According to a recent study titled ‘Lacrimal Devices Market Size By Product, By Application  By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global lacrimal devices market is projected to accrue notable returns by the year 2026.
 

As per the report findings, increasing prevalence of eye diseases, ease of lacrimal treatment procedures, and advancements in healthcare technologies are projected to drive the growth of global lacrimal devices market during the forecast period.
 

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For the uninitiated, the lacrimal gland, present within the orbit that is above the lateral end of the eye, often releases fluid or tears that acts as moistening and lubrication agent for cleansing and protecting the eye. Lacrimal devices like lacrimal stents and intubations sets are utilized for repairing lacrimal drainage system, and are specifically focused towards nasal or lacrimal punctum of the eye and the lacrimal ducts.
 

Obstacles in lacrimal drainage lead to epiphora, a common lacrimal ailment. Depending on pathophysiology of the condition and the age of the patient, this ailment can be addressed by DCR (Dacryocystorhinostomy) or simple probing. Such ailments have led to the rise of global lacrimal devices industry.
 

Based on product type, tubes segment captured 11.4% of global lacrimal devices market share in the recent past and is likely to garner significant returns over the forecast timeline.
 

In terms of application scope, glaucoma segment of global lacrimal devices market accounted for USD 36.7 million in 2019 and is slated to showcase strong growth trends in the upcoming years. For treatment of glaucoma, microsurgery and laser surgery are prescribed by the doctor, wherein lacrimal tubes are utilized for draining the fluid.
 

Speaking of end-use spectrum, global lacrimal devices industry from diagnostic centers segment generated revenues worth USD 15.4 million in 2019 and is anticipated to record a healthy growth rate over the projected timeline.
 

On the geographical front, Middle East & Africa lacrimal devices market was valued at USD 10.7 million in 2019 and is expected to record a sizeable growth in the coming years. Meanwhile, Latin America lacrimal devices market size is projected to reach USD 22.7 million by the end of forecast timeframe.
 

Key players influencing worldwide lacrimal devices market trends are Walsh Medical Devices, Inc., JEDMED Instrument Co., Braintree Scientific, Inc., Kaneka Corp., Bess Medical Technology GmbH, Cook Group, Rumex International Co., Lacrimedics, Inc., Beaver Visitec International (BVI), Medennium, Inc., and FCI Ophthalmic, Inc.