The Worldwide Retinal Laser Equipment Industry is Expected to Reach $931.7 Million by 2027 - ResearchAndMarkets.com

2023-01-13

DUBLIN--(BUSINESS WIRE)--The "Retinal Laser Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

'Retinal Laser Equipment: Global Strategic Business Report'

The global market for Retinal Laser Equipment estimated at US$572.1 Million in the year 2020, is projected to reach a revised size of US$931.7 Million by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027.

Hospitals, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$538.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Eye Clinics segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $155.9 Million, While China is Forecast to Grow at 11.5% CAGR

The Retinal Laser Equipment market in the U.S. is estimated at US$155.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$205.7 Million by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$128.5 Million by the year 2027.

Other End-Uses Segment to Record 6.3% CAGR

In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.6 Million in the year 2020 will reach a projected size of US$96.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 36 Featured) -

Alcon, Inc

Bausch & Lomb Incorporated

Carl Zeiss

Ellex Medical Lasers

Erbe Elektromedizin

Escalon Medical

IRIDEX Corporation

Second Sigh Medical Products

Synergetics USA, Inc

Topcon Corporation

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