Vision Research Report, Recently Announced New Report on “ophthalmic lasers market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Ophthalmic lasers market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Ophthalmic lasers research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Ophthalmic lasers market revenue share is set to grow at a yearly rate of 15.9% during 2021-2030, while its valuation is Projected to jump from $11.0 Bn in 2020 to $11.6 Bn in 2030.
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Report Highlights
Among the product segment, femtosecond lasers held the largest revenue share in 2020. This is due to the rising number of people affected by refractive errors. These devices are also increasingly used during cataract surgeries. Thus, due to the aforementioned factors, this product segment generated huge revenue in the market.
Growing technological advancements in the field of femtosecond lasers for cataract and refractive error surgeries have led to huge development of these products. Thus, newer technologies are motivating this segment to contribute to the immense market share.
Excimer lasers are also being highly adopted by healthcare facilities for the treatment of refractive errors. For instance, Carl Zeiss Meditec AG introduced MEL 80 Excimer for refractive laser surgery. This device in combination with femtosecond laser provides effective solutions pertaining to refractive error corrections.
SLT and YAG lasers are also expected to witness significant growth over the forecast period. These products are effectively used for the treatment of glaucoma, retina, and corneal surgery. Ellex Medical Lasers Limited, one of the leaders in the ophthalmic lasers industry, constitutes a broad portfolio of SLT and YAG for the treatment of such eye disorders.
On the basis of application, refractive error corrections dominated the ophthalmic lasers market in 2016 owing to the rising prevalence of refractive errors among both children and adult population. Moreover, increase in the application of femtosecond lasers in refractive error surgeries also supported the growth of the segment.
Cataract removal segment is expected to exhibit the fastest growth over the forecast period due to the growing number of cataract removal surgeries taking place across the globe. Cataract is a common problem among the geriatric population and might lead to blindness, if not given immediate medical attention.
Glaucoma is another important application segment, which is expected to generate significant demand for some ophthalmic laser types such as SLT and YAG. Lumenis launched a product, Smart Selecta Duet, which involves a combination of both of these laser technologies and is used for glaucoma treatment.
Retinal diseases such as diabetic retinopathy and AMD are a common concern for the geriatric population. The key players are focusing on the extensive production of ophthalmic products for the treatment of such kind of disorders. For instance, Topcon Corporation manufactured PASCAL Synthesis System for the treatment of patients with diabetic retinopathy and AMD.
On the basis of end-use, hospitals contributed towards the largest market share in 2020 due to the wide usage of ophthalmic lasers in hospital settings. Moreover, the rising number of hospitals in emerging countries is further supporting the growth of this segment.
Ambulatory surgical centers are anticipated to grow at a significant growth over the forecast period. This is due to the growing number of government initiatives undertaken in order to raise the awareness levels for ambulatory surgical centers in developing countries.
Ophthalmic clinics are also projected to show growth over the forecast period due to increase in a number of specialty clinics for the treatment of chronic diseases. However, lack of availability of trained professionals for dealing with the complexities involved in the usage of ophthalmic lasers is expected to impede the market growth.
North America dominated the market owing to rising healthcare expenditure in the U.S. and the development of sophisticated healthcare infrastructure in the country. Moreover, rising prevalence of ophthalmic disorders is expected to support the high demand for these products.
Europe also contributed towards significant shares in 2020 owing to the increasing geriatric population base in this region. Ophthalmic disorders are highly prevalent among this group of the population. As a result of these factors, Europe is expected to drive the market demand for the devices during the study period.
Asia Pacific is anticipated to show lucrative growth over the forecast period. This is due to the rising prevalence of cataract removal surgeries in the developing countries such as India. In addition, increasing awareness levels for the prevention of blindness is also motivating the high growth of the market.
Global Ophthalmic lasers market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Ophthalmic lasers trade trends and promoting channels analysed. Ophthalmic lasers Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Alcon Laboratories, Inc.; Carl Zeiss Meditec AG; Ellex Medical Lasers Limited; Abbott Medical Optics, Inc.; Bausch & Lomb Incorporated; Topcon Corporation; IRIDEX Corporation; Lumenis; Ziemer Ophthalmic Systems AG; NIDEK Co., Ltd.
Market Segmentation
Global Ophthalmic lasers Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Ophthalmic lasers market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Ophthalmic lasers Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Ophthalmic lasers Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Ophthalmic lasers Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Ophthalmic lasers Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Ophthalmic lasers Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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