Latin America Ophthalmic Lasers Market worth USD1.24 billion by 2021

The Latin America Ophthalmic Lasers Market is worth USD 58 million in 2016 and estimated to grow at a CAGR of 4%, to reach USD 70 million by 2021. The Latin America Ophthalmic Lasers market is developing at an exceptionally quick pace.

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Laser surgery is a surgery that uses a laser (rather than a surgical tool) to cut tissue. Examples are use of a laser surgical blade in generally customary surgery, and delicate tissue laser surgery, in which the laser shaft vaporizes delicate tissue with high water content. Laser reemerging is a method in which covalent obligations of a material are broken up by a laser. The CO2 (carbon dioxide) laser remains the highest quality level for the delicate tissue surgery in view of the simplicity of synchronous photograph warm removal and coagulation

The crucial factor driving the growth of this market is increasing number of individuals experiencing glaucoma, waterfall, age-related macular degeneration (AMD), and diabetic retinopathy. Though, High Cost of Organ Transplantation in emerging nations, ethical concerns and stiff competition from local players with low cost products are hinders the growth of this market.

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The Latin America market for Ophthalmic Lasers is segmented on the basis of type, application, and region. Based on Type, the market is segmented into Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers. The femtosecond lasers segment is expected to account for the largest share of the global market and is projected to grow at the highest CAGR during the forecast period. This can be attributed to components, for example, expanding pervasiveness of refractive blunders and waterfall, mechanical headways in femtosecond lasers, growing uses of femtosecond lasers, and expanding administrative endorsements.Based on Application, the market is segmented into Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, Other Applications.

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America.  The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in perfusion systems.

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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).)are the leaders in the Latin America Ophthalmic Lasers market.

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