The Ophthalmic Lasers Market deals with the development of a medical device which makes the most of a laser beam generator to treat ophthalmic disorders by targetting specific cells. Ophthalmic lasers are carefully directed to influence only a minor area of the eye.
The products produced by the Ophthalmic Lasers Market help in treating various eye-related disorders like surgery for cataracts, eye laser surgery, retinal photocoagulation, etc. The choice regarding a particular laser eye treatment depends on the disease. For example, green laser is widely preferred while undertaking the treatment of photocoagulation. Currently, the market for eye surgery is hindered by the high cost involved and a severe shortage of skilled professionals to help provide treatment.
Scope & Regional Forecast of the Ophthalmic Lasers Market
Several factors have been observed as the key growth drivers of the Ophthalmic Lasers Market. A spurt in the number of patients complaining of glaucoma and the tendency exhibited by a growing geriatric population to experience cataract related issues are widely considered to be the primary reason for high growth during the forecast period. Another variable which has helped in bringing down the cost of utilizing the services of a femtosecond laser or a diode laser has been the enthusiasm shown by various governments across the world in announcing favourable insurance or reimbursement policies.
The availability of solid healthcare facilities and Obamacare has ensured that North America holds the highest share in the Ophthalmic Lasers Market as far as revenue is concerned. This region is also responsible for being the main driver for extensive research into superior laser eye treatment as well as eye surgery procedures. Europe follows it closely behind while Asia-Pacific’s rapidly improving healthcare infrastructure is predicted to register the fastest growth over the next few years. China and India, in particular, has announced massive plans to provide affordable healthcare in previously uncovered rural areas.
Segmentations & Key Players Involved in the Ophthalmic Lasers Market
According to IndustryARC findings, the Ophthalmic Lasers Market can be broken down into various segmentations on the basis of –
Product Type: Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode Lasers and Other Lasers.
Application: Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment and Others.
End User: Hospitals, Clinics and Ambulatory Surgery Centers.
Some of the key players involved in the Ophthalmic Lasers Market according to IndustryARC are as follows:
Carl Zeiss Meditec AG
Abbott Medical Optics, Inc.
Ellex Medical Lasers Limited, Lumenis
Bausch & Lomb Incorporated
Alcon Laboratories, Inc.