Tear Duct Plug Market
Tear Duct Plug Market Study by Silicone, Temporary/Dissolvable, and Intracellular Plugs for Hospitals, Ambulatory Surgical Centers, and Ophthalmology Surgery Centers From 2024 to 2034
Analysis of Tear Duct Plug Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Tear Duct Plug Market Outlook (2024 to 2034)
The global tear duct plug market is valued at US$ 375.6 million in the year 2024. Furthermore, the industry is forecasted to rise at a CAGR of 9% to reach US$ 886.6 million by 2034.
The market for tear duct plug devices, which provide cutting-edge treatments for eye disorders, such as dry eye syndrome, is an important subset of the larger ophthalmology sector. These tiny medical devices, which are placed into the tear ducts to stop the flow of tears, have become well-known because they keep the surface of the eye wet, which helps to reduce the symptoms of dry eye syndrome.
Effective therapies, such as punctual plugs are demanded more as the prevalence of dry eye syndrome rises worldwide, as stated in the tear duct plug industry analysis. These growing cases are attributed to an older population, more screen time, and environmental factors. The market is expanding because of technical developments in plug design and materials as well as rising patient and healthcare provider awareness.
Keratitis sicca, dry eye illness, and keratoconjunctivitis sicca are other names for dry eye condition. It results in problems with the ocular surface and tears, which cause visual disturbances and tear film instability, and harm the ocular surface.
As per Fact.MR published tear duct plug industry outlook, an individual tries to avoid corneal ulcers and scarring by receiving early treatment for dry eye.
Ocular plugs are also utilized for ocular medication administration and the treatment of glaucoma and punctal stenosis. The necessity for long-term treatment alternatives for eye problems and the growth of leading manufacturers' production facilities are expected to propel the worldwide demand for punctal plug devices.
| Report Attribute | Detail |
|---|---|
| Tear Duct Plug Market Size (2024E) | US$ 375.6 Million |
| Forecasted Market Value (2034F) | US$ 886.6 Million |
| Global Market Growth Rate (2024 to 2034) | 9% CAGR |
| South Asia & Pacific Market Value (2024E) | US$ 38.8 Million |
| Mexico Market Value (2034F) | US$ 19.2 Million |
| Ophthalmology Surgical Centers Segment Growth Rate (2024 to 2034) | 8.5% CAGR |
| Hospitals Segment Market Value (2034F) | US$ 436.1 Million |
| Key Companies Profiled | Lacrimedics, Inc.; OASIS Medical; Beaver-Visitec International; FCI Ophthalmics Inc.; Surgical Specialties Corporation |
Tear duct plugs are small-sized, biocompatible medical devices that are inserted into the tear ducts to block drainage. Tear duct plugs are also known as punctal plugs or lacrimal plugs. Tear duct plugs reduce the symptoms of dry eye by keeping the eye moist and healthy.
Tear duct plugs provide a simple treatment option for chronic dry eye conditions. Dry eye is a very common condition wherein lack of sufficient moisture and lubrication on the surface of the eye leads to dry eye syndrome.
The alternative medical terms used to describe dry eyes are keratitis sicca, keratoconjunctivitis sicca, and dysfunctional tear syndrome. Some of the symptoms of dry eye include blurry vision, burning, and scratchiness. Tear duct plugs block the tear drainage channel located in the inner corner of the eye.
Tear duct plugs are generally considered when prescribed eye drops fail to relieve the dry eye condition. Tear duct plugs are usually made of materials, such as silicone and collagen.
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Tear Duct Plug Market: Drivers and Restraints
Nowadays, dry eye condition is becoming one of the most common complaints in the ophthalmologist’s clinic. However, dry eye symptoms are significantly reduced with the use of artificial tears of varying viscosity. Tear duct plugs reduce the burden of dry eye conditions, which is expected to be the prominent factor driving the growth of the global market.
The increasing geriatric population and technological advancements are also expected to drive the growth of the global market, according to the tear duct plug industry outlook.
According to the American Academy of Ophthalmology, it is observed that the occurrence of dry eye conditions increases with age. Around 3.2 million women and 1.7 million men aged 50 and over in the United States are affected by dry eye syndrome. However, alternative treatment options hamper the growth of the global tear duct plug market.
The global market for tear duct plugs is expected to witness a noteworthy growth rate over the forecast period. Temporary tear duct plugs are used initially by the doctors to see how the body reacts. Temporary tear duct plugs naturally dissolve in the body and fade after some time and generally are made of collagen material.
Silicone tear duct plugs are permanent tear duct plugs, which last for years. Intracanalicular tear duct plugs offer a more permanent solution as they sit deeply in the duct. Amongst all, the hospitals end-use segment is expected to hold a noteworthy share of the global market.
Tear Duct Plug Market: Regional Outlook
Geographically, the global tear duct plug market is segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). As per the tear duct plug industry analysis, North America is expected to hold a significant share of the global market owing to the presence of leading market players in the region.
This is followed by Europe due to the rising product innovation and high adoption of tear duct plugs. Due to the rising incidence of eye disorders in potentially high growth countries, manufacturers are also targeting potentially high growth markets.
Asia Pacific region is considered to be at a noteworthy pace due to the large patient pool and rising geriatric population. However, other regions, such as Latin America and the Middle East and Africa are expected to grow at a significant CAGR over the forecast period.
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Tear Duct Plug Market: Key Players
Examples of some of the key players operating in the global market are
- Lacrimedics, Inc.
- OASIS Medical
- Beaver-Visitec International
- FCI Ophthalmics Inc.
- Surgical Specialties Corporation
The key players in the global market are primarily targeting geographical expansion to increase their market presence by adopting new strategies. Strategies include acquisitions, agreements, collaborations, mergers, and others.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of the Tear Duct Plug Market Research
-
By Product Type :
- Silicone
- Temporary/Dissolvable
- Intracanalicular
-
By End User :
- Hospitals
- Ambulatory Surgical Centers
- Ophthalmology Surgery Centers
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. End User
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Silicone Tear Duct Plugs
- 7.2. Temporary/Dissolvable Tear Duct Plugs
- 7.3. Intracanalicular Tear Duct Plugs
- 8. Global Market Analysis and Forecast, By End User
- 8.1. Hospitals
- 8.2. Ambulatory Surgical Centers
- 8.3. Ophthalmology Surgery Center
- 8.4. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Product Type and End User for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Lacrimedics, Inc.
- 19.2. OASIS Medical
- 19.3. Beaver-Visitec International
- 19.4. FCI Ophthalmics Inc.
- 19.5. Surgical Specialties Corporation
- 19.6. Others
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by End User
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Product Type
Table 6: North America Market US$ Mn Forecast by End User
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Product Type
Table 9: Latin America Market US$ Mn Forecast by End User
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by End User
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by End User
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Product Type
Table 18: Asia Pacific Market US$ Mn Forecast by End User
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Product Type
Table 21: East Asia Market US$ Mn Forecast by End User
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by End User
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the key factors driving the market growth?
Tear duct plugs reduce the burden of dry eye conditions, which is driving the growth of the global tear duct plug market.
Who are the key players in the market?
Some of the key companies are Lacrimedics, Inc., OASIS Medical, Beaver-Visitec International, FCI Ophthalmics Inc., and Surgical Specialties Corporation.
Tear Duct Plug Market