PUBLISHER: The Business Research Company | PRODUCT CODE: 1717023
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717023
Glaucoma drainage devices are surgical implants designed to lower intraocular pressure in patients with glaucoma. These devices facilitate controlled outflow of aqueous humor from the eye, helping to prevent optic nerve damage. They are typically used when other treatments, such as medications or laser therapy, are not effective.
The primary types of glaucoma drainage devices are valved and non-valved glaucoma drainage devices. Valved glaucoma drainage devices are implantable devices that feature a one-way valve, which regulates the flow of aqueous humor to reduce intraocular pressure (IOP) in patients with refractory glaucoma. These devices help minimize the risk of hypotony. They are used in various types of surgeries, including conventional glaucoma surgery and minimally invasive glaucoma surgery, and are utilized by end users such as hospitals, specialty clinics, ambulatory surgical centers, and other healthcare settings.
The glaucoma drainage devices market research report is one of a series of new reports from The Business Research Company that provides glaucoma drainage devices market statistics, including the glaucoma drainage devices industry global market size, regional shares, competitors with the glaucoma drainage devices market share, detailed glaucoma drainage devices market segments, market trends, and opportunities, and any further data you may need to thrive in the glaucoma drainage devices industry. These glaucoma drainage devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The glaucoma drainage devices market size has grown rapidly in recent years. It will grow from $0.81 billion in 2024 to $0.90 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth observed during the historic period can be attributed to factors such as the increasing prevalence of diabetes, a rising geriatric population, a growing number of hospitals, and expanding government initiatives, along with increased disposable income.
The glaucoma drainage devices market size is expected to see rapid growth in the next few years. It will grow to $1.32 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth anticipated during the forecast period can be attributed to factors such as the increasing prevalence of glaucoma conditions, a rise in clinical trials, growing healthcare expenditure, the shift toward personalized treatment approaches, and the increasing impact of lifestyle disorders. Key trends expected during this period include advancements in minimally invasive glaucoma surgery, innovations in microstents and nanotechnology, progress in biocompatible materials, and a growing trend toward combining glaucoma drainage devices with adjustable and refillable drainage systems.
The growing incidence of glaucoma is expected to drive the expansion of the glaucoma drainage devices market in the future. Glaucoma refers to a range of eye diseases that damage the optic nerve, often due to elevated intraocular pressure, which can lead to vision loss if not treated. The increasing number of glaucoma cases can be attributed to factors such as an aging population, urbanization, and changing lifestyles. Glaucoma drainage devices assist in managing intraocular pressure in cases of refractory glaucoma by promoting the outflow of aqueous humor when traditional treatments are ineffective. For example, in March 2022, the Glaucoma Research Foundation, a US-based research organization, reported that approximately 80 million people worldwide are affected by glaucoma. Alarmingly, nearly half of these individuals are unaware of their condition. In the U.S., more than 3 million people are living with glaucoma, with a significant portion of them undiagnosed. Thus, the rising prevalence of glaucoma is fueling the growth of the glaucoma drainage devices market.
Leading companies in the glaucoma drainage devices market are focusing on developing advanced canal-based surgical devices to provide minimally invasive treatment options and meet the rising demand for safer and more effective therapies. Canal-based glaucoma surgery devices are implants that target the Schlemm's canal to improve aqueous humor drainage, thereby lowering intraocular pressure (IOP). This helps manage glaucoma by addressing the root cause of the disease's progression. For example, in March 2023, Nova Eye Medical Limited, an Australian manufacturer of glaucoma devices, obtained clearance for its iTrack Advance canaloplasty device. This cutting-edge device is designed for microcatheterization and viscodilation to reduce IOP in adult patients with primary open-angle glaucoma. The iTrack Advance features an ergonomic handpiece and advanced technology to enhance surgical efficiency, and it is suitable for both standalone procedures and those performed alongside cataract surgery.
In October 2022, Alcon Inc., an ophthalmology company based in Switzerland, acquired Ivantis, Inc. for an undisclosed amount. This acquisition is anticipated to enhance Alcon's presence in the glaucoma market and extend the global reach of its Hydrus Microstent. Ivantis, Inc. is a US-based producer of glaucoma drainage devices, including the Hydrus Microstent.
Major players in the glaucoma drainage devices market are AbbVie Inc., Alcon Inc., Johnson And Johnson Vision Care Inc., Santen Pharmaceutical Co. Ltd., Glaukos Corporation, Ocular Therapeutix Inc., IRIDEX Corporation, New World Medical Inc., Ivantis Inc., iSTAR Medical, Nova Eye Medical Limited, Altomed, Aurolab, G.surgiwear Limited, Eagle Vision Inc., Advanced Ophthalmic Innovations Pte Ltd., Avisi Technologies Inc., iVeena Delivery Systems, Optonol Ltd., and Rheon-medical.
North America was the largest region in the glaucoma drainage devices market in 2024. The regions covered in glaucoma drainage devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the glaucoma drainage devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The glaucoma drainage devices market consists of sales of glaucoma valves, drainage tubes, and associated medical accessories or tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Glaucoma Drainage Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on glaucoma drainage devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for glaucoma drainage devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The glaucoma drainage devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.