Ophthalmic Lasers Market Set for Rapid Growth By Top Industry Players IMRA America, Inc., Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems, Optotek, Nidek, Schwind

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.

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According to Centers for Disease Control and Prevention (CDC), in 2015, around 11 million people in the U.S., aging 12 years and above, have vision impairment, which could be improved by correcting refractive errors. Moreover, around 3.3 million people in the U.S., aged 40 years and above were estimated as legally blind or with low eye functioning.

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.

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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On the basis of laser type, the global ophthalmic lasers market is segmented into:

Nd: YAG Laser
Frequency Doubled Green Laser
SLT Laser
Excimer Laser
Femtosecond Laser
Cyclodiode Laser
On the basis of application, the global ophthalmic lasers market is segmented into:

Cataracts
Glaucoma
Diabetic Retinopathy
Macular Degeneration (AMD)
Refractive Corrections
On the basis of end user, the global ophthalmic lasers market is segmented into:

Hospitals
Eye Clinics
Ambulatory Surgical Centers
Others

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This release was published on openPR.