The latest market report published by Credence Research, Inc. “Global Refractive Surgery Devices Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global refractive surgery devices market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 7.90% between 2023 and 2030. The market was valued at USD 171.5 million in 2022 and is expected to reach USD 292.02 million in 2030.
The global refractive surgery devices market is segmented by product, application, end use, and region. Lasers are the most popular product type, while myopia is the leading category in terms of application. Hospitals are the dominant end use category, with North America leading the market growth.
The global refractive surgery devices market has witnessed steady growth in recent years, driven by the increasing prevalence of refractive errors and other eye conditions. The market is highly competitive, with key players including Johnson & Johnson Services, Inc., Carl Zeiss Meditec AG, Alcon, Bausch & Lomb Incorporated, Quantel Medical, TOPCON CORPORATION, Essilor, NIDEK CO., LTD., SCHWIND eye-tech-solutions, and others. These companies focus on product innovation, expanding their end uses, and strategic partnerships to stay ahead in the market.
North America Refractive Surgery Devices Market is a growing industry that offers various opportunities for market players. One of the key growth trends in this market is the increasing demand for LASIK surgeries. This trend has been driven by factors such as advancements in technology, improved safety and efficacy of procedures, and an increase in patient awareness about refractive surgery options. Additionally, there is a growing demand for non-invasive or minimally invasive options such as SMILE (Small-Incision Lenticule Extraction) surgeries which are becoming increasingly popular among patients who want to avoid traditional LASIK procedures. Other key drivers of growth include rising healthcare expenditure from governments and private organizations, increasing investments by manufacturers on R&D activities to develop new products with advanced features, and expanding distribution networks across North America to reach more customers efficiently.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Refractive Surgery Devices Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Route of Administration and Application
- Major nations in each region with their import/export statistics
- The global Refractive Surgery Devices Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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