High prevalence of
ophthalmic disorders, rapid growth in geriatric population, technological
advancements, increasing regulatory approvals for ophthalmic lasers, rising
prevalence of chronic diseases such as diabetes, and increasing initiatives to
control visual impairment are expected to drive the growth of the global
ophthalmic lasers market in the coming years.
This report studies the
global Ophthalmic Lasers
Market for the forecast period of 2016 to 2021. This market
is expected to reach USD 1,245.4 Million by 2021 from USD 970.2 Million in
2016, at a CAGR of 5.1% from 2016 to 2021.
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The global ophthalmic
lasers market is segmented on the basis of product types, applications, end
users, and regions.
Based on product type,
the ophthalmic lasers market is categorized into femtosecond lasers, excimer
lasers, Nd:YAG lasers, diode lasers, and others. The femtosecond lasers segment
is expected to command the largest share of the global ophthalmic lasers
market, by product type and is projected to grow at the highest CAGR during the
forecast period. This growth can be attributed to factors such as rising
prevalence of refractive errors and cataract, increasing technological
advancements in femtosecond lasers, increasing applications, and regulatory
approvals of femtosecond lasers.
Based on applications,
the ophthalmic lasers market is segmented into refractive error correction,
cataract removal, glaucoma treatment, diabetic retinopathy treatment, AMD
treatment, and other applications. In 2016, the refractive error correction
segment is expected to command the largest share of the global ophthalmic
lasers market. This can be attributed to the increasing incidence of refractive
errors and better clinical outcomes due to technological advancements in
ophthalmic lasers.
Based on end users, the
ophthalmic lasers market is segmented into hospitals and clinics &
ambulatory surgery centers (ASCs). The hospitals segment is projected to
command the largest share of the global ophthalmic lasers market. This can be
attributed to the factors such as the introduction of new technologies in
hospitals and increasing number of hospitals in emerging economies.
Based on regions, the
ophthalmic lasers market is divided into North America, Europe, Asia-Pacific,
and the Rest of the World. In 2016, North America is expected to account for
the largest share of the global ophthalmic lasers market.
Alcon Laboratories, Inc.
(U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany),
Bausch & Lomb Incorporated (U.S.), Ellex Medical Lasers Limited
(Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG
(Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), and Lumenis
Ltd. (Israel) are some of the key players in the ophthalmic lasers market.
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