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Global Ophthalmic Lasers Market Size, Share, Trends, And Industry Forecast 2022 – 2031

Kenneth Research has recently added a report titled Global Ophthalmic Lasers Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Ophthalmic Lasers Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Ophthalmic Lasers Market is valued approximately USD 1069.6 million in 2018 and is anticipated to grow with a healthy growth rate of more than 5.10 % over the forecast period 2019-2026. Ophthalmic laser is a medical device that is used to treat ophthalmic disorders with the use of laser beam source. The laser beam emitted from these devices as a source of monochromatic light and clear that focuses on a particular spot in the eye. These lasers are used for a variety of ophthalmic disorder and procedures such as retinal photocoagulation, cataract surgery, laser iridotomy and more. High prevalence of ophthalmic disorders, rapid growth in geriatric population and rising prevalence of chronic diseases such as diabetes are key driving forces of market growth. The WHO data in 2016 specified that over 650 million of world population was recorded to be obese. According to Obesity Update 2017 by Organization for Economic Co-operation and Development, the obesity levels are anticipated to increase gradually World Obesity Federation (2017) reported that more than 2.7 billion of world population would be obese by the year 2025. Moreover, technological advancements are expected to create significant growth opportunity in the market over the forecast period. However, high cost of equipment and therapy impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global Ophthalmic Lasers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing geriatric population and increasing regulatory approvals. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as high prevalence of ophthalmic disorders, rising aging population would create lucrative growth prospects for the Ophthalmic Lasers market across Asia-Pacific region.

Major market player included in this report are:
Alcon Laboratories, Inc. (A Novartis AG Company)
Abbott Medical Optics, Inc. (A Subsidiary of Abbott)
Carl Zeiss Meditec AG
Bausch & Lomb Incorporated (A Valeant Pharmaceuticals International, Inc. Company)
Ellex Medical Lasers Limited
Topcon Corporation
Ziemer Ophthalmic Systems AG (A Subsidiary of Ziemer Group Holding AG)
Iridex Corporation
Nidek Co., Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product:
Femtosecond Lasers
Excimer Lasers
ND:Yag Lasers
Diode Lasers
Others

By Application:
Refractive Error Correction
Cataract Removal
Diabetic Retinopathy Treatment
Glaucoma Treatment
Age-Related Macular Degeneration Treatment
Others

By End User:
Hospitals
Specialty Clinics and Ambulatory Surgery Canters

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Ophthalmic Lasers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10265640

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