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.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
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5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
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