The Ophthalmic Laser market is projected to grow at a CAGR of 6.09% to reach US$706.588 million by 2023, from US$495.529 million in 2017. Growing prevalence of ophthalmic diseases like glaucoma, cataract and other vision related issues and increasing initiatives by the government to control visual impairment are expected to drive the growth of the market. Moreover rapid growth in geriatric population who are more susceptible to eye disease or eye disorders also fuels the growth of the ophthalmic Laser market. However huge cost associated with Ophthalmic Laser Therapies are considered as the restraining factor for the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Ophthalmic Laser value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Ophthalmic Laser market.
Major industry players profiled as part of the report are Ellex Medical Lasers limited, Alcon Laboratories, Inc., Topcon Corporation, Carl Zeiss Meditec AG, Iridex Corporation and Nidek Co among others.
The Ophthalmic Laser market has been analyzed through following segments:
Corneal and cataract surgery
By End Users
Hospitals and Clinics
Ambulatory Surgery Centers
Eye Research Institutes
Middle East and Africa
United Arab Emirates