Ophthalmic Lasers Market to boost its value by year 2023 with registering a CAGR of 4.5%
According to a report published by Allied Market Research, the global ophthalmic lasers market garnered $1.11 billion in 2016, and is estimated to reach $1.51 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.
The laser emits light through a process known as optical amplification, which is performed using stimulated emission of electromagnetic radiation. Lasers are widely used in the ophthalmic field because laser-tissue interactions are associated with medical applications such as ophthalmology. There are a wide range of eye-related diseases such as cataracts, age-related macular edema, glaucoma, and diabetic retinopathy.
Surge in number of eye-related diseases, technological advancements in the laser, and rise in awareness regarding laser applications in ophthalmology facilitate the growth in the market. However, strict safety regulations and increase in rate of failure of surgeries that involves usage of lasers restrain the market growth. On the other hand, untapped potential in emerging economies, such as LAMEA and Asia-Pacific, along with rise in disposable income would offer new opportunities to the manufacturers. The Nd:YAG lasers segment would grow at the highest CAGR of 5.2% from 2017 to 2023. This is due to diverse applications of the lasers for treating different types of various eye diseases.
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.
Snapshot of LAMEA Ophthalmic Lasers Market
Key vendors focus on the emerging markets, namely, Asia-Pacific and LAMEA. Brazil offers lucrative opportunities in LAMEA ophthalmic lasers market, owing to increase in number of ocular diseases in this country and other parts of the region, which is further expected to boost the Brazil ophthalmic lasers market during the forecast period.
Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/2013
In 2016, North America held the major market share, accounting for nearly two-fifths of the market, owing to the surge in prevalence of eye-related diseases and rise in adoption of technologically advanced products. Europe contributes to the second position in the market.
Key Findings of the report:
• The photo disruption lasers segment is expected to register a CAGR of 3.0% throughout the forecast period.
• North America contributed the highest market share in 2016 based on regions, contributing for nearly two-fifths share of the total market share. Moreover, the segment is expected to dominate in terms of revenue by 2023.
• The eye clinics segment contributed for a major share in 2016, with more than one-fourth of the total market.
• Based on application, The glaucoma surgery segment contributed to the highest CAGR of 6.6% in the market in 2016.
The major companies analyzed in the report are Carl Ziess Meditec Ag, Topcon Corporation, Novartis AG, Quantel Inc., Ellex Medical Corporation, Nidek Co., LTD., Iridex Corporation, Abbott Laboratories, Lumenis, and Ziemer Ophthalmic Systems. They have adopted various strategies including new product launches, collaborations, expansions, partnerships, mergers & acquisitions, and others to gain stronghold in the industry.
Flat 20% Discount on All License Type .. https://www.alliedmarketresearch.com/checkout/816973 *Offer Valid Till 20th April 2019
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.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
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 to boost its value by year 2023 with registering a CAGR of 4.5% here
News-ID: 1677079 • Views: 420
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
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