Report : Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Excimer Laser and Femtosecond Laser), Application (Refractive Surgery, Cataract Surgery, Capsulotomy, Trabeculoplasty, and Diagnostics), and End User (Hospitals, Ambulatory Surgical Centers, and Ophthalmology Clinics)
Hospitals Segment to Dominate APAC Excimer & Femtosecond Ophthalmic Lasers Market during 2020–2028
According to a new market research study on “APAC Excimer & Femtosecond Ophthalmic Lasers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End User” is expected to reach US$ 228.31 million by 2028 from 154.54 US$ million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the APAC excimer & femtosecond ophthalmic lasers market along with the drivers and restraints pertaining to the market growth. Rising product approvals and launches is the major factor driving the growth of the APAC excimer & femtosecond ophthalmic lasers market. However, issues associated with ophthalmology surgeries and devices being high priced hinders the growth of APAC excimer & femtosecond ophthalmic lasers market.
APAC excimer & femtosecond ophthalmic lasers market is segmented into product type, application, end user, and country. APAC excimer & femtosecond ophthalmic lasers market, based on the product type was segmented into excimer laser, and femtosecond laser. In 2021, the femtosecond laser segment held the largest share of the market. APAC excimer & femtosecond ophthalmic lasers market, based on the application was segmented into refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. In 2021, the refractive surgery segment held the largest share of the market. Based on technique, the APAC excimer & femtosecond ophthalmic lasers market is segmented into hospitals, ophthalmic clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021. Based on country, the APAC excimer & femtosecond ophthalmic lasers market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. Japan held the largest market share in 2021.
COVID-19 has had a tremendous impact on eye care delivery across the APAC region. In Bangladesh, all routine elective eye surgeries were postponed. Only emergency eye treatment was conducted only at outpatient departments. Moreover, patients were allowed to go to hospital only in the case of emergency. Similarly, in India, outreach eye health services stopped largely thus impacting the rural communities. All elective surgeries were postponed. Non-cataract conditions like diabetic retinopathy and glaucoma patients affected due to break in follow-ups. Additionally, COVID-19 is having a tremendous impact on eye care in the Maldives. Due to the lock down people are not able to travel from one place to the other. Air and sea transport is at standstill and people from the outlying islands are not able to visit the nearest center for eye care. A few centers in the capital Male are offering online consultations to patients. However, this has its limitations and healthcare professionals cannot do refractions online and a detailed anterior segment and posterior segment examinations is also not possible. Thus, COVID 19 is having a significant impact on the quality and quantity of eye care. Hence, such outbreaks continue the need for new technologically advanced products nationwide, thereby positively impacting the market.
Alcon Inc.; Bausch Health Companies Inc.; Carl Zeiss AG; iVIS; NKT Photonics A/S; SCHWIND eye-tech-solutions; and Ziemer Ophthalmic Systems are among the leading companies in the APAC excimer & femtosecond ophthalmic lasers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Alcon unveiled software and hardware enhancements to the WaveLight Refractive Suite designed to provide surgeons and patients a more comfortable and efficient LASIK experience.
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