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The lacrimal duct stent tube market share is expected to increase by USD 6.87 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.31%.
This lacrimal duct stent tube market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lacrimal duct stent tube market segmentation by type (bicanalicular and monocanalicular) and geography (North America, Europe, Asia, and Rest of World (ROW)). The lacrimal duct stent tube market report also offers information on several market vendors, including Aurolab, Becton Dickinson and Co., Bess Medizintechnik GmbH, FCI Ophthalmics, Gunther Weiss Scientific Glassblowing Co. Inc., Kaneka Medical America LLC, Walsh Medical Devices Inc., and Beaver Visitec International, Inc. among others.
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The increasing research activities for nasolacrimal duct obstruction is notably driving the lacrimal duct stent tube market growth, although factors such as lack of skilled expertise may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lacrimal duct stent tube industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lacrimal Duct Stent Tube Market Driver
The increasing research activities for nasolacrimal duct obstruction is one of the key drivers supporting the lacrimal duct stent tube market growth. Tears normally drain from the eye down the nose through the tear duct or the nasolacrimal duct. Obstruction of the tear duct prevents tears from draining through this system normally. If the tear duct is blocked, it will lead to the backflow of tears and their discharge from the eye. This obstruction is commonly found in babies. Thus, an ophthalmologist generally places a small, hollow tube through the puncta and into the tear duct. The tube allows the tears to drain properly. The tubes stay in place for about three months. Moreover, many research activities have been going on with regard to nasolacrimal duct obstruction, which will lead to the introduction of new techniques and developments for the treatment of this condition, which, in turn, will positively impact the market in focus during the forecast period.
Key Lacrimal Duct Stent Tube Market Trend
The development of new surgical techniques is one of the key lacrimal duct stent tube market trends that is contributing to the market growth. When both the upper and lower canaliculi are obstructed, the fluid cannot be drained into the nasal cavity, resulting in epiphora. Although the cause of canalicular obstruction cannot be identified in many cases. Minor surgery to enlarge the canaliculus by inserting a silicone tube is the most common treatment to remove the obstruction, which leaves a scar of approximately 2 centimeters (cm) on the side of the nose. To overcome the disadvantages of these conventional surgical methods, a team of otolaryngologists and ophthalmologists at Toho University Sakura Medical Center in Japan has developed a new procedure called 'conjunctivoductivo-dacryocystorhinostomy'. Therefore, the development of new surgical techniques to treat obstructions in the nasolacrimal duct will have a positive impact on the market in focus during the forecast period.
Key Lacrimal Duct Stent Tube Market Challenge
The lack of skilled expertise is one of the factors hindering the lacrimal duct stent tube market growth. Novel surgical methods, such as minimally invasive (MI) surgeries for treating nasolacrimal duct obstruction, require an entirely different skill set when compared with traditional, open surgeries. Clinicians should develop psychomotor skills that require the expert manipulation of surgical instruments in an actual three-dimensional operative field. Therefore, there is a need for a high number of trained personnel to perform various surgical procedures with a high level of safety and accuracy, which helps people in finding suitable treatment options to increase their quality of life. However, the lack of skilled expertise and the need for experienced medical professionals will hamper the number of surgeries and, in turn, the growth of the global lacrimal duct stent tube market during the forecast period.
This lacrimal duct stent tube market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global lacrimal duct stent tube market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lacrimal duct stent tube market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the lacrimal duct stent tube market encompasses successful business strategies deployed by the key vendors. The lacrimal duct stent tube market is concentrated and the vendors are deploying growth strategies such as M and A activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lacrimal duct stent tube market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the lacrimal duct stent tube market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from Asia during the forecast period. China is the key market for the lacrimal duct stent tube market in Asia. Market growth in this region will be faster than the growth of the market in other regions.
Another key region offering significant growth opportunities for vendors is North America. The rising investments in the healthcare sector will facilitate the lacrimal duct stent tube market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 affected the growth of the market adversely. However, with the initiation of large-scale COVID-19 vaccination drives and the relaxation of lockdown norms from Q4 2020, the demand for ophthalmic services from end-users is expected to increase, which will drive the growth of the regional market during the forecast period.
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The lacrimal duct stent tube market share growth by the bicanalicular segment will be significant during the forecast period. Bicanalicular nasal intubation is widely used in lacrimal drainage system surgeries. Lacrimal canaliculi are vital structures that play an important role in draining tears from the eye. Lacrimal canalicular lacerations are more common in men than in women and more prevalent among children and young adults. Elderly patients may be susceptible to this type of injury as a result of facial trauma sustained during falls. In view of this, bicanalicular nasal intubation is used for treating lacrimal canalicular lacerations. Thus, the use of bicanalicular lacrimal duct stents will witness positive growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lacrimal duct stent tube market size and actionable market insights on post COVID-19 impact on each segment.
Lacrimal Duct Stent Tube Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.31% |
Market growth 2022-2026 |
$ 6.87 million |
Market structure |
Concentrated |
YoY growth (%) |
2.8 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Asia at 37% |
Key consumer countries |
US, UK, Germany, France, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aurolab, Becton Dickinson and Co., Bess Medizintechnik GmbH, FCI Ophthalmics, Gunther Weiss Scientific Glassblowing Co. Inc., Kaneka Medical America LLC, Walsh Medical Devices Inc. , and Beaver Visitec International, Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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