Market Challenges And Opportunities

Gel Stent Market – Dynamics

Rising population above the age of 40 is a major factor driving growth of the market. For instance in 2017, 2.7 million out of 3 million Americans are suffering with glaucoma were aged 40 and older. This is attributed to high chances of people aged 40 and above suffering from miosis, in which excessive contraction of eye increase in the elder population. Glaucoma is one of the leading cause for blindness. Increasing demand for minimally invasive procedures and increasing incidences of glaucoma are other factors that are expected to drive growth of the global gel stent market over the forecast period. According to Glaucoma Research Society in U.S. in 2017, more than 120,000 are blind from glaucoma.

However, high cost of the gel stent, lack of availability of healthcare professionals and lack of awareness regarding the technique are factors that hinder growth of the gel stent market.

Restraints