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Micro Invasive Glaucoma Surgery (MIGS) Devices Market, Applications and Market- Industry Analysis, Size, Share, Growth and Forecast 2029

Micro Invasive Glaucoma Surgery (MIGS) Devices Market

Micro Invasive Glaucoma Surgery (MIGS) Devices Market

Data Bridge Market Research analyses that the Micro Invasive Glaucoma Surgery (MIGS) Devices Market is expected to reach the value of USD 5,995.46 million by 2029, at a CAGR of 33.3% during the forecast period

Micro invasive glaucoma surgery is used to treat open-angle glaucoma. Initially, to treat OAG, medication was given that reduced aqueous humor production or increased aqueous humor outflow. For mild to moderate OAG, traditionally, pharmacologic and laser treatment was performed. With the coming of micro invasive glaucoma surgery (MIGS) procedures, new options were created for those not fit for conventional surgery. An increase in the population of geriatrics and increasing government initiatives for the prevention of blindness are expected to boost the market. Rapid transition from glaucoma medication to minimally invasive glaucoma surgeries might be creating opportunities for the manufacturer of MIGS devices. However, poor reimbursement facilities might act as an obstacle for the market.

The rise in demand for micro invasive surgery is because of growing incidences of eye diseases, rising demand for micro invasive surgeries and reduced surgical trauma, propelling the need for the market in the forecast period. However, the high installation cost and shortage of skilled professionals may hamper the minimally invasive surgery market growth in the forecast period. MIGS stands for micro invasive glaucoma surgery, which helps treat glaucoma. It is a breakthrough technology in the treatment of mild to moderate glaucoma. It is an alternative to the medications given earlier and it also prevents the complications of conventional surgery. These procedures are used to lower the intra-ocular pressure of the eye to avoid damage to the optic nerve. These procedures are safer and have a very rapid recovery time compared to conventional surgery. The various MIGS devices implanted are shunts and stents to lower the IOP.

Some of the major players operating in the micro invasive glaucoma surgery (MIGS) devices market are
• AbbVie,
• BVI,
• Ellex,
• Glaukos Corporation,
• Johnson and Johnson,
• Alcon,
• Microsurgical technology,
• New World Medical,
• Santen Pharmaceutical,
• Nova Eye Medical Limited,
• Belkin Vision and Sight Scientific
• Among others.

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