The global glaucoma diagnostic devices market size value USD 360 million in 2020 and is expected to reach USD 2243 million by 2028, at a CAGR of 28.3% during the forecast period 2022-2028 Precision Business Insights published a research report on “Glaucoma Diagnostic Devices Market by Product Type (Corneal Pachymeters, Optical Coherence Tomography (OCT) Imaging Systems, Retinal Tomography and Angiography Systems, Spectral Domain Optical Coherence Tomography (OCT) Systems, Tonometers, Visual Field Testing Equipment, Others), By Disease Type (Closed angle glaucoma, Open angle glaucoma, Pigmentary glaucoma, Low tension glaucoma, Others), End Users (Hospitals, Ophthalmology Diagnostic Centers, Research Institutes) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific) - Global/Region/Country Forecast to 2028”. Glaucoma diagnostic devices market is expected to grow at significant rate during the forecast years 2022-2028.

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Growing Ageing Population Will Drive Glaucoma Diagnostic Devices Market

Glaucoma diagnostic devices market report provides in-detail analysis of the dynamics like driving and restraining factors that affect the market growth. A wide range of information is provided here about market developments, new product launchings and market entry strategies for the new entrants. In order to understand the competitive nature of the market, strategies adopted by the industry players are also discussed here. Glaucoma is a disease of two kinds such as open angle glaucoma and closed-angle glaucoma. This disease is characterized by increasing intraocular pressure in one’s eye, which can lead to optic nerve damage and results into blindness or vision loss.  This disease can be diagnosed by determining the status of drainage angle, optic nerve and intraocular pressure.

There are several factors that are anticipated to foster the market growth such as growing ageing population, sophisticated healthcare infrastructure in developed countries and technological developments in the glaucoma diagnostic devices. The market is categorized on the basis of end user, product type, disease type and region. But, dearth of skilled experts in underdeveloped countries, strict regulatory guidelines for the approval of product and high price of devices can hinder the market growth.

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Geographical Analysis
Glaucoma diagnostic devices market in North America is anticipated to witness considerable growth rate owing to the factors such as growing consciousness amid people about the glaucoma disease and rising healthcare expenditure. Europe market is projected to witness profitable growth because of the presence of increasing number of industries in the region for diagnostic devices, huge adoption of novel diagnostic devices and increasing occurrence of the disease glaucoma in countries such as Spain, Italy, Germany and Austria. Market in Asia pacific is going to record considerable growth rate owing to the large patient pool in Japan, China and India and advancement in healthcare infrastructure. Latin America market is poised to witness notable growth rate because of the advances in healthcare infrastructure in emerging country like Brazil and business expansion by the industry players in the region.

Competitive Analysis:
There are several key players operating in glaucoma diagnostic devices market Carl Zeiss Meditec AG (Germany), Topcon Corporation (Japan), Heidelberg Engineering GmbH (Germany), NIDEK CO., LTD (Japan), Optovue, Incorporated (U.S.), Leica Microsystems (Germany) and HAAG-STREIT GROUP (U.S.). Key players in the market hugely focus on adopting a few strategies like mergers and new product launchings to leverage their place in the market.

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