India Glaucoma Surgery Devices Market Size & Outlook
India glaucoma surgery devices market, 2018-2030 (US$M)
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India glaucoma surgery devices market highlights
- The India glaucoma surgery devices market generated a revenue of USD 53.0 million in 2023 and is expected to reach USD 76.5 million by 2030.
- The India market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Diamond knives 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 53.0 million |
| Market revenue in 2030 | USD 76.5 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Diamond knives |
| 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, India accounted for 3.2% 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 27.74% in 2023. Horizon Databook has segmented the India 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 prevalence of diabetes in India has reached 40.30%, which is expected to boost the demand for glaucoma surgery devices. Furthermore, advancements in healthcare facilities in India have led to an increase in patient volume. According to the Report of the Technical Group on Population Projections for India 2011 – 2036, there were around 138 million geriatric citizens in India in 2021.
Hence, chronic disease burden and increasing geriatric population are expected to drive the market over the forecast period. Several diabetes device manufacturers are setting up new manufacturing facilities in India owing to favorable regulatory environment and high population.
The presence of several local players in India also aids in securing the market position. Hence, several companies are entering into partnerships and collaborations in the region to gain a competitive advantage.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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India glaucoma surgery devices market size, by product, 2018-2030 (US$M)
India Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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