Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Size, Trends and Insights By Surgery (Glaucoma in Conjunction with Cataract, Stand Alone Glaucoma), By Target (Trabecular Meshwork, Suprachoroidal Space, Others), By Product (MIGS Stents, MIGS Shunts, Others), By End Users (Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Alcon Inc.
- Allergan (a part of AbbVie Inc.)
- Glaukos Corporation
- Ivantis Inc.
- New World Medical Inc.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market is expected to record a CAGR of 6.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 511.5 Million. By 2033, the valuation is anticipated to reach USD 871.5 Million.
The Minimally Invasive Glaucoma Surgery (MIGS) devices market focuses on surgical tools and technologies designed to treat glaucoma with minimal trauma and quicker recovery times compared to traditional procedures. These devices include microstents, shunts, and microcatheters that help reduce intraocular pressure in glaucoma patients.
Key drivers of this market include the increasing prevalence of glaucoma, advancements in surgical technology, patient preference for less invasive treatments, and supportive healthcare policies. The market has witnessed growth due to continuous R&D investments, innovative product launches, and the growing adoption of telemedicine for early diagnosis and patient management.
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Significant Growth Factors
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market presents significant growth opportunities due to several factors:
- Increasing Prevalence of Glaucoma: The rising incidence of glaucoma, especially among the aging population, is a primary driver. As one of the leading causes of blindness, the need for effective treatment options like MIGS is escalating.
- Technological Advancements: Continuous innovations in MIGS devices, such as the development of advanced stents and microcatheters, are improving surgical outcomes and safety, making these procedures more attractive to both patients and surgeons.
- Patient Preference for Minimally Invasive Procedures: Growing patient preference for minimally invasive options due to benefits such as reduced recovery times, fewer complications, and less postoperative pain is boosting the demand for MIGS devices.
- Supportive Government Initiatives and Healthcare Policies: Favorable policies, increased funding for glaucoma treatment, and initiatives aimed at improving early diagnosis and treatment accessibility are propelling market growth.
- Expansion in Emerging Markets: There is significant potential for growth in emerging markets where the prevalence of glaucoma is rising, and healthcare infrastructure is improving. Companies can tap into these markets by offering affordable and accessible MIGS solutions.
- Integration with Digital Health Technologies: The integration of MIGS devices with digital health technologies, such as telemedicine platforms and remote monitoring tools, presents an opportunity to enhance patient management, improve early diagnosis, and optimize treatment outcomes, driving further adoption of these devices.
- Development of Combination Therapies: There is an opportunity to develop and market combination therapies that integrate MIGS devices with pharmaceutical treatments. By offering comprehensive solutions that address multiple aspects of glaucoma management, companies can cater to a broader patient base and enhance the effectiveness of glaucoma treatment protocols, thereby driving market growth.
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Mergers and Acquisitions
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market include:
- In 2023, J&J Surgical Vision, Inc. and Alcon, Inc. settled their legal disputes related to femtosecond laser-supported cataract surgery devices through a settlement agreement. The terms of the agreement aim to resolve all pending litigation between the two companies.
- In 2022, Wenzel Spine, Inc. introduced the S-LIF Procedure, utilizing the VariLift-LX device, for Stand-alone Lumbar Interbody Fusion. This innovative minimally invasive surgical solution aims to address spinal disorders effectively, offering enhanced patient outcomes and surgical precision in lumbar fusion procedures.
- In 2022, Nexus Spine unveiled its Stable-C cervical interbody fusion implants, incorporating integrated anchoring blades. This advancement in biomechanically advanced solutions for spinal pathologies aims to improve stability and fusion outcomes in cervical spine surgeries, enhancing patient care and surgical efficacy.
These mergers and acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Minimally Invasive Glaucoma Surgery (MIGS) Devices Market | Label-free Array System Market | Inhalation CDMO Market |
| CAGR 6.2% (Approx) | CAGR 3.7% (Approx) | CAGR 5.9% (Approx) |
| USD 871.5 Million by 2033 | USD 2.6 Billion by 2033 | USD 12.6 Billion by 2033 |
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Significant Threats
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Competitive Market Dynamics: Intense competition among key players and new entrants could lead to price wars and margin pressure, affecting profitability and market stability.
- Regulatory Challenges: Stringent regulatory requirements for approval of MIGS devices can delay product launches and increase development costs, posing hurdles for market entry and growth.
- Limited Adoption by Ophthalmologists: Resistance or slow adoption of MIGS procedures by ophthalmologists due to training requirements, skepticism about efficacy, or preference for traditional treatments could hinder market expansion.
- Reimbursement Issues: Inadequate reimbursement policies or delays in reimbursement approvals for MIGS procedures may limit patient access and adoption, impacting market demand.
