The global refractive surgery devices market is set to experience steady growth, with market valuation anticipated to reach USD 213.0 million by the year 2024. According to recent industry projections, the market is expected to grow at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2034, ultimately offering an absolute dollar opportunity of USD 312.3 million by the end of the forecast period.
Request Your Detailed Report Sample With Your Work Email:
https://www.futuremarketinsights.com/reports/sample/rep-gb-780
Key Takeaways:
- Market Valuation: The refractive surgery device market is projected to reach a valuation of US$ 213.0 million by 2024.
- Growth Rate: The market is expected to expand at a CAGR of 3.90% from 2024 to 2034.
- Future Opportunity: By the end of 2034, the market is anticipated to offer an absolute dollar opportunity of US$ 312.3 million.
- Driving Factors: Key factors fueling this growth include an increasing elderly population and the rise in screen time due to Covid-19 restrictions, leading to a higher prevalence of vision issues requiring correction.
Competitive Landscape:
Owing to its extended existence, the market for equipment used in refractive surgery is crowded with businesses that have established a solid presence abroad. The devices needed for refractive procedures are supplied by these firms to hospitals, ambulatory surgical centers, and emergency clinics.
Alcon Inc., Carl Zeiss Meditec AG, Johnson & Johnson Vision, Bausch + Lomb, NIDEK Co., Ltd., and Ziemer Ophthalmic Systems AG are a few of the leading businesses in the industry. These businesses spend billions of dollars developing innovative technology to streamline, expedite, and improve the quality of surgery.
Recent Developments
- In June 2023, Eye-Q introduced an Advanced Customised LASIK machine at its Rewari eye-care facility, revolutionizing laser vision correction and eliminating the need for patients to travel to Gurugram. The hospital aimed to enhance the quality of life for individuals, particularly youth aged 18-35, by offering world-class eye-care treatments.
- In September 2023, Alcon unveiled its largest-ever scientific program at the 41st Congress of the ESCRS in Vienna, Austria. The event showcased over 75 abstracts, presenting new data and innovations supporting ophthalmic surgical teams across cataract, refractive, visualization, and ocular health fields.
Key Companies in the Market:
- Alcon Inc.
- Carl Zeiss Meditec AG
- Johnson & Johnson Vision
- Bausch + Lomb
- NIDEK Co., Ltd.
- Ziemer Ophthalmic Systems AG
- STAAR Surgical Company
- Abbott Medical Optics
- Topcon Corporation
- Essilor International
- Lumenis Ltd.
- HOYA Corporation
- Haag-Streit AG
- Schwind eye-tech-solutions GmbH
- iVIS Technologies
- Oculentis GmbH
- NIDEK Technologies Srl
- Optovue, Inc.
- OCULUS Optikgeräte GmbH
- Rayner Intraocular Lenses Limited
Customization Available:
https://www.futuremarketinsights.com/customization-available/REP-GB-780
Refractive Surgery Device Market Segmentation:
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
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
Detailed Market Trends Now: Purchase Now to Access:
https://www.futuremarketinsights.com/checkout/780
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube