Ophthalmic Lasers Market to Reach USD 1.55 Billion By 2027 | Companies- Carl Zeiss Meditec, Ziemer, Lumenis Ltd, etc
: New York, United States, 21th-July-2020, (Via WiredRelease), (Reports and Data) – The Global Ophthalmic Lasers Market was valued at USD 1.05 billion by the year 2019 and is expected to reach USD 1.55 billion in the year 2027, at a CAGR of 4.9%. Lasers have become a factor of a necessity for ophthalmologists. These provide proper treatment of various eye disorders with fewer chances of infection. The lasers depend on the radioactive material; it cures diabetic retinopathy as the blue, green wavelengths are formed, and the cells absorb the wavelengths below the retina and the hemoglobin itself.
According to the recent survey conducted, around 285 million people are visually blind. 43% of the population have refractive errors, and 51% (including the 50 above population) suffer from cataract. Latest therapies in the market involves the scatter laser treatment, used to cure the slow progression of diabetic retinopathy and also in patients suffering from the successive loss of vision with non-high risk Proliferative Diabetic Retinopathy and Non-proliferative Diabetic Retinopathy.
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This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are also covered in the report.
In market segmentation by manufacturers, the report covers the following companies-: Abbott Medical Optics, Inc., Johnson and Johnson (USA), Alcon Laboratories (Switzerland), Bausch and Lomb (United States) and Others
For the purpose of this report, Reports and Data has segmented the ophthalmic lasers market on the basis of products, application, end use and region wise segmentation.
Product Outlook (Revenue in Million USD; 2016–2026)
Application Outlook (Revenue in Million USD; 2016–2026)
Age related macular degeneration treatment
Refractive eye surgery
Diabetic Retinopathy Treatment
End Use Outlook (Revenue in Million USD; 2016–2026)
Ambulatory surgery centers
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Region Outlook (Revenue in Million USD; 2016–2026)
Middle East & Africa
Further key findings from the report suggest
The hospital segment is going to project the largest share of the market due to new forefront technology in machines and devices and progressive growth of hospitals in upcoming segments.
A formal agreement has been formed between Lumibird, a market player based in Europe and Ellex Medical Lasers an Australian company, to obtain Ellex’s laser and ultrasound market thereby making it applicable for treatment of optical diseases.
Technology consulting firm, IDTechEx, gave a demonstration on the recent advances in laser technology, is applied in laser material processing and industrial manufacturing.
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To gain insightful information on the Ophthalmic Lasers market for the period 2020-2027 to help readers better understand the global market and its commercial landscape.
To investigate production processes, major issues and challenges, and solutions to capitalize on the growth opportunities.
To study drivers and restraints that are influencing the growth of the Ophthalmic Lasers market.
An examination of strategic initiatives taken by leading companies.
To give market estimation and prospects for the Ophthalmic Lasers market.
Market estimations for 2020-2027 include the growth trends with the latest market information and SWOT analysis.
To provide information available on the past and present market scenarios of the Ophthalmic Lasers industry and draw accurate forecasts.
A detailed Ophthalmic Lasers market demand & supply dynamics.
Identify the current opportunities in the Ophthalmic Lasers Market by relying on the upcoming projects and market size overview.
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