Ophthalmic Lasers Market, By Laser Type, Application, End User - Global Industry

Posted by priya saraf on June 21st, 2019

Ophthalmic lasers are used for treatment of wide range of eye problems. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools has increased the demand for ophthalmic lasers. Patients prefer ophthalmic lasers treatment due to pain free procedures and easy availability on an outpatient basis.the main constituents of an ophthalmic laser system include foot pedal, laser console, and laser delivery system.

The laser energy is transmitted to the patient’s eye by varied delivery systems, which are connected to the console by a fiber optic cable, an operating microscope, a slit lamp or an indirect ophthalmoscope. Ophthalmologists and eye surgery devices manufacturers are studying on medical uses of lasers, from cataract surgery to diagnostic retinal imaging. For instance, Sight Sciences, Inc., has its SLT laser device in clinical trials for study in patients with open angle glaucoma.

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Increasing population suffering from age related macular degeneration are expected to fuel growth of the ophthalmic lasers market

According to World Health Organization (WHO), in 2014, the uncorrected refractive errors was the prominent reason for moderate and severe visual impairment, globally. Cataracts is the main cause of blindness among people in underdeveloped countries and approximately 90% of visually impaired people live in emerging countries, indicating need of ophthalmic treatments. According to an estimation by CDC, the total number of cataract patients is expected to increase to 30.1 million by 2020.

Diabetes is a major cause of retinopathy and rising awareness among the population towards solutions for visual impairment, easy procedure of the surgery, increasing government initiatives are some of the factors driving growth of the ophthalmic lasers market. According to World Health Organization (WHO), the number of people with diabetes was estimated to around 422 million in 2014 and is expected to increase in the near future.

Lack of healthcare facilities in emerging countries and aversion in population for laser surgery are the factors hindering growth of the ophthalmic lasers market. According to International Council of Ophthalmology, in 2012, around 12,000 ophthalmologists were accounted for over 1 billion population, coming down to a ratio of 1 ophthalmologist for every 90,000 people in India.

Regional segmentation of the ophthalmic lasers market by Coherent Market Insights comprises, North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global ophthalmic lasers market. This is mainly owing to presence of key players such as Abbott Medical Optics and Iridek Corporation, which are focusing on research and development and availability of adequate number of ophthalmologists. Latin America is expected to witness significant growth in the market, owing to wide adoption of eye care services provided by national security system in the region. Asia Pacific is expected to witness high growth rate in the market due to major investments by companies in the region. For instance, China has invested over 100 million dollars in cataract surgeries since 2009 and continuing to invest in the near future.

Key players operating in the ophthalmic lasers market are IMRA America, Inc., Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems, Optotek, Nidek, Schwind, Lumenis.

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priya saraf

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priya saraf
Joined: May 23rd, 2019
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