Market Introduction
SAM region for the estimating the market for the excimer & femtosecond ophthalmic lasers consist of countries such as Brazil, Argentina, and the rest of SAM. The region held smallest portion of the market in the global analysis. The market is likely to propel in the forecasted period owing to the recent technological developments which have made a direct impact on the economy of Brazil that has advanced to a large extent. The cost savings advantage and higher work efficiencies achieved are cited as the major attracting points for manufacturing companies to establish bases in SAM.
The COVID-19 outbreak critically impacted the flow of medical care in the area. Additionally, the pandemic hit medical tourism in countries of SAM. The second wave of COVID-19 infections affected Brazil, Chile, Peru, Argentina, Uruguay, and Colombia. The SARS-CoV-2 pandemic had a sudden, dramatic impact on the healthcare of the SAM region. The COVID-19 pandemic has shifted the accepted and routine treatment of elective cases in hospital administration. In Brazil, patient care fell by almost 60%, and operations were scaled back, allowing only emergency options. These include cataracts, retina, and laser surgery. Glaucoma patients who urgently need an intraocular pressure reduction were still operated on. Strict social distancing procedures were applied, with patients being admitted to the clinic unaccompanied and individually. COVID-19 has changed everyday life almost all over the region.
Market Overview and Dynamics
The excimer & femtosecond ophthalmic lasers market in SAM is expected to grow from US$ 54.23 million in 2021 to US$ 68.01 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Major countries contributing to the market's growth include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. The countries offer significant growth opportunities for the growth of the market. Countries are improving their health infrastructures by allowing new entrants to enter the business. Therefore, it is expected that the demand for excimer & femtosecond ophthalmic lasers will increase. In addition, countries in the region are investing and interested in improving their health care and focusing on primary and advanced care. Therefore, it is expected that the number of health facilities in these countries will increase. Therefore, the excimer & femtosecond ophthalmic lasers market is expected to offer significant growth opportunities in the SAM region during the forecast period due to the factors mentioned above.
Key Market Segments
SAM excimer & femtosecond ophthalmic lasers market is segmented into product type, application, end user, and country. SAM 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. SAM 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 SAM 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 SAM excimer & femtosecond ophthalmic lasers market is segmented into Brazil, Argentina and rest of SAM. Brazil 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 SAM 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; SCHWIND eye-tech-solutions; and Ziemer Ophthalmic Systems.
Reasons to buy report
SAM Excimer & Femtosecond Ophthalmic Lasers Market Segmentation
SAM Excimer & Femtosecond Ophthalmic Lasers Market - By Product Type
SAM Excimer & Femtosecond Ophthalmic Lasers Market - By Application
SAM Excimer & Femtosecond Ophthalmic Lasers Market - By End User
SAM Excimer & Femtosecond Ophthalmic Lasers Market - By Country
SAM Excimer & Femtosecond Ophthalmic Lasers Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 54.23 Million |
| Market Size by 2028 | US$ 68.01 Million |
| CAGR (2021 - 2028) | 3.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America Excimer and Femtosecond Ophthalmic Lasers Market is valued at US$ 54.23 Million in 2021, it is projected to reach US$ 68.01 Million by 2028.
As per our report South America Excimer and Femtosecond Ophthalmic Lasers Market, the market size is valued at US$ 54.23 Million in 2021, projecting it to reach US$ 68.01 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.
The South America 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 South America Excimer and Femtosecond Ophthalmic Lasers Market report:
The South America 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 South America Excimer and Femtosecond Ophthalmic Lasers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Excimer and Femtosecond Ophthalmic Lasers Market value chain can benefit from the information contained in a comprehensive market report.
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