- Technological Risks and Device Failures: Risks associated with technology failures, device malfunctions, or adverse events during MIGS procedures could lead to safety concerns, regulatory scrutiny, and damage to market reputation.
Category-Wise Insights:
By Surgery
- Glaucoma in Conjunction with Cataract: MIGS devices used in conjunction with cataract surgery offer simultaneous treatment for both conditions, reducing intraocular pressure while improving vision. This integrated approach minimizes recovery time and complications, driving demand. Recent trends show increasing adoption of combined procedures due to aging populations and advancements in surgical techniques enhancing outcomes.
- Stand Alone Glaucoma: For standalone glaucoma treatment, MIGS devices offer less invasive options compared to traditional surgeries. These devices are designed to lower intraocular pressure effectively with fewer complications and faster recovery times. Trends indicate a growing preference for standalone MIGS procedures due to technological advancements, patient demand for minimally invasive treatments, and favorable reimbursement policies supporting market expansion.
By Target
- Trabecular Meshwork: The trabecular meshwork is a key target in MIGS, involving devices that bypass or enhance drainage through this structure to lower intraocular pressure. Trends include the development of microstents like iStent and Hydrus, which are designed to improve aqueous humor outflow while minimizing tissue damage, thereby offering effective and less invasive treatment options for glaucoma patients.
- Suprachoroidal Space: Devices targeting the suprachoroidal space aim to facilitate aqueous humor drainage and reduce intraocular pressure. Trends in this segment involve the development of micro-shunts and implants that redirect fluid to the suprachoroidal space, such as the CyPass Micro-Stent. These devices provide an alternative pathway for fluid drainage, offering promising options for managing glaucoma with minimal trauma and favorable outcomes.
- Others: Other target areas in the MIGS devices market include devices that work on novel mechanisms like subconjunctival drainage, scleral implants, and trans limbal approaches. These technologies aim to enhance the efficacy of glaucoma treatment by providing additional drainage pathways or improving fluid dynamics within the eye. Emerging trends focus on combining different approaches or integrating with digital health technologies to optimize patient outcomes and expand treatment options for glaucoma management.
By Product
- MIGS Stents: MIGS stents are microscale devices implanted into the eye’s natural drainage system to improve fluid outflow and reduce intraocular pressure in glaucoma patients. Trends include advancements in stent design for better efficacy and safety, such as smaller profiles and biocompatible materials, enhancing surgical outcomes and patient comfort.
- MIGS Shunts: MIGS shunts are small tubes or valves implanted to create a new drainage pathway for aqueous humor. Trends focus on developing shunts that minimize surgical trauma and complications while improving long-term pressure control. Innovations include adjustable flow devices and enhanced biocompatibility to optimize outcomes for glaucoma patients.
- Others: The “Others” category in MIGS includes various devices like microcatheters, laser systems, and combination treatments. Trends involve integrating these technologies with traditional MIGS approaches to enhance precision and effectiveness. Future developments aim at expanding treatment options, improving patient outcomes, and addressing specific challenges in glaucoma management, thereby broadening the scope of minimally invasive surgical interventions.
By End Users
- Eye Hospitals: Eye hospitals are major users of MIGS devices, equipped to handle complex glaucoma cases with advanced surgical facilities. Trends include increasing adoption of MIGS due to improved patient outcomes and technological advancements in surgical techniques.
- Ophthalmology Clinics: Ophthalmology clinics provide specialized care and are increasingly integrating MIGS into their treatment options, driven by patient demand for minimally invasive procedures and advancements in device technology.
- Outpatient Surgical Centers: Outpatient surgical centers offer convenient and efficient MIGS procedures, meeting the growing preference for same-day surgeries. Trends include the expansion of MIGS capabilities in these centers to cater to a broader patient base and reduce healthcare costs.
- Others: Other healthcare facilities, such as ambulatory surgery centers and specialty clinics, are adopting MIGS devices to address glaucoma effectively with minimal disruption to patient routines. This segment is influenced by advancements in device efficacy and the increasing emphasis on outpatient care models.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 511.5 Million |
| Projected Market Size in 2033 | USD 871.5 Million |
| Market Size in 2023 | USD 482.1 Million |
| CAGR Growth Rate | 6.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Surgery, Target, Product, End Users and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Regional Analysis
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: North America leads in MIGS adoption with a robust healthcare infrastructure and high awareness. Trends include rapid technological advancements, increasing investments in R&D, and a shift towards value-based healthcare models.
- Europe: Europe demonstrates steady growth in the MIGS devices market, driven by aging population and government support. Trends include a stringent regulatory environment, rising adoption of novel MIGS technologies, and emphasis on cost-effective healthcare solutions.
- Asia-Pacific: Asia-Pacific shows strong growth potential with expanding healthcare access and rising prevalence of glaucoma. Trends include increasing healthcare expenditure, adoption of MIGS in emerging markets, and partnerships for technology transfer and local manufacturing.
- LAMEA (Latin America, Middle East, and Africa): The LAMEA region is seeing growing interest in MIGS devices amidst improving healthcare infrastructure. Trends include rising healthcare investments, increasing awareness about glaucoma, and partnerships for local production and distribution of MIGS devices.
Competitive Landscape – Minimally Invasive Glaucoma Surgery (MIGS) Devices Market
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Alcon Inc.
- Allergan (a part of AbbVie Inc.)
- Glaukos Corporation
- Ivantis Inc.
- New World Medical Inc.
- Ellex Medical Lasers Ltd. (part of Lumibird Group)
- Santen Pharmaceutical Co. Ltd.
- Johnson & Johnson Vision (a subsidiary of Johnson & Johnson)
- Sight Sciences Inc.
- MicroSurgical Technology (MST)
- iStar Medical SA
- Nova Eye Medical Limited
- MediWorks Precision Instruments
- Carl Zeiss Meditec AG
- NeoMedix Corporation
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New entrants in the Minimally Invasive Glaucoma Surgery (MIGS) devices market are focusing on innovation to gain market share. Companies like iStar Medical SA and Nova Eye Medical Limited are leveraging technological advancements to introduce novel MIGS solutions. These innovations include next-generation stents and microinvasive implants aimed at enhancing surgical outcomes and patient satisfaction.
Established leaders such as Glaukos Corporation and Allergan (part of AbbVie Inc.) dominate the MIGS devices market. They maintain market leadership through extensive R&D investments, strategic acquisitions, and strong global distribution networks.
Their comprehensive product portfolios, which include flagship devices like iStent and Xen Gel Stent, reinforce their market presence and enable them to cater to a wide range of glaucoma patients effectively.
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market is segmented as follows:
By Surgery
- Glaucoma in Conjunction with Cataract
- Stand Alone Glaucoma
By Target
- Trabecular Meshwork
- Suprachoroidal Space
- Others
By Product
- MIGS Stents
- MIGS Shunts
- Others
By End Users
- Eye Hospitals
- Ophthalmology Clinics
- Outpatient Surgical Centers
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, (2024 – 2033) (USD Million)
- 2.2 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market: snapshot
- Chapter 3. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Industry Analysis
- 3.1 Minimally Invasive Glaucoma Surgery (MIGS) Devices Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing Prevalence of Glaucoma
- 3.2.2 Technological Advancements
- 3.2.3 Patient Preference for Minimally Invasive Procedures
- 3.2.4 Supportive Government Initiatives and Healthcare Policies
- 3.2.5 Expansion in Emerging Markets
- 3.2.6 Integration with Digital Health Technologies
- 3.2.7 Development of Combination Therapies.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Surgery
- 3.7.2 Market Attractiveness Analysis By Target
- 3.7.3 Market Attractiveness Analysis By Product
- 3.7.4 Market Attractiveness Analysis By End Users
- Chapter 4. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Surgery Analysis
- 5.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Surgery
- 5.1.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Share, By Surgery, 2023 and 2033
- 5.2 Glaucoma in Conjunction with Cataract
- 5.2.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Glaucoma in Conjunction with Cataract, 2024 – 2033 (USD Million)
- 5.3 Stand Alone Glaucoma
- 5.3.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Stand Alone Glaucoma, 2024 – 2033 (USD Million)
- 5.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Surgery
- Chapter 6. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Target Analysis
- 6.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Target
- 6.1.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Share, By Target, 2023 and 2033
- 6.2 Trabecular Meshwork
- 6.2.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Trabecular Meshwork, 2024 – 2033 (USD Million)
- 6.3 Suprachoroidal Space
- 6.3.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Suprachoroidal Space, 2024 – 2033 (USD Million)
- 6.4 Others
- 6.4.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Target
- Chapter 7. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Product Analysis
- 7.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Product
- 7.1.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Share, By Product, 2023 and 2033
- 7.2 MIGS Stents
- 7.2.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by MIGS Stents, 2024 – 2033 (USD Million)
- 7.3 MIGS Shunts
- 7.3.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by MIGS Shunts, 2024 – 2033 (USD Million)
- 7.4 Others
- 7.4.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By Product
- Chapter 8. Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – End Users Analysis
- 8.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By End Users
- 8.1.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Share, By End Users, 2023 and 2033
- 8.2 Eye Hospitals
- 8.2.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Eye Hospitals, 2024 – 2033 (USD Million)
- 8.3 Ophthalmology Clinics
- 8.3.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Ophthalmology Clinics, 2024 – 2033 (USD Million)
- 8.4 Outpatient Surgical Centers
- 8.4.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Outpatient Surgical Centers, 2024 – 2033 (USD Million)
- 8.5 Others
- 8.5.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market by Others, 2024 – 2033 (USD Million)
- 8.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Overview: By End Users
- Chapter 9. Minimally Invasive Glaucoma Surgery (MIGS) Devices Market – Regional Analysis
- 9.1 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Regional Overview
- 9.2 Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Share, by Region, 2023 & 2033 (USD Million)
- 9.3. North America
- 9.3.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.3.1.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Country, 2024 – 2033 (USD Million)
- 9.3.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.4 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033
- 9.4.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033 (USD Million)
- 9.5 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033
- 9.5.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033 (USD Million)
- 9.6 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033
- 9.6.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033 (USD Million)
- 9.7 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033
- 9.7.1 North America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033 (USD Million)
- 9.8. Europe
- 9.8.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.8.1.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Country, 2024 – 2033 (USD Million)
- 9.8.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.9 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033
- 9.9.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033 (USD Million)
- 9.10 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033
- 9.10.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033 (USD Million)
- 9.11 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033
- 9.11.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033 (USD Million)
- 9.12 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033
- 9.12.1 Europe Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033 (USD Million)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.13.1.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Country, 2024 – 2033 (USD Million)
- 9.13.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.14 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033
- 9.14.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033 (USD Million)
- 9.15 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033
- 9.15.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033 (USD Million)
- 9.16 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033
- 9.16.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033 (USD Million)
- 9.17 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033
- 9.17.1 Asia Pacific Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033 (USD Million)
- 9.18. Latin America
- 9.18.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.18.1.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Country, 2024 – 2033 (USD Million)
- 9.18.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.19 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033
- 9.19.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033 (USD Million)
- 9.20 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033
- 9.20.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033 (USD Million)
- 9.21 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033
- 9.21.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033 (USD Million)
- 9.22 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033
- 9.22.1 Latin America Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033 (USD Million)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.23.1.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Country, 2024 – 2033 (USD Million)
- 9.23.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, 2024 – 2033 (USD Million)
- 9.24 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033
- 9.24.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Surgery, 2024 – 2033 (USD Million)
- 9.25 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033
- 9.25.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Target, 2024 – 2033 (USD Million)
- 9.26 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033
- 9.26.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by Product, 2024 – 2033 (USD Million)
- 9.27 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033
- 9.27.1 The Middle-East and Africa Minimally Invasive Glaucoma Surgery (MIGS) Devices Market, by End Users, 2024 – 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 Alcon Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Allergan (a part of AbbVie Inc.)
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Glaukos Corporation
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Ivantis Inc.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 New World Medical Inc.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Ellex Medical Lasers Ltd. (part of Lumibird Group)
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Santen Pharmaceutical Co. Ltd.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Johnson & Johnson Vision (a subsidiary of Johnson & Johnson)
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Sight Sciences Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 MicroSurgical Technology (MST)
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 iStar Medical SA
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Nova Eye Medical Limited
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 MediWorks Precision Instruments
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Carl Zeiss Meditec AG
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 NeoMedix Corporation
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Alcon Inc.
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Alcon Inc.
- Allergan (a part of AbbVie Inc.)
- Glaukos Corporation
- Ivantis Inc.
- New World Medical Inc.
- Ellex Medical Lasers Ltd. (part of Lumibird Group)
- Santen Pharmaceutical Co. Ltd.
- Johnson & Johnson Vision (a subsidiary of Johnson & Johnson)
- Sight Sciences Inc.
- MicroSurgical Technology (MST)
- iStar Medical SA
- Nova Eye Medical Limited
- MediWorks Precision Instruments
- Carl Zeiss Meditec AG
- NeoMedix Corporation
- Others
FAQs
The key factors driving the Market are Increasing Prevalence of Glaucoma, Technological Advancements, Patient Preference for Minimally Invasive Procedures, Supportive Government Initiatives and Healthcare Policies, Expansion in Emerging Markets, Integration with Digital Health Technologies, Development of Combination Therapies.
The “Glaucoma in Conjunction with Cataract” category dominated the market in 2023.
The key players in the market are Alcon Inc., Allergan (a part of AbbVie Inc.), Glaukos Corporation, Ivantis Inc., New World Medical Inc., Ellex Medical Lasers Ltd. (part of Lumibird Group), Santen Pharmaceutical Co. Ltd., Johnson & Johnson Vision (a subsidiary of Johnson & Johnson), Sight Sciences Inc., MicroSurgical Technology (MST), iStar Medical SA, Nova Eye Medical Limited, MediWorks Precision Instruments, Carl Zeiss Meditec AG, NeoMedix Corporation, Others.
“Europe” had the largest share in the Minimally Invasive Glaucoma Surgery (MIGS) Devices Market.
The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2024-2033.
The Minimally Invasive Glaucoma Surgery (MIGS) Devices Market size was valued at USD 511.5 Million in 2024.