Excimer and Femtosecond Ophthalmic Lasers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Excimer and Femtosecond Ophthalmic Lasers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Report Digest
Excimer and Femtosecond Ophthalmic Lasers Market: Overview
Growing prevalence of ophthalmic disorders such as glaucoma, age-related macular degeneration (AMD), cataract, diabetic retinopathy, refractive disorders, retinal disorders, and cataract is anticipated to drive excimer and femtosecond ophthalmic lasers market.
As per a report published by National Center for Biotechnology Information (NCBI), in the year 2013, number of people diagnosed with glaucoma was estimated to be approximately 64.3 million across the world. The number is likely to grow during the forecast period.
Such large number of people suffering from glaucoma is anticipated to fuel demand for excimer and femtosecond ophthalmic lasers market.
The upcoming reports provides comprehensive details about key factors driving the growth of the global excimer and femtosecond ophthalmic lasers market. It includes details of various segments and drivers likely to boost market in the tenure of forecast period (2019-2027). Further, factors which may restrain market growth is also discussed in the report.
Excimer and Femtosecond Ophthalmic Lasers Market: Competitive Analysis
In the section of report, growth strategies undertaken by various companies operating in the global excimer and femtosecond is focused upon. Mergers and acquisitions is likely to influence the global market during the forecast period (2019-2027).
For instance, in 2010, Alcon Inc. acquired LenSx Lasers Inc. - a private company to develop femtosecond laser and received approval from the U.S. FDA.
Similarly, in 2013, Abbott acquired OptiMedica. The acquisition further aided expansion of Abbott Labs vision care into the femtosecond laser-assisted cataract surgery market.
Some of the key players operating in the global ophthalmic lasers market are Ellex Medical Lasers Limited, Alcon Laboratories Inc., Abbott Medical Optics Inc., IRIDEX Corporation, NIDEK Co. Ltd., Bausch & Lomb Incorporated, Ziemer Ophthalmic Systems AG, Carl Zeiss Meditec AG, Lumenis, and Topcon Corporation.
Excimer and Femtosecond Ophthalmic Lasers Market: Key Trends
The section of report provides detailed information regarding key trends that are likely to boost growth of the global excimer and femtosecond ophthalmic lasers market during the forecast period (2019-2027). Growing prevalence of diabetes and growing geriatric population globally are some of the key factors driving demand for excimer and femtosecond ophthalmic lasers.
Excimer and Femtosecond Ophthalmic Lasers Market: Regional Analysis
In the regional section, the report focusses on key segments contributing maximum to the global excimer and femtosecond ophthalmic lasers market. It focuses on market size in five major regions, namely: Asia Pacific (APAC), North America, Europe, Middle East and Africa (MEA), and South & Central America.
In recent years, North America held prominent position in the global market due to growing healthcare expenditure in the U.S. and development of world-class healthcare infrastructure in the country. Further, growing prevalence of ophthalmic disorders is anticipated to underpin the demand of these products in the regions.
Registering aforementioned factors, the North America market is anticipated to hold significant share in the global market in coming years as well.
Lately, growing geriatric population in Europe has led to high number of cases of ophthalmic disorders. As a result, Europe market is anticipated to showcase lucrative growth rate during the forecast period.
Meanwhile, Asia Pacific market is projected to expand substantially in forthcoming years, owing to growing prevalence of cataract removal surgeries in developing economies such as India and Indonesia.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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