Latin America Glaucoma Surgery Devices Market Size & Outlook
Latin America glaucoma surgery devices market, 2018-2030 (US$M)
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Latin America glaucoma surgery devices market highlights
- The Latin America glaucoma surgery devices market generated a revenue of USD 179.8 million in 2023.
- The market is expected to grow at a CAGR of 4.2% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 179.8 million |
| Market revenue in 2030 | USD 239.8 million |
| Growth rate | 4.2% (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, Latin America region accounted for 10.8% 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 27.64% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America glaucoma surgery devices market is primarily driven by Brazil, Mexico, Argentina, and Colombia. Growing investments by market players in the region, proximity to North America, and freetrade agreements with major countries, such as the U.S., Canada, Japan, & several European countries, are anticipated to boost the Latin America market during the forecast period.
Latin America consists of countries that have large populations, and the majority of these countries are in economic transition. This region has a younger age distribution in comparison to North America and a growing population has been diagnosed with type I and type II diabetes. In 2021, mortality rates due to diabetes in the region were 410,000.
Increasing awareness in the region about the disease has led to a substantial number of diagnosed numbers escalating the demand for devices. Major investments by key market players in the emerging economy and presence of a large target population are factors expected to drive market growth. However, low affordability of advanced technologies by end users may hinder market growth in the region.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America glaucoma surgery devices market size, by country, 2018-2030 (US$M)
Latin America Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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