Leading Ophthalmic Photocoagulator Application Markets Databank
The Ophthalmic Photocoagulator market was valued at $150.2 Million in 2020, and is projected to reach $251.5 Million by 2029 growing at a CAGR of 5.94% from 2021 to 2029. Diabetic Retinopathy segment is expected to be the highest contributor to this market, with $51.0 Million in 2020, and is anticipated to reach $85.0 Million by 2029, registering a CAGR of 5.89%. Age-related Macular Degeneration segment is anticipated to reach $47.7 Million by 2029 with the highest CAGR of 6.04%. Diabetic Retinopathy and Glaucoma segments collectively expected to account for about 56.3% share of the Ophthalmic Photocoagulator market in 2020, with the former constituting around 33.9% share. Age-related Macular Degeneration and Macular Edema segments are expected to witness significant growth rates at a CAGR of 6.04% and 6.01% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 30.4% in the overall Ophthalmic Photocoagulator market in 2020, and is anticipated to reach 30.6% by 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook