Market Introduction
APAC excimer & femtosecond ophthalmic lasers market is analyzed based on the six major countries such as China, Japan, India, Australia, South Korea, and the rest of APAC. The APAC region is expected to be the fastest-growing region among all other regions. The growth of the market in the APAC region is expected to grow at a faster pace owing to factors such as growth of the rapid growth in the geriatric population, the rise in healthcare awareness pertaining to the importance of eye health, and the increase in the number of cataract and refractive surgeries. Additionally, developing healthcare infrastructure and increasing investments to boost the manufacturing capacities are projected to drive the APAC excimer & femtosecond ophthalmic lasers market during the forecast period.
COVID-19 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 the hospital only in the case of an emergency. Similarly, in India, outreach eye health services stopped largely, thus, impacting the rural communities. All elective surgeries were postponed. Patients with non-cataract conditions like diabetic retinopathy and glaucoma were affected due to the break in follow-ups.
Additionally, COVID-19 impacted eye care in the Maldives. Due to the lockdown, people could not travel from one place to the other. Air and sea transport was at a standstill, and people from the outlying islands could not visit the nearest center for eye care. A few centers in the capital Male were offering online consultations to patients. However, this has limitations, and healthcare professionals cannot do refractions online. A detailed anterior segment and posterior segment examination are also not possible. Thus, COVID-19 is significantly affecting the quality and quantity of eye care.
Market Overview and Dynamics
The excimer & femtosecond ophthalmic lasers market in APAC is expected to grow from US$ 154.54 million in 2021 to US$ 228.31 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Rise in geriatric population in countries such as Japan, China, India, and South Korea is driven by the modernization of healthcare facilities and improvements in healthcare services, which boosts the life expectancy in these countries. According to the data by the WHO in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. The loss of vision is a major health problem among the elderlies. Age-related macular degeneration, glaucoma, cataracts, and diabetic retinopathy are among the most common causes of vision loss among people from this age group. Age-related macular degeneration results in the loss of central vision. Optic nerve injury and visual field loss can occur as a result of primary open-angle glaucoma. As this ailment can be asymptomatic at first, elderly people need regular check-ups. Although cataracts are the common source of visual issues in these people. However, surgeries to remove cataracts are usually successful. Diabetic retinopathy is also common among older people during the early stages of diabetes or at the time of diagnosis. A mydriatic examination is recommended when a patient is diagnosed with diabetes, as well as once a year thereafter. Thus, the rise in geriatric population fuels the growth of the excimer & femtosecond ophthalmic lasers market.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the excimer & femtosecond ophthalmic lasers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alcon Inc.; Bausch Health Companies Inc.; Carl Zeiss AG; iVIS; NKT Photonics A/S; SCHWIND eye-tech-solutions; and Ziemer Ophthalmic Systems.
Reasons to buy report
APAC Excimer & Femtosecond Ophthalmic Lasers Market Segmentation
APAC Excimer & Femtosecond Ophthalmic Lasers Market - By Product Type
APAC Excimer & Femtosecond Ophthalmic Lasers Market - By Application
APAC Excimer & Femtosecond Ophthalmic Lasers Market - By End User
APAC Excimer & Femtosecond Ophthalmic Lasers Market - By Country
APAC Excimer & Femtosecond Ophthalmic Lasers Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 154.54 Million |
| Market Size by 2028 | US$ 228.31 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market is valued at US$ 154.54 Million in 2021, it is projected to reach US$ 228.31 Million by 2028.
As per our report Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market, the market size is valued at US$ 154.54 Million in 2021, projecting it to reach US$ 228.31 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market report:
The Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Excimer and Femtosecond Ophthalmic Lasers Market value chain can benefit from the information contained in a comprehensive market report.
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