Opportunity Analysis and Industry Forecast, 2016-2023
Introductionof MIGS Devices Market
The global minimally invasive glaucoma surgery (MIGS) devices market was valued at $144 million in 2016, and is projected to reach $912 million by 2023, growing at a CAGR of 30.1% from 2017 to 2023. The glaucoma in conjunction with cataract surgery segment accounted for three-fifths share of the market in 2016. Minimally invasive glaucoma surgery (MIGS) devices are employed in the treatment of glaucoma to provide a safer and less invasive means of reducing intraocular pressure (IOP) as compared to conventional glaucoma surgery devices. MIGS devices are anticipated to become a preferred surgical modality in near future for the treatment of glaucoma as it reduces dependency on topical medications as well as gets rid of complications associated to traditional procedures.
Introductionof MIGS Devices Market Scope of the Report
Key Benefits Key Audiences
Key Benefits • The MIGS stents generated the highest revenue in 2016, and is anticipated to do so throughout the forecast period, registering a CAGR of 27.1% from 2017 to 2023. • Eye hospitals dominated the market, accounting for maximum share in 2016 and is expected to witness a CAGR of 26.3% from 2017 to 2023. • North America dominated the global minimally invasive glaucoma surgery (MIGS) market, accounting for maximum share in 2016 and is expected to retain the same trend during 2017 to 2023. • The MIGS shunts product segment is expected to witness the highest growth rate during the forecast period. • Japan accounted for one-fourth share of the Asia-Pacific minimally invasive glaucoma surgery (MIGS) devices market in 2016.
Table of Content (TOC) Chapter: 1 Introduction Chapter: 2 Executive Summary Chapter: 3 Market Overview Chapter: 4 Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, By Surgery Chapter: 5 Minimally Invasive Glaucoma Target (MIGS) Devices Market, By Target
Chapter: 6 Minimally Invasive Glaucoma Product (MIGS) Devices Market, By Product Chapter: 7 Minimally Invasive Glaucoma End User (MIGS) Devices Market, By End User
Chapter: 8 Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, By Region
Segments MIGS Devices Market
Segments MIGS Devices Market
Segments MIGS Devices Market
MIGS Devices Market Rise in incidence of glaucoma across the globe, reoccurrence of glaucoma along with other eye disorders, and increase in preference for ab interno approach for the treatment of glaucoma propels the market growth. Geriatric population is prone to glaucoma such as mild to moderate glaucoma conditions, primary angle-closure glaucoma, and secondary angle-closure glaucoma, which is set to drive the growth of this market. Ineffective drug delivery witnessed in the glaucoma medication has propelled the transition of glaucoma treatment from medication to minimally invasive glaucoma surgery (MIGS) devices, thereby augmenting the market growth. Garima Chandra Research Analyst, Healthcare at AMR.
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