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Ophthalmic Lasers Market By Product (Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode Lasers), By Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, Age Related Macular Disorder (AMD) Treatment) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

This report on the global ophthalmic laser market studies various products and applications. The main need for ophthalmic laser surgery arises because it is a technologically advanced, cost-effective, safe, and quick surgical procedure. Laser eye surgeries have been performed by ophthalmologists for over 25 years with better patient suitability. Ophthalmic lasers offer freedom from contact lenses and eyeglasses, with an early visual recovery period and fewer chances of corneal infection after the surgery.

For the purpose of this study, the various product types studied include femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and others. Applications studied for the purpose of this research include refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy treatment, and AMD treatment. Market size estimates and forecasts for these segments are provided in US$ Mn, along with the respective CAGRs for the period 2017-2025, using 2016 as the base year.The global ophthalmic lasers market is segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa markets.

The regions are also further sub-segmented on the basis of major countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Mexico
  • Brazil
  • Rest of LATAM
  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East and Africa

Market size estimates and forecasts for these segments are provided in US$ Mn, along with the respective CAGRs for the period 2017-2025, using 2016 as the base year.

The global ophthalmic laser market is divided into product types.

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

Due to favored advantages such as cost-effective, minimally invasive, quick, and high-quality ophthalmic surgeries and disorder treatment, the global ophthalmic lasers market is experiencing an increase in demand. Femtosecond lasers hold the largest market in the product segment due to the technological advancements in femtosecond lasers, their diverse applications in the treatment of ophthalmic disorders, and their regulatory approval. Excimer lasers will be the fastest-growing segment due to the increasing incidence of corneal diseases, refractive errors, etc. It is a cold laser technology that does not cause corneal tissue damage; the high energy of UV photons breaks the molecular bond of the corneal tissues by a process called photoablation.

The ophthalmic laser market has undergone tremendous technological advancement to fulfill patient care. Overall, the global ophthalmic lasers market is highly competitive, with numerous players specializing in their respective fields, such as Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch and Lomb Incorporated, IRIDEX Corporation, and others. Consolidation activities on the competitive front are becoming more common in order to expand the ophthalmic laser market to perform LASIK and cataract surgery, obtain protection and clarity in ophthalmic procedures by using viscoelastic devices, and choose from a wide range of intraocular and contact lenses to correct refractive errors.

The ophthalmic laser market is classified based on application type.

  • Refractive error correction
  • Cataract removal
  • Glaucoma treatment
  • Diabetic retinopathy treatment
  • Age-related macular degeneration (AMD) treatment

Ophthalmic lasers have several applications, such as refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy, AMD treatment, etc. The patient does not need to be admitted to the hospital because laser surgeries are frequently performed in a few hours without anesthesia and with early patient recovery. Among the considered applications, refractive error correction holds the largest revenue share, attributed to the increasing incidence of refractive errors (myopia, hypermetropia) and better clinical outcomes due to technological advancements in laser technology like femtoseconds and LASIK. Diabetic retinopathy is the fastest-growing segment over the forecast period due to the high prevalence of diabetic patients, public awareness and early disease diagnosis, government and non-government initiatives to promote the treatment of eye disorders, and the automation of several steps of femtosecond lasers that are used for the treatment of diabetic retinopathy.

The global ophthalmic lasers market is divided into three segments for the purposes of this study:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

In 2016, North America was identified as the largest market for ophthalmic lasers. The growth is attributed mainly to the rise in ophthalmic diseases, the aging population, and technological advancements in ophthalmic laser devices. Europe is expected to be the second-largest market due to the high prevalence of ophthalmic diseases, improved healthcare infrastructure, government and non-government organizations’ initiatives to promote ophthalmic disease treatment and supportive reimbursement policies. The growth of the Asia Pacific market for ophthalmic lasers is attributed to factors like the rising prevalence of ophthalmic diseases, flourishing medical tourism, and regulatory approval for ophthalmic laser devices in these regions. However, factors such as an aging population and increasing public awareness are going to fuel the rapid growth of the ophthalmic laser market in Latin America, the Middle East, and Africa in the near future.

Frequently Asked Questions:

The market for Ophthalmic Lasers Market is expected to reach US$ 1520 Mn By 2025.

The Ophthalmic Lasers Market is expected to see significant CAGR growth over the coming years, at 6.36%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch and Lomb Incorporated, IRIDEX Corporation are some of the major players in the global market.

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Godaddy
Published Date:  Jun 2017
Category:  Medical Devices
Report ID:   58496
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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