The market size for ophthalmic lasers was valued at USD 479.0 million in 2018 and is anticipated to grow to USD 722.0 million by 2026, at a CAGR of 5.3%. In 2019, approximately 2.2 billion people worldwide experienced some form of vision impairment, according to WHO. Among other things, glaucoma, cataracts, and diabetic retinopathy are some of the main causes of vision loss.
Myopia and other refractive errors affect a sizable patient base in developing nations like China, India, and other Southeast Asian nations. Fewer people are having LASIK surgeries in these nations due to the patient population's overreliance on eyeglasses and contact lenses for vision correction. However, the U.S. has a higher rate of ophthalmic laser adoption among medical professionals, and the number of people having LASIK surgery there is rising.
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Key Points Covered In the Ophthalmic Lasers Market
Advancements in laser technology: Ophthalmic lasers have undergone significant advancements in recent years, including the development of more precise and efficient laser systems. This has led to a growing demand for these lasers in the market.
Increasing prevalence of eye diseases: The prevalence of eye diseases such as cataracts, glaucoma, and age-related macular degeneration is on the rise, which is driving the demand for ophthalmic lasers in the market.
Growing adoption in refractive surgery: Ophthalmic lasers are widely used in refractive surgery procedures such as LASIK, PRK, and LASEK. The increasing adoption of these procedures is boosting the growth of the ophthalmic lasers market.
Rising adoption in developing countries: Developing countries are witnessing a growing adoption of ophthalmic lasers in recent years due to the increasing awareness about the benefits of laser-based treatments.
Strong growth in Asia-Pacific: The Asia-Pacific region is expected to experience strong growth in the ophthalmic lasers market due to the increasing adoption of these lasers in developing countries such as China and India.
Ophthalmic Lasers Market Size Analysis 2022:
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and overall revenue generated by the key players in the Market. Furthermore, the report offers a detailed analysis and information as per Ophthalmic Lasers Market Size Growth Analysis by manufacturers, and market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Competitive and Regional Analysis:
This report focuses on Ophthalmic Lasers Market Size, especially in North America, Europe and Asia-Pacific, South America, the Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The Ophthalmic Lasers Market Size report examines the competitive scenarios by analyzing key players in the market. The company profiling of leading market players has been included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for the expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and overall revenue generated by the key players in the Market.
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Major Ophthalmic Lasers Market Size Manufacturers covered in the market report include:
IRIDEX Corporation
Lumenis
NIDEK CO., LTD.
Carl Ziess Meditec AG
Ellex Medical Lasers Ltd.
TOPCON CORPORATION
NoIR Laser Company, LLC
Lumibird
Other players