent.

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The global punctal plug devices market can be segmented based on duration of placement type, design type, end-user, and region. In terms of duration of placement type, the market can be categorized into temporary punctal plugs and permanent punctal plugs. Based on design type, the punctal plug devices market can be divided into straight shaft, stretched shaft, dual-lobe tip, slanted lip, perforated shaft, ribbed shaft, reservoired head, collapsible nose, and tapered shaft. Based on end-user, the market can be classified into hospital pharmacies, online pharmacies, eye health clinics, and retail pharmacies.

Geographically, the global punctal plug devices market can be segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. North America holds the leading market share, owing to high prevalence of the dry eye syndrome. According to Physicians’ Health Studies (PHS) and Women’s Health Studies (WHS), approximately 1.6 million men and 3.2 million women aged 50 years and above in the U.S. suffer from the dry eye syndrome of moderate to severe level.

Key players operating in the global punctal plug devices market are Oasis Medical, Lacrimedics, Inc., Beaver-Visitec International, FCI Ophthalmics, Surgical Specialties Corporation, Lacrivera (a division of Stephens Instruments), AlphaMed, and Medennium.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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