United States Micro Invasive Glaucoma Surgery (MIGS) Devices Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 15.2% from 2024 to 2030.
The US Micro Invasive Glaucoma Surgery (MIGS) Devices Market has witnessed remarkable growth in recent years, driven by increasing demand for less invasive and more effective treatments for glaucoma. MIGS procedures are designed to reduce intraocular pressure (IOP) by improving fluid drainage within the eye, offering patients a safer alternative to traditional glaucoma surgeries. With advancements in technology and growing acceptance among patients and healthcare providers, the market for MIGS devices has become highly competitive, with numerous companies developing innovative solutions to meet the diverse needs of the healthcare industry.
Key drivers of the Micro Invasive Glaucoma Surgery (MIGS) Devices Market include the rising prevalence of glaucoma and the growing awareness about the benefits of minimally invasive techniques. As the global aging population increases, the incidence of glaucoma is also on the rise, further boosting the demand for MIGS. The market is characterized by a variety of devices, including stents, implants, and microcatheters, each offering distinct advantages depending on the severity of the disease and the specific needs of the patient. These devices are designed to provide quicker recovery times and fewer complications compared to traditional surgeries, making them a preferred option for both patients and healthcare professionals.
The requirement from industries for MIGS devices is influenced by several factors. Manufacturers are focused on improving device efficiency, reducing costs, and meeting regulatory requirements. Healthcare providers seek devices that not only offer better patient outcomes but also enhance procedural efficiency. As the demand for these advanced treatments grows, the need for high-quality, cost-effective devices has never been greater. As a result, competition within the Micro Invasive Glaucoma Surgery (MIGS) Devices Market is fierce, with companies constantly striving to innovate and differentiate themselves in an ever-evolving landscape.
In terms of market segmentation, the US Micro Invasive Glaucoma Surgery (MIGS) Devices Market is categorized based on device types, surgical techniques, and end-users. Surgeons are particularly interested in devices that can offer precise control, quick recovery, and minimal side effects. Additionally, patients’ increasing preference for less invasive procedures has influenced the industry's direction, leading to the development of devices that cater to these needs. This evolving demand underscores the importance of ongoing research and development efforts to deliver effective solutions that will improve the quality of life for glaucoma patients.
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Glaukos Corporation
Ivantis
Allergan
Ellex
Alcon
BVI
Johnson and Johnson Surgical Vision
Microsurgical Technology
Iridex
New World Medical
Glaukos Corporation
Sight Scientific
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Micro Invasive Glaucoma Surgery (MIGS) Devices Market
Stents
Shunts
Laser devices
Other implantable devices
Trabecular Micro-bypass Surgery
Aqueous Drainage Devices
Gel implants
Other surgical techniques
Hospitals
Ambulatory Surgical Centers (ASCs)
Ophthalmology Clinics
Research and Academic Institutes
Primary Open-Angle Glaucoma
Angle Closure Glaucoma
Secondary Glaucoma
Other types of Glaucoma
Biocompatible materials
Silicone-based materials
Polymer-based materials
Metal-based materials
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Micro Invasive Glaucoma Surgery (MIGS) Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Micro Invasive Glaucoma Surgery (MIGS) Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Type
6. US Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Application
7. US Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Micro Invasive Glaucoma Surgery (MIGS) Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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