Global Refractive Surgery Devices & Equipment Market Report 2022 – Tips & Results

NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the 2022 Refractive Surgery Devices And Equipment Global Market Report – https://www.reportlinker.com/p06277233/?utm_source=GNW

The global refractive surgery devices and equipment market is expected to grow from US$0.13 billion in 2021 to US$0.15 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The market is expected to grow to $0.23 billion by 2026 at a compound annual growth rate (CAGR) of 11.5%.

The refractive surgery equipment (or) equipment market consists of the sale of refractive surgery equipment. The refractive surgery devices are used to improve or correct ametropia such as nearsightedness (myopia), farsightedness (hyperopia), presbyopia or astigmatism.

The main product types of devices (or) devices for refractive surgery are microkeratomes, excimer lasers, femtosecond lasers and YAG lasers. The excimer laser is a laser that emits concentrated light in the ultraviolet (UV) region of the spectrum.

The various applications involved are astigmatism, myopia and hyperopia used by end users such as hospitals, outpatient surgical centers and eye clinics.

North America was the largest region in the refractive surgery devices (or) devices market in 2021. Asia Pacific was the second largest region in the refractive surgery equipment (or) equipment market.

The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

A major driving factor behind the growth of the refractive surgery equipment and devices market is the increase in the geriatric population with eye diseases worldwide. Age-related macular degeneration is the leading cause of vision loss over the age of 65.

There are many older people with refractive errors who need immediate surgical care to cure a visual impairment. The increasing number of older people throughout the year increases the demand for refractive surgeries.

For example, the elderly population in the US is growing steadily and by 2030, 70 million Americans will be over the age of 65. Approximately one in three elderly people has visual impairments that are driving the market for refractive surgery equipment and devices.

The market for refractive surgery equipment and devices is subdued due to the shortage of surgical equipment to treat refractive errors in developing countries. Besides, backwardness, poverty and lack of knowledge make the patients unaware with the procedures of the surgery.

For example, according to the WHO, in Rwanda, an African country, the visual impairment is 5.3%, and more than 80% of the eye diseases were refractive errors, which were considered treatable but not curable due to the lack of ophthalmic surgical equipment. People in developing countries experience more cases of blindness than in developed countries.

The focus of many companies in the refractive surgery equipment and devices market has shifted toward increasing technological advancements in the field of refractive surgery. Advanced technologies for correcting ametropia expand the scope of treatment, reducing the time and effort required.

The new corneal refractive surgical techniques such as the femtosecond corneal surgery technique, pseudophakic intraocular lenses, intraocular rings and segments, and corneal stiffening techniques such as collagen cross-linking can significantly impact the market 3.

In addition, the advanced femtosecond laser surgical instruments have many unique features such as:

In the United States, the FDA (Foods and Drugs Administration) regulates the sale of medical devices and monitors the safety of all regulated medical devices. The FDA regulates the sale of medical devices for refractive surgery.

The countries covered by Refractive Surgery Devices (or Devices) Market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia.
Read the full report: https://www.reportlinker.com/p06277233/?utm_source=GNW

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