Ophthalmic Lasers Market Is Expected To Grow At A CAGR Of 5.9% From 2014 To 2025: Grand View Research, Inc.
The global ophthalmic lasers market is
anticipated to reach USD 1.6 billion by 2025, according to a new report by
Grand View Research, Inc. Ophthalmic disorders are rising significantly on a
global level. This rise in the prevalence rate has led to high growth of
ophthalmic lasers market.
According to American Academy of
Ophthalmology 2014 statistics, nearly 4.2 million people in the U.S. are
visually impaired. Huge number of people suffering from visual impairment are
likely to heighten the demand for ophthalmic lasers in the coming years.
Vision loss is a serious problem
among people suffering from glaucoma, cataract, age-related macular
degeneration (AMD), and diabetic retinopathy. This commonly occurs among the
geriatric population. American Academy of Ophthalmology stated that, around 1.3
million U.S. population are blind. Hence, in order to minimize such huge rate
of vision loss, there is a high need for the application of ophthalmic laser
technology.
Geriatric population are the
primary target for the market. Majority of the chronic ophthalmic disorders,
for instance, cataract and AMD occur among this group of population. However,
refractive errors are also very common among the young people. Thus, growing
number of victims of chronic eye diseases has led to an expected growth of the
market.
Browse full research report on Ophthalmic Lasers Market: http://www.grandviewresearch.com/industry-analysis/ophthalmic-lasers-market
Further key findings from
the study suggest:
- In 2016, femtosecond lasers dominated the market due
to rising prevalence of refractive errors among both geriatric and young
population
- Amongst the application segment, refractive error
corrections held the largest market share in 2016 due to large number of
surgeries conducted for refractive errors
- Cataract removal is anticipated to show lucrative
growth over the forecast period owing to the rising prevalence of cataract
removal surgeries among the geriatric people
- In 2016, hospitals contributed towards the largest
revenue share owing to the emergence of large number of hospitals in
developing economies
- North America dominated the market in 2016 due to
rising prevalence of ophthalmic disorders in this region
- Asia Pacific is expected to show lucrative growth
over the forecast period owing to the increase in awareness levels among
people in developing countries about various treatments for chronic eye
disorders
- Few major companies include Carl Zeiss Meditec AG,
Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Ellex Medical
Lasers Limited, Lumenis, and Bausch & Lomb Incorporated.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the ophthalmic lasers
market on the basis of product, application, end-use, and region:
Ophthalmic Lasers Product Outlook (Revenue, USD Million,
2014 - 2025)
- Diode
Lasers
- Femtosecond
Lasers
- Excimer
Lasers
- Nd:YAG
lasers
- SLT
Lasers
- Others
Ophthalmic Lasers Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Glaucoma
- Cataract Removal
- Refractive
Error Corrections
- Diabetic
Retinopathy
- AMD
- Others
Ophthalmic Lasers End-use Outlook (Revenue, USD Million,
2014 - 2025)
- Hospitals
- Ambulatory
Surgical Centers
- Ophthalmic
Clinics
Ophthalmic Lasers Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-ophthalmic-lasers-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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