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What is the Expected Growth Rate of the Ophthalmic Medical Lasers Market from 2024 to 2033?

The ophthalmic medical lasers market will increase from $1.2 billion in 2023 to $1.29 billion in 2024, showing a CAGR of 7.6%. This growth is fueled by the aging population, demand for minimally invasive eye surgeries, rising disposable incomes, and greater awareness of ophthalmic medical lasers.

The ophthalmic medical lasers market is projected to grow to $1.69 billion by 2028 at a CAGR of 7.0%. Growth is attributed to the rising prevalence of eye diseases, diabetes, and government initiatives. Key trends include advancements in laser technology and integration with optical coherence tomography (OCT).

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What Key Factors Are Fueling the Growth of the Ophthalmic Medical Lasers Market?

The increasing incidence of ocular disorders is boosting the demand for ophthalmic medical lasers. These lasers are used to treat conditions that affect vision and eye health by reshaping the cornea to improve focus and vision. For instance, the U.S. Centers for Disease Control and Prevention reported in December 2022 that about 20.5 million Americans over 40 have cataracts in at least one eye, with this number expected to rise to around 30 million by 2028. The increase in ocular diseases requiring laser treatment is contributing to the growth of the ophthalmic medical lasers market.

What Are the Major Segments of the Ophthalmic Medical Lasers Market?

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

What New Trends Are Transforming the Ophthalmic Medical Lasers Market?

The ophthalmic medical lasers market is also seeing innovation, with companies focusing on products like Xipere to improve patient outcomes. Xipere is a corticosteroid injected for treating macular edema caused by uveitis. Clearside Biomedical launched Xipere in January 2022, using a patented microinjector for suprachoroidal administration.

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Which Regions Are Driving Growth in the Ophthalmic Medical Lasers Market?

North America was the largest region in the ophthalmic medical lasers market in 2023. Asia-Pacific was the second-largest region in the ophthalmic medical lasers market report. The regions covered in the ophthalmic medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Ophthalmic Medical Lasers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the ophthalmic medical lasers market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Ophthalmic Medical Lasers Market Include

1. Ophthalmic Medical Lasers Market Executive Summary

2. Ophthalmic Medical Lasers Market Segments

3. Ophthalmic Medical Lasers Market Size And Template Market Growth Rate

4. Key Ophthalmic Medical Lasers Market Trends

5. Major Ophthalmic Medical Lasers Market Drivers

……

25. Key Mergers And Acquisitions In The Ophthalmic Medical Lasers Market

26. Top Ophthalmic Medical Lasers Companies

27. Ophthalmic Medical Lasers Market Opportunities And Strategies

28. Ophthalmic Medical Lasers Market, Conclusions And Recommendations

29. Appendix

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