Strong Growth Ahead: Glaucoma Drainage Devices Market Size To Grow At Arecord 10.1% Cagr By 2029

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How Big Is the Glaucoma Drainage Devices Market Size Expected to Be by 2034?
Recent years have seen rapid expansion in the market size of glaucoma drainage devices. It is projected to expand from $0.81 billion in 2024 to $0.90 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.3%. The impressive growth in the previous period can be credited to a rise in diabetes cases, a growing elderly population, an increase in hospital prevalence, and an upswing in government initiatives and disposable income.

The market for glaucoma drainage devices is anticipated to experience a substantial increase in the coming years. The market is projected to reach $1.32 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The significant expansion expected in the forecast period can be ascribed to the rising incidence of glaucoma, increased number of clinical trials, growth in health care budgets, proliferation in personalized treatments, and the surge in lifestyle-related disorders. The forecast period also suggests key trends like progress in minimally invasive glaucoma surgery, innovation in microstents and nanotechnology, development in biocompatible materials, as well as a growing inclination towards amalgamation of glaucoma drainage systems and adjustable, refillable drainage systems.

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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Glaucoma Drainage Devices Market Trends?
The escalating occurrence of glaucoma is predicted to drive the expansion of the glaucoma drainage devices market. Known to cause damage to the optic nerve due to increased intraocular pressure, glaucoma is a group of eye disorders that if left unmanaged, could lead to vision loss. A surge in glaucoma cases has been linked to several variables, including an aging demographic, urbanization, and modifications in lifestyle. Glaucoma drainage devices are vital in controlling intraocular pressure in refractory glaucoma, by aiding the outflow of aqueous humor when regular treatments prove ineffective. The Glaucoma Research Foundation, a pioneering research body based in the US, stated in March 2022 that roughly 80 million people worldwide have glaucoma as of 2022. Alarmingly, it estimates that almost half of those affected are unaware they have the condition. Furthermore, in the United States, over three million people have glaucoma with an equal portion of cases being undiagnosed - a revelation that underlines the rising instances of glaucoma leading to the growth of the glaucoma drainage devices market.

Who Are the Top Competitors in Key Glaucoma Drainage Devices Market Segments?
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

What Actigraphy Devices Market Trends Are Gaining Traction Across Different Segments?
Key players in the glaucoma drainage devices market are focusing their attention on the creation of next-generation canal-based glaucoma surgery tools. This is to provide less invasive alternatives in response to the increasing need for safer, more efficient treatments. These canal-based glaucoma surgery tools are implants used to target Schlemm's canal and improve the drainage of aqueous humor, which in turn, reduces intraocular pressure (IOP). This is an approach to managing glaucoma by tackling the primary factor that leads to its progression. Nova Eye Medical Limited, an Australian glaucoma devices manufacturer, was granted clearance for its iTrack Advance canaloplasty device in March 2023. This state-of-the-art tool is designed for microcatheterisation and viscodilation to decrease intraocular pressure (IOP) in adult patients diagnosed with primary open-angle glaucoma. The iTrack Advance is outfitted with a user-friendly handpiece and upgraded technology to boost surgical performance. It can be used for independent procedures as well as ones performed concurrently with cataract surgery.

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Which Regions Are Becoming Hubs for Glaucoma Drainage Devices Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glaucoma Drainage Devices Market?
2. What is the CAGR expected in the Glaucoma Drainage Devices Market?
3. What Are the Key Innovations Transforming the Glaucoma Drainage Devices Industry?
4. Which Region Is Leading the Glaucoma Drainage Devices Market?

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