The North America Refractive Surgery Devices Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
Refractive surgeries are performed to correct or improve refractive errors like presbyopia, astigmatism, farsightedness (hyperopia), and near-sightedness (myopia). There are many types of devices used to perform these surgeries are femtosecond lasers, YAG lasers, microkeratomes, and excimer lasers.
The determinants like technological developments in LASIK surgery, rising number of incidences of ophthalmic diseases, and huge population wearing spectacles are expected to fuel the refractive surgery devices market in the upcoming years. This market will possibly raise awareness among the population about new treatment options & the latest developments in the devices and display lucrative opportunities for markets that are still unused.
North America is a developed region and major market players exist in this region. The growing population and surge in technological advancement are driving the growth of the regional market. As the technologies are getting advanced, people are making full use of them and spending more time on digital devices that are gradually affecting their eyesight and creating eye problems. Along with this, there is an increase in the aging population, which is accountable for surging the demand for surgical devices and hence, driving the growth of the regional market.
Further, the availability of reimbursement policies, the rising number of hospitals, and the increasing rate of incidents would propel the demand for surgical devices in this region. Another factor attributed to surge in the market growth is the trend of working from home. The number of the workforce in this region is spending more time on desktop and laptop that is straining their eye-sight. Thus, there is an increase in the number of patients suffering from eye problems and therefore, propelling the growth of the refractive surgery devices market in this region.
The USA market dominated the North America Hyperopia Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $21,430.8 Thousands by 2027. The Canada market is experiencing a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 10.6% during (2021 - 2027).
Based on Application, the market is segmented into Astigmatism, Myopia, Hyperopia, Presbyopia, and Dry eyes. Based on Product, the market is segmented into Lasers, Microkeratome, Aberrometers and Other Products. Based on End Use, the market is segmented into Ophthalmology Clinics, Hospitals and Ambulatory surgery centers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Refractive Surgery Devices Market is Estimated to Reach USD 331.5 million by 2027 at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carl Zeiss Meditec AG, Topcon Corporation, Novartis AG, Glaukos Corporation, Johnson & Johnson, Essilorluxottica SA, Bausch Health Companies, Inc., SCHWIND Eye-Tech-Solutions GmbH, NIDEK CO., LTD., and Quantel Medical (Lumibird Group).
By Application
By Product
By End Use
By Country
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