What Is The Refractive Surgery Devices And Equipment Market Overview In 2022?
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The refractive surgery devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 9%, as per The Business Research Company’s market report!
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The Refractive Surgery Devices And Equipment Market Size In 2022 And Forecast
The global refractive surgery devices and equipment market grew from $0.13 billion in 2021 to $0.15 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The refractive surgery devices and equipment market is expected to grow to $0.21 billion in 2026 at a CAGR of 8.9%.
The refractive surgery devices (or) equipment market consists of sales of refractive surgery devices.
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Globally Increase In The Geriatric Population With Eye Disorders Is Driving The Growth Of The Refractive Surgery Devices And Equipment Market
For example, the elderly population in 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.
Competitive Landscape And The Regional Analysis Of The Refractive Surgery Devices And Equipment Market
Major players in the refractive surgery devices and equipment market are Alcon, J & J, Zeiss, Bausch, and Lomb (Valeant), Ziemer Ophthalmic, Nidek, STAAR, Avedro, Lensar, and iVIS Technologies.
Additionally, as per TBRC’s research – North America was the largest region in the refractive surgery devices and equipment market in 2021 holding the largest market share.
The Refractive Surgery Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the refractive surgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the refractive surgery devices and equipment market.
Increasing Technological Advancements – A Key Trend In The Refractive Surgery Devices And Equipment Market
The focus areas for many companies in the refractive surgery devices and equipment market has shifted towards increasing technological advancements in the field of refractive surgery. Advanced technologies used for correcting refractive errors expand the scale of the treatment, reduce the time and labor costs. The new corneal refractive surgical techniques such as femtosecond corneal surgery technique, pseudophakic intraocular lenses, intraocular rings and segments, and corneal stiffening techniques such as collagen crosslinking may impact the market significantly.
Refractive Surgery Devices And Equipment Market Segmentation By The Business Research Company
1) By Product Type: Microkeratome, Excimer Lasers, Femtosecond Lasers, YAG Lasers
2) By End User: Hospitals, Ambulatory Surgical Centres, Opthalmology Clinics
3) By Application: Astigmatism, Near-sightedness, Farsightedness
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