Eye Valve Devices Market: Introduction

  • Eye valve device helps to lower intraocular pressure in cases where extreme medical therapy with eye drops and laser treatment is ineffective. These valves are usually made of silicone. Eye valve device comprises a micro-tube connected to a small end-plate or reservoir.
  • Public awareness about common eye conditions is increasing in developing countries, leading to early diagnosis and treatment of eye diseases. Moreover, a large number of organizations are dedicated to fighting blindness, restoring vision, and spreading awareness about eye health.
  • The National Eye Institute, the National Association for Visually Handicapped, the National Federation of the Blind, and Prevent Blindness are some eye health organizations concerned with prevention of eye diseases
  • The global eye valve devices market is anticipated to grow at a rapid pace during the forecast period, owing to rise in prevalence and incidence rates of eye-related disorders and surge in awareness about the diagnosis and treatment of eye disorders.

Get an Idea about the Offerings of Our Eye Valve Devices Market Report from this Brochure

Key Drivers of Global Eye Valve Devices Market

  • According to the World Health Organization (WHO), 285 million people across the globe are visually impaired, with around 90% of them living in low to middle income countries. Moreover, nearly 95 million people suffer from cataract and 20 million suffer from various eye conditions including glaucoma, muscular degeneration, infections, and childhood-related conditions. Significant increase in incidence of eye-related diseases, especially in the developed countries, is anticipated to drive the eye valve devices market. According to a Prevent Blindness report, the number of people in the U.S. suffering from cataract is expected to increase from 24.4 million in 2010 to 30.5 million by 2020, and the number of people suffering from diabetic retinopathy in the country is projected to increase from 7.7 million in 2010 to 9.2 million by 2020.

Non-compliance with Treatment to Hamper Market Growth

  • Lack of knowledge, intolerance, misunderstanding, and denial are a few reasons behind non-compliance. A study published by the American Academy of Ophthalmology revealed that the overall non-compliance rate was around 50% for glaucoma, with lack of knowledge, misunderstanding, and denial accounting for more than 70% of the total non-compliance rate.
  • Non-compliance with treatment is not influenced by gender; however, it depends on the understanding of the patient about the drug administration method. Increase in non-compliance due to lack of knowledge is expected to restrain the global eye valve devices market. This factor is likely to hamper market growth during the forecast period.

Expanding Operations in Future? To Get the Perfect Launch Ask for a Custom Eye Valve Devices Market Report

Asia Pacific to Hold Major Share of Global Eye Valve Devices Market

  • Asia Pacific is a leading market for eye valve devices, followed by North America and Europe. China and India are key markets in the region. The two countries account for over 30% demand for eye valve devices in the region.
  • Increase in population, rise in incidence of ophthalmic diseases, and economic growth in China, India, and other countries in Southeast Asia lead to high per capita health care expenditure. This is anticipated to drive the eye valve devices market in the region.
  • The eye valve devices market in Middle East & Africa is expected to grow at a rapid pace during the forecast period due to increase in investments in the health care industry

Key Players Operating in Global Eye Valve Devices Market

The global eye valve devices market is highly competitive, with top manufacturers adopting various strategies to capture larger market share. Key players in the global eye valve devices market are:

  • Alcon, Inc. (Novartis AG)
  • Glaukos Corporation
  • New World Medical, Inc.
  • Ellex Medical Lasers Ltd.
  • Abbott Medical Optics (Abbott Laboratories)
  • Johnson & Johnson
  • Bausch & Lomb, Inc. (Valeant Pharmaceuticals International, Inc.)
  • Topcon Corporation
  • Lumenis Ltd.
  • Allergan plc

Global Eye Valve Devices Market: Research Scope

Global Eye Valve Devices Market, by End-user

  • Eye Hospitals
  • Outpatient Surgical Centers
  • Others

Global Eye Valve Devices Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Eye Valve Devices Market

Pre Book