Overview and Scope
Refractive surgery devices and equipment are used in refractive error surgeries, a procedure for correcting or improving vision affected by a refractive error such as near-sightedness (myopia), farsightedness (hyperopia), presbyopia, or astigmatism.
Sizing and Forecast
The refractive surgery devices and equipment market size has grown rapidly in recent years. It will grow from $0.17 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to vision correction demand, technological advancements, patient safety and satisfaction, aging population.
The refractive surgery devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $0.32 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to customized refractive surgery, emerging markets, myopia control, technological innovations. Major trends in the forecast period include femtosecond laser-assisted cataract surgery, smile surgery, enhanced postoperative monitoring, artificial intelligence (ai) in surgery planning.
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Segmentation & Regional Insights
The refractive surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Microkeratome, Excimer Lasers, Femtosecond Lasers, YAG Lasers
2) By Application: Astigmatism, Near-sightedness, Farsightedness
3) By End User: Hospitals, Ambulatory Surgical Centres, Opthalmology Clinics
North America was the largest region in the global refractive surgery devices (or) equipment market in 2023. Asia-Pacific was the second-largest region in the refractive surgery devices (or) equipment market. The regions covered in the refractive surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
A significant driving factor for the growth of the Refractive surgery devices and equipment market is an increase in the geriatric population worldwide with eye disorders. Age-related macular degeneration is the major cause of loss of vision over the age of 65 years. There are many elderly people with refractive errors who require immediate surgical care to cure visual impairment. The rising elderly population throughout the year increases the demand for refractive surgeries. For example, the elderly population in the USA is steadily growing and by 2030, 70 million Americans will be over 65 years of age. Approximately one in three older people have optic disorders which are boosting the refractive surgery devices and equipment market.
Key Industry Players
Major companies operating in the refractive surgery devices and equipment market include Alcon, Johnson & Johnson, Carl Zeiss AG, Valeant Pharmaceuticals, Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., STAAR Surgical Company, Avedro Inc., Lensar Inc., iVIS Technologies, SCHWIND eye-tech-solutions GmbH & Co. KG, Lumenis Ltd., Ellex Medical Lasers Limited., Visx, Refractec LLC, Topcon Corporation, HOYA Corporation, Glaukos Corporation, IRIDEX Corporation, Aaren-Scientific Inc., Lenstec Inc., Oculentis B.V., Ophtec B.V., Rayner Intraocular Lenses Limited, The HumanOptics AG, PhysIOL, Essilor International, NIDEK Co.Ltd., Quantel Medical SAS, Tracey Technologies, Abbott Medical Optics Inc., Oertli Instrumente AG, Topcon Corporation, Ophtec USA Inc., VisionCare Ophthalmic Technologies Inc., Visioneering Technologies Inc., Z-LASER Optoelektronik GmbH
The refractive surgery devices and equipment market report table of contents includes:
1. Executive Summary
2.Refractive Surgery Devices And Equipment Market Characteristics
3.Refractive Surgery Devices And Equipment Market Trends And Strategies
4.Refractive Surgery Devices And Equipment Market analysis
5.Refractive Surgery Devices And Equipment Market Size And Growth
6.Refractive Surgery Devices And Equipment Segmentation
7.Refractive Surgery Devices And Equipment Regional And Country Analysis
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27.Refractive Surgery Devices And Equipment Competitive Landscape And Company Profiles
28.Refractive Surgery Devices And Equipment Key Mergers And Acquisitions
29.Refractive Surgery Devices And Equipment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Alcon
- Johnson & Johnson
- Carl Zeiss AG
- Valeant Pharmaceuticals
- Ziemer Ophthalmic Systems AG
- Nidek Co. Ltd.
- STAAR Surgical Company
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The Global Refractive Surgery Devices Market Report is prepared to club all the essential market details such as market size, share, value, growth, restraints, challenges, and opportunities during the study period of 2020-2025.
The data presented in this report has been gathered on the basis of historical data, primary interviews and expert's estimation of future trends.
The report also covers regional assessment which has been conducted globally.
The detailed content of the market study ensures intellectual insights given a better understanding of the untapped opportunities in the market.This report studies the Refractive Surgery Devices market, Refractive Surgery Devices are the devices used for refractive surgery.Refractive eye surgery is any eye surgery used to improve the refractive state of the eye and decrease or eliminate dependency on glasses or contact lenses.
This can include various methods of surgical remodeling of the cornea or cataract surgery.
The most common methods today use excimer lasers to reshape the curvature of the cornea.
October 10, 2018: This report studies the global market size of Refractive Surgery Devices in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Refractive Surgery Devices in these regions.
This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
This can include various methods of surgical remodeling of the cornea or cataract surgery.
The most common methods today use excimer lasers to reshape the curvature of the cornea.
Request a Free Sample Copy of Refractive Surgery Devices Market Report @ https://www.radiantinsights.com/research/global-refractive-surgery-devices-market-insights-forecast-to-2025/request-sample Refractive eye surgery is any eye surgery used to improve the refractive state of the eye and decrease or eliminate dependency on glasses or contact lenses.
In the last several years, global market of Refractive Surgery Devices developed stably, with an average growth rate of 5.8%.
The Business Research Company’s Refractive Surgery Devices and Equipment Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.The Business Research Company published its Refractive Surgery Devices And Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global refractive surgery devices and equipment market.
The report covers the refractive surgery devices and equipment market’s segments- microkeratome, excimer lasers, femtosecond lasers, YAG lasers, hospitals, ambulatory surgical centers, ophthalmology clinics, astigmatism, near-sightedness, and far-sightedness.Read Full Report @ https://www.thebusinessresearchcompany.com/report/refractive-surgery-devices-and-equipment-global-market-reportRefractive Surgery Devices And Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Place A Sample Request of This Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2600=smpThe focus area for many companies in the refractive surgery devices and equipment market has shifted towards increasing technological advancements in the field of refractive surgery.
