About Minimally Invasive Glaucoma Surgery (MIGS) Devices
The minimal invasive glaucoma surgery (MIGS) procedures are expected to grow in the future due to an increase in the demand for surgery devices and government support such as favorable reimbursement policies and foreign direct investment provisions. High demand for minimally invasive glaucoma surgery devices due to various benefits such as reduced surgery time, shorter recovery period, affordability, and low risk of post-surgical complications, including hypotony. The surge in the number of glaucoma care initiatives conducted by the government and several non-governmental organizations is expected to have a positive impact on the adoption of advanced devices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Minimally Invasive Glaucoma Surgery (MIGS) Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcon Inc. (Switzerland), Ellex Medical Lasers Ltd. (Australia), Glaukos Corporation (United States), Allergan Plc (United States), Santen Pharmaceutical Co., Ltd. (Japan), Lumenis (United States), Ivantis, Inc. (United States), SOLX, Inc (United States), iSTAR Medical (Belgium), InnFocus Inc. (United States), Bausch & Lomb Inc. (United States) and Neomedix Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Topcon Corporation (Japan), New World Medical, Inc (United States), Carl-Zeiss AG (Germany), IOPtima (Israel) and Abbott Medical Optics, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Minimally Invasive Glaucoma Surgery (MIGS) Devices market by and Region.
On the basis of geography, the market of Minimally Invasive Glaucoma Surgery (MIGS) Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Minimally Invasive Glaucoma Surgery (MIGS) Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increase in Focus of Key Players in the Development of MIGS Stents and Rise in the Demand for Combined Glaucoma and Cataract Surgeries
Market Growth Drivers:
Increased Number of Minimally Invasive Surgery Performed Around the Glob and High Benefits of Minimally Invasive Surgeries
Challenges:
Dearth of skilled professionals and Lack of Awareness about Glaucoma and Its Treatment Procedures in Underdeveloped Countries
Restraints:
Reimbursement Barriers regarding MIGS Devices and Availability of alternative treatment methods
Opportunities:
Increased Research and Development Activities, Growth Opportunities in Emerging Markets and Growing Public-Private Initiatives to Support Research Activities on Minimally Invasive Surgical Instruments
Market Leaders and their expansionary development strategies
On January 19, 2023, Alcon announced the acquisition of the MINIject Minimally Invasive Glaucoma Surgery (MIGS) device from NENTX. The MINIject is a microimplant designed to reduce intraocular pressure (IOP) in patients with glaucoma. The acquisition is expected to expand Alcon's portfolio of glaucoma treatment options and strengthen its position in the growing MIGS market.
On March 15, 2021, Ivantis, Inc. launched the Hydrus MicroStent, a second-generation trabecular micro-bypass stent designed to improve aqueous outflow in mild to moderate glaucoma patients.
Key Target Audience
Manufacturers of Minimally Invasive Glaucoma Surgery (MIGS) Devices, Suppliers of Minimally Invasive Glaucoma Surgery (MIGS) Devices, Wholesalers, Distributors, and Retailers of Minimally Invasive Glaucoma Surgery (MIGS) Devices, Healthcare Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.