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Ophthalmic Lasers Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Abbott Laboratories, Alcon Laboratories Inc., Bausch & Lomb Incorporated, Coherent Inc., Carl Zeiss Meditec AG
Ophthalmic Lasers Market Characteristics
The Business Research Company offers in-depth market insights through Ophthalmic Lasers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ophthalmic lasers market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing incidence of eye disorders, aging population, rise in refractive surgeries, increased awareness and early diagnosis, expanding healthcare infrastructure, strategic collaborations in the healthcare sector..
The ophthalmic lasers market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising global geriatric population, growing lifestyle-related eye disorders, expansion of minimally invasive surgeries, increasing demand for aesthetic eye procedures, customization and personalization of treatments, collaborations in research and development.. Major trends in the forecast period include advancements in photocoagulation techniques, focus on pediatric ophthalmic procedures, emergence of portable and handheld lasers, enhanced visualization technologies, rapid growth in refractive surgery market, collaborations for research and development..
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Market Segmentation:
The main types of ophthalmic lasers are femtosecond lasers, excimer lasers, neodymium-doped yttrium aluminum garnet (Nd:YAG) lasers, diode lasers, and others. A femtosecond laser is a type of ultrafast laser that emits extremely short pulses of light, with each pulse lasting just a few femtoseconds (1 femtosecond = 10-15 seconds), and is used in ophthalmology for precise corneal surgeries like LASIK flap creation and cataract lens fragmentation. They are used in several applications such as refractive error treatment, cataract treatment, glaucoma treatment, diabetic retinopathy treatment, age-related macular degeneration (AMD) treatment, and others by end-users, including hospitals, ambulatory service centers, and ophthalmic clinics.
Major Driver - Rising Prevalence Of Eye Diseases Sparks Ophthalmic Laser Market Growth
A rising prevalence of eye diseases is expected to propel the growth of the ophthalmic laser market going forward. Eye disorders are illnesses or conditions affecting the eyes' tissues and other components, leading to various symptoms and potential vision impairment. The rise in eye illnesses such as glaucoma and diabetic retinopathy is a primary cause of the expansion of ophthalmic lasers demand, which are intended for precise and targeted applications within the eye and play an essential part in various ophthalmic treatments. For instance, in November 2022, according to the Centers for Disease Control and Prevention, a US-based government administration for public health, over 3 million Americans were suffering from glaucoma (eye conditions that can damage the optic nerve), and it is expected to increase to 6.3 million by 2050. Therefore, the increase in the incidence of eye diseases/glaucoma will drive the growth of the ophthalmic laser market.
Competitive Landscape:
Major companies operating in the ophthalmic lasers market report are Abbott Laboratories, Alcon Laboratories Inc., Bausch & Lomb Incorporated, Coherent Inc., Carl Zeiss Meditec AG, Topcon Corporation, Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., LUMIBIRD, Optos PLC, Lutronic Corporation, Quantel Medical SAS, NIDEK CO. LTD, IRIDEX Corporation, Ellex Inc., Technolas Perfect Vision GmbH, LENSAR LLC, Lightmed GmbH, Ziemer Ophthalmic Systems AG, Ocular Instruments, SCHWIND eye-tech-solutions GmbH & Co. KG, NoIR Laser Company LLC, ASICO LLC., DEKA Laser, AcuFocus Inc., A.R.C. Laser GmbH, ATL Lasertechnik GmbH, Norlase, Alna-Medicalsystem GmbH, Luxium Solutions LLC
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Top Trend - Innovative Laser Technology Enhances Ophthalmic Procedures and Market Presence
Major companies operating in the ophthalmic laser market are focused on developing laser technology, such as the Capsulo Nd:YAG laser device, to improve vision correction procedures and expand their market presence. The CapsuloTM Nd:YAG laser represents a fully integrated, user-friendly, and exceptionally versatile laser platform, allowing for efficient and precise capsulotomy and iridotomy procedures. For instance, in April 2022, Lumibird Medical Nordics AB, a France-based manufacturer of medical equipment, launched the Capsulo Nd:YAG laser device, which is built with exclusive high-quality optics, delivering pristine clarity of view into the anterior and posterior segments of the eye, and advanced illumination with a variable-height light tower that offers dual illumination angles of 16° and 7.5° for anterior and posterior laser applications in capsulotomy and iridotomy treatments.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ophthalmic Lasers Market Characteristics
3. Ophthalmic Lasers Market Trends And Strategies
4. Ophthalmic Lasers Market - Macro Economic Scenario
5. Ophthalmic Lasers Market Size And Growth
…..
27. Ophthalmic Lasers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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