(PharmaNewsWire.Com, September 21, 2017 ) The North America Ophthalmic Lasers Market is worth USD 340 million in 2016 and estimated to grow at a CAGR of 5.5%, to reach USD 444 million by 2021. The North America Ophthalmic Lasers market is developing at an exceptionally quick pace.A laser is a gadget that produces light and deals with the rule of optical enhancement in view of the animated discharge of electromagnetic radiation. At show, lasers are exceedingly embraced in the range of prescription for treatment of different sicknesses. In addition, these are received quickly in ophthalmology systems because of their positive outcomes amid an eye surgery.
The crucial factor driving the growth of this market is increasing number of individuals experiencing glaucoma, waterfall, age-related macular degeneration (AMD), and diabetic retinopathy. Though, High Cost of Organ Transplantation in emerging nations, ethical concerns and stiff competition from local players with low cost products are hinders the growth of this market.
The North America market for Ophthalmic Lasers is segmented on the basis of type, application, and region. Based on Type, the market is segmented into Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers. The femtosecond lasers segment is expected to account for the largest share of the global market and is projected to grow at the highest CAGR during the forecast period. This can be attributed to components, for example, expanding pervasiveness of refractive blunders and waterfall, mechanical headways in femtosecond lasers, growing uses of femtosecond lasers, and expanding administrative endorsements.Based on Application, the market is segmented into Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, Other Applications.
The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the highest no. share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by health concerns.
Ellex Medical Lasers Limited (Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch & Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel).)are the leaders in the North America Ophthalmic Lasers market.
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