We are monitoring the impact of COVID-19 & Recession alarm on Latin America Ophthalmic Lasers Market Get in touch with us for detailed analysis Know More
Share on

Latin America Ophthalmic Lasers Market Research Report – Segmented By Type, Application & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 3274
Pages: 135

Latin America Ophthalmic Lasers Market Size (2022 to 2027)

The Latin American ophthalmic lasers market size has been estimated at USD 66.51 million in 2022. It is estimated to be growing at a CAGR of 4% and worth USD 80.92 million by 2027.

The Latin American ophthalmic lasers market is expected to be driven by the factors such as the increasing incidence of chronic eye disorders, such as cataracts and myopia, which can be treated using minimally invasive ophthalmic laser treatments. Also, the market has grown as chronic diseases with implications such as diabetic retinopathy have increased.

In addition, due to the prominent growing senior population in Latin America, the need for ophthalmic lasers is increasing. The region's aging population heavily influences the Latin American ophthalmic lasers market. However, the rising elderly population has boosted the market growth since older individuals are more susceptible to different eye-related problems. On the other hand, the market in Latin America is also likely to be fuelled by rising refractive error rates in the population. The latest technology for vision corrective surgery is evolving. More than 85% of people between the ages of 40 to 55 wear vision correcting lenses, while more than 95% of people over 55 uses either eyewear to improve their vision. Refractive errors affect around 33% of the regional population over the age of 40, and they are more common in the younger population.

The success rate of recent ophthalmic laser procedures is high, which positively impacts the market. 

Furthermore, increased laser eye treatment research and development increased awareness about visual health. An increase in the number of ophthalmic clinics and hospitals, among others, contributes to the market's expansion. There are over 16,000 licensed ophthalmologists in Brazil as of 2020, which will help develop the market in the coming years.

However, factors such as the high cost of ophthalmic procedures, the lack of reimbursement policies in developing economies, and the high costs of laser devices and their maintenance are expected to impact the Latin American ophthalmic lasers market growth negatively. 

This research report on the Latin American ophthalmic lasers market has been segmented and sub-segmented into the following categories:

By Type:

  • Femtosecond Lasers
  • Excimer Lasers
  • Nd: YAG Lasers
  • Diode Lasers
  • Others

By Application:

  • Refractive Error Correction
  • Cataract Removal
  • Glaucoma Treatment
  • Diabetic Retinopathy Treatment
  • AMD Treatment
  • Other Applications

By Country: 

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

The market in Latin America is expected to grow steadily and consistently during the forecast period. The regional market growth is attributed to the increasing number of cataract procedures conducted, increasing ophthalmic disorders, and supportive government policies.

Brazil is the leading country in this region, and it is predicted to provide profitable results and grow the ophthalmic lasers market during the observation period. The Brazilian market is expected to have the most significant CAGR in the Latin American regions during the projected period. As Global education improves, so does the number of eye experts in Latin American countries. In addition, increased ophthalmic operations, a large multicultural population, and the availability of numerous modern ophthalmic goods in the region are driving the market growth.

Argentina accounted for the highest proportion of the Latin American ophthalmic lasers market in 2020, which is expected to continue over the forecast period. The high frequency of ocular illnesses, favorable government initiatives, increased healthcare expenditure, and a growing aging population is the factors that contribute to this regional market dominance. Argentina came in second place among Latin American countries in terms of health spending. There are about 24,000 hospitals in Argentina, approximately 29,000 operating theatres, and over 100,000 hospital beds. Argentina is one of the countries in Latin America with the most hospitals. All these figures indicate that the ophthalmic lasers market in Argentina is expected to grow significantly. 

KEY MARKET PLAYERS:

A few of the notable companies operating in the Latin American ophthalmic lasers market profiled in the report are Ellex Medical Lasers Limited (Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch & Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel).

1.Introduction                 

                1.1 Market Definition   

                1.2 Study Deliverables 

                1.3 Base Currency, Base Year and Forecast Periods         

                1.4 General Study Assumptions      

2. Research Methodology                          

                2.1 Introduction              

                2.2 Research Phases     

                                2.2.1 Secondary Research

                                2.2.2 Primary Research            

                                2.2.3 Econometric Modelling    

                                2.2.4 Expert Validation

                2.3 Analysis Design        

                2.4 Study Timeline         

3. Overview                      

                3.1 Executive Summary      

                3.2 Key Inferences        

                3.3 Epidemology   

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

                4.1 Market Drivers         

                4.2 Market Restraints   

                4.3 Key Challenges        

                4.4 Current Opportunities in the Market             

5. Market Segmentation                             

                5.1 Product       

                                5.1.1 Femtosecond Lasers 

                                5.1.2 Excimer Lasers     

                                5.1.3 Nd:YAG Lasers     

                                5.1.4 Diode Lasers 

                                5.1.5 Other Lasers 

                                5.1.6 Y-o-Y Growth Analysis, By Product     

                                5.1.7  Market Attractiveness Analysis, By Product  

                                5.1.8  Market Share Analysis, By Product    

                5.2 Application

                                5.2.1 Refractive Error Correction    

                                5.2.2 Cataract Removal                                                                 

                                5.2.3 Glaucoma Treatment       

                                5.2.4 Diabetic Retinopathy Treatment 

                                5.2.5 AMD Treatment 

                                5.2.6 Other Applications     

                                5.2.7 Y-o-Y Growth Analysis, By Application       

                                5.2.8 Market Attractiveness Analysis, By Application     

                                5.2.9 Market Share Analysis, By Application      

                5.3 End User     

                                5.3.1 Hospitals

                                5.3.2 Specialty Clinics and Ambulatory Surgery Centers

                                5.3.3 Y-o-Y Growth Analysis, By End User   

                                5.3.4 Market Attractiveness Analysis, By End User 

                                5.3.5 Market Share Analysis, By End User   

6. Geographical Analysis                             

                6.1 Introduction              

                                6.1.1 Regional Trends  

                                6.1.2 Impact Analysis   

                                6.1.3 Y-o-Y Growth Analysis      

                                                6.1.3.1 By Geographical Area                                                     

                                                6.1.3.2 By Product                                                           

                                                6.1.3.3 By Application                                                    

                                6.1.4  Market Attractiveness Analysis   

                                                6.1.4.1 By Geographical Area                                                     

                                                6.1.4.2 By Product                                                           

                                                6.1.4.3 By Application                                                    

                                6.1.5  Market Share Analysis    

                                                6.1.5.1 By Geographical Area                                                     

                                                6.1.5.2 By Product                                                           

                                                6.1.5.3 By Application                                                    

                6.2 Brazil            

                6.3 Mexico        

                6.4 Rest of Latin America            

7.Strategic Analysis                       

                7.1 PESTLE analysis        

                                7.1.1 Political   

                                7.1.2 Economic                                                                 

                                7.1.3 Social       

                                7.1.4 Technological       

                                7.1.5 Legal

                                7.1.6 Environmental     

                7.2 Porter’s Five analysis             

                                7.2.1 Bargaining Power of Suppliers      

                                7.2.2 Bargaining Power of Consumers  

                                7.2.3 Threat of New Entrants   

                                7.2.4 Threat of Substitute Products and Services    

                                7.2.5 Competitive Rivalry within the Industry   

8.Market Leaders' Analysis                        

                8.1 Alcon Laboratories, Inc. (U.S.)           

                                8.1.1 Overview                                                                 

                                8.1.2 Product Analysis 

                                8.1.3 Financial analysis

                                8.1.4 Recent Developments     

                                8.1.5 SWOT analysis     

                                8.1.6 Analyst View

                8.2 Abbott Medical Optics, Inc. (U.S.)    

                8.3 Carl Zeiss Meditec AG (Germany)    

                8.4 Bausch & Lomb Incorporated (U.S.)       

                8.5 IRIDEX Corporation (U.S.)    

                8.6 Ellex Medical Lasers Limited (Australia           

                8.7 Topcon Corporation (Japan),             

                8.8 Ziemer Ophthalmic Systems AG       

                8.9 NIDEK Co., Ltd. (Japan)         

                8.10 Lumenis Ltd. (Israel)            

9.Competitive Landscape                           

 

  1. Latin America Ophthalmic Lasers Market, By Product Type, From 2022 - 2027 (USD Billion)
  2. Latin America Femtosecond Lasers Market, By Region, From 2022 - 2027 (USD Billion)
  3. Latin America Excimer Lasers Market, By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Nd:YAG Lasers Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Diode Lasers Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Other Lasers Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Ophthalmic Lasers Market, By Application, From 2022 - 2027 (USD Billion)
  8. Latin America Refractive Error Correction Market, By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Cataract Removal Market, By Region, From 2022 - 2027 (USD Billion)
  10. Latin America Glaucoma Treatment Market, By Region, From 2022 - 2027 (USD Billion)
  11. Latin America Diabetic Retinopathy Treatment Market, By Region, From 2022 - 2027 (USD Billion)
  12. Latin America AMD Treatment Market, By Region, From 2022 - 2027 (USD Billion)
  13. Latin America Other Applications Market, By Region, From 2022 - 2027 (USD Billion)
  14. Brazil Ophthalmic Lasers Market, By Product Type, From 2022 - 2027 (USD Billion)
  15. Brazil Ophthalmic Lasers Market, By Application, From 2022 - 2027 (USD Billion)
  16. Argentina Ophthalmic Lasers Market, By Product Type, From 2022 - 2027 (USD Billion)
  17. Argentina Ophthalmic Lasers Market, By Application, From 2022 - 2027 (USD Billion)
  18. Mexico Ophthalmic Lasers Market, By Product Type, From 2022 - 2027 (USD Billion)
  19. Mexico Ophthalmic Lasers Market, By Application, From 2022 - 2027 (USD Billion)
  20. Rest of Latin America Ophthalmic Lasers Market, By Product Type, From 2022 - 2027 (USD Billion)
  21. Rest of Latin America Ophthalmic Lasers Market, By Application, From 2022 - 2027 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

PURCHASE OPTIONS

excel
$

2875


pdf excel
$

3220


pdf excel powerbi
$

4600


excel
$

2000

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2875

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample