Market Overview:
The global lacrimal device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising awareness about ophthalmic diseases, and technological advancements in lacrimal devices. Based on type, the lacrimal device market is segmented into lacrimal cannula, lacrimal dilator, and others. The others segment includes probes and other devices used for diagnosis or treatment of eye disorders. Lacrimal cannulas are the most commonly used type of lacrimal device and are expected to dominate the market during the forecast period. This can be attributed to their low cost and easy availability compared with other types of devices. Based on application, hospitals accounted for majority share of the global Lacritin Market in 2017 owing to high incidence rateof various eye disorders such as glaucomaand cataract among others coupled with increasing number os surgical procedures being performed in these settings . However ,the ambulatory surgical centers (ASC) segment is projectedto witness highest growth overthe forecastperiod due tobenefits such as lower costs ,convenient location s ,and shorter waiting times offered by these centers .
Product Definition:
A lacrimal device is a medical tool that is used to help clear the drainage from the eyes. It helps to remove any discharge or debris from around the eyes and can also help to keep the area clean.
Lacrimal Cannula:
Lacrimal cannula is a tube that is inserted into the tear ducts of the eye. It allows drainage of tears into a collection container. Lacrimal cannulas are used in ophthalmic (vision care) surgery, as well as for patients with chronic lacrimation (tears).
The growth factor in this market is increasing demand for vision correction procedures and rising awareness about these devices among consumers due to marketing efforts by manufacturers and hospitals.
Lacrimal Dilator:
Lacrimal Dilation is the process of widening of eyelid to increase the flow of tears. This can be achieved by using a lacrimal dilator or by surgery. Lacrimal dilators are used to open blocked tear ducts and thus help in producing more tears.
Application Insights:
Based on application, the global lacrimal device market is segmented into hospitals, ophthalmic clinics, ambulatory surgical centers and others. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a high prevalence of patients suffering from various eye diseases requiring treatment with lacrimal devices. According to WHO¢â‚¬â„¢s estimates, around 1 billion people suffer from chronic eye diseases worldwide which require regular monitoring and treatment. This factor is anticipated to fuel demand for lacrimal devices over the forecast period.
The others application segment includes dentists offices and optometry practices where patients require routine check-ups for their eyesight as well as dental care related issues including eyeglasses or contact lenses fitting or refitting.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher disposable income and availability of effective treatment options. Moreover, increasing cases of dry eye disease are expected to drive regional growth over the forecast period. For instance, according to Ophthalmic Consultants International (OCI), Inc., approximately 10 million Americans are suffering from Dry Eye Disease (DED) that requires Lacrimal Device therapy for proper management.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and prevalence of chronic diseases such as diabetes that result in increased susceptibility towards infections such as bacterial sinusitis and rhinitis which require prompt treatment with antibiotics resulting in rise use of lacrimal devices for irrigation purpose thus boosting industry size significantly over next eight years to 2030 time frame.
Growth Factors:
- Increasing prevalence of dry eye syndrome: The increasing prevalence of dry eye syndrome is one of the key growth drivers for the lacrimal device market. Dry eye syndrome is a condition that affects the eyes due to lack of tears or poor quality tears, which leads to discomfort and vision problems. According to a study by American Academy of Ophthalmology, it is estimated that around 14%–18% Americans suffer from dry eye syndrome. This number is expected to increase in the coming years due to increasing awareness about this condition and its symptoms.
- Rising demand for minimally invasive procedures: The demand for minimally invasive procedures has been rising in recent years due to their many advantages over traditional surgical procedures such as shorter recovery time, less pain, and fewer complications. This trend is expected to continue in the future, driving the growth of the lacrimal device market.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this trend is expected to continue in the future, resulting in an increase in age-related diseases such as dry eye syndrome. This will create significant opportunities for players operating in the lacrimal device market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lacrimal Device Market Research Report
By Type
Lacrimal Cannula, Lacrimal Dilator, Others
By Application
Hospitals, Ophthalmic Clinics, Ambulatory Surgical Centers, Others
By Companies
B. Braun, Cook Group, Medtronic, Stryker, Smiths Group, ConMed, Hill-Rom Holdings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lacrimal Device Market Report Segments:
The global Lacrimal Device market is segmented on the basis of:
Types
Lacrimal Cannula, Lacrimal Dilator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ophthalmic Clinics, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B. Braun
- Cook Group
- Medtronic
- Stryker
- Smiths Group
- ConMed
- Hill-Rom Holdings
Highlights of The Lacrimal Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lacrimal Cannula
- Lacrimal Dilator
- Others
- By Application:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lacrimal Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lacrimal device is a medical device that helps to moisten and clean the eyes.
Some of the major companies in the lacrimal device market are B. Braun, Cook Group, Medtronic, Stryker, Smiths Group, ConMed, Hill-Rom Holdings.
The lacrimal device market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lacrimal Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lacrimal Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lacrimal Device Market - Supply Chain
4.5. Global Lacrimal Device Market Forecast
4.5.1. Lacrimal Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lacrimal Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lacrimal Device Market Absolute $ Opportunity
5. Global Lacrimal Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lacrimal Device Market Size and Volume Forecast by Type
5.3.1. Lacrimal Cannula
5.3.2. Lacrimal Dilator
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lacrimal Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lacrimal Device Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ophthalmic Clinics
6.3.3. Ambulatory Surgical Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lacrimal Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lacrimal Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lacrimal Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lacrimal Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lacrimal Device Demand Share Forecast, 2019-2026
9. North America Lacrimal Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lacrimal Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lacrimal Device Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ophthalmic Clinics
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lacrimal Device Market Size and Volume Forecast by Type
9.7.1. Lacrimal Cannula
9.7.2. Lacrimal Dilator
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lacrimal Device Demand Share Forecast, 2019-2026
10. Latin America Lacrimal Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lacrimal Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lacrimal Device Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ophthalmic Clinics
10.4.3. Ambulatory Surgical Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lacrimal Device Market Size and Volume Forecast by Type
10.7.1. Lacrimal Cannula
10.7.2. Lacrimal Dilator
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lacrimal Device Demand Share Forecast, 2019-2026
11. Europe Lacrimal Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lacrimal Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lacrimal Device Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ophthalmic Clinics
11.4.3. Ambulatory Surgical Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lacrimal Device Market Size and Volume Forecast by Type
11.7.1. Lacrimal Cannula
11.7.2. Lacrimal Dilator
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Grwth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lacrimal Device Demand Share, 2019-2026
12. Asia Pacific Lacrimal Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lacrimal Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lacrimal Device Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ophthalmic Clinics
12.4.3. Ambulatory Surgical Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lacrimal Device Market Size and Volume Forecast by Type
12.7.1. Lacrimal Cannula
12.7.2. Lacrimal Dilator
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lacrimal Device Demand Share, 2019-2026
13. Middle East & Africa Lacrimal Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lacrimal Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lacrimal Device Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ophthalmic Clinics
13.4.3. Ambulatory Surgical Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lacrimal Device Market Size and Volume Forecast by Type
13.7.1. Lacrimal Cannula
13.7.2. Lacrimal Dilator
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lacrimal Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lacrimal Device Market: Market Share Analysis
14.2. Lacrimal Device Distributors and Customers
14.3. Lacrimal Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. B. Braun
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cook Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stryker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smiths Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ConMed
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hill-Rom Holdings
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
