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Ophthalmic Lasers Market by Product, Application – Global Market Development, Growth, and Demand Forecast, 2013–2023
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Increasing prevalence of eye diseases, growing aging population, and rising awareness about the technologically advanced laser operations are the major factors driving the growth of the ophthalmic lasers market. According to the World Health Organization (WHO), people aged 50 years or above are more likely to be affected by moderate and severe vision impairment. Chronic eye diseases, un-operated cataract, and uncorrected refractive errors are the major cause of vision impairment.
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Increasing prevalence of cataract, rising number of hospitals, increasing government initiatives, and rising awareness about the advanced laser technologies in developing countries create ample opportunities for the market players to introduce novel ophthalmic laser therapies. According to International Diabetes Federation (IDB) report in 2016, around 80% of the world’s diabetes retinopathy patients resides in developing countries.
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Some of the other players in the ophthalmic lasers industry include, Novartis AG, Topcon Corporations, Ellex Medical Lasers Ltd, QUANTEL SA, IRIDEX Corporation, NIDEK CO Ltd., LMENIS LTD, Abbott Laboratories and Ziemer Ophthalmic Systems AG.
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