Ophthalmic Lasers Market is likely to be valued at US$ 1.3 Bn by 2030-end, expanding at a CAGR of 5%

Leading players in the ophthalmic laser market are investing increasingly in laser refractive surgical procedures, owing to high success rates and superior operational outcomes. The growing geriatric population, increasing initiatives for treatment of vision impairment, and increasing prevalence of various chronic ophthalmic disorders are expected to drive the ophthalmic lasers market over the predicted years

The ophthalmic lasers market is expected to reach a US$ 1.3 billion by the end of the assessing period between the years 2020 and 2030. The coronavirus pandemic has resulted in a significant short-term downturn in the requirement for ophthalmic lasers. Lockdown restrictions have limited supply and distribution capabilities. In addition, restrictive guidelines on elective medical procedures will hurt demand in the near term. However, recovery is likely to be strong towards 2021.

“The rate of partial or complete blindness has risen substantially in the recent past and is expected to continue growing well into the coming decade. These issues are further compounded by growing cases of glaucoma, cataract, and diabetes, which will provide growth opportunities to ophthalmic laser manufacturers,” says the FMI report.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1529

Ophthalmic Lasers – Primary Takeaways

• Applications ophthalmic clinics are displaying high potential for growth, owing to growing number of facilities providing treatments for chronic ocular issues.
• YAG lasers are gaining user interest, with improvements in results for corneal, glaucoma, and retinal surgeries.
• Asia Pacific is a displaying high potential towards the adoption of ophthalmic lasers, owing to high incidence rates for diabetes and cataracts.

Ophthalmic Lasers – Growth Factors

• Growth in the regulatory approvals of new ophthalmic laser devices and treatments are beneficial for market prospects.
• Sustained growth in investments for healthcare infrastructure drives sales and use of ophthalmic lasers.

Ophthalmic Lasers – Major Constraints

• Lack of awareness about ophthalmic laser treatment options, particularly in rural areas are holding back market growth.
• High costs associated with ocular laser treatments is hindering adoption of related equipment.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-1529

The Projected Impact of Coronavirus

Ophthalmic medical procedures and around the world have been postponed or severely curtailed in many parts of the world under lockdown regulations during the coronavirus pandemic. Further, supply and distribution channels for ophthalmic laser manufacturers are facing challenges in terms of logistics and transport. These factors are expected to hinder growth of the market in the short term. However, demand is likely to recovery steadily towards 2021 helping clear the backlog of ocular ailment treatments.

Competition Landscape

The ophthalmic lasers market comprises players including but not limited to NKT Photonics A/S, Zeiss International, iVIS Technologies, Nidek Inc., Lensar LLC, Bausch & Lomb Inc., Novartis AG, Abbott Laboratories, Zeimer Ophthalmic Systems AG, and SCHWIND Eye-Tech Solutions.

Players operating in the ophthalmic lasers market have been increasingly invested in widening their product portfolios with acquisition and long-term product development strategies, for a wider range of treatments.

For instance, ELT Sight has announced its acquisition of the IP and assets of excimer ophthalmic laser systems from MLase AG. Schwind eye-tech solutions has received the approval of European CE certification for its ATOS femtosecond laser. Further, the Fyodorov Eye Microsurgery Complex has unveiled a new laser-based artificial eye-lens replacement surgery, aimed towards improving regeneration.

More About the Study

The FMI study provides detailed insights on ophthalmic lasers. The market is broken down in terms of product type (excimer and femtosecond), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics) and end user (hospitals, ophthalmology clinics, and ambulatory surgical centers), across seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/1529

Explore Future Market Insights Coverage of the Healthcare, Pharmaceuticals & Medical Devices Industry

Microfluidics Market: Find insights on the microfluidics market with segment analysis, statistics, influencing factors, players and key strategies adopted by market players for a 10-year forecast period.

Veterinary Vaccines Market: FMI’s report on the veterinary vaccines market offers details on the market between 2020-2030. The study covers influencers, revenue sources, market leaders, and strategies.

Lung Cancer Surgery Market: Get an in-depth analysis on the lung cancer surgery market with insights on growth levers, opportunities, policies, restraints, regional markets and market leaders.

About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/ophthalmic-lasers-therapeutic-market

Press Release Source: https://www.futuremarketinsights.com/press-release/ophthalmic-lasers-therapeutic-market