The report assesses the historical data and current scenario to offer accurate estimations of the Adaptive Optics Market in the coming years. Furthermore, the report provides a comprehensive analysis of the impact of the COVID-19 crisis on the market. It offers detailed insights into the impact of COVID-19 on the industry at a regional level and industry level. The report also covers the developments and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides an insight into the post-COVID-19 situation.
The global adaptive optics market size was USD 237.64 Million in 2021 and is expected to register a revenue CAGR of 8.9% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of retinal diseases and significant investments in research & development initiatives are key factors driving market revenue growth.
High demand for adaptive optics-based technologies, especially from the medical sector, owing to ability of using image retina with a resolution close to diffraction limit, thereby being an effective auxiliary tools for diagnosis and examination of retinal diseases. Growing prevalence of various retinal diseases has led to rapid adoption of adaptive optics for in vivo retinal imaging. In addition, implementation of adaptive optics in ophthalmoscopes enables retinal imaging at a cellular level, thereby increasing demand for such instruments in the biomedical industry for scientific research purposes. According to American Academy of Ophthalmology (AAO), Age-related Macular Degeneration (AMD) is responsible for vision loss in 28.1% of non-Hispanic whites, 14.5% of Hispanics, and 7.8% of African Americans, who suffer from visual impairments. Furthermore, Glaucoma is responsible for vision impairment in 2.3% of non-Hispanic whites, 11.3% of African Americans, and 6.4% of Hispanics who suffer from visual impairment
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Some of major companies included in the company profile section of the global Adaptive Optics Market report includes Teledyne Technologies Inc., Imagine Optic, Flexible Optical B.V., Northrop Grumman, ALPAO, Phasics S.A, Iris AO, Inc., Adaptive, Boston Micromachines Corporation, and Thorlabs, Inc.
Overview of the TOC of the Report:
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The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability. The report further analyses the impact of COVID-19 on the global Global Adaptive Optics Market and offers a futuristic outlook of the market in the post-COVID-19 world
Emergen Research has segmented the global adaptive optics market based on component, application, end-users, and region:
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The report further analyzes the revenue growth at the global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub-segment. Furthermore, the report analyses the manufacturing process segment, competitive benchmarking, Adaptive Optics Market revenue shares of the leading company, regional and global opportunities, latest trends, and market dynamics, and historical data and forecasts.
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