The global ophthalmic lasers market was valued at USD 1.05 billion by the year 2018 and is expected to reach USD 1.55 billion in the year 2026, at a CAGR of 4.9%. Lasers have become a factor of a necessity for ophthalmologists. These provide proper treatment of various eye disorders with fewer chances of infection. The lasers depend on the radioactive material; it cures diabetic retinopathy as the blue, green wavelengths are formed, and the cells absorb the wavelengths below the retina and the hemoglobin itself. It avoids the leakage caused in the blood vessels. Retinal photocoagulation is the first clinical laser application. According to the recent survey conducted, around 285 million people are visually blind. 43% of the population have refractive errors, and 51% (including the 50 above population) suffer from cataract. Latest therapies in the market involves the scatter laser treatment, used to cure the slow progression of diabetic retinopathy and also in patients suffering from the successive loss of vision with non-high risk Proliferative Diabetic Retinopathy and Non-proliferative Diabetic Retinopathy.
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The companies operating in the market and profiled in the report include
Abbott Medical Optics, Inc., Johnson and Johnson (USA), Alcon Laboratories (Switzerland), Bausch and Lomb (United States), Ellex Medical Lasers Limited (Australia), Lumenis Ltd., Nidek Company (Japan) and IRIDEX Corporation (U.S.), Carl Zeiss Meditec, Ziemer.
The report offers complete portfolios of the key companies operating in the market including production capacity, revenue share and size, gross margin, sales revenue and margin, business expansion plans, technological advancements, product portfolio, global market position, and financial standing. The report also discusses in detail the recent mergers and acquisitions, joint ventures, product launches and brand promotions, partnerships, collaborations, agreements, and corporate and government deals.
For the purpose of this report, Reports and Data has segmented the ophthalmic lasers market on the basis of products, application, end use and region wise segmentation.
Product Outlook (Revenue in Million USD; 2016–2026)
- Diode lasers
- Excimer lasers
- Femtosecond lasers
- Nd: YAG lasers
- Others
Application Outlook (Revenue in Million USD; 2016–2026)
- Age related macular degeneration treatment
- Cataract treatment
- Glaucoma treatment
- Refractive eye surgery
- Diabetic Retinopathy Treatment
- Other Applications
End Use Outlook (Revenue in Million USD; 2016–2026)
- Hospital
- Eye clinics
- Ambulatory surgery centers
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The report focuses on evaluation of the Ophthalmic Lasers market in major regions and the countries included in those regions. The report evaluates the key aspects of the global market such as production and consumption patterns, supply and demand ratio, import and export, economic growth, technological developments, and robust presence of key players in the region. The report also offers a country wise analysis to offer better information about the Ophthalmic Lasers market scope in key regions and crucial factors influencing market growth in major countries. Regional analysis covers the following:
- North America
- Canada
- U.S.
- Mexico
- Europe
- Germany
- Italy
- U.K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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Further key findings from the report suggest
- North America had obtained a market share of 34.5% and a market revenue of USD 361.2 in 2018. Increased incidence of chronic diseases, high occurrence of eye disorders, and continuous registration and approvals.
- According to the forecast period, the femtosecond lasers is planning to reach USD 691.6 million by 2026 due to the widespread presence of refractive errors and cataract, increasing the administered use of femtosecond lasers and technological innovations in the lasers itself.
- The hospital segment is going to project the largest share of the market due to new forefront technology in machines and devices and progressive growth of hospitals in upcoming segments.
- Asia Pacific is bound to show positive growth with a CAGR of 6.0% in 2026 due to the sudden increase in optic diseases, advancements in projects related to treatment.
- Johnson and Johnson had declared the completion of its investment with Abbott Medical Optics, an Abbott subsidiary, in 27th February 2017. The product portfolio consists of eye products that belong to cataract surgery, laser refractive surgery, and consumer eye health. These products merged with ACUVUE Brand Contact Lenses, and will now work under Johnson and Johnson Vision. Ellex Medical Lasers, a market leader in medical equipment, stated that it would continue its consensus with the U.S. based STAAR Surgical Company by selling and distributing its range of products, being refractive and cataract lens implant in Australia.
Key Advantages of the Ophthalmic Lasers Market Report:
- Detailed analysis of changing dynamics of the global Ophthalmic Lasers market
- Valuable insights on key market growth driving trends and monetary competence over the forecast period
- SWOT analysis and Porter’s Five Forces analysis for each key market player to offer competitive advantage to readers and investors
- Comprehensive assessment of competitive landscape and regional analysis
- Assessment of key factors driving and restraining market growth
- Analysis of threats, limitations, growth prospects, opportunities, and barriers in the market
- Strategic recommendations to key market players and new entrants to assist them in gaining a robust footing in the market
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