Europe Glaucoma Surgery Devices Market Size & Outlook
Europe glaucoma surgery devices market, 2018-2030 (US$M)
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Europe glaucoma surgery devices market highlights
- The Europe glaucoma surgery devices market generated a revenue of USD 410.7 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 410.7 million |
| Market revenue in 2030 | USD 554.4 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Glaucoma drainage device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 24.7% of the global glaucoma surgery devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 477.2 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.56% in 2023. Horizon Databook has segmented the Europe 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.
Increasing prevalence of diabetes and rising awareness about diabetes management & control are expected to contribute to the growth of this market over the forecast period. According to the International Diabetes Federation report (2021), approximately 61 million people in Europe suffer from diabetes, which accounts for around 1 in 11 adults.
The Russian Federation, Germany, Turkey, Spain, and Italy are the top five countries in the European region with a high prevalence of diabetes. The glaucoma surgery devices market in Europe is smaller than in North America, with some European countries exhibiting less than 5% market penetration.
The difference in the market size of the two regions can be attributed to unfavorable reimbursement policies, market access issues, and a lack of trained professionals in many European countries.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe glaucoma surgery devices market size, by country, 2018-2030 (US$M)
Europe Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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