DUBLIN--(BUSINESS WIRE)--The "Ophthalmic Lasers Market Analysis, By Application, By Type, By End User, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
'Ophthalmic Lasers Market Analysis, By Application, By Type, By End User, and by Region - Global Forecast to 2029'
The ophthalmic lasers market size is estimated to be USD 1,408.63 million in 2021 and is expected to witness a CAGR of 4.93% during the forecast period 2022-2029.
The growth of the market is also aided by improvements in laser technology and a proper knowledge of the uses for lasers in ophthalmology. However, increasing rate of failure and strict safety regulations are expected to hinder the growth.
Based on type, the market is categorized into excimer lasers, diode lasers, femtosecond lasers, SLT lasers, and ND: YAG lasers. In 2021, the ND: YAG lasers accounted for the highest revenue share due to rising prevalence of ophthalmic diseases like glaucoma, cataract, refractive errors, and diabetic retinopathy and the growing awareness of laser applications Based on end users, the market is segmented into ambulatory service centers and hospitals. In 2021, the hospitals segment accounted for the largest revenue share owing to rising healthcare knowledge, an increase in hospitals, and a high population of geriatric and bariatric patients.
In 2021, North America region accounted for the highest revenue in the ophthalmic lasers market and is expected to maintain its dominance during the forecast period.
This is attributed to the rise in the number of ophthalmic disabilities, an upsurge in the demand for patient handling devices, the accessibility of cutting-edge healthcare facilities with skilled medical personnel, an increase in the number of R&D activities along with a significant presence of major players, and an increase in government investment in the healthcare system. For more information about this report visit https://www.researchandmarkets.com/r/a1y4xl