Market Research Reports- Consulting Analysis Crystal Market Research Ophthalmic Surgical Devices Market | Page 2

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In most glaucoma cases, the drainage system in the eye becomes clogged preventing the fluid to drain out
from the eye. As this fluid begins to build up, IOP in the eye starts to increase which tend to damage the
sensitive optic nerve. The optic nerve carries visual information to the brain and is made up of numerous
nerve cells. When the IOP in the eye increases, the nerve cells are compressed which results in their
damage that can lead to their death. This can result in permanent loss of vision. Early diagnosis and
treatment of glaucoma can help in preventing such vision loss.
The global ophthalmic surgical devices market is majorly driven by factors such as increasing geriatric
population, rising incidence of eye-related disorders, technological advancements in ophthalmology
medical devices, and increasing awareness related to glaucoma and its treatment. According to the World
Health Organization (WHO), glaucoma is the second major cause of blindness worldwide. According to
the Glaucoma Research Foundation, statistics published in November 2016, more than 120,000 people in
the U.S. had suffered from complete vision loss due to glaucoma which accounts for 9% to 12% of
overall cases of blindness. With such significant impact of glaucoma on normal vision, the demand for
ophthalmic surgical devices is expected to increase in coming years leading to favorable market growth.
However, unfavorable reimbursement policies related to glaucoma procedures can hinder the growth of
glaucoma surgical devices market during the forecast period.
North America held a significant share of the global ophthalmic surgical devices market in 2016 owing to
the presence of advanced healthcare infrastructure and high awareness related to eye disorders in the
region. Asia-Pacific ophthalmic surgical devices market is expected to witness fastest growth during the
forecast period as a result of high prevalence of glaucoma in the region along with increasing awareness
related to its treatment in emerging countries such as China and India.
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The key players operating in the global ophthalmic surgical devices market emphasize on product
development to gain a competitive advantage over other players. Moreover, strategic acquisitions also
play a major role in expanding their product portfolio and its reach to new marketplaces. Some of the
major players operating in the global ophthalmic surgical devices market are, Alcon Laboratories, Inc.
(acquired by Novartis AG), Glaukos Corporation, New World Medical, Inc., Ellex Medical Lasers
Limited, Allergan, Inc. (acquired by Actavis plc), Johnson & Johnson Services, Inc., Ivantis, Inc.,NIDEK