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Glaucoma Surgical Devices Market To Reach Worth US$ 556.7 Mn By 2025

According to the latest report published by Credence Research, Inc. “Glaucoma Surgical Devices Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global glaucoma surgical devices market was valued at US$ 246.7 Mn in 2016, and is expected to reach US$ 556.7 Mn by 2025, expanding at a CAGR of 9.3% from 2017 to 2025.

The purpose of the report is to illustrate the state of the market of Glaucoma Surgical Devices, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

Browse here for full report: https://www.credenceresearch.com/report/glaucoma-surgical-devices-market

Market Insights

Glaucoma surgery is currently evolving with introduction of several new devices and those in pipeline have continued to address the focus on safety of glaucoma surgery. There has also been a trend being witnessed demonstrating performing cataract surgery in conjunction with glaucoma surgery with the minimal use of additional anesthesia and lesser scope for refractive error. Historically, glaucoma surgery had lacked innovation as against the other ophthalmic surgical procedures. For the past several years, trabeculectomy has been the gold standard for glaucoma surgery despite the associated risks and outcome unpredictability. However, with the introduction of canaloplasty, the trend of less invasive procedures took pace, thus driving the glaucoma surgical devices market towards growth.

Growing prevalence of diabetes, eye disorders such as macular degeneration, aging population and growing government initiatives are observed to be the drivers of the global glaucoma surgical devices market. Increasing pool of geriatric population has been a prominent market driver, while corresponding to early disease diagnosis and treatment. As the global aging population and diabetic patient pool is perpetually increasing, it is anticipated that the future of glaucoma surgical devices market is ensured steady growth.

Among the considered device types, glaucoma drainage devices is the largest revenue generating segment and will continue to dominate the market through the forecast period. Extensive use of these devices in glaucoma treatment and easy access are the key factors supporting the dominance of this segment. However, association with some critical post-operative complications and higher preference for pharmacological approach may hold back the growth of this market.

Geographically, North America and Europe cumulatively dominate the global glaucoma surgical devices market. Highest prevalence of diabetes, corresponding existence of evolved healthcare infrastructure, and better reimbursement setting majorly contribute to the leading position of these regions. Additionally, domicile of market incumbents in the U.S. and Western Europe further facilitates early adoption of novel treatment solutions in the regions. On the other hand, evolution of healthcare infrastructure through government policies and increase in healthcare expenditure, diabetic patient pool and growing awareness makes Asia Pacific the most lucrative and fastest growing regional market for glaucoma surgical devices.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Glaucoma Surgical Devices buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Glaucoma Surgical Devices contains:

Analysis and forecast of Glaucoma Surgical Devices market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Glaucoma Surgical Devices market;

Assessment and forecast of Glaucoma Surgical Devices market development;

Financial and business profiles of the leading companies in the Glaucoma Surgical Devices industry.

Scope

– Up to date working Glaucoma Surgical Devices data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Glaucoma Surgical Devices for the period 2018 to 2026

– Planned Glaucoma Surgical Devices additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Glaucoma Surgical Devices projects by region, key countries, and companies

– Details of major planned Glaucoma Surgical Devices projects in the world up to 2026

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/58591

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