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    Innovation in glaucoma thriving

    New drugs, devices, diagnostics ‘nicely’ fueling growth

     

    Device world

    Glaucoma devices are starting their own growth spiral. Glaucoma procedures account for about 5% of the 46 million ophthalmic procedures performed globally each year. Micro Invasive Glaucoma Surgery (MIGS) came on the scene in 2012 and are set to surpass traditional glaucoma surgeries by 2016.

    Traditional shunt and filtering surgery numbers have been virtually flat the past two years, Dr. Cunningham said. Nearly all the growth in glaucoma procedures has come from MIGS.

    “Glaukos founded the MIGS space in 2012 with the iStent,” he said. “In 2013, they did over $20 million in revenue, which is fantastic for a first full year on the market.”

    Glaukos continues to grow, he continued, but the company won’t have the market to itself for long. Several competitors are moving through clinical development toward what they hope will be approval. The three leading contenders are Transcend Medical (CyPass Micro-Stent), AqueSys (XEN Glaucoma Implant), and Ivantis (Hydrus Microstent).

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