Glaucoma Drainage Devices Market in an Aging World Clear Vision for the Future 2024-2031

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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According to the latest research by InsightAce Analytic, the global glaucoma drainage devices market is valued at US$ 1.08 Billion in 2021, and it is expected to reach US$ 2.12 Million by 2030, with a CAGR of 8.1% during a forecast period of 2024-2031.

Glaucoma Drainage Devices: Addressing Vision Loss in an Aging Population
Glaucoma is a group of eye diseases that damage the optic nerve, leading to vision loss. High intraocular pressure (IOP) is a common characteristic of glaucoma, and if left untreated, it can cause irreversible blindness.
Glaucoma Drainage Devices: A Surgical Solution

Glaucoma drainage devices offer a surgical solution for patients with glaucoma. These devices help manage IOP by creating a new pathway for aqueous humor, a fluid in the eye, to drain. This is particularly beneficial for patients at high risk of complications from a different surgical procedure called trabeculectomy.
Market Drivers for Glaucoma Drainage Devices

The glaucoma drainage device market is fueled by several factors:

• Rising Prevalence of Glaucoma: A significant driver is the increasing global population of older adults, who are at a higher risk of developing glaucoma.

• Growing Awareness of Glaucoma Treatment: As public health efforts raise awareness of glaucoma and its treatment options, the demand for glaucoma drainage devices is expected to increase.

• Advancements in Glaucoma Surgery: The wider availability of sophisticated glaucoma surgery devices, including drainage devices, is contributing to market growth.

• Focus on Preventative Eye Care: The growing emphasis on preventative medicine and eye care practices is leading to earlier diagnoses and interventions for glaucoma, including the use of drainage devices.
Challenges and Considerations
Despite the promising outlook, some challenges remain:

• Limited Awareness of Surgical Benefits: A lack of public understanding about the benefits of glaucoma surgery, including the use of drainage devices, can hinder patient adoption.

Future Outlook
By addressing these challenges and continuing to develop safer and more effective devices, glaucoma drainage device manufacturers can play a crucial role in preventing vision loss and improving the quality of life for patients with glaucoma.

This revised version clarifies the purpose of glaucoma drainage devices, highlights the key market drivers and challenges, and emphasizes the future potential of this technology.

North America is anticipated to be the major contributor to the glaucoma drainage devices market over the forecast years; to the region's rising senior population, diabetes and lifestyle disorders are predicted to increase demand for glaucoma drainage devices. In this region, rising stress levels and the prevalence of hypertension are projected to drive up demand for glaucoma drainage devices.

In addition, the Asia Pacific glaucoma drainage devices market is expected to grow significantly during the forecast period, a significant region in the global market. The need for glaucoma drainage devices is projected to increase in the next years because of the aging population. Glaucoma drainage device companies in this region should expect new opportunities due to increasing emphasis on healthcare and an understanding of glaucoma procedures and their benefits.

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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