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Ophthalmic Medical Lasers Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated
Ophthalmic Medical Lasers Market Characteristics
The Business Research Company offers in-depth market insights through Ophthalmic Medical Lasers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ophthalmic medical lasers market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to aging population, demand for minimally invasive eye surgeries, rising disposable incomes, increasing awareness of ophthalmic medical lasers, increase in myopia.
The ophthalmic medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to continued growth in the prevalence of eye diseases, rising incidence of diabetes, regenerative medicine, growing focus on preventive eye care, government initiatives f. Major trends in the forecast period include advancements in laser technology, advancements in ophthalmic medical lasers, gene therapy and lasers, optical coherence tomography (oct) integration.
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Market Segmentation:
The main products of the ophthalmic medical lasers are diode lasers, femtosecond lasers, excimer lasers for aromatherapy, ND:YAG lasers, and others. A diode laser is a semiconductor that produces coherent radiation with the same frequency and phase, either in the visible or infrared spectrum, using a p-n junction. The various applications include refractive error correction, cataract removal, diabetic retinopathy, glaucoma, age-related macular degeneration, and others. The various end-users are hospitals, specialty clinics, and ambulatory surgery centers.
Major Driver - Rising Incidence Of Ocular Disorders Fuels Growth In The Ophthalmic Medical Lasers Market
The rising incidence of ocular disorders is driving the demand for the ophthalmic medical lasers market. Ocular disorders are the ones that affect vision and eye health in patients of all ages and treatment with lasers helps reshape the eye cornea for better focus, which contributes to an improved vision. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40 have a cataract in at least one eye, or 17.2% of the population. It is anticipated that approximately 30 million people will develop cataracts by 2028. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market .
Competitive Landscape:
Major companies operating in the ophthalmic medical lasers market include Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, NIDEK Co. Ltd., Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., Lumibird Medical, Quantel Inc., Coherent Inc., Ocular Instruments Inc., Ellex Medical Lasers Limited, LENSAR LLC, LIGHTMED Corporation, Menicon Co. Ltd., Novartis AG, Omeros Corporation, Oxurion NV, Pfizer Inc., Recipharm AB, Regeneron Pharmaceuticals Inc., Roche Holding AG, Rohto Pharmaceutical Co. Ltd., Santen Pharmaceuticals, SCHWIND eye-tech-solutions GmbH & Co. KG, Staar Surgical Company, Teva Pharmaceutical Industries Ltd., ThromboGenics NV, Veeva Systems Inc.
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Top Trend - Increasing Focus On Innovative Products Such As Xipere To Provide Reliable Services To Their Customers
Major companies operating in the ophthalmic medical lasers market are focusing on the development of innovative products such as Xipere to provide reliable services to their customers. Xipere (triamcinolone acetonide) is a corticosteroid that is injected suprachoroidally for the treatment of macular oedema brought on by the eye inflammation. For instance, in January 2022, Clearside Biomedical Inc. a US-based biopharmaceutical company that specializes in developing innovative drug delivery solutions for the treatment of eye diseases got its first FDA approval for treating macular edema brought on by uveitis. Xipere contains triamcinolone acetonide, which is a corticosteroid medication used for the treatment of macular edema associated with uveitis. Xipere is sterile, free of preservatives, and designed for suprachoroidal administration utilizing clearside's patented microinjector for the suprachoroidal space (SCS) .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ophthalmic Medical Lasers Market Characteristics
3. Ophthalmic Medical Lasers Market Trends And Strategies
4. Ophthalmic Medical Lasers Market - Macro Economic Scenario
5. Ophthalmic Medical Lasers Market Size And Growth
…..
27. Ophthalmic Medical Lasers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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