North America Glaucoma Surgery Devices Market Size & Outlook
North America glaucoma surgery devices market, 2018-2030 (US$M)
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North America glaucoma surgery devices market highlights
- The North America glaucoma surgery devices market generated a revenue of USD 619.6 million in 2023.
- The market is expected to grow at a CAGR of 4.7% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 619.6 million |
| Market revenue in 2030 | USD 856.8 million |
| Growth rate | 4.7% (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, North America region accounted for 37.3% 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 27.78% in 2023. Horizon Databook has segmented the North 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.
North America dominated the glaucoma surgery devices market in 2022 with the largest market share and is expected to maintain its dominance during the forecast period. Major factors contributing to the growth of this region include increasing geriatric population, growing burden of diabetes due to lifestyle changes, rising prevalence of obesity, and high cost of treatment.
According to American Diabetes Association, in 2021, the North America and Caribbean region had the highest expenditure for diabetes of around USD 415 billion, which accounted for around 43% of global expenditure.
Furthermore, the adoption of smart diabetes devices and technologically advanced devices, such as Artificial Intelligence (AI) & data analytics, are driving the market. According to the International Diabetes Federation, one in eight adults suffers from impaired blood glucose tolerance. This ratio is expected to increase further during the forecast period.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America glaucoma surgery devices market size, by country, 2018-2030 (US$M)
North America Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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