The Business Research Company’s Refractive Surgery Devices And Equipment Global Market Report 2021 : COVID-19 Impact And Recovery
LONDON, GREATER LONDON , UK, August 31, 2021 /EINPresswire.com/ — According to the new market research report ‘Refractive Surgery Devices And Equipment Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the refractive surgery devices and equipment market size is expected to grow from $0.79 billion in 2020 to $0.91 billion in 2021 at a compound annual growth rate (CAGR) of 15.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.22 billion in 2025 at a CAGR of 7.6%. A significant driving factor for the growth of refractive surgery devices and equipment market is an increase in the geriatric population worldwide with eye disorders.
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The refractive surgery devices (or) equipment market consists of sales of refractive surgery devices. The refractive surgery devices are used to improve or correct the refractive errors such as nearsightedness (myopia), farsightedness (hyperopia), presbyopia or astigmatism.
Trends In The Global 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. For instance, the intrastromal femtosecond laser assisted lenticular corneal excision (Flex-Smile) technique has been found to be very effective for myopic cases of up to 10 diopters with astigmatism up to 3. Also, the advanced femtosecond laser surgical instruments have many unique features such as complete surgical control down to the micron in terms of diameter, depth and edge angle, fast flap creation.
Global Refractive Surgery Devices And Equipment Market Segments:
The global refractive surgery devices and equipment market is further segmented based on product type, end user, application and geography.
By Product Type: Microkeratome, Excimer Lasers, Femtosecond Lasers, YAG Lasers
By End User: Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics
By Application: Astigmatism, Near-Sightedness, Farsightedness
By Geography: The global refractive surgery devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Refractive Surgery Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides refractive surgery devices and equipment global market overviews, analyzes and forecasts market size and growth for the global refractive surgery devices and equipment global market, refractive surgery devices and equipment global market share, refractive surgery devices and equipment market players, refractive surgery devices and equipment market segments and geographies, refractive surgery devices and equipment market’s leading competitors’ revenues, profiles and market shares. The refractive surgery devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Refractive Surgery Devices And Equipment Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Refractive Surgery Devices And Equipment Market Organizations Covered: Alcon, J & J, Zeiss, Bausch and Lomb (Valeant), Ziemer Ophthalmic.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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