Global Glaucoma Drainage Devices Market

Report ID : 1254 | Published : 2022-09-14 | Pages: | Format: PDF/EXCEL

The Global Glaucoma Drainage Devices Market is estimated to reach over USD 2.12 billion by 2030, exhibiting a CAGR of 8.1% during the forecast period. 

Glaucoma drainage devices are used to drain and divert humor that is caused in the glaucoma condition which could lead to serious damage to the eye if not treated properly. Ill-treated glaucoma could also lead to blindness. The increasing prevalence of lifestyle disorders and the rising geriatric population are the prime factors driving the glaucoma drainage devices market potential over the forecast period. Increasing incidence of diabetes is also expected to further increase glaucoma and this will eventually favor the glaucoma drainage devices market potential over the coming years. Technological innovations in glaucoma treatment and rising healthcare spending potential across the world are also expected to boost glaucoma drainage devices’ market growth across the forecast period. Hypertension is also responsible for the increasing incidence of glaucoma and could further propel the demand for glaucoma drainage devices through 2031.

The emergence of the COVID-19 pandemic in 2020 led to a downward trend in the global glaucoma drainage devices market owing to a heightened focus on coronavirus infections to control the pandemic situation. The glaucoma drainage devices market is anticipated to rise at a steady pace over the forecast period as the restrictions are lifted and the world returns to normal. However, complications related to glaucoma procedures are expected to have a hampering effect on the global glaucoma drainage devices demand through 2031.

Market Segmentation:

The glaucoma drainage devices market is segmented on the basis of product and end-users. Based on the product, the market is segmented as valved implants and non-valved implants. By end-users, the market is segmented into hospitals, ophthalmic clinics, and other end-users.

Based on product, the valved implants segment to see high demand

Valved implants are anticipated to see high demand over the forecast period and are anticipated to witness growth faster than the non-valved implants segment. Increasing preference for valved implants and rising recommendations for the same from healthcare professionals are expected to drive the growth of the segment over the forecast period.

Opthalmic Clinics to see high demand

The hospitals segment is anticipated to account for a major market share over the forecast period owing to a rising number of glaucoma surgeries being performed. The presence of key glaucoma treatments and the availability of novel technologies are factors that could drive demand for glaucoma drainage devices in hospitals.

In the region, the North America glaucoma drainage devices market Drives global growth.

The North America glaucoma drainage devices market is anticipated to emerge as the most lucrative one in the global glaucoma drainage devices industry landscape owing to the rising prevalence of glaucoma in the growing geriatric population. The increasing prevalence of diabetes is also a factor that propels glaucoma drainage devices demand in this region. Favorable reimbursement policies, developed healthcare infrastructure, high spending potential, and the presence of key healthcare providers are other factors that positively influence the glaucoma drainage devices market growth through 2031. The United States and Canada are projected to emerge as the most lucrative markets in the North America region over the years to come.

Competitive Landscape

The key players in the glaucoma drainage devices market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the glaucoma drainage devices market are Alcon, Henan Universe IOL R&M Co., Ltd., Alievio Inc, Avisi Technologies LLC, Geuder AG, InnFocus Inc, iVeena Delivery Systems Inc, Merz Anteis SA, MicroOptx, Inc., OPKO Health Inc, Nova Eye Medical, New World Medical, Inc., Santen SA, Ivantis, Inc., Advanced Ophthalmic Innovations Pte Ltd, iSTAR Medical, Rheon Medical SA, and other players.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Glaucoma Drainage Devices Market Snapshot

Chapter 4. Global Glaucoma Drainage Devices Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Key Trends in the Market

4.8. COVID 19 Impact Analysis

4.9. Glaucoma Incidence and Prevalence in Key Countries

Chapter 5. Glaucoma Drainage Devices Market Segmentation 1: By End-Users Estimates & Trend Analysis

5.1. By End-Users Analysis & Market Share, 2020 & 2030

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-Users:

5.2.1. Hospitals

5.2.2. Ophthalmic Clinics

5.2.3. Other End-Users

Chapter 6. Glaucoma Drainage Devices Market Segmentation 2: By Products Estimates & Trend Analysis

6.1. By Products Analysis & Market Share, 2020 & 2030

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Products:

6.2.1. Conventional Glaucoma Drainage Devices
   6.2.1.1. Valveless
   6.2.1.2. Valved
6.2.2. Minimally Invasive Glaucoma Surgery Devices
   6.2.2.1. Schlemm's Canal MIGS Devices
   6.2.2.2. Suprachoroidal MIGS Devices
   6.2.2.3. Subconjunctival MIGS Device
6.2.3. Other Products

Chapter 7. Glaucoma Drainage Devices Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2030

7.1.2. North America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.1.3. North America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2020-2030

7.1.3.1. U.S.

7.1.3.2. Canada

7.2. Europe

7.2.1. Europe Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2020-2030

7.2.2. Europe Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.2.3. Europe Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.2.3.1. Germany

7.2.3.2. Poland

7.2.3.3. France

7.2.3.4. Italy

7.2.3.5. Spain

7.2.3.6. UK

7.2.3.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2020-2030

7.3.2. Asia Pacific Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.3.3. Asia Pacific Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.3.3.1. China

7.3.3.2. India

7.3.3.3. Japan

7.3.3.4. Australia

7.3.3.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2020-2030

7.4.2. Latin America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.4.3. Latin America Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

7.4.3.1. Brazil

7.4.3.2. Rest of Latin America

7.5. MEA

7.5.1. MEA revenue Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2020-2030

7.5.2. MEA Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.5.3. MEA revenue Glaucoma Drainage Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

7.5.3.1. South Africa

7.5.3.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Company Profiles

8.1.1. Alcon

8.1.2. Henan Universe IOL R&M Co., Ltd.

8.1.3. Alievio Inc

8.1.4. Avisi Technologies LLC

8.1.5. Geuder AG

8.1.6. InnFocus Inc

8.1.7. iVeena Delivery Systems Inc

8.1.8. Merz Anteis SA

8.1.9. MicroOptx, Inc.

8.1.10. OPKO Health Inc

8.1.11. Nova Eye Medical

8.1.12. New World Medical, Inc.

8.1.13. Santen SA

8.1.14. Ivantis, Inc.

8.1.15. Advanced Ophthalmic Innovations Pte Ltd

8.1.16. iSTAR Medical

8.1.17. Rheon Medical SA

8.3. List of Other Prominent Players

Segmentation of Glaucoma drainage devices Market-

By Product-

 • Conventional Glaucoma Drainage Devices
o Valveless
o Valved
• Minimally Invasive Glaucoma Surgery Devices
o Schlemm's Canal MIGS Devices
o Suprachoroidal MIGS Devices
o Subconjunctival MIGS Device
• Other Products 

By End-Users-

  • Hospitals
  • Ophthalmic Clinics
  • Other End-Users

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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USD 2.12 billion by 2030

exhibiting a CAGR of 8.1% during the forecast period

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