Latest News - Lacrimal Duct Stent Tube Market: Bicanalicular is expected to lead the Type segment during 2024-2028

The Lacrimal Duct Stent Tube Market is being driven by Increasing research activities for NLDO

The Lacrimal Duct Stent Tube Market is expected to grow at a CAGR of 2.82% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5.8 million. In the lacrimal duct stent tube market, epiphora, or watery eyes, can result from obstructions in both the upper and lower canaliculi, preventing tears from draining into the nasal cavity. Canalicular obstructions are often attributed to aging, trauma, tumors, and oral anti-cancer medications. Traditional treatments include minor surgeries to enlarge the canaliculus using silicone tubes or more invasive procedures involving external incisions, resulting in a 2 cm scar on the side of the nose. To address the limitations of these methods, a team of otolaryngologists and ophthalmologists at Toho University Sakura Medical Center in Japan has innovated a new procedure called conjunctivoductivo-dacryocystorhinostomy. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Bicanalicular
  • Monocanalicular
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing research activities for NLDO
• Growing awareness of nasolacrimal duct obstruction among people
• Growing investments in healthcare

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled expertise in healthcare sector
• Stringent regulatory standards on lacrimal duct stent tube
• Complications associated with stent tubes

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Market Scope in Lacrimal Duct Stent Tube Market Research Report

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Research Analysis Overview

The Lacrimal Duct Stent Tube Market is witnessing significant growth due to the increasing prevalence of Lacrimal system problems, such as nasolacrimal duct obstruction, in the aging global population. These issues can lead to conditions like dry eyes, watery eyes, and even vision loss in severe cases. Lacrimal intubation, a minimally invasive procedure used to bypass blocked nasolacrimal ducts, is gaining popularity. Healthcare professionals are increasingly aware of the importance of personal protective equipment and respiratory support devices during surgical procedures to prevent viral transmission. In the context of lacrimal intubation, this includes wearing masks and gloves. Materials science plays a crucial role in the development of lacrimal duct stent tubes. Biodegradable materials like polyethylene and silicone are commonly used due to their compatibility with the columnar lining of the nasolacrimal duct and lacrimal sac. The market for lacrimal duct stent tubes is closely linked to the medical device sector, with applications in ophthalmic clinics and hospitals. Outpatient consultations for retinal diseases are on the rise, leading to an increase in the number of surgical procedures for lacrimal system issues. The orbicularis oculi and Horner's muscle, which control eyelid movement, can also be affected by lacrimal system problems, further increasing the demand for lacrimal duct stent tubes.

Market Research Overview

The global healthcare supplies market encompasses businesses and innovations within the medical sector, focusing on a diverse range of product categories including diagnostics and therapeutic consumables. According to Technavio, market size is determined by the collective revenue generated by manufacturers of medical supplies such as syringes, drapes, gloves, and gowns. Key growth drivers for this market include the increasing elderly population: by 2050, nearly one-quarter of the US population and Europe's population are projected to surpass 60 years old. This demographic shift will fuel demand for healthcare supplies as the elderly population requires more frequent medical attention. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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