Opthalmic Surgical Systems Market Size Projected to Rise Lucratively during 2028(Laser Ophthalmic Surgical Systems Photocoagulating lasers Photodisrupting lasers Photoablating lasers)
There is an increase in number of ophthalmic surgery in the resent few years. According to National Eye Institute (NEI), more than 24.4 million Americans suffer from cataracts. Increase in prevalence of cataracts globally is one for the factors driving the growth of the ophthalmic surgical systems market. Additionally there has been a decrease in the cost of cataract surgery of up to 85% from 1985 to 2012 and is further expected to decrease in the future due to development of technology. The reducing cost of surgery is expected to increase the adoption rate through the forecast period, which would drive the growth of the phacoemulsification ophthalmic surgical systems segment of the ophthalmic surgical system market.
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Although, factors such as increase in medical tourism, rise in ageing population and advancement in technology is expected to drive the growth of the ophthalmic surgical systems market, factors such as stringent regulations for medical device approvals, lack of skilled professionals and high cost of devices is expected to hinder the growth of the ophthalmic surgical systems market through the forecast period.
The global market for Ophthalmic Surgical Systems is segmented on basis of product type, application, end user and geography.
Based on the vaccine type, the global Ophthalmic Surgical Systems market is segmented into:
Laser Ophthalmic Surgical Systems
Phacoemulsification Ophthalmic Surgical Systems
Based on the application, the global Ophthalmic Surgical Systems market is segmented into:
Diabetic Retinopathy Laser Surgery
Based on the end user, the global Ophthalmic Surgical Systems market is segmented into:
Ambulatory Surgical Centers
Academic & Research Institutes
Based on product type the ophthalmic surgical systems market is broadly classified into laser ophthalmic surgical systems and phacoemulsification ophthalmic surgical systems. These devices are used for a number of applications including glaucoma-laser trabeculoplasty, refractive surgery, macular degeneration, cataract surgery and diabetic retinopathy laser surgery. Most of the ophthalmic surgical systems are used in hospitals, specialty clinics, ambulatory surgical centers, and in research institutions. Increasing prevalence of eye disorders coupled with large patient pool treated at hospitals, high purchasing power of hospitals, and increasing number of hospitals in emerging economy are some of the factors that drive the growth of the hospital segment of the ophthalmic surgical systems market globally, making it the largest segment in the end user market of ophthalmic surgical systems.
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Ophthalmic Surgical Systems market is expected to hold the maximum share in the North America and Europe region combined. Increase in prevalence of eye disorders, increasing awareness, favorable regulations and reimbursements are some of the factors that is expected to drive the growth of the ophthalmic surgical systems market in North America and Europe. Factors such as increasing geriatric population, increasing medical tourism in the Asia Pacific region is expected to drive the Asia Pacific market for Ophthalmic Surgical Systems at a significantly high rate.
Some of the distinguished ophthalmic surgical systems market players include, Carl Zeiss Meditec, DORC Intenational, Aurolab, Volk, IRIDEX Corporation, Abbott Laboratories, Ziemer sGroup, Katalyst Surgical, NIDEK, and Novartis among others.
The report covers exhaustive analysis on:
Ophthalmic Surgical Systems Market Segments
Ophthalmic Surgical Systems Market Dynamics
Historical Actual Ophthalmic Surgical Systems Market Size, 2013 - 2017
Ophthalmic Surgical Systems Market Size & Forecast 2017 to 2026
Ophthalmic Surgical Systems Market Current Trends/Issues/Challenges
Competition & Companies involved
Ophthalmic Surgical Systems Market Drivers and Restraints
Regional analysis includes
Asia Pacific excluding China
Middle East & Africa
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
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