Ophthalmic lasers are devices that allow precise treatment for a range of eye problems with little risk of infection. Many laser procedures are relatively pain free and can be performed on an outpatient basis. The combination of safety, accuracy, and relative low cost make ophthalmic lasers a very useful tool in the field of ophthalmology.
The use of ophthalmic lasers for treating various eye conditions has become increasingly popular due to their notable precision, affordability, safety, and convenience. With painless procedures and easy access to outpatient treatment, patients are increasingly opting for ophthalmic lasers.
An ophthalmic laser system is composed of a foot pedal, laser console, and laser delivery system. The laser energy is conveyed to the patient’s eye through different delivery systems, such as a fiber optic cable, an operating microscope, a slit lamp, or an indirect ophthalmoscope, which are connected to the console. Ophthalmologists and manufacturers of eye surgery devices are researching the medical applications of lasers, including cataract surgery and diagnostic retinal imaging. One example is the ongoing clinical trials of the SLT laser device by Sight Sciences, Inc., which is being studied for its efficacy in treating patients with open angle glaucoma.
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In 2010, the World Health Organization (WHO) reported that out of 285 million individuals with visual impairments, approximately 39 million were completely blind. To address this issue, the World Health Assembly has endorsed an action plan for universal access to eye health between 2014 and 2019. This plan serves as a guide for Member States, the WHO Secretariat, and international partners, with the goal of reducing visual impairments by approximately 25% by the end of 2019.
The ophthalmic lasers market is anticipated to experience growth due to the rising number of individuals affected by age-related macular degeneration.
As per the World Health Organization (WHO), uncorrected refractive errors were the leading cause of moderate and severe visual impairment worldwide in 2014. Cataracts are the primary cause of blindness in underdeveloped nations, and about 90% of visually impaired individuals reside in emerging economies, highlighting the necessity for ophthalmic treatments. The Centers for Disease Control and Prevention (CDC) has projected that the total number of people with cataracts will rise to 30.1 million by 2020.
The Centers for Disease Control and Prevention (CDC) reported in 2015 that approximately 11 million individuals in the United States aged 12 years and older suffer from vision impairment that could be corrected by addressing refractive errors. Additionally, an estimated 3.3 million individuals in the United States aged 40 years and older are legally blind or experience low functioning of the eyes.
The ophthalmic lasers market is being propelled by various factors, such as the increasing prevalence of retinopathy caused by diabetes, growing awareness among the population regarding treatment options for visual impairment, and the availability of minimally invasive surgical procedures. The World Health Organization (WHO) reported that the number of individuals with diabetes was approximately 422 million in 2014 and is projected to rise in the coming years.
The growth of the ophthalmic lasers market is impeded by two key factors: inadequate healthcare infrastructure in emerging nations and the reluctance of people to undergo laser surgery. As per the International Council of Ophthalmology, the ratio of ophthalmologists to the population in India was 1 to 90,000 in 2012, with only 12,000 ophthalmologists serving over a billion people.
Prominent players, including Schwind, Optotek, Bausch & Lomb, IMRA America, Inc., Lumenis, Abbott Medical Optics, Nidek, