Press release
Glaucoma Diagnostics Market is Set to Globally Reach US$ 3,262.6 Million by 2034 at 4.5% CAGR | Fact.MR
Glaucoma Diagnostics Market
Glaucoma is a significant eye disease that attacks the optic nerve of an eye transmitting information to the brain. Glaucoma is ranked as the second leading cause of overall blindness in a report presented by World Health Organization. Conventionally topical drugs and laser surgery particularly trabeculotomy are the main means to treat glaucoma.
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Market Dynamics
What are the Factors Driving Global Sales of Glaucoma Diagnostics Products?
Rise in Geriatric Population throughout the Affected Population for Glaucoma Disease Propelling the Global Market for Glaucoma Diagnostic Products
The key driving force is the increasing geriatric population being predominantly influenced by glaucoma. New technologies and short procedure duration are attracting high volumes of end-users, thereby driving the growth of the glaucoma diagnostics market. Increasing challenges for minimally invasive eye disorder surgeries and enhanced use of glaucoma diagnostics during the study period is expected to drive the market growth.
With this rising need, health care systems are increasingly focusing on the delivery of age-specific eye care services to elderly people. Progress in glaucoma examinations and treatments, such as innovative imaging techniques and low-invasive surgical procedures, is being designed to address the particular challenges faced by older persons, such as associated medical problems and the need for effective treatment programs.
Country-wise Insights
United States market is valued at US$ 927.0 million in 2024 and is expected to grow at a CAGR of 4.3% during 2034. This United States market is expected to create an absolute opportunity of US$ 485.3 Million between 2024 and 2034.
North America is expected to be primary potential prospects in the market for glaucoma diagnostics due to a high rate of glaucoma surgeries in patients. Also, it is anticipated that offering government funds to undertake research and development on the technology and glaucoma diagnostics will be a stimulating force towards expanding the glaucoma diagnostics market.
The Germany market is expected to be US$ 1,088.6 million in 2034 with a CAGR of 4.2%. The market is expected to create an absolute opportunity of US$ 367.2 Million between 2024 and 2034.
Category-wise Insights
Imaging Glaucoma diagnostics demand is expected to grow at a CAGR of 4.3% during the period 2024-2034. Imaging devices that are expected to witness strong growth in the glaucoma diagnostics market. Technologies such as optical coherence tomography (OCT) and scanning laser polarimetry innovation that provides high-resolution image of the optic nerve and retinal nerve fiber layer, enabling early detection and monitoring of glaucoma.
Along with there should be a projected growth in the demand for tonometry devices, particularly the portable and easy-to-use devices, since they offer convenience and comfort to patients. With increased awareness of glaucoma and improved technology, there will be a projected growth in demand for these innovative diagnostic tools.
Competitive Landscape
Major players in the glaucoma diagnostics market are constantly developing innovations and strategies to maintain their position and expand their market share. A combination of innovation, strategic collaboration, and an emphasis on uniqueness defines the market scenario as a way of responding to diverse market demands and staying competitive. The manufacture of automated and combined glaucoma diagnostics with other tests is increasingly gaining popularity in the present market.
In September 2024, Haag-Striet released the METIS ophthalmic microscope system used in the operating room, providing exceptions and clarity throughout the surgeries being conducted. This device is constructed to deliver optimal performance, ergonomic design, and leading features made with precision and efficiency in mind.
Fact.MR has given specific details regarding price ranges of the major producers of glaucoma diagnostic products ranged across regions, sales development, and speculative technology expansion, in the latest released report.
Browse Full Report: https://www.factmr.com/report/4003/glaucoma-diagnostics-market
Segmentation of Glaucoma Diagnostics Industry Research
By Product Type:
Optical Coherence Tomography Imaging Systems
Retinal Tomography and Retinal Angiography Systems
Corneal Pachymeters
Visual Field Testing Devices
Tonometers
Others
By Indication Type:
Open angle glaucoma
Low tension glaucoma
Pigmentary glaucoma
Closed angle glaucoma
By End User:
Hospitals
Specialty Clinics
Ophthalmology Diagnostic Centers
Research Institutes
By Region:
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
Middle East & Africa
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