Ophthalmic Lasers Market Forecast To Reach USD 1.55 Billion By 2026 Says Reports And Data

The global ophthalmic lasers market was valued at USD 1.05 billion by the year 2018 and is expected to reach USD 1.55 billion in the year 2026, at a CAGR of 4.9%. Lasers have become a factor of a necessity for ophthalmologists. These provide proper treatment of various eye disorders with fewer chances of infection. The lasers depend on the radioactive material; it cures diabetic retinopathy as the blue, green wavelengths are formed, and the cells absorb the wavelengths below the retina and the hemoglobin itself. It avoids the leakage caused in the blood vessels. Retinal photocoagulation is the first clinical laser application. According to the recent survey conducted, around 285 million people are visually blind. 43% of the population have refractive errors, and 51% (including the 50 above population) suffer from cataract. Latest therapies in the market involves the scatter laser treatment, used to cure the slow progression of diabetic retinopathy and also in patients suffering from the successive loss of vision with non-high risk Proliferative Diabetic Retinopathy and Non-proliferative Diabetic Retinopathy.

The drivers responsible for the growth of the ophthalmic laser market is the increased population incidence of eye disorders, the rise in obese and geriatric population, maximum capabilities to bring visual impairment under control, upcoming technological innovations and legal approvals for ophthalmic lasers.

The femtosecond lasers have brought improvements in the ophthalmic lasers market. The LASIK (laser in-situ keratomileusis) surgery paved the way for effective treatment of cataract and refractive eye surgery. Certain viable restraining factors includes the steep prices in equipment facilities and remedies, and contrary remuneration in laser eye surgeries will hinder the market growth in the coming forecast period.

The Ophthalmic lasers market includes major players such as:

Abbott Medical Optics, Inc., Johnson and Johnson (USA), Alcon Laboratories (Switzerland), Bausch and Lomb (United States), Ellex Medical Lasers Limited (Australia), Lumenis Ltd., Nidek Company (Japan) and IRIDEX Corporation (U.S.), Carl Zeiss Meditec, Ziemer.

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Further key findings from the report suggest

North America had obtained a market share of 34.5% and a market revenue of USD 361.2 in 2018. Increased incidence of chronic diseases, high occurrence of eye disorders, and continuous registration and approvals.

According to the forecast period, the femtosecond lasers is planning to reach USD 691.6 million by 2026 due to the widespread presence of refractive errors and cataract, increasing the administered use of femtosecond lasers and technological innovations in the lasers itself.
The hospital segment is going to project the largest share of the market due to new forefront technology in machines and devices and progressive growth of hospitals in upcoming segments.

Asia Pacific is bound to show positive growth with a CAGR of 6.0% in 2026 due to the sudden increase in optic diseases, advancements in projects related to treatment.

Johnson and Johnson had declared the completion of its investment with Abbott Medical Optics, an Abbott subsidiary, in 27th February 2017. The product portfolio consists of eye products that belong to cataract surgery, laser refractive surgery, and consumer eye health. These products merged with ACUVUE Brand Contact Lenses, and will now work under Johnson and Johnson Vision. Ellex Medical Lasers, a market leader in medical equipment, stated that it would continue its consensus with the U.S. based STAAR Surgical Company by selling and distributing its range of products, being refractive and cataract lens implant in Australia.

A formal agreement has been formed between Lumibird, a market player based in Europe and Ellex Medical Lasers an Australian company, to obtain Ellex’s laser and ultrasound market thereby making it applicable for treatment of optical diseases.
Ziemer Ophthalmic Lasers, based in Switzerland, developed protocols to integrate lenticular extraction capabilities for the initiation of the LDV Z8 femtosecond laser system.

Technology consulting firm, IDTechEx, gave a demonstration on the recent advances in laser technology, is applied in laser material processing and industrial manufacturing.

The ReLEx SMILE surgery innovated by Carl Zeiss Meditech is a keyhole laser surgery, which gives minimum injury than the standard methods followed, and it allows rectification of maximum myopic prescriptions….Continue

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For the purpose of this report, Reports and Data has segmented the ophthalmic lasers market on the basis of products, application, end use and region wise segmentation.

Product Outlook (Revenue in Million USD; 2016–2026)

Diode lasers
Excimer lasers
Femtosecond lasers
Nd: YAG lasers
Others

Application Outlook (Revenue in Million USD; 2016–2026)

Age related macular degeneration treatment
Cataract treatment
Glaucoma treatment
Refractive eye surgery
Diabetic Retinopathy Treatment
Other Applications

End Use Outlook (Revenue in Million USD; 2016–2026)

Hospital
Eye clinics
Ambulatory surgery centers

Regional Outlook (Revenue in Million USD; 2016–2026)

North America
U.S
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil

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Report Highlights:

The report provides a detailed analysis on current and future market trends to identify the investment opportunities
Market forecasts till 2026, using estimated market values as the base numbers
Key market trends across the business segments, regions and countries
Key developments and strategies observed in the market
Market Dynamics such as Drivers, Restraints, Opportunities and other trends
In-depth company profiles of key players and upcoming prominent players
Growth prospects among the emerging nations through 2026
Market opportunities and recommendations for new investments
Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2016-2026

Chapter 3. Indicative Metrics

3.1. Macro-Economic Indicators
3.1.1. Growing demand for disposables
3.1.2. Increase in prevalence of respiratory disorders

Chapter 4. Global Ophthalmic Lasers Segmentation & Impact Analysis

4.1. Global Ophthalmic Lasers Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis

Continue…

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.