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A recent report published by Infinium Global Research on ophthalmic surgical technologies market provides in-depth analysis of segments and sub-segments in the global as well as regional ophthalmic surgical technologies market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ophthalmic surgical technologies market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ophthalmic surgical technologies market.
Ophthalmic surgery involves surgical procedures performed by ophthalmologists on the eye and its related structures. Common eye ailments include cataracts, glaucoma, macular degeneration, strabismus, uveitis, and eye tumors. Various advanced technologies, such as femtosecond systems, excimer laser systems, phacoemulsification systems, and YAG laser systems, are employed in ophthalmic surgery. Femtosecond laser technology, in particular, is widely used for LASIK procedures to correct myopia (nearsightedness) and in cataract treatment.
The growth of the ophthalmic surgical technologies market is driven by the increasing prevalence of eye disorders and the expanding global elderly population. Notably, femtosecond laser-assisted cataract surgery has gained significant traction. Cataract surgery is one of the most commonly performed surgical procedures globally, with approximately 19 million surgeries conducted annually. The World Health Organization predicts a near doubling of the global population over 60 years old, from 12% to 22%, between 2015 and 2050. Additionally, rising awareness regarding minimally invasive surgical techniques and increased government funding for healthcare infrastructure are bolstering the ophthalmic surgical technologies market. However, the high costs associated with ophthalmic surgery instruments and a shortage of skilled professionals may hinder market growth. To overcome these challenges, market leaders should focus on exploring new technologies and innovations in the field of ophthalmic surgery.
Geographically, North America is expected to lead the ophthalmic surgical technologies market during the forecast period. This is attributed to the presence of numerous key players and a rising prevalence of eye diseases in countries like the United States and Canada. Asia-Pacific and Europe are also poised for significant growth in the ophthalmic surgical technologies market in the coming years, driven by increased research and development spending and ongoing advancements in the healthcare sector within these regions.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 1543.76 Million |
| Market Size by 2030 | USD 2487.63 Million |
| Growth Rate from 2023 to 2030 | CAGR of 5.25% |
| Largest Market | North America |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Product Type, and By Surgery Type |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global ophthalmic surgical technologies market covers segments such as product type, and surgery type. On the basis of product type, the sub-markets include excimer laser systems, femtosecond systems, YAG laser systems, and phacoemulsification systems. On the basis of surgery type, the sub-markets include retinal surgery, cataract surgery, and glaucoma surgery.
The report provides profiles of the companies in the market such as Nidek Co., Ltd., Topcon Corporation, Johnson & Johnson Services, Inc., Glaukos Corporation, Alcon, STAAR SURGICAL, AbbVie Inc., Lumenis Be Ltd., Carl Zeiss Meditec AG, and Santen Pharmaceutical Co., Ltd..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the ophthalmic surgical technologies market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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