Refractive Surgery Devices Market
Global Refractive Surgery Devices Market Size, Share & Trends Analysis Report by Product Type (Lasers and Aberrometers), by Application (Myopia, Astigmatism and Others), and by End-User (Hospitals and Ambulatory Surgery Centers) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global refractive surgery devices market is projected to grow at a CAGR of 4.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes increased incidence and prevalence rate of ophthalmic diseases is growing at a significant rate across the globe. According to the WHO, in 2019, around 2.2 billion people from across the globe have been suffering from one or the other kind of visual impairment and 80% of these are considered avoidable. Visual impairment may lead to various conditions such as accidents, depression and anxiety disorders. Hence, this creates an upsurge in the demand for the effective treatment methods including refractive surgery devices, which, in turn, is likely to contribute to the growth of the market during the forecast period.
Furthermore, the population figures of the UN accounting for the effects of time and age indicate that myopia and hypermetropia will affect nearly 52.0% and 10.0% respectively, of the global population by the end of 2050. As the incidence and prevalence increase, the demand for equipment for diagnosis and surgery of such diseases is also expected to increase significantly. This is boosting the growth of the refractive surgery devices market across the globe during the forecast period.
Segmental Outlook
The global refractive surgery devices market is segmented on the basis of product type, application and end-user. Based on the product type, the global refractive surgery devices market is segmented is as lasers and aberrometers. Based on the applications, the global refractive surgery devices market is segmented as myopia, astigmatism and others. Whereas, based on the end-users, the global refractive surgery devices market is segmented into hospitals and ambulatory surgical centers.
Myopia Segment to Hold a Significant Share in the Global Refractive Surgery Devices Market
Amongst the application segment of the global refractive surgery devices, the refractive surgery devices for myopia segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the increasing prevalence of myopia among the geriatric population across the globe. For instance, prevalence of high myopia is expected to increase to nearly 24% by the end of 2050 in the high-income Asia-Pacific economies. Moreover, according to the WHO, uncorrected refractive error is the second largest cause of blindness and the leading cause of moderate and severe vision impairment (53%). This creates a significant scope for the growth of the market during the forecast period.
Global Refractive Surgery Devices Market, by Application 2020 (%)
Regional Outlook
The global refractive surgery devices market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the refractive surgery devices market in the region. The regional growth of the market is accredited to the rising geriatric population across the key economies of the region such as India and China.
Further, in terms of regional differences, the prevalence of distance vision impairment in low- and middle-income regions is estimated to be four times higher than in high-income regions. With regards to near vision, rates of unaddressed near vision impairment are estimated to be greater than 80.0% in western, eastern and central sub-Saharan Africa, while comparative rates in high-income regions of North America, Australasia, Western Europe, and of Asia-Pacific are reported to be lower than 10.0%. This, further creates a significant scope for the market growth.
Global Refractive Surgery Devices Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global refractive surgery devices market include Abbott Medical Optics, Alcon Vision LLC, Bausch & Lomb Inc., Carl Zeiss Meditec AG, Johnson & Johnson Services, Inc., NIDEK CO., LTD., Topcon Corp., and Ziemer Ophthalmic Systems AG among others. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global refractive surgery devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Refractive Surgery Devices Industry
• Recovery Scenario of Global Refractive Surgery Devices Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Impact of Covid on Key Players
3.4. Key Company Analysis
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Refractive Surgery Devices Market by Product Type
5.1.1. Lasers
5.1.2. Aberrometers
5.2. Global Refractive Surgery Devices Market by Application
5.2.1. Myopia
5.2.2. Astigmatism
5.2.3. Others
5.3. Global Refractive Surgery Devices Market by End-User
5.3.1. Hospitals
5.3.2. Ambulatory Surgery Centers
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbott Medical Optics
7.2. Alcon Vision LLC
7.3. Bausch & Lomb Inc.
7.4. Carl Zeiss Meditec AG
7.5. Ellex Medical Lasers Ltd.
7.6. Essilor
7.7. Johnson & Johnson Services, Inc.
7.8. Lumenis
7.9. NIDEK CO., LTD.
7.10. Quantel Medical
7.11. SCHWIND Eye-Tech-Solutions GmbH & Co.
7.12. Topcon Corp.
7.13. Ziemer Ophthalmic Systems AG
1. GLOBAL REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL LASERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ABERROMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
5. GLOBAL REFRACTIVE SURGERY DEVICES FOR MYOPIA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL REFRACTIVE SURGERY DEVICES FOR ASTIGMATISM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
9. GLOBAL HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL AMBULATORY SURGERY CENTERSMARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
15. NORTH AMERICAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
16. EUROPEAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. EUROPEAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
18. EUROPEAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. EUROPEAN REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
24. REST OF THE WORLD REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
25. REST OF THE WORLD REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. REST OF THE WORLD REFRACTIVE SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. GLOBAL REFRACTIVE SURGERY DEVICES MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
2. GLOBAL REFRACTIVE SURGERY DEVICES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
3. GLOBAL REFRACTIVE SURGERY DEVICES MARKET SHARE BY END-USER, 2020 VS 2027 (%)
4. GLOBAL REFRACTIVE SURGERY DEVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. US REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
7. UK REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
13. INDIA REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
14. CHINA REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
16. ASEAN REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
17. SOUTH KOREA REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF ASIA-PACIFIC REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
19. REST OF THE WORLD REFRACTIVE SURGERY DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
