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Global Microkeratome Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Microkeratome Market
Global microkeratome market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Microkeratome Market
Microkeratome is a precision surgical instrument which has an oscillating blade designed for creating a corneal flap for refractive related surgeries and also in LASIK and ALK surgery. The microkeratome is generally used to cut the cornea flap where it creates an 83 to 200 mm thick flap. The applanation head, or the plate, flattens the cornea in advance of the cutting blade. The length of the blade extends beyond the applanation plate, the clearance between the blade and the applanation surface determines the thickness of the flap.
Market Dynamics: Microkeratome Market
Increase in the prevalence of eye disorders is majorly driving the growth of the microkeratome market. The growing geriatric population along and rise in the technological advancements in surgeries are also influencing the growth of the microkeratome market. The growing awareness about the advanced treatment options among the patient pool fueling the market growth. However, the higher cost involved in the treatment may hinder the growth of the market. The dearth of skilled professionals and poor support from the government is likely to restrain the growth of the microkeratome market.
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Market Scope: Microkeratome Market
Microkeratome market is segmented based on application, product and end user
Based on the application, the market is segmented into the following:
• Epiretinal Membrane
• Diabetic Retinopathy
• Retinal Detachment
• Others
Based on the product, the market is segmented into the following:
• Disposable
• Reusable
Based on the end user, the market is segmented into the following:
• Hospitals
• Ophthalmic Centers
• Others
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Regional Analysis: Microkeratome Market
Geographically, global microkeratome market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America microkeratome market is growth driven by increase in the prevalence of eye disorders. The growing age related eye disorders in the aging patient pool and higher adoptability of the modern advanced technological treatments and the affordability of the surgical procedures are driving the market revenue growth in the region. The European and the Asia pacific regions are expected to grow at significant rate over the forecast period due to developing healthcare infrastructure in this regions.
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Competition Assessment: Microkeratome Market
Some of the players in the global microkeratome market include:
• Alcon, Inc. (U.S)
• Johnson & Johnson Vision Care (U.S)
• CooperVision (U.S)
• Bausch & Lomb Incorporated (U.S)
• Essilor International (France)
• Hoya Corporation (Japan)
• Carl Zeiss AG (Germany)
Notable Market Developments: Microkeratome Market
In February 2017, Johnson & Johnson completed the acquisition of Abbott Medical Optics.
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