According to the most recent study released by Future Market Insights, a leading Market Research firm, the Refractive Surgery Devices Market Size is currently valued at US$ 195.1 Million and is expected to reach US$ 446.2 Million by the end of 2032 at a CAGR of 7.7%. Furthermore, the market is predicted to provide a US$ 235 million absolute dollar opportunity over the next ten years.
In 2021, the Lasers sector contributed the highest revenue in the Global Refractive Surgery Devices Market, growing at an 8.2% CAGR. This is due to technological developments and an increase in the use of laser vision correction operations. The expected growth rate is significantly lower than the 9.5% rate between 2017 and 2021.
Unlock growth potential with industry expertise. Download your market sample report now: https://www.futuremarketinsights.com/reports/sample/rep-gb-780
Furthermore, myopia is the dominant application category in the Global Refractive Surgery Devices Market. It is expected to grow at a Compound Annual Growth Rate of 9% between 2022 and 2032. This is because the global incidence of myopia has increased the likelihood of vision impairment. Myopia has been a prevalent issue among youngsters throughout the epidemic as a result of increased screen usage.
Key Takeaways from the Market Study:
- The market is predicted to grow at a 7.7% CAGR, which is little lower than the 8.1% CAGR recorded in the past.
- The global market for Refractive Surgery Devices will be worth US$ 446.2 million by the end of 2032.
- The market is estimated to offer an absolute dollar potential of US$ 235 million between 2022 and 2032.
- Among other product type segments, the lasers section leads with an 8.2% CAGR, while its historical growth rate was 9.5% between 2017 and 2021.
- The US market for Refractive Surgery Devices accounts for about 26% of the global market. During the projection period, it is expected to increase at a CAGR of 7.3%.
- Market revenue through Myopia leads among the all the application-based segments. Revenue through this application is expected to grow at a CAGR of 9% during the forecast period.
With the introduction of technologically advanced and minimally invasive techniques in refractive surgical devices, the patients have numerous options for reducing their reliance on contact lenses and spectacles, as well as taking corrective treatments for refractive issues, comments a Future Market Insights analyst.
Ask More About This Market’s Geographical Distribution Along With a Detailed Analysis of the Top Regions: https://www.futuremarketinsights.com/ask-question/rep-gb-780
Competitive Landscape:
The Refractive Surgery Devices Market is driven by the Market players who are expanding their product portfolios by highly investing in the R&D and Product development areas. Government funding, technological breakthroughs, regulatory clearances, mergers and acquisitions, and a diversified product offering have all helped to maintain the environment competitive. The leading companies are expected to gain from new product releases and the expansion of present operations in the untapped international market.
The major players in the Refractive Surgery Devices Market are:
- Alcon
- Bausch & Lomb Incorporated
- Carl Zeiss Meditec AG
- Essilor
- Johnson & Johnson Services, Inc.
- NIDEK CO. LTD.
- Quantel Medical
- SCHWIND eye-tech-solutions
- TOPCON CORPORATION
The major developments in the Refractive Surgery Devices Market are:
- In February 2022, The Janssen Pharmaceutical Companies of Johnson & Johnson announced that CARVYKTI had been approved by the US Food and Drug Administration (FDA) for treating adults with relapsed or refractory multiple myeloma. This approval demonstrates J&J’s ongoing commitment to providing additional therapeutic alternatives.
- In March 2021, Bausch Health companies agreed to sell their stake in Amoun Pharmaceutical Company, an Egypt based human and animal health Product Company, to ADQ for US$ 740 Million.
Get Access to Competition Benchmarking and Market Share Analysis at a discounted price: https://www.futuremarketinsights.com/checkout/780
Key Segments Covered In Refractive Surgery Devices Market Analysis:
By Product Type:
- Lasers
- Microkeratome
- Aberrometers
- Other Product Types
By Application:
- Myopia
- Hyperopia
- Astigmatism
- Presbyopia
- Dry Eyes
By End-use:
- Hospitals
- Ambulatory Surgery Centers
- Ophthalmology Clinics
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs