Glaucoma Drainage Devices Market Growth Focused Growing Demand Driven by Aging Population and Technological Advancements (2024-2030)

Glaucoma Drainage Devices Market worth $ 2.12 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Glaucoma Drainage Devices Market- by Product (Valved Implants and Nonvalved Implants), End-Users (Hospitals, Ophthalmic Clinics and Other End-Users), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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The market for glaucoma drainage devices is predicted to reach US$ 2.12 million by 2030, with a compound annual growth rate (CAGR) of 8.1% over the 2024-2031 forecast period, according to the most recent research by InsightAce Analytic. The market is currently valued at US$ 1.08 billion. Elevated intraocular pressure (IOP) is a common characteristic of glaucoma, a disorder that affects the optic nerve and causes visual loss. Even in patients with a minimal chance of failing a trabeculectomy, glaucoma drainage devices are used during filtering treatments. The crucial role of these devices in preventing irreversible blindness, a potential outcome of untreated glaucoma , underscores their importance in glaucoma operations .

The world's rising senior population is the reason behind the notable increase in glaucoma incidence over the past few years, further emphasizing the urgency and importance of these devices. Future glaucoma drainage device demand is expected to be driven by an older population. Worldwide opportunities for glaucoma drainage device manufacturers are anticipated to arise from the increased focus on healthcare and the growing understanding of glaucoma procedures and their benefits. The market for glaucoma drainage devices is expected to expand with the ever-increasing accessibility of surgery instruments.

The ever-increasing focus on preventative medicine and eye care is projected to propel the market for glaucoma drainage devices. Manufacturers of glaucoma drainage devices work hard to reduce the risks and side effects of their use. The worldwide market for glaucoma drainage devices is expected to be hampered by people's ignorance of the benefits of glaucoma surgeries. Manufacturers will probably concentrate on these problems and work to find solutions if they want the glaucoma drainage device market to grow to its full potential. In the next years, North America is expected to dominate the glaucoma drainage devices market due to the region's growing senior population, which is expected to drive demand for glaucoma drainage devices due to diabetes and lifestyle problems.

The need for glaucoma drainage devices is expected to increase in this area due to the incidence of hypertension and increased stress levels. Furthermore, the glaucoma drainage devices market in Asia Pacific, a major region in the worldwide industry, is anticipated to increase significantly during the forecast period.

Because of the ageing population, there will likely be a greater need for glaucoma drainage devices in the coming years. Because of the growing focus on healthcare and awareness of glaucoma operations and their advantages, glaucoma drainage device firms in this region could anticipate new opportunities, providing a positive outlook for manufacturers and investors in the field.

Major market players operating in the Glaucoma Drainage Devices market include

Avisi Technologies LLC, Geuder AG, InnFocus Inc, iVeena Delivery Systems Inc, Alcon, Henan Universe IOL R&M Co., Ltd., Alievio Inc, Merz Anteis SA, MicroOptx, Inc., OPKO Health Inc, and Nova Eye Medical.

Recent collaborations and agreements in the market:

• In May 2021, Rheon Medical SA received breakthrough device recognition from the US FDA for their AirWatch technology. This is the first adjustable glaucoma shunt in the world.

• In August 2019, the US FDA recognized Rheon Medical SA's eye watch technology as a breakthrough product. This is the world's first adjustable glaucoma shunt.

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Market Segments
Global Glaucoma Drainage Devices Market, by Product, 2022-2030 (Value US$ Mn)

• Valved Implants
• Nonvalved Implants
Global Glaucoma Drainage Devices Market, by End-Users, 2022-2030 (Value US$ Mn)

• Hospitals
• Ophthalmic Clinics
• Other End-Users

Global Glaucoma Drainage Devices Market, by Region, 2022-2030 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Glaucoma Drainage Devices Market, by Country, 2022-2030 (Value US$ Mn)

• U.S.
• Canada

Europe Glaucoma Drainage Devices Market, by Country, 2022-2030 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Glaucoma Drainage Devices Market, by Country, 2022-2030 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Glaucoma Drainage Devices Market, by Country, 2022-2030 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Glaucoma Drainage Devices Market, by Country, 2022-2030 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:

 To receive a comprehensive analysis of the prospects for the global glaucoma drainage devices market
 To receive an industry overview and future trends in the glaucoma drainage devices market
 To analyze the glaucoma drainage devices market drivers and challenges
 To get information on the glaucoma drainage devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the glaucoma drainage devices market industry

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