Retinal Laser Photocoagulation Market Research Report 2023 - InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Retinal Laser Photocoagulation Market Size, Share & Trends Analysis Report By Laser Type ((Argon Laser (488 nm), Green Laser (532 nm), Yellow Laser (577 nm), Diode Laser (810-1050 nm)}, By Indication (Proliferative Diabetic Retinopathy (PDR), Diabetic Macular Edema (DME), Retinal Vein Occlusion (RVO), Retinal Tears, Holes and Lattice Degeneration, Central Serous Chorioretinopathy (CSC), Choroidal Neovascularization & Others Indications), By Device Modality (Fixed Devices, Mobile Devices), By End User (Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics)), Region, Market Outlook And Industry Analysis 2031"
The Global Retinal Laser Photocoagulation Market is estimated to reach over USD 349.25 Mn by 2031, exhibiting a CAGR of 4.1% during the forecast period.?
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The extending geriatric population is driving the need for retinal laser photocoagulation, as they are more likely to experience age-related ophthalmic issues. COVID-19 has significantly altered the healthcare system and interfered with several standard medical procedures, including ophthalmology. This is due to the intimate contact required in ophthalmology during an examination and treatment, which raises the danger of infection. The global impact of COVID-19 on eye health and the rise in the prevalence of ocular illnesses, diabetes, and age-related ophthalmic problems are the main drivers of market expansion. Since photocoagulation is rapid, painless, and safe, it is chosen over alternative therapies, including medications and surgery.
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Additionally, ophthalmology clinic clients are high-risk individuals who are vulnerable to infections. These issues are anticipated to limit the use of several ophthalmology procedures, including photocoagulation, and impede market expansion. Furthermore, market growth is anticipated to be propelled by developments in laser technology, including pattern scanning lasers, color configuration, high contrast, slit lamps, conventional therapy using single pulses and spot sequences, gentle therapy using short pulses, and automated positioning of the scan pattern to the subsequent area to undergo photocoagulation.
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List of Prominent Players in the Retinal Laser Photocoagulation Market:
·?????? Alcon
·?????? A.R.C. Laser GmbH
·?????? ZEISS Group
·?????? LightMed Corporation
·?????? Navilas
·?????? Norlase
·?????? NIDEK USA
·?????? Ziemer Ophthalmic Systems
·?????? IRIDEX Corporation
·?????? Lumenis
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Market Dynamics:
Drivers-
The growing importance for minimally invasive procedures over conventional techniques drives the market. The incidence of diabetic retinopathy is dramatically increasing, and laser technology has made it possible to perform ophthalmic services more precisely and successfully worldwide. The significant increase in the elderly population brought on by age-related macular degeneration and diabetic retinopathy is one of the main factors driving the ophthalmic photocoagulator industry. Increased awareness of cutting-edge ophthalmology treatments, a greater desire for treatment, and improved medical diagnostic facilities in industrialized countries will contribute to profitable growth. The advancement of laser technology gave ophthalmic services a tool for more accurate and efficient delivery.
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Challenges:
The market is expected to be hampered by associated infections, patient discomfort during the procedure, stringent government regulations, severe regulations regarding approvals in different regions, post-surgical side effects related to the treatment, improper handling of devices, limited awareness of highly advanced techniques, insufficient reimbursement, a lack of improved diagnosis in developing countries, and the high cost of maintenance of medical equipment. The inherent danger of vision loss during photocoagulation, improper device handling, a lack of knowledge about contemporary techniques, a lack of advanced diagnostics in poor nations, and high maintenance expenses for medical equipment are expected to impede market expansion.
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Regional Trends:
The North American, Retinal Laser Photocoagulation market is expected to register a tremendous market share in revenue. It is projected to grow at a high CAGR shortly. High-stress levels and bad lifestyle choices, which significantly impact major market drivers in the North American region, contribute to an increase in chronic eye diseases such as diabetic retinopathy, glaucoma and age-related macular edema. North America's rapidly growing older population is also anticipated to support market expansion. Besides, Europe had a substantial share of the market. There is a growing need for photocoagulation due to the prevalence of ocular illnesses such as glaucoma, age-related macular degeneration, and diabetic retinopathy. In recent years, the WHO South-East Asia Region has made major efforts to enhance access to high-quality eye health care to attain universal health coverage and guarantee that no one is left behind. As a result, a large patient base and the increasing use of ophthalmic treatments, like photocoagulation for treating optical problems, are anticipated to drive market expansion in the APAC region.
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Segmentation of Retinal Laser Photocoagulation Market-
By Laser type-
·?????? Argon Laser
·?????? Green Laser
·?????? Yellow Laser
·?????? Diode Laser
By Indication
·?????? Proliferative Diabetic Retinopathy (PDR)
·?????? Diabetic Macular Edema
·?????? Retinal Vein Occlusion
·?????? Retinal Tears, Holes, and Lattice Degeneration (CSC)
·?????? Central Serous Chorioretinopathy
·?????? Others Indication
By Device Modularity
·?????? Fixed Devices
·?????? Mobile Devices
By End Users
·?????? Hospitals
·?????? Ambulatory Surgery Centers
·?????? Ophthalmology Clinics
·?????? ?????????
By Region-
North America-
·?????? The US
·?????? Canada
·?????? Mexico
Europe-
·?????? Germany
·?????? The UK
·?????? France
·?????? Italy
·?????? Spain
·?????? Rest of Europe
Asia-Pacific-
·?????? China
·?????? Japan
·?????? India
·?????? South Korea
·?????? South East Asia
·?????? Rest of Asia Pacific
Latin America-
·?????? Brazil
·?????? Argentina
·?????? Rest of Latin America
?Middle East & Africa-
·?????? GCC Countries
·?????? South Africa
·?????? Rest of Middle East and Africa
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