Middle East & Africa Glaucoma Surgery Devices Market Size & Outlook
Middle East & Africa glaucoma surgery devices market, 2018-2030 (US$M)
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MEA glaucoma surgery devices market highlights
- The MEA glaucoma surgery devices market generated a revenue of USD 116.7 million in 2023.
- The market is expected to grow at a CAGR of 3.5% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 116.7 million |
| Market revenue in 2030 | USD 148.7 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Diamond knives |
| 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, MEA region accounted for 7.0% 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 27.51% in 2023. Horizon Databook has segmented the Middle East & Africa 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 glaucoma surgery devices market in MEA is expected to witness rapid growth due to increased prevalence of diabetes and rapidly aging population. According to the International Diabetes Federation, the Middle East accounted for the second-highest deaths due to diabetes among patients below 60 years. In addition, in 2021, IDF estimated that the current 24 million population with diabetes across the region is expected to increase by 134% by 2045.
Despite significant factors driving the penetration of digital patient monitoring devices, stringent regulatory framework and lack of proper reimbursement policies are anticipated to restrain the market growth. The prevalence of diabetes is increasing mainly due to unhealthy lifestyle and risk factors, such as obesity, genetics, lack of proper awareness, and high cost of care.
A sudden spike in the diabetic population was reported in the Middle East region. Studies suggest that Kuwait, Saudi Arabia, and Bahrain rank in the top 10 countries with the highest prevalence of diabetes in the world. Thus, extensive government policies and diabetic care plans are needed to reduce the prevalence in this region, thereby driving the adoption of glaucoma treatment options.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA glaucoma surgery devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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