The growth of the glaucoma drainage devices market has focused on the rising demand

Glaucoma Drainage Devices Market Worth $2.12 Billion by 2030 – Exclusive InsightAce Analytic Report

InsightAce Analitics Pvt. Ltd. announces the publication of a market assessment report on “Global Glaucoma Drainage Devices Market – By Product (Valved Implants and Non-Valved Implants), End Users (Hospitals, Eye Clinics and Other End Users), Trends, Industry Competitor Analysis, Revenues and forecast until 2030.”

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According to the latest study by InsightAce Analytic, the glaucoma drainage device market will reach USD 2.12 million by 2030, with a compound annual growth rate (CAGR) of 8.1% during the forecast period 2024-2031. The market is currently valued at $1.08 billion. Raised intraocular pressure (IOP) is a common feature of glaucoma, a disease that affects the optic nerve and causes vision loss. Even in patients with minimal risk of trabeculectomy failure, glaucoma drainage devices are used during filtering procedures. The key role of these devices in preventing irreversible blindness, a potential consequence of untreated glaucoma, underscores their importance in glaucoma surgery.

The growing number of older people worldwide is responsible for the significant increase in the incidence of glaucoma over the past few years, further emphasizing the urgency and importance of these devices. Future demand for glaucoma drainage devices is expected to be driven by the older population. Global opportunities for glaucoma drainage device manufacturers are expected to arise from an increased focus on healthcare and an increasing understanding of glaucoma treatment procedures and their benefits. The glaucoma drainage device market is expected to expand with the ever-increasing availability of surgical instruments.

Increasing emphasis on preventive medicine and eye care is expected to drive the glaucoma drainage device market. Manufacturers of glaucoma drainage devices work hard to reduce the risks and side effects of their use. The global glaucoma drainage devices market is expected to be hampered by people’s ignorance about the benefits of glaucoma surgery. Manufacturers will likely focus on these issues and work to find solutions if they want the glaucoma drainage device market to fully develop. North America is expected to dominate the glaucoma drainage devices market in the coming years due to the growing elderly population in the region, which is expected to increase the demand for glaucoma drainage devices due to diabetes and lifestyle issues .

The demand for glaucoma drainage devices in this area is expected to increase due to the prevalence of hypertension and increased stress levels. Moreover, the glaucoma drainage devices market in Asia-Pacific, a major region of the global industry, is expected to grow significantly during the forecast period.

Due to an aging population, there will likely be a greater demand for glaucoma drainage devices in the coming years. Due to the increasing focus on healthcare and awareness of glaucoma surgery and its associated advantages, glaucoma drainage device companies in this region can envision new opportunities, providing a positive outlook for manufacturers and investors in this field.

Major market players operating in the glaucoma drainage devices market include:

Avisi Technologies LLC, Geuder AG, InnFocus Inc, iVeena Delivery Systems Inc, Alcon, Henan Universe IOL R&M Co., Ltd., Alievio Inc, Merz Anteis SA, MicroOptx, Inc., OPKO Health Inc and Nova Eye Medical.

Recent collaborations and agreements on the market:

• In May 2021, Rheon Medical SA received breakthrough device recognition from the US FDA for its AirWatch technology. This is the world’s first adjustable glaucoma leak.

• In August 2019, the US FDA recognized Rheon Medical SA’s eye watch technology as a breakthrough product. This is the world’s first adjustable glaucoma leak.

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Market segments
Global Glaucoma Drainage Devices Market by Product, 2022-2030 ($Mn Value)

• Valve implants
• Implants without valve
Global Glaucoma Drainage Devices Market by End User, 2022-2030 ($Mn Value)

• Hospitals
• Eye clinics
• Other end users

Global Glaucoma Drainage Devices Market by Region, 2022-2030 ($Mn Value)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America Glaucoma Drainage Devices Market, by Country, 2022-2030 ($Mn Value)

• US
• Canada

European Glaucoma Drainage Devices Market by Country, 2022-2030 (USD Million Value)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Glaucoma Drainage Devices Market, by Country, 2022-2030 (USD Million Value)

• India
• China
• Japan
• South Korea
• Australia and New Zealand

Latin America Glaucoma Drainage Devices Market, by Country, 2022-2030 ($Mn Value)

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa Glaucoma Drainage Devices Market, by Country, 2022-2030 (USD Million Value)

• GCC countries
• South Africa
• Rest of the Middle East and Africa

Why you should buy this report:

 To obtain a comprehensive analysis of the prospects of the global Glaucoma Drainage Devices market
 To get an overview of the industry and future trends in the Glaucoma Drainage Devices market
 To analyze the factors influencing the Glaucoma Drainage Devices market and challenges
 Obtaining information on the projected market value of glaucoma drainage devices (in USD million) by 2030
 Significant investments, mergers and acquisitions in the glaucoma drainage device market

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