The Ophthalmic Medical Lasers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Ophthalmic Medical Lasers Global Market Report 2024, The ophthalmic medical lasers market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to aging population, demand for minimally invasive eye surgeries, rising disposable incomes, increasing awareness of ophthalmic medical lasers, increase in myopia.
The ophthalmic medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to continued growth in the prevalence of eye diseases, rising incidence of diabetes, regenerative medicine, growing focus on preventive eye care, government initiatives f. Major trends in the forecast period include advancements in laser technology, advancements in ophthalmic medical lasers, gene therapy and lasers, optical coherence tomography (oct) integration.
The rising incidence of ocular disorders is driving the demand for the ophthalmic medical lasers market. Ocular disorders are the ones that affect vision and eye health in patients of all ages and treatment with lasers helps reshape the eye cornea for better focus, which contributes to an improved vision. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40 have a cataract in at least one eye, or 17.2% of the population. It is anticipated that approximately 30 million people will develop cataracts by 2028. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market .
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The ophthalmic medical lasers market covered in this report is segmented –
1) By Product: Diode Lasers; Femtosecond Lasers; Excimer Lasers Aromatherapy; ND:Yag Lasers; Other Products
2) By Application: Refractive Error Correction; Cataract Removal; Diabetic Retinopathy; Glaucoma; Age-Related Macular Degeneration; Other Applications
3) By End User: Hospitals; Specialty Clinics and Ambulatory Surgery Centres
The ophthalmic medical lasers market report table of contents includes:
- Executive Summary
- Orthopedic Accessories Market Characteristics
- Orthopedic Accessories Market Trends And Strategies
- Orthopedic Accessories Market – Macro Economic Scenario
- Global Orthopedic Accessories Market Size and Growth
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- Global Orthopedic Accessories Market Competitive Benchmarking
- Global Orthopedic Accessories Market Competitive Dashboard
- Key Mergers And Acquisitions In The Orthopedic Accessories Market
- Orthopedic Accessories Market Future Outlook and Potential Analysis
- Appendix
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