Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : HealthcarePublished Date : April 9th, 2018
Tutorials Get 15% Discount on First Report

The global minimally invasive glaucoma surgery (MIGS) devices market is expected to witness a CAGR of 39.1%, and is projected to reach USD 2392.5 million by 2024. The growth in the MIGS devices market is attributed to the high prevalence of glaucoma diseases across the globe.  Moreover, Increasing demand for safer and less invasive means of reducing IOP, coupled with growing awareness regarding the advantages of MIGS over medications is also driving the growth in the MIGS devices market.  The years used for the assessment are as follows;

  • Historical year: 2016
  • Base year         : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points
  • Bridging the data points to calculate the total MIGS devices market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global MIGS devices market
  • Finalizing the overall size and share of the global MIGS devices market 

OBJECTIVES: 

  • To classify global MIGS devices market into segments on the basis of target, product type, surgery and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the global MIGS devices market
  •  Profiling key companies operating in the global MIGS devices market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for MIGS devices market is as follows:

By Target 

  • Trabecular
  • Suprachoroidal
  • Subconjunctival

By Product Type 

  • Stents
  • Shunts
  • Others

By Surgery 

  • Standalone Surgery
  • In Combination With Cataract

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The global aloe vera extract market is expected to increase from USD 1.7 billion in 2017 to USD 2.7 billion in 2024, at a CAGR of 6.6% from 2018 to 2024. The growth in the aloe vera extract market is attributed to the growing preference for natural and organic products coupled with rising awareness regarding the health benefits of aloe vera based products. Moreover, easy availability of aloe vera plant extract is also driving the growth in the aloe vera extract market. However, availability of substitute products in the market may hamper the growth to some extent during the forecast period.

Based on the product type, aloe vera whole leaf extracts segment dominated the market in 2017, and is expected to retain its dominance over the forecast period. On the basis of application, the cosmetics segment held the largest share of the global aloe vera extract market mainly due to growing preference for natural alternatives over chemical based cosmetics.

Asia-Pacific is expected to hold the largest share of the global aloe vera extract market during 2018-2024. The growth in the region is mainly driven by the increasing disposable income in the emerging economies. The North American and European aloe vera extract market is projected to show healthy growth rate during the forecast period owing to rising awareness about the health benefits of the aloe vera based products and growing preference for natural and organic products in the region.

The key players dealing in aloe vera extract market are Forever Living, Aloecorp Inc, Lily of the Desert, Terry Laboratories, Aloe Laboratories Inc, Ltd., Natural & Organic Farms Mexico, Pharmachem Laboratories, LLC., among others.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Target

1.2.2. Market Breakdown, By Product Type

1.2.3. Market Breakdown, By Surgery

1.2.4. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

   2.2.1.1. Potential to fill the treatment gap between medicines and conventional surgeries

2.2.2. Trends

   2.2.2.1. Focus on research and development to improve the efficacy of MIGS devices

2.2.3. Growth Drivers

   2.2.3.1. High prevalence of glaucoma disease

   2.2.3.2. Increasing demand for safer and less invasive means of reducing IOP

   2.2.3.3. Growing awareness regarding the advantages of MIGS over medications

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

   2.2.5.1. Stringent regulatory norms

   2.2.5.2. Reimbursement issues associated with MIGS procedures

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTEL Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global MIGS Devices Market Size and Forecast (2014 – 2024)

4.1. Global MIGS Devices Market, By Target

4.1.1. Trabecular Meshwork

4.1.2. Suprachoroidal Space

4.1.3. Subconjunctival Space

4.2. Global MIGS Devices Market, By Product Type

4.2.1. Stents

4.2.2. Shunts

4.2.3. Others

4.3. Global MIGS Devices Market, By Surgery

4.3.1. Standalone Surgery

4.3.2. In Combination With Cataract

4.4. Global MIGS Devices Market, By Region

4.4.1. North America

4.4.2. Europe

4.4.3. Asia-Pacific

4.4.4. Rest of the World

CHAPTER 5. Global MIGS Devices Market, By Geography

5.1. North America MIGS Devices Market

5.1.1. North America MIGS Devices Market, By Target ($ Million )

5.1.2. North America MIGS Devices Market, By Product Type ($ Million )

5.1.3. North America MIGS Devices Market, By Surgery ($ Million )

5.1.4. North America MIGS Devices Market, By Country

  5.1.4.1. The U.S.

5.1.4.1.1. U.S MIGS Devices Market Size ($ Million )

 5.1.4.2. Rest of North America

5.1.4.2.1. Rest of North America MIGS Devices Market Size ($ Million )

5.2. Europe MIGS Devices Market

5.2.1. Europe MIGS Devices Market, By Target ($ Million )

5.2.2. Europe MIGS Devices Market, By Product Type ($ Million )

5.2.3. Europe MIGS Devices Market, By Surgery ($ Million )

5.2.4. Europe MIGS Devices Market, By Country

   5.2.4.1. Germany

                 5.2.4.1.1. Germany MIGS Devices Market Size($ Million)

  5.2.4.2. France

                5.2.4.2.1. France MIGS Devices Market Size($ Million)

  5.2.4.3. Spain

                5.2.4.3.1. Spain MIGS Devices Market Size($ Million)

  5.2.4.4. U.K

                5.2.4.4.1. U.K MIGS Devices Market Size($ Million)

 5.2.4.5. Rest of Europe

               5.2.4.5.1. Rest of Europe MIGS Devices Market Size($ Million)

5.3. Asia-Pacific MIGS Devices Market

5.3.1. Asia-Pacific MIGS Devices Market, By Target ($ Million )

5.3.2. Asia-Pacific MIGS Devices Market, By Product Type ($ Million )

5.3.3. Asia-Pacific MIGS Devices Market, By Surgery ($ Million )

5.3.3. Asia-Pacific MIGS Devices Market, By Country

  5.3.3.1. China

                5.3.3.1.1. China MIGS Devices Market Size ($ Million)

 5.3.3.2. Japan

               5.3.3.2.1. Japan MIGS Devices Market Size ($ Million)

 5.3.3.3. India

                5.3.3.3.1. India MIGS Devices Market Size ($ Million)

  5.3.3.4. Rest of Asia-Pacific

                5.3.3.4.1. Rest of Asia-Pacific MIGS Devices Market Size ($ Million)

5.4. Rest of the World(RoW) MIGS Devices Market

5.4.1. Rest of the World(RoW) MIGS Devices Market, By Target($ Million )

5.4.2. Rest of the World(RoW) MIGS Devices Market, By Product Type ($ Million )

5.4.3. Rest of the World(RoW) MIGS Devices Market, By Surgery ($ Million )

5.4.4. Rest of the World(RoW) MIGS Devices Market, By Country

  5.4.4.1. Brazil

                5.4.4.1.1. Brazil MIGS Devices Market Size($ Million )

  5.4.4.2. Rest of RoW

                 5.4.4.2.1. Rest of RoW MIGS Devices Market Size($ Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Glaukos Corporation

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Ellex Medical Lasers Limited

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. InnFocus Inc.

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. Ivantis, Inc.

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. Allergan, Inc.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Santen Pharmaceutical Co, Ltd.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Alcon

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. SOLX, Inc.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. New World Medical, Inc

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Abbreviations

Global Minimally Invasive Glaucoma Surgery (MIGS) Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2024