The Global Market for Refractive Surgery Devices is expected to reach US$ 446.2 billion by 2032Posted by Ganesh Shinde on November 2nd, 2022 According to the most recent report published by Future Market Insights, a leading Market Research firm, the Refractive Surgery Devices Market is currently valued at US$ 195.1 Mn and is expected to reach US$ 446.2 Mn by the end of 2032 at a CAGR of 7.7%. Furthermore, the market is expected to offer a US$ 235 Mn absolute dollar opportunity over the next ten years. In 2021, the Lasers segment generated the most revenue in the Global Refractive Surgery Devices Market, growing at an 8.2% CAGR. This is due to technological advancements and an increase in the use of laser vision correction procedures. The projected growth rate is significantly lower than the 9.5% rate between 2017 and 2021. Furthermore, myopia is the leading application category in the Global Refractive Surgery Devices Market. It is expected to grow at a Compound Annual Growth Rate of 9% between 2022 and 2032. This is because the global prevalence of myopia has increased the risk of vision impairment. Myopia has been a prominent issue among children during the pandemic as a result of increased screen usage. Key Takeaways from the Market Study
According to a Future Market Insights analyst, with the introduction of technologically advanced and minimally invasive techniques in refractive surgical devices, patients have numerous options for reducing their reliance on contact lenses and spectacles, as well as receiving corrective treatments for refractive issues. Competitive Landscape The market for Refractive Surgery Devices is being driven by market players who are expanding their product portfolios by heavily investing in R&D and product development. Government funding, technological breakthroughs, regulatory approvals, mergers and acquisitions, and a diverse product offering have all contributed to the environment remaining competitive. New product launches and the expansion of existing operations in the untapped international market are expected to benefit the leading companies. The major market players in the Refractive Surgery Devices Market are
Market Segments Covered In Refractive Surgery Devices Market Analysis By Product Type:
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More Insights Available Future Market Insights, in its new offering, presents an unbiased analysis of the Refractive Surgery Devices market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032. Browse Complete Research Report@https://www.futuremarketinsights.com/reports/refractive-surgery-devices-market Like it? Share it!More by this author |