openPR Logo
Press release

Ophthalmic Lasers Market projected to expand $1,516 Million Value by 2023 : Carl Ziess Meditec Ag, Novartis AG, Topcon Corporation, Ellex Medical Corporation and other top key players included

02-15-2019 06:02 PM CET | Health & Medicine

Press release from: Allied Market Research

Ophthalmic lasers market

Ophthalmic lasers market

A laser is a light emitting device that works on the principle of optical amplification based on stimulated emission of electromagnetic radiation. The application of lasers in the area of ophthalmology is increasing rapidly for treatment of ocular diseases.

According to a new report published by Allied Market Research, titled, Ophthalmic lasers market by Type, Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global ophthalmic lasers market was valued at $1,111 million in 2016, and is projected to reach $1,516 million by 2023, registering a CAGR of 4.5% from 2017 to 2023. The photocoagulation lasers segment dominated the global market, accounting for a share of nearly three-fourths of the total market in 2016.

Request Sample/ TOC Report @ https://www.alliedmarketresearch.com/request-sample/2013

Segment Review

The photocoagulation market is expected to generate maximum revenue for the global ophthalmic lasers market. This is attributed to use in the treatment of macular edema, proliferative retinopathy, and others, which is increasingly prevalent across geographies.

The factors that drive the ophthalmic lasers market are surge in number of eye-related diseases, advancements in the laser technology, and increased awareness for laser application in the area of ophthalmology. However, stringent safety regulations and high rate of failure of surgeries involving use of lasers limit the market growth. Emerging nations, such as LAMEA and Asia-Pacific, and increasing disposable income are expected to provide major opportunities to the manufacturers of ophthalmic lasers.

The Nd:YAG lasers segment is expected to register highest CAGR of 5.2% from 2017 to 2018. This is attributed to diverse applications of these lasers in the treatment of various eye diseases.

Key Findings of the Ophthalmic Lasers Market:

• The photodisruption lasers segment is projected to grow at CAGR of 3.0% during the forecast period.
• North America accounted for a dominant position in the regional landscape in 2016, accounting for two-fifths share of the total market.
• In 2016, the eye clinics segment accounted for a share of more than one-fourth of the total ophthalmic lasers market.
• The glaucoma surgery segment accounted for the highest CAGR of 6.6% in the global ophthalmic lasers market, by application in 2016.

In 2016, North America accounted for a share of two-fifths of the global market, owing to the increase in prevalence of eye-related diseases and high adoption of technologically advanced products. Europe holds the second position in the global ophthalmic lasers market.

The major companies profiled in the report include Carl Ziess Meditec Ag, Novartis AG, Topcon Corporation, Ellex Medical Corporation, Quantel Inc., Iridex Corporation, Nidek Co., LTD., Lumenis, Abbott Laboratories, and Ziemer Ophthalmic Systems.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2013

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ophthalmic Lasers Market projected to expand $1,516 Million Value by 2023 : Carl Ziess Meditec Ag, Novartis AG, Topcon Corporation, Ellex Medical Corporation and other top key players included here

News-ID: 1593091 • Views: 586

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Ophthalmic

Ophthalmic Eye Shield Market Segmentation By Material type Aluminium Ophthalmic …
Eye shields are advised for use in the eye while a periorbital surgery to avoid any injury to the globe. Ophthalmic eye shields are used for postoperative ocular protection. Ophthalmic eye shields protect the cornea and retina while any eye surgery or laser treatment. Ophthalmic eye shields are highly preferred for cataract surgeries in the elder population and blepharitis correction especially for children. According to WHO, The World Health Organization,
Ophthalmic Viscosurgical Devices Market Snapshot During 2025
The global ophthalmic viscosurgical devices market is driven by the growing number of cataract procedures held worldwide. In addition to this, the lack of awareness among people regarding the need for regular eye checkups will also heighten the demand for ophthalmic viscosurgical devices in the future. The tendency to procrastinate eye checkups and thus, delayed detection of eye problems will aggravate the demand for these devices, fueling the market’s growth. The
Ophthalmic Lasers Market - Global Industry Analysis 2025
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
Ophthalmic Lasers Market- Growth Factors
The global ophthalmic lasers market is fragmented in nature, with top five vendors accounting for a modest 35.0% share in it in 2015. The market is characterized by moderate competition. However, in the foreseeable future, competition in the market is likely to heat up on the back of pharmaceutical companies entering it sensing an opportunity in the rising demand for effective surgical products because of the increasing number of ophthalmic
Excimer and Femtosecond Ophthalmic Lasers Market
Global excimer and femtosecond ophthalmic lasers market will expand at a CAGR of 5% over the forecast period, 2016-2026. The global excimer and femtosecond ophthalmic lasers market is expected to witness stable growth in 2016, reaching a value of US$ 666 Mn in terms of revenues. Excimer laser systems will continue to outsell femtosecond lasers. North America will remain the top market, whereas Asia Pacific (excluding China and Japan) is anticipated
Ophthalmic Devices Market - Global Industry Insights, 2025
Ophthalmology refers to a branch of medical sciences that deals with the structural and functional defects of the eye. Ophthalmic devices are medical devices used in the treatment and identification of certain ocular deformities and deficiencies of the eyes. The global ophthalmic devices market is driven by eye disorders such as glaucoma, diabetic retinopathy, macular degeneration, and cataract and vision care devices. Ophthalmic devices are also used in various surgical