Global Ophthalmic Lasers Market: Overview
One of the key factors responsible for driving the growth of the global ophthalmic lasers market is the increasing number of patients suffering from numerous eye diseases across the world. There are study reports that show the rate of occurring partial or full blindness has considerably increased over the period and could still double to its current volume by 2020. This growth is mainly down to the diseases such as cataract, glaucoma, and diabetes.
The increasing awareness about the benefits of timely diagnosis and productive medical care such as laser operation could avoid occurrence of these conditions is also helping to drive the growth of the global ophthalmic lasers market. Moreover, increasing awareness among people about the effectiveness of the treatment methods that are available is also projected to fuel the market growth in coming years.
The global ophthalmic lasers market stood at overall valuation of US$0.97 bn in the year 2015. This valuation is estimated to reach to a figure of US$1.44 bn by the end of the given forecast period of 2016 to 2024. This growth over the course of the mentioned forecast period is expected to be achieved at a healthy CAGR of 4.60%.
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Ophthalmic Clinics to Lead End User Segment due to Increasing Preference to Visit Specialists for Treatment
Ambulatory surgical centers, hospitals, and ophthalmic clinics have emerged as the important end users of the ophthalmic laser surgeries. With an outstanding rate of expansion, the ophthalmic clinics have been stated as the leading contributing segment to the overall revenue generation of the global ophthalmic lasers market.
The demand for ophthalmic lasers from this sector is expected to remain on the rise at a great pace compare to the other segments thanks to the growing preference for visiting the specialists for laser treatment procedures. Hospitals and other ambulatory surgical centers are also projected to experience a steady growth in requirement of ophthalmic lasers in the coming years.