Key Glaucoma Drainage Devices Market Driver for 2025-2034: Rising Glaucoma Prevalence Fuels Growth In The Market

"What Is the Future Outlook for the Glaucoma Drainage Devices Market's Size and Growth Rate?
The market size for glaucoma drainage devices has shown significant expansion in recent years. It is projected to increase from $0.81 billion in 2024 to $0.90 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%. This substantial growth during the historic period can be linked to factors such as rising diabetes cases, growing elderly population, expanded hospital infrastructure, as well as increased government initiatives and personal disposable income.

Over the next few years, swift expansion is expected in the glaucoma drainage devices market. By 2029, the market is predicted to reach a worth of $1.32 billion, growing at a compound annual growth rate (CAGR) of 10.1%. The forecasted growth is linked to factors such as the rising cases of glaucoma, increase in clinical trials, escalating healthcare expenditures, surge in personalized treatments, and growth in lifestyle disorders. Key tendancies in this anticipated growth period include improvements in minimally invasive glaucoma surgery, microstents, and nanotechnology innovations, advancements in biocompatible materials, as well as a rising interest in blending glaucoma drainage devices with adjustable and refillable drainage systems.

What Is Stimulating Growth in the Glaucoma Drainage Devices Market?
The glaucoma drainage devices market's expansion is anticipated to accelerate due to the growing incidence rate of glaucoma. Glaucoma is a collection of eye disorders that cause harm to the optic nerve, typically due to heightened intraocular pressure. If not treated promptly, it could lead to vision loss. The surge in glaucoma cases can be linked to an aging population, urbanization, and changes in lifestyle, among other factors. When traditional treatments are inadequate, glaucoma drainage devices aid in managing intraocular pressure in refractory glaucoma by enhancing the outflow of aqueous humor. For example, the Glaucoma Research Foundation, located in the US and recognized for innovative research, reported in March 2022 that around 80 million people worldwide suffer from glaucoma as of 2022. Alarmingly, nearly half of these individuals are not aware of their condition. In the United States alone, over 3 million people are grappling with glaucoma, with a similar percentage of cases that remain undiagnosed. As such, the growing incidence of glaucoma is propelling the glaucoma drainage devices market's growth.

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Which Key Market Leaders Are Driving Glaucoma Drainage Devices Industry Growth?
Major companies operating in the glaucoma drainage devices market are AbbVie Inc., Alcon Inc., Johnson And Johnson Vision Care Inc., Santen Pharmaceutical Co. Ltd., Glaukos Corporation, Ocular Therapeutix Inc., IRIDEX Corporation, New World Medical Inc., Ivantis Inc., iSTAR Medical, Nova Eye Medical Limited, Altomed, Aurolab, G.surgiwear Limited, Eagle Vision Inc., Advanced Ophthalmic Innovations Pte Ltd., Avisi Technologies Inc., iVeena Delivery Systems, Optonol Ltd., Rheon-medical

How Is the Glaucoma Drainage Devices Market Evolving?
Leading businesses in the glaucoma drainage devices market are channeling their efforts towards the innovation of next-gen canal-based glaucoma surgery devices, in response to a surge in demand for safer and more effective treatments. These devices, designed for implantation in the Schlemm's canal, facilitate the drainage of aqueous humor which in turn reduces intraocular pressure (IOP). This addresses the fundamental driver of glaucoma's development. For example, in March 2023, clearance was obtained by Nova Eye Medical Limited, a glaucoma devices firm based in Australia, for their iTrack Advance canaloplasty device. This forward-thinking device is specifically designed for microcatheterization and viscodilation, helping to lessen IOP in adult patients suffering from primary open-angle glaucoma. The iTrack Advance features an ergonomic design and superior technology for enhancing surgical effectiveness and is suitable for standalone procedures as well as combined procedures with cataract surgery.

What Are the Main Segments in the Glaucoma Drainage Devices Market?
The glaucoma drainage devices market covered in this report is segmented -

1) By Product Type: Valved Glaucoma Drainage Devices, Non-Valved Glaucoma Drainage Devices
2) By Surgery Type: Conventional Glaucoma Surgery, Minimally Invasive Glaucoma Surgery
3) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users

Subsegments:
1) By Valved Glaucoma Drainage Devices: Ahmed Glaucoma Valve, Baerveldt Glaucoma Implant, Krupin Implant, Others
2) By Non-Valved Glaucoma Drainage Devices: Molteno Implant, Schocket Implant, Foster Implant, Others

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Which Geographic Area Leads the Glaucoma Drainage Devices Market?
North America was the largest region in the glaucoma drainage devices market in 2024. The regions covered in the glaucoma drainage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Glaucoma Drainage Devices Global Market Report?

- Market Size Analysis: Analyze the glaucoma drainage devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the glaucoma drainage devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall glaucoma drainage devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the glaucoma drainage devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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