Global Punctal Plug Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Punctal Plug Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A punctal plug, also known as tear duct plug or lacrimal plug, is a small medical device that is inserted into the tear duct (puncta) of an eye to block the duct. This prevents the drainage of liquid from the eye. They are used to treat dry eye. Artificial tears are usually still required after punctal plug insertion.

Market Overview:

The latest research study on the global Punctal Plug Devices market finds that the global Punctal Plug Devices market reached a value of USD 53.36 million in 2022. It’s expected that the market will achieve USD 72.0 million by 2028, exhibiting a CAGR of 5.12% during the forecast period.

Punctal Plug Devices Market Trends

The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Katena Products (EagleVision) is one of the major players operating in the Punctal Plug Devices market, holding a share of 16.22% in 2020.

Katena Products, Inc., headquartered in Parsippany, NJ, is an innovation-driven, medical technology company serving the eye care community. Founded in 1975 as a premier provider of ophthalmic instruments for surgical and in-office applications, Katena has maintained its quality standards while expanding its product portfolio to include biologics, diagnostic lenses, punctum plugs, and devices for glaucoma and corneal surgery.

Surgical Specialties Corporation

Offering one of the most comprehensive portfolios of high performance surgical knives, blades and sutures available, including innovative products such as the Quill™ Knotless Tissue-Closure Device, the company devotes itself to exceeding the needs of the specialty surgery market, having trusted partnerships within dental, ophthalmic, plastic surgery, dermatology, orthopedics, urology, microsurgery, veterinary and trauma specialties.

Segmentation Overview:

Among different product types, Temporary Punctal Plugs segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Punctal Plug Devices market covered in Chapter 3:

Lacrivera
Surgical Specialties Corporation
Oasis Medical
Medennium
Lacrimedics, Inc.
Katena Products (EagleVision)
Beaver-Visitec International
FCI

In Chapter 4 and Chapter 14.2, on the basis of types, the Punctal Plug Devices market from 2018 to 2029 is primarily split into:

Temporary Punctal Plugs
Permanent Punctal Plugs

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Punctal Plug Devices market from 2018 to 2029 covers:

Hospitals
Clinics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)