South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 15.0% from 2024 to 2030.
The South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market has witnessed substantial growth in recent years, driven by the increasing demand for advanced glaucoma treatments. MIGS devices, designed to alleviate intraocular pressure with minimal tissue disruption, are gaining popularity due to their improved safety profiles and faster recovery times compared to traditional glaucoma surgeries. This market is poised for further expansion, influenced by technological advancements, rising healthcare awareness, and growing geriatric populations requiring glaucoma management.
The key types of MIGS devices currently shaping the market include stents, ablation systems, and drainage devices. Among these, stents are the most widely used, particularly the micro stents, as they are minimally invasive and offer enhanced control over intraocular pressure. The ablation systems, which use lasers to treat glaucoma, are also gaining momentum in the market. These systems are favored for their precision and effectiveness in treating various stages of glaucoma. Additionally, drainage devices, designed to improve the outflow of aqueous humor from the eye, are another critical part of the MIGS market, with various options available to cater to patient-specific needs.
Industries in South Korea are pushing the adoption of MIGS devices to meet the increasing demand for minimally invasive, effective, and low-risk treatments. As the country’s healthcare sector continues to innovate, the adoption of MIGS devices is being driven by both public and private healthcare providers striving to enhance patient outcomes. Medical professionals are adopting these devices to offer a better quality of life to glaucoma patients, particularly as the aging population grows, which increases the prevalence of the condition. Moreover, the ease of use and shorter recovery times make MIGS procedures increasingly popular in the medical community.
The South Korea MIGS devices market is also experiencing growth due to the country’s robust healthcare infrastructure, which is known for its high-tech hospitals and widespread accessibility. The country’s medical technology sector has become a global hub for research and development, attracting international investments. In line with global trends, South Korea's healthcare industry is expected to continue its shift toward minimally invasive treatments, with MIGS devices playing a central role in this transition.
As the demand for innovative glaucoma treatments rises, manufacturers are constantly developing more advanced MIGS devices to cater to evolving clinical needs. This ongoing innovation is expected to not only improve treatment outcomes but also contribute to a healthier, aging population in South Korea. The MIGS devices market remains a critical area of focus for healthcare providers, researchers, and medical device manufacturers alike.
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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
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 South Korea 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea 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. South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Type
6. South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Application
7. South Korea Micro Invasive Glaucoma Surgery (MIGS) Devices Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea 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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