2025-2034 Glaucoma Surgery Devices Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Glaucoma Surgery Devices Market Through 2025?
In recent times, there has been rapid growth in the market size of glaucoma surgery devices. The market is expected to expand from $1.9 billion in 2024 to $2.13 billion in 2025, representing a compound annual growth rate (CAGR) of 12.2%. The growth during the historic period can be credited to factors such as the aging population, an increased incidence of glaucoma, increased awareness and screening initiatives, development of healthcare facilities, insurance coverage, and favorable reimbursement policies.

What's the Projected Size of the Global Glaucoma Surgery Devices Market by 2029?
In the years to come, the market size for glaucoma surgery devices is anticipated to expand rapidly, expected to reach a valuation of $3.68 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.6%. This predicted growth during the forecast period is linked to factors such as the rise in the worldwide elderly population, enhanced healthcare awareness, collaborative R&D efforts, international enlargement of healthcare services, and outpatient procedure preference among patients. The forecast period is also expected to see major shifts, including grid resilience and decentralization, regulatory changes, technological progress, integration with renewable resources, and environmental awareness.

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Top Growth Drivers in the Glaucoma Surgery Devices Industry: What's Accelerating the Market?
An increase in glaucoma cases is anticipated to spur the expansion of the glaucoma surgery devices market. Glaucoma, a worsening ocular ailment that can cause irreversible sight loss if not timely identified and managed, can damage the optic nerve. Glaucoma surgery devices are crucial in performing glaucoma surgery in a safer, more efficient, and minimally invasive manner, which in turn, escalates their demand. As an example, The Institute for Health Metrics and Evaluation (IHME), an autonomous international research center based in the University of Washington in Seattle, reported in October 2024 that in 2022, around 4.22 million individuals in the US suffered from glaucoma. The disease prevalence was found to be 1.62% among adults aged 18+ and 2.56% among individuals aged 40+. Among these affected individuals, an estimated 1.49 million suffered from vision-impairing glaucoma which accounted for 0.57% of adults aged 18+ and 0.91% of adults aged 40+. Hence, escalating glaucoma incidence is anticipated to propel the glaucoma surgery devices market's growth.

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What Are the Key Trends Driving Glaucoma Surgery Devices Market Growth?
Emerging technologies constitute a prominent trend that is gaining traction in the glaucoma surgery devices market. The leading firms in this space are focusing on the creation of groundbreaking technologies to maintain their market stand. For example, Sight Sciences Inc., a US eyecare tech firm, unveiled the SION Surgical Instrument in August 2022. This device, the first of its kind to use bladeless technology in goniotomy, is a ground-breaking and implant-free Minimally Invasive Glaucoma Surgery (MIGS) device. The intention behind its design is to deliver a consistent and controlled method for carrying out goniotomy, which could lead to improved results for glaucoma patients. The technology employs a flexible catheter to generate micro-incisions in the trabecular meshwork sans blade. The bladeless feature of SION was developed to enhance safety and usability by eliminating the need to handle sharp tools around the eye's anterior chamber and iridocorneal angle anatomy. The design characteristics aim to boost the efficacy and precision of the excisional tissue removal process.

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

1) By Product: Drainage Systems, Laser-Based Devices, Implants, Other Products
2) By Treatment: Open-Angle, Closed-Angle
3) By Type Of Surgery: Angle Closure Glaucoma Surgery, Aqueous Shunt Surgery, Laser Surgery, Other Type Of Surgeries
4) By Application: Conventional Glaucoma Surgeries, Minimally Invasive Glaucoma Surgeries
5) By End User: Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centers

Subsegments:
1) By Drainage Systems: Tubes And Shunts, Collecting Devices, Valves
2) By Laser-Based Devices: Laser Trabeculoplasty, Laser Iridotomy Devices, Laser Cyclophotocoagulation Devices
3) By Implants: Gel Stents, Ahmed Glaucoma Valve Implants, Baerveldt Implants
4) By Other Products: Surgical Instruments, Diagnostic Devices, Surgical Kits

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Which Top Companies are Driving Growth in the Glaucoma Surgery Devices Market?
Major companies operating in the glaucoma surgery devices market include Alcon, Johnson & Johnson, Abbott Laboratories, Carl Zeiss Meditec AG, Bausch & Lomb Inc., Topcon Corporation, HAAG-Streit Holding AG, Sonomed Escalon, Iridex Corporation Ltd., Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems AG, Katalyst Surgical, Nidek Co. Ltd., AbbVie Inc., BVI, Glaukos Corporation, Alievio Inc., Assenti LLC, Chongqing Migos Medical Technology Co Ltd., OcuTherix Inc, OPKO Health Inc, OptoLight Vision Technology, Rheon Medical SA, Sight Sciences Inc, Lumenis Ltd.

Which Regions Will Dominate the Glaucoma Surgery Devices Market Through 2029?
North America was the largest region in the glaucoma surgery devices market in 2024. The regions covered in the glaucoma surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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