Ophthalmic Lasers Market : Size, Share, Growth, Forecast and Analysis to 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.

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.

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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.

Global Ophthalmic Lasers Market 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.

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.

Increasing Prevalence of Visual Impairment Globally

The prevalence of visual impairment-related diseases is increasing globally, owing to change in lifestyle, such as smoking tobacco. Ophthalmic lasers provide a viable alternative for treatment of eye-related diseases, such as glaucoma, cataract, refractive error, age-related macular degeneration, and diabetic retinopathy.

The key players 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. The other players operating in the industry include Lightmed USA, Coherent, Inc., Ocular Instruments, Asico LLC., Deka M.E.L.A. S.r.l., and NoIR Laser Company, LLC.

Global Ophthalmic Lasers Market Key Benefits:

• The study provides an in-depth analysis of the global ophthalmic lasers market with current trends and future estimations to elucidate the imminent investment pockets.
• The report provides quantitative analysis of the industry from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the global market helps to understand the adoption of ophthalmic lasers for surgical procedures.
• Competitive intelligence highlights the business practices, followed by leading market players across various geographies.

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