The implantable glaucoma device market is witnessing rapid growth as these devices are increasingly adopted for the treatment of glaucoma, a leading cause of blindness worldwide. Implantable glaucoma devices are designed to regulate intraocular pressure (IOP) in patients, offering long-term management of glaucoma, particularly in individuals who are refractory to conventional therapies. The market for these devices is expected to expand steadily due to the rising prevalence of glaucoma, aging populations, and advances in medical technology.
The global implantable glaucoma device market is anticipated to grow at a compound annual growth rate (CAGR) of 7% to 9% over the forecast period. The market’s growth is being driven by increasing awareness of glaucoma, technological advancements in medical devices, and rising healthcare expenditures, especially in emerging economies. The demand for minimally invasive surgeries is also contributing to the rising adoption of these devices.
The implantable glaucoma device market is segmented based on the type of drainage mechanism used to regulate intraocular pressure:
The implantable glaucoma device market is also segmented based on its application in various healthcare settings:
Several major companies are active in the implantable glaucoma device market, contributing to the development and commercialization of new devices:
The implantable glaucoma device market is expected to grow in various regions at differing rates:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook