The global market for ophthalmic lasers was valued at US$ 854Mn in 2016 and is expected to reach US$ 1520Mn by 2025 with a CAGR increase of 6.36% from 2017 to 2025. Ophthalmic lasers have a high demand in the eye care market due to factors such as improved patient suitability, painless, minimal invasive surgery, and negligible risk of postoperative corneal infection and early visual recovery. Ophthalmic lasers are further segmented into product types, namely femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers and others; and refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy and AMD treatment applications. Femtosecond lasers are leading the product segment due to increased safety and ease of use, lower thermal damage to corneal tissue and regulatory approval.
In addition, excimer lasers will be the fastest-growing market in the product segment during the forecast period due to an increase in the prevalence of corneal diseases, relatively cold laser techniques for diverse applications in ophthalmic therapy and upgrades to products such as faster pixel switching, reduced power consumption.
Refractive error correction leads the application segment due to increased eye complications, an aging population and a high level of public awareness.
Diabetic retinopathy treatment will register the fastest growth among the application segments due to an increase in the number of diabetic patients, early diagnosis of disease, and government and non-government initiatives to promote treatment.
The market for ophthalmic lasers is technologically driven by IRIDEX Corporation, Bausch and Lomb Incorporated, Abbott Medical Optics, Inc., NIDEK Co. Ltd., etc. are few market leaders in the market for ophthalmic lasers and compete to increase their market foothold.
[Browse full report: “Ophthalmic Lasers Market Size”]
Key research study highlights comprise:
- Exhaustive research and analysis of the global OPHTHALMIC LASERS industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on OPHTHALMIC LASERS market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross-sectional analysis of each region covering individual segments for the forecast period 2016 – 2017 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global OPHTHALMIC LASERS market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global OPHTHALMIC LASERS market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in OPHTHALMIC LASERS market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of OPHTHALMIC LASERS market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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