UK Glaucoma Surgery Devices Market Size & Outlook
UK glaucoma surgery devices market, 2018-2030 (US$M)
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UK glaucoma surgery devices market highlights
- The UK glaucoma surgery devices market generated a revenue of USD 71.9 million in 2023 and is expected to reach USD 94.7 million by 2030.
- The UK market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Laser system 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 71.9 million |
| Market revenue in 2030 | USD 94.7 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Laser system |
| 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, UK accounted for 4.3% 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 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 27.82% in 2023. Horizon Databook has segmented the UK 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 UK has a universal healthcare system where most of the population is covered under free healthcare services offered by national healthcare centers. Increasing geriatric population in the UK is anticipated to boost the market. For instance, according to the House of Commons Library, nearly one-fifth (12.3 million people or 19%) of the UK population was aged 65 years or above in 2019.
Moreover, the older population is projected to grow rapidly, accounting for up to 24% of the total population by 2043. As the geriatric population is more prone to diabetes and related disorders, the market is expected to grow significantly during the forecast period. The UK has several small- and medium-sized companies that significantly contribute to the economy.
The turnover from these companies is valued at about 99.5% of all businesses currently operating in the UK. The country has a reputation for quality solutions. Hence, in-house manufactured medical devices are anticipated to witness significant demand in the coming years.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK glaucoma surgery devices market size, by product, 2018-2030 (US$M)
UK Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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