Australia Glaucoma Surgery Devices Market Size & Outlook
Australia glaucoma surgery devices market, 2018-2030 (US$M)
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Australia glaucoma surgery devices market highlights
- The Australia glaucoma surgery devices market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 32.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Glaucoma drainage device is the most lucrative product segment registering the fastest growth during the forecast period.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 22.8 million |
| Market revenue in 2030 | USD 32.5 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Glaucoma drainage device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Punches, USC maker, USC planner, USC shaver, Forceps, Algerbrush, Probes, Diamond knives, Glaucoma drainage device, Laser system |
| Key market players worldwide | Alcon Inc, Glaukos Corp, Johnson & Johnson, AbbVie Inc, Carl Zeiss Meditec AG, Lumenis, Ziemer Ophthalmic Systems, IRIDEX Corp, Corza Health, Katalyst Surgical, Altomed |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global glaucoma surgery devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 76.5 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.63% in 2023. Horizon Databook has segmented the Australia glaucoma surgery devices market based on punches, usc maker, usc planner, usc shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system covering the revenue growth of each sub-segment from 2018 to 2030.
With ongoing developments in medical technology, rising burden of chronic diseases, aging population, growing income, and shifting consumer expectations, it is anticipated that the demand for medical applications, including glaucoma devices, will increase for all age groups. Australians have one of the highest life expectancies in the world, ranking sixth among OECD nations.
Rising investments by government organizations and market players in the country for glaucoma surgery devices are expected to boost the demand for the raw materials required.Hence, several companies are launching innovative products and partnering with manufacturers to offer technologically advanced products.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Australia Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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