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Minimally Invasive Glaucoma Surgery (MIGS) Devices Global Market Size ($1.89 Billion Revenue By 2028) Growing Rapidly with Recent Trends and Outlook
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
As per the report, the minimally invasive glaucoma surgery (MIGS) devices market size has grown exponentially in recent years. It will grow from $0.55 billion in 2023 to $0.70 billion in 2024 at a compound annual growth rate (CAGR) of 27.8%. The minimally invasive glaucoma surgery (MIGS) devices market size is expected to see exponential growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%.
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Rising Prevalence of Glaucoma Spurs Demand for Minimally Invasive Glaucoma Surgery (MIGS) Devices
The increasing prevalence of eye disorders is expected to propel the growth of minimally invasive glaucoma surgery (MIGS) devices going forward. Eye disorders encompass a wide range of conditions that affect the eyes and vision. The prevalence of eye disorders is increasing due to lifestyle changes, environmental influences, and aging populations. Minimally invasive glaucoma surgery (MIGS) devices are innovative tools utilized in managing various eye diseases, primarily focusing on reducing intraocular pressure (IOP) to prevent or control glaucoma progression. For instance, in 2024, according to the National Eye Institute, a US-based government agency, around 2.2 million Americans will be blind or partially blind by 2030. Therefore, the increasing prevalence of eye disorders drives the minimally invasive glaucoma surgery (MIGS) devices market.
Innovative Advances In Minimally Invasive Glaucoma Surgery (MIGS) Devices Transforming Patient Care And Surgical Practice
Major companies operating in the minimally invasive glaucoma surgery (MIGS) devices market are focused on developing innovative products, such as stent injectable systems, to address unmet needs in glaucoma management and improve patient outcomes. A stent injectable system is a minimally invasive glaucoma surgery (MIGS) device that delivers and implants a small stent into the body through an injection-like procedure, often using a specialized delivery mechanism that is commonly used in minimally invasive surgeries to treat conditions such as blocked or narrowed blood vessels. For instance, in August 2022, Glaukos Corporation, a US-based ophthalmic medical technology company, received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the iStent Infinite Trabecular Micro-Bypass System. The iStent Infinite is a novel three-stent injectable system designed to provide foundational, 24/7 intraocular pressure (IOP) control for patients with primary open-angle glaucoma (POAG) whose IOP is uncontrolled by prior medication and surgical therapy.
The minimally invasive glaucoma surgery (MIGS) devices market covered in this report is segmented -
1) By Product: Valves, Glaucoma Drainage Implant, Glaucoma Tube Shunts, Stents, Other Products
2) By Surgery: Glaucoma In Conjunction With Cataract, Stand Alone Glaucoma
3) By Target: Trabecular Meshwork, Suprachoroidal Space, Other Targets
4) By Distribution Channel: Direct Tender, Retail Sales
5) By End User: Ophthalmology Clinics, Ambulatory Surgery Centers (ASCS), Other End Users
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Major companies operating in the minimally invasive glaucoma surgery (MIGS) devices market are AbbVie Inc., Novartis AG, Alcon Inc., Bausch Health Companies Inc., Bausch & Lomb Incorporated Inc., Carl Zeiss Meditec AG, Santen Pharmaceutical Co. Ltd., Johnson & Johnson Vision Care Inc., Lumenis Ltd., Staar Surgical Company, Glaukos Corporation, Sight Sciences Inc., Ocular Therapeutix Inc., Iridex Corporation, Ellex Medical Lasers Ltd., New World Medical Inc, MicroSurgical Technology Inc., Nova Eye Medical Limited, Asico LLC, Ziemer Ophthalmic Systems AG, Transcend Medical, iSTAR Medical SA, Ivantis Group Inc., Allergan, InnFocus Inc.
Contents of the report:
1. Executive Summary
2. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Report Structure
3. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Trends And Strategies
4. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market - Macro Economic Scenario
5. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Size And Growth
…..
27. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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