Lacrimal Devices Market Size By Product (Intubation Sets, Tubes, Stents, Cannula & Spatula, Dilator, Punctal Plugs), By Application (Dry Eye, Glaucoma, Epiphora, Drainage Obstruction, Lacrimal Gland Inflammation), By End-use (Hospitals, Ophthalmic Clinics, Diagnostic Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
The lacrimal devices market is set to witness notable growth over the forecast time period owing to technological advancements and rising product demand. The lacrimal gland is situated within the orbit which is above the lateral end of the eye. It frequently releases fluid which is meant for cleaning and protecting the eye’s surface since it moistens and lubricates it.
The lacrimal secretions are further referred as tears. Lacrimal drainage obstacles causing epiphora is known to be a common lacrimal ailment. Depending on the age of the patient as well as the pathophysiology of the condition, the ailment could either be relieved by DCR or by simple probing. Lacrimal devices such as lacrimal stents and intubations sets repair the lacrimal drainage system. These devices are specifically focused towards the lacrimal ducts and nasal or lacrimal punctum of the eye.
Lacrimal devices market is divided into segments in terms of product, application, end-use, and regional landscape.
Based on product, the lacrimal devices market is classified into punctal plugs, dilator, cannula & spatula, stents, tubes, intubation sets, and others. Among these, the tubes segment accounted for market share of 11.4% and is estimated to follow a remunerative trend over the coming years. A Lester Jones tube is generally utilized for patients whose prior lacrimal drainage operations were not successful.
With respect to application, the lacrimal devices market is categorized into lacrimal gland inflammation, drainage obstruction, glaucoma, epiphora, dry eye, and others. Among these, glaucoma segment is likely to witness tremendous growth over the coming years. In 2019, the segment accounted for approximately $36.7 million and will continue to grow substantially over the years. For the treatment of glaucoma, microsurgery and laser surgery are recommended as per the doctor’s prescription. In microsurgery the doctor might implant a tube for helping in draining the fluid.
In terms of end-use, the overall lacrimal devices market is bifurcated into diagnostic centers, ophthalmic clinics, hospitals, and others. Diagnostic centers end-use segment accounted for revenue share of nearly $15.4 million in 2019 and will continue to showcase remunerative trend over the coming years.
From a regional frame of reference, Latin America lacrimal devices market will reach approximately $22.7 million by the end of the analysis timeline. Middle East & Africa lacrimal devices market will witness substantial growth over the coming years. The region in 2019 generated revenue of nearly $10.7 million. The lacrimal devices market is slated to witness high growth across Saudi Arabia owing to the rising prevalence of eye diseases such as glaucoma, cataract, and trachoma among many others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook