The growth of the global ophthalmic lasers market is attributed to the growing occurrences of chronic disorders of eyes, increasing favourable government policies, and government initiatives to prevent vision impairment, among more. The usage of ophthalmic lasers is anticipated to increase during the forecast period owing to rising eye-related diseases globally. Technological enhancements are playing an important role and marking a significant trend in the area of ophthalmic lasers, which are projected to boost the growth of the market over the forecast period.
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Ophthalmic lasers provide multiple functions including minimally invasive surgery, excellent patient suitability, and early visual recovery, among more. These properties of ophthalmic lasers are contributing significantly to the growth of the market. Femtosecond lasers segment is expected to prevail considerably owing to its ease of use and improved safety, coupled with relatively reduced chances of thermal damage to corneal tissues.
According to NPCB (National Programme for Control of Blindness), there are around 45 million blind individuals across the globe, and as per World Health Organization (WHO), the population of blind individuals will double due to growing population and longevity. These factors are expected to increase the demand for ophthalmic lasers. Various government programs and initiatives have contributed substantially to the growth of the ophthalmic lasers market. For instance, in India, a program NPCB was launched, aimed to reduce the prevalence of blindness to 0.3% by 2022. Additionally, the program included treatment for eye diseases such as diabetic retinopathy, as well as cataract, with the help of various laser techniques.
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Moreover, technological advancements, including optical coherence tomography for increasing the accuracy of ophthalmic laser surgeries, witnessed in the ophthalmology, also strengthened the ophthalmic laser market. On the other hand, ophthalmic laser therapies are expensive which is hampering the acceptance of ophthalmic lasers among the end-users, which can subsequently restrain the market growth. Key ophthalmic Laser therapy providers include Carl Zeiss Meditec AG, NIDEK Co., Ltd., Bausch & Lomb, Inc., Novartis International AG, Quantel Medical, and A.R.C. Laser GmbH among many more.
Global Ophthalmic Lasers Market Segmentation
By Type
Excimer Laser
Femtosecond Laser
Cyclodiode Laser
Nd: YAG Laser
Selective-Laser-Trabeculoplasty (SLT) Laser
Others
By Application
Cataract Surgery
Glaucoma Surgery
Diabetic Retinopathy
Refractive Surgery
Age-Related Macular Degeneration (AMD)
Cornea Transplant Surgery
Others
By End-User
Hospital
Clinic
Ambulatory Surgical Center
By Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
A.R.C. Laser GmbH
Bausch & Lomb, Inc.
Boston Scientific Corp.
Carl Zeiss Meditec AG
Coherent, Inc.
Ellex Medical Lasers Ltd.
IPG Photonics Corp.
IRIDEX Corp.
Johnson & Johnson
LIGHTMED Corp.
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