Brazil Glaucoma Surgery Devices Market Size & Outlook
Brazil glaucoma surgery devices market, 2018-2030 (US$M)
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Brazil glaucoma surgery devices market highlights
- The Brazil glaucoma surgery devices market generated a revenue of USD 63.1 million in 2023 and is expected to reach USD 86.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% 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 63.1 million |
| Market revenue in 2030 | USD 86.2 million |
| Growth rate | 4.6% (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, Brazil accounted for 3.8% 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 Latin America, Brazil glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 86.2 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.73% in 2023. Horizon Databook has segmented the Brazil 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.
An increase in medical tourism and availability of advanced treatments at affordable cost are the major driving factors for the market. Moreover, a well-defined regulatory framework set by health agencies, such as Brazilian Health Regulatory Agency (ANVISA), and availability of experienced professionals are some of the major factors fueling the demand for glaucoma surgery device products.
Government programs and presence of notable private insurance coverage are expected to further drive the market in Brazil over the forecast period. The demand for advanced devices and other home health applications for diabetes in Brazil is high.
People in Brazil consider using devices manufactured in the U.S., Europe, and Canada. However, they prefer domestic applications because of low costs. Manufacturing costs in Brazil are lower than that in developed countries, attracting several market players for investment.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Brazil Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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