Europe Refractive Surgery Devices Market Destine to Reach USD 746.40 Million with Growing CAGR of 7.6% By 2029

According to a Comprehensive Research Report by Data Bridge Market Research on Europe Refractive Surgery Devices Market Research Report is an expert's analysis which mainly includes Companies, Product type, Distribution channel, Application etc. Also the reports give analysis on sales, revenue, trade, competition, and investment, forecast. Europe Refractive Surgery Devices Market research covers impacts on the upstream, midstream and downstream industries.

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The refractive surgery devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2022 to 2029 and is expected to reach USD 746.40 million by 2029 from USD 422.98 million in 2021.

Market Outline: -

Refractive surgery devices are used to improve or correct refractive errors such as nearsightedness (myopia), farsightedness (hyperopia), presbyopia, or astigmatism. These devices include excimer lasers, YAG Lasers, microkeratomes, and femtosecond lasers. Refractive surgeries highly reduce the dependency on eyeglasses or contact lenses. Various refractive devices are used in the market to treat vision defects.

Refractive errors are caused due to the improper shape of the cornea or eyeballs. Refractive surgery procedure includes the reshaping of the eyeballs or cornea using various refractive surgery devices such as advanced lasers, LASIK treatments, photorefractive keratectomy, and various lenses such as phakic intraocular lenses and toric intraocular lenses.

Some of the major players operating in the Europe Refractive Surgery Devices Market are

Tracey Technologies, Bausch + Lomb Incorporated, BD, STAAR SURGICAL, SCHWIND eye-tech-solutions, Hoya Surgical Optics, Johnson & Johnson Services, Inc., Ophtec BV, Glaukos Corporation, Amplitude Laser, Reichert, Inc., NIDEK CO., LTD., Ziemer Ophthalmic Systems, ROWIAK GmbH, Moria, LENSAR, Inc., Topcon Canada Inc. (A subsidiary of Topcon Corporation), Aaren Scientific Inc., Rayner Intraocular Lenses Limited., iVIS Technologies, Alcon, among others.

For instance,

A 2016 study in the Journal of Cataract & Refractive Surgery found that LASIK has a 96% patient satisfaction rate
As per the article, "LASIK: Know the Rewards and the Risks," 2018

Eric Donnenfeld, MD, a former president of the American Society of Cataract and Refractive Surgery, completed around 85,000 procedures over his 28-year career

According to Market Scope, around 10 million Americans have had LASIK surgery since the FDA first approved it in 1999. Around 700,000 LASIK surgeries are done each year, but that's down from a peak of 1.4 million in 2000

Henceforth, the rising number of successful LASIK surgeries worldwide is positively associated with product development, product registration, and product launch. Thus, this is expected to drive the refractive surgery devices market in the coming years.

Strategic initiatives by market players
An increase in the burden of refractive errors across the world have created more demand for the refractive surgery devices market. The main aim is to improve health management with the development of innovative products and surgery types for quality care with the convenient application. The key players in the refractive surgery devices market have taken strategic initiatives, which include product launches, acquisitions, and many more, and are expected to lead and create more opportunities in the refractive surgery devices market.

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