The ophthalmic medical lasers market consists of sales of ophthalmic medical lasers and related services by companies that manufacture them. Ophthalmic medical lasers are used for the pain-free treatment of diseases related to the eyes.
The global ophthalmic medical lasers market is expected to decline from $1.15 billion in 2019 to $1.09 billion in 2020 at a compound annual growth rate (CAGR) of -5.44%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.28 billion in 2023 at a CAGR of 5.44%.