Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Growing Prevalence of Refractive Disorders
A large population is affected by refractive errors globally, irrespective of sex, age and ethnic group. Visual impairment from uncorrected refractive errors can have rapid and long-term outcomes in adults and children.
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With the rapid increase in procedure volumes since past few years, there is an upsurge in adaptation of laser devices in healthcare facilities for refractive surgery. Progress in refractive surgical treatment have provided patients with a number of options to lower or eliminate their dependency on glasses and contact lenses and take corrective measures for refractive errors that aids in rapid development of the devices market.
With the rise in increased awareness in the treatment options and increase in patient population suffering from refractive errors, the refractive surgery devices market is anticipated to record a significant CAGR over the forecast period. A large population is affected by refractive errors globally, irrespective of sex, age, and ethnic group. Visual impairment from uncorrected refractive errors can have rapid and long-term outcomes in adults and children, for example, lost employment and educational opportunities, lost financial gain for people, families, and social orders, and disabled personal satisfaction which are anticipated to create pleasant conditions for the market growth.
The global Refractive surgery devices Market is segmented in by product type:-microkeratome, ophthalmic lasers; by application type:-astigmatism, near-sightedness, farsightedness; by end-user type:-hospitals, ambulatory surgical centers, clinics and by regions. Refractive surgery devices market is anticipated to mask a significant CAGR during the forecast period i.e. 2018-2027.
North America holds the largest market in refractive surgery device market followed by Europe owing to its basic nature of established healthcare infrastructure that embraces advanced technology and works towards further advancements through R&D activities. In Asia Pacific, China dominates the refractive surgery devices market.
However, a limited group of qualified refractive surgeons and unpredictable policies may act as barriers for the refractive surgery devices market growth.
This report also provides the existing competitive scenario of some of the key players of the global refractive surgery devices market which includes company profiling of Bayer AG, Arkema Inc., Lansdowne Chemicals, Lonza, Fisons plc, Arrow Fine Chemicals, Arch Chemicals, Inc., Nippon Carbide Industries Co. Inc., Japan Finechem Company, Inc., HidKim.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aerospace fasteners market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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