Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Competitive Landscape 2024-2033 – Major Players and Strategies
Minimally invasive glaucoma surgery (MIGS) devices are medical instruments designed to lower intraocular pressure (IOP) in patients with glaucoma through less invasive surgical techniques compared to traditional glaucoma surgeries. These devices aim to reduce the risk of complications, shorten recovery time, and improve patient outcomes by offering a safer and less invasive option for patients needing surgical intervention to manage their condition.
Sizing and Forecast
The minimally invasive glaucoma surgery (MIGS) devices market size has grown
exponentially in recent years. It will grow from $0.55 billion in 2023 to $0.70
billion in 2024 at a compound annual growth rate (CAGR) of 27.8%. The growth in the historic period can be
attributed to increased awareness for the prevention of blindness, increased
investments in healthcare infrastructure, increased patient awareness
surrounding advanced corrective vision treatments, rise in awareness
surrounding advanced corrective vision treatments, increased government
initiatives.
The minimally invasive glaucoma surgery (MIGS) devices market size is expected
to see exponential growth in the next few years. It will grow to $1.89 billion
in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be
attributed to increasing prevalence of eye disorders like glaucoma, rise in
geriatric population, growing healthcare infrastructure, growing need for safer
and more efficient treatment. Major trends in the forecast period include
adoption of MIGS devices, advancements in technology, development of innovative
minimally invasive glaucoma surgery devices, development of advanced
implantable devices, advances in ophthalmic technology.
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Segmentation & Regional Insights
The minimally invasive glaucoma surgery (MIGS) devices market covered in this
report is segmented –
1) By Product: Valves, Glaucoma Drainage Implant, Glaucoma Tube Shunts, Stents,
Other Products
2) By Surgery: Glaucoma In Conjunction With Cataract, Stand Alone Glaucoma
3) By Target: Trabecular Meshwork, Suprachoroidal Space, Other Targets
4) By Distribution Channel: Direct Tender, Retail Sales
5) By End User: Ophthalmology Clinics, Ambulatory Surgery Centers (ASCS), Other
End Users
North America was the largest region in the minimally invasive glaucoma surgery
(MIGS) devices market in 2023. Asia Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in the
minimally invasive glaucoma surgery (MIGS) devices market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East and
Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of eye disorders is expected to propel the growth of
minimally invasive glaucoma surgery (MIGS) devices going forward. Eye disorders
encompass a wide range of conditions that affect the eyes and vision. The
prevalence of eye disorders is increasing due to lifestyle changes,
environmental influences, and aging populations. Minimally invasive glaucoma
surgery (MIGS) devices are innovative tools utilized in managing various eye
diseases, primarily focusing on reducing intraocular pressure (IOP) to prevent
or control glaucoma progression. For instance, in 2024, according to the
National Eye Institute, a US-based government agency, around 2.2 million
Americans will be blind or partially blind by 2030. Therefore, the increasing
prevalence of eye disorders drives the minimally invasive glaucoma surgery
(MIGS) devices market.
Key Industry Players
Major companies operating in the minimally invasive glaucoma surgery (MIGS)
devices market are AbbVie Inc., Novartis AG, Alcon Inc., Bausch Health
Companies Inc., Bausch & Lomb Incorporated Inc., Carl Zeiss Meditec AG,
Santen Pharmaceutical Co. Ltd., Johnson & Johnson Vision Care Inc., Lumenis
Ltd., Staar Surgical Company, Glaukos Corporation, Sight Sciences Inc., Ocular
Therapeutix Inc., Iridex Corporation, Ellex Medical Lasers Ltd., New World
Medical Inc, MicroSurgical Technology Inc., Nova Eye Medical Limited, Asico
LLC, Ziemer Ophthalmic Systems AG, Transcend Medical, iSTAR Medical SA, Ivantis
Group Inc., Allergan, InnFocus Inc.
The minimally invasive glaucoma surgery (migs) devices market report table of
contents includes:
1. Executive Summary
2. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
Characteristics
3. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
Trends And Strategies
4. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market -
Macro Economic Scenario
5. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices
Market Size and Growth
.
.
.
32. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
Competitive Benchmarking
33. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices
Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Minimally Invasive
Glaucoma Surgery (MIGS) Devices Market
35. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
Future Outlook and Potential Analysis
36. Appendix
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