Italy Glaucoma Surgery Devices Market Size & Outlook
Italy glaucoma surgery devices market, 2018-2030 (US$M)
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Italy glaucoma surgery devices market highlights
- The Italy glaucoma surgery devices market generated a revenue of USD 36.8 million in 2023 and is expected to reach USD 49.8 million by 2030.
- The Italy 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.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 36.8 million |
| Market revenue in 2030 | USD 49.8 million |
| Growth rate | 4.4% (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, Italy accounted for 2.2% 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 Europe, UK glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 64.1 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.72% in 2023. Horizon Databook has segmented the Italy 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 presence of well-developed healthcare services in Italy is one of the major driving factors for market growth. The National Health Service (NHS) covers all citizens and foreign residents for healthcare services. For instance, as per Commonwealth Fund, public financing in Italy accounted for 75.8% of total health spending.
In addition, an increase in the prevalence of diabetes in Italy is expected to drive the market. According to International Diabetes Federation, the prevalence of diabetes in Italy is 8.3% of the total population. The government of Italy is the primary purchaser of medical devices in the country. Public hospitals account for around 75% of sales of medical devices, while the remaining 25% of sales are made to the private sector.
The healthcare system of Italy is a region-based national health service that provides universal coverage, almost free of charge, at the point of delivery. Italy’s glaucoma surgery devices market is expanding, and there are numerous opportunities for U.S. companies. Medical devices, including glaucoma devices, are among the best revenue generators in the country.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Italy Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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