The Refractive Surgery Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Refractive Surgery Devices And Equipment Global Market Report 2024, The refractive surgery devices and equipment market size has grown rapidly in recent years. It will grow from $0.17 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to vision correction demand, technological advancements, patient safety and satisfaction, aging population.
The refractive surgery devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $0.32 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to customized refractive surgery, emerging markets, myopia control, technological innovations. Major trends in the forecast period include femtosecond laser-assisted cataract surgery, smile surgery, enhanced postoperative monitoring, artificial intelligence (ai) in surgery planning.
A significant driving factor for the growth of the Refractive surgery devices and equipment market is an increase in the geriatric population worldwide with eye disorders. Age-related macular degeneration is the major cause of loss of vision over the age of 65 years. There are many elderly people with refractive errors who require immediate surgical care to cure visual impairment. The rising elderly population throughout the year increases the demand for refractive surgeries. For example, the elderly population in the USA is steadily growing and by 2030, 70 million Americans will be over 65 years of age. Approximately one in three older people have optic disorders which are boosting the refractive surgery devices and equipment market.
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The refractive surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Microkeratome; Excimer Lasers; Femtosecond Lasers; YAG Lasers
2) By Application: Astigmatism; Near-sightedness; Farsightedness
3) By End User: Hospitals; Ambulatory Surgical Centres; Opthalmology Clinics
The refractive surgery devices and equipment market report table of contents includes:
- Executive Summary
- Refractive Surgery Devices And Equipment Market Characteristics
- Refractive Surgery Devices And Equipment Market Trends And Strategies
- Refractive Surgery Devices And Equipment Market – Macro Economic Scenario
- Global Refractive Surgery Devices And Equipment Market Size and Growth
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- Global Refractive Surgery Devices And Equipment Market Competitive Benchmarking
- Global Refractive Surgery Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Refractive Surgery Devices And Equipment Market
- Refractive Surgery Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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