Thailand Glaucoma Surgery Devices Market Size & Outlook
Thailand glaucoma surgery devices market, 2018-2030 (US$M)
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Thailand glaucoma surgery devices market highlights
- The Thailand glaucoma surgery devices market generated a revenue of USD 37.7 million in 2023 and is expected to reach USD 54.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.3% 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 37.7 million |
| Market revenue in 2030 | USD 54.0 million |
| Growth rate | 5.3% (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, Thailand accounted for 2.3% 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 27.85% in 2023. Horizon Databook has segmented the Thailand 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 rising incidence of diabetes and related injuries are major driving factors for the market. For instance, as per International Diabetes Federation in 2019, the prevalence of diabetes in adults was around 8.3% in Thailand in 2017.
Increasing healthcare expenditure in Thailand may also encourage major market players to enter the market, which is expected to grow significantly over the forecast period. The domestic consumption of medical devices is on the higher side in Thailand. This is due to the growth of medical services.
Medical devices, for example, are increasingly being designed and produced in Thailand, particularly single-use devices. Other advanced devices, such as diabetes devices, are imported. This is due to a lack of supply in domestic applications.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Thailand Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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