China Glaucoma Surgery Devices Market Size & Outlook
China glaucoma surgery devices market, 2018-2030 (US$M)
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China glaucoma surgery devices market highlights
- The China glaucoma surgery devices market generated a revenue of USD 82.3 million in 2023 and is expected to reach USD 116.5 million by 2030.
- The China market is expected to grow at a CAGR of 5.1% 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 82.3 million |
| Market revenue in 2030 | USD 116.5 million |
| Growth rate | 5.1% (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, China accounted for 5.0% 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 27.83% in 2023. Horizon Databook has segmented the China 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.
The regulatory process for product approvals is comparatively less stringent in China, facilitating easy entry of advanced products into the market. In addition, availability of resources enables technological advancements at cheaper costs, which has led to an increase in the number of manufacturing facilities in the country.
In addition, China released Order 650 (former Order 276), Regulations for the Supervision and Administration of Medical Devices, to restrict foreign investment in the country, primarily to protect local medical device manufacturers. Hence, the number of local manufacturers is anticipated to increase, owing to which the market is expected to grow over the forecast period.
Companies interested in entering China should recognize that they must overcome existing barriers in an ambiguous and changing regulatory environment. The country also offers high potential for U.S. companies interested in expanding and entering the China glaucoma surgery devices market.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China glaucoma surgery devices market size, by product, 2018-2030 (US$M)
China Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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