LAMEA Ophthalmic Lasers Market Size, Share and Forecast 2019-2025
Posted by shibaomrglobal on February 20th, 2020
Latin America and Middle East African (LAMEA) ophthalmic laser market is forecast to grow at a CAGR of 4.9% during the forecast period. The market for ophthalmic lasers in the LAMEA has growth opportunities due to the contribution of the countries such as Brazil, Israel, South Africa, and other countries from the rest of the world. The healthcare system in South Africa, Brazil, and Israel has improved over the years with infrastructural development and treatment of eye-related diseases.
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The factors contributing to the growth of the ophthalmic laser market in LAMEA include a rising prevalence of chronic eye diseases such as cataracts and glaucoma. Along with it, an increase in the number of eye patients, and awareness of advanced laser eye treatment for vision correction is expected to fuel the growth of the market in the near future.
As per the International Agency for the prevention of Blindness (IAPB), approximately half the blindness in South Africa is caused due to cataracts. The prevalence of blinding bilateral cataracts in Africa is estimated to be around 0.5%. In 2008, the cataract surgical rate in South Africa was 200-400 people. The country has a target to increase this cataract surgical rate to 2,000 in 2020 that will require more ophthalmic lasers for performing cataract surgery. Trachoma is the second leading cause of blindness in South Africa. As per the estimation, more than 2.2 million people are blind from trachoma. This increasing prevalence of chronic eye diseases creates enormous opportunities for ophthalmic laser manufactures and drives the market in the region.
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Ophthalmic Lasers Market Segmentation
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Joined: June 17th, 2019
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