Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Lacrimal Stent and Tube Systems Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4.3% during the review period (2022 to 2027).
Lacrimal stents are tiny tubes that are inserted into the nasolacrimal system to keep it open. The tubes are normally made of silicone or another semi-rigid yet flexible material with an open centre lumen in the majority of cases. The nasolacrimal system is usually intubated only temporarily, with stents left in place for several months. Intubation, on the other hand, can be long-term in some cases. Nasolacrimal tubes are most commonly employed when one or more elements of the tear drainage system are obstructed or lacerated.
Because of the development of novel items for eye procedures, the lacrimal devices market is predicted to increase significantly. The industry statistics will be bolstered by market players' increased focus on extremely precise, updated, and cost-effective lacrimal devices. For example, AlphaMed got FDA approval for their Tear Pool Dissolvable Punctum Plugs in October 2019. The plugs are designed to get into the canaliculus, which prevents natural lubricating tears from draining off the surface of the eye for a short time. As a result of these devices, product adoption will rise, fueling market trends.
The report also assesses the key opportunities in the Lacrimal Stent and Tube Systems market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Lacrimal Stent and Tube Systems Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key players in the Lacrimal Stent and Tube Systems Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Lacrimal Stent and Tube Systems Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Beaver-Visitec International, Kaneka, Bess Medizintechnik GmbH, FCI Ophthalmics, Fruida, Sinopsys Surgical
June 26, 2020: Kaneka enters partnership with Rohto Pharmaceutical for lacrimal duct tube business--
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Minoru Tanaka) has agreed to work together with Rohto Pharmaceutical Co., Ltd. (Headquarters: Osaka City, Osaka Prefecture; President: Masashi Sugimoto) in regard to a lacrimal duct tube business. This partnership aims to further expand the lacrimal duct tube business through the synergy of Kaneka's technical capabilities and product development expertise with Rohto's distinguished branding and sales strengths in the field of ophthalmology.
Lacrimal Stent and Tube Systems Market is segmented based on the type, applications, companies and regions.
By Type, Lacrimal Stent and Tube Systems Market has been segmented into
By Application, Lacrimal Stent and Tube Systems Market has been segmented into
By End-User, Lacrimal Stent and Tube Systems Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Lacrimal Stent and Tube Systems Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America has the greatest market share and is predicted to continue to develop rapidly in the future. The increased pool of geriatric patients with age-related epiphora and increasing diagnosis, reduced reimbursement rates for Dacryocystorhinostomy (DCR), and growing investment in R&D for new products for epiphthalmia treatment, which further facilitates new product launches, are all major driving factors for the growth of lacrimal stent and tubes. Also, increasing disposable income and growing awareness for secure treatment for various eye disorders are few of the other factors boosting the North American market outlook. Furthermore, rising adoption of technological advance tools for effective surgeries and improved patient outcome coupled with presence of key market players will further enhance the market size of North America lacrimal devices.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.3% over the forecast period (2022-2027) |
By Type |
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By Application |
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By End-User |
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By Companies | Beaver-Visitec International, Kaneka, Bess Medizintechnik GmbH, FCI Ophthalmics, Fruida, Sinopsys Surgical |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 93 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Lacrimal Stent and Tube Systems Market?
The Lacrimal Stent and Tube Systems Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the key players in Lacrimal Stent and Tube Systems Market?
Beaver-Visitec International, Kaneka, Bess Medizintechnik GmbH, FCI Ophthalmics, Fruida, Sinopsys Surgical
What are the significant types of Lacrimal Stent and Tube Systems Market?
Monocanalicular Stents, Bicanalicular Stents
What are the major applications of Lacrimal Stent and Tube Systems Market?
Dry eye, Glaucoma, Epiphora, Drainage obstruction, Lacrimal gland inflammation, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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