Global Glaucoma Surgical Devices Market 2016-2020
Market outlook of the global glaucoma surgical devices market
Technavio’s research analyst predicts the global glaucoma surgical devices market to grow rapidly at a CAGR of 41% during the forecast period. Much of this market’s growth can be attributed to the advances made in the field of ophthalmology, which in turn has fortified the establishment of treatment methodologies to amplify positive patient outcomes.
The augmented demand for glaucoma surgical devices in emerging countries is the key driver for the growth of this market. In emerging countries like China, India, and Brazil improvements in medical infrastructure have led to the availability of advanced treatment options, which has made it possible for people to undergo glaucoma surgeries.
Product-based segmentation of the glaucoma surgical devices market
Technavio Announces the Publication of its Research Report – Global Glucoma Surgical Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Glucoma Surgical Devices Market: Alcon, Abbott Medical Optics, Carl Zeiss Meditec and Ellex Medical
Other Prominent Vendors in the market are: A.R.C. Laser, Aquesys, Innfocus, Ivantis, Glaukos, Innova, Molteno Ophthalmic, Topcon, Transcend Medical, Iridex, Quantel, Lightmed, Lumenis, New World Medical, Nidek, Optos, and Valve Implants.
Commenting on the report, an analyst from Technavio’s team said: “Microinvasive glaucoma surgery or minimally invasive glaucoma surgery is an advanced procedure with minimum adverse effects. It us of two types: ab interno and ab externo. Ab interno microinvasive glaucoma surgeries include the use of suprachoroidal shunts and intracanalicular scaffolds. Ab externo microinvasive glaucoma surgeries include the use of canaloplasty devices and suprachoroidal Gold microshunts.”
According to the report, age-related changes in the body cause a gradual slowdown of the body functioning and immune system, exposing a person to various risk factors. Aging can cause certain areas of the eyes to become less elastic. Macular degeneration, cataracts, dry eye syndrome, refractive errors, and glaucoma are the most prevalent diseases in people over 40.
Further, the report states that regulatory bodies have imposed stringent labeling requirements and regulatory framework for glaucoma surgical devices. These regulations are often country-specific. Some of these devices, such as laser-based products, are considered high-risk and have to undergo a safety examination to demonstrate medical efficacy before being approved by regulatory agencies.
Alcon, Abbott Medical Optics, Carl Zeiss Meditec, Ellex Medical, A.R.C. Laser, Aquesys, Innfocus, Ivantis, Glaukos, Innova, Molteno Ophthalmic, Topcon, Transcend Medical, Iridex, Quantel, Lightmed, Lumenis, New World Medical, Nidek, Optos, Valve Implants.