Lacrimal Devices: Introduction
Lacrimal is an ophthalmic
protective system that helps keep the eye moist and free of dust particles.
Lacrimal devices are usually limited to the eye's nasal punctum and lacrimal
ducts. The aim of the lacrimal devices is to repair the lacrimal drainage
system. A catheter or a balloon made of silicone is inserted into the punctum
during a nasal punctum procedure. Subsequently, the balloon is inserted into
the lacrimal duct in order to hold the nasolacrimal duct intact and allow the
drainage of tear fluid from the eye.
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High demand for safe lacrimal
treatment procedures for improved patient outcomes is a significant factor
boosting the market of lacrimal devices. For instance, ophthalmologists highly
prefer balloon catheter dilation for better patient compliance with the
pediatric age group. This ease of operation would lead to an increase in the
number of patient admissions, number of procedures, and adoption of lacrimal
devices.
The COVID-19 pandemic has
disrupted the continuum of ophthalmic practice, as numerous countries have
limited or suspended screening systems and services to some degree. For
instance, the Canadian Society of Ophthalmologists has recommended that all
non-emergency operations, including lacrimal surgery and endoscopic dacryocystorhinostomy,
be delayed. It is therefore predicted that the unprecedented effect of COVID-19
would have a slightly negative impact on the market. However, companies
operating in the market are focused on development of innovative products for
eye surgery, thereby fueling the industry.
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Market Dynamics of Global Lacrimal Devices Market
Technological advancements to drive market
Advancements in technology, new
product launches, and rising demand for eye care are expected to drive the
lacrimal devices market. For instance, Dacryocystitis is an inflammation or
infection of the nasolacrimal sac that is usually followed by nasolacrimal duct
blockage. The need for eye care would increase the prevalence of such diseases.
Expansion of the market is
expected to be driven by the development of novel products for eye surgery. The
market is estimated to expand owing to the rising attention of industry players
on highly accurate, improved, and cost-effective lacrimal devices. For
instance, in October 2019, AlphaMed received approval from the U.S. FDA for its
Dissolvable Punctum Plugs for Tear Pool. The plugs are meant to be inserted
into the canaliculus, temporarily limiting the natural lubricating tears from
draining from the eye surface
Rise in prevalence of obstruction of the nasolacrimal duct to boost
market revenue
Major factors contributing to a
rise in the incidence rate of drainage obstruction are age-related risks,
inflammation and injury & trauma, and congenital blockage. Furthermore,
increased prevalence of obstruction of the nasolacrimal duct coupled with the
ease of lacrimal treatment procedures is likely to boost product demand.
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Risk of postoperative complications associated with lacrimal devices to
hamper market
Postoperative complications
associated with lacrimal devices is estimated to hinder the global lacrimal
device industry in the near future. Market leaders are seeking to create novel
lacrimal devices; however, their acceptance rate could be adversely affected by
side effects. For instance, side effects associated with lacrimal devices are
estimated to decrease their adoption in hospitals and ophthalmic clinics,
especially in low-income countries, thereby hindering business. Moreover, low
disposable income of the population in developed countries results in lower
healthcare spending; consequently, restricting the development of the industry.
Lacrimal Devices Market: Segmentation
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Asia Pacific Lacrimal Devices Market to Expand at a Rapid Pace
In terms of region, the global
lacrimal devices market can be segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa
Demand for lacrimal devices was
significantly high in North America in 2019 followed by Europe. Expansion of
the market in North America is driven by an increased occurrence of eye
diseases and the availability of advanced technology products. Increase in
understanding of safe treatment of lacrimal gland tumors among individuals is
estimated to propel the market. Furthermore, the involvement of major industry
players has significantly boosted the market in North America.
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Leading Players Operating in Global Lacrimal Devices Market
The global lacrimal devices
market was highly fragmented in 2019. Key players operating in the global
Lacrimal Devices market are:
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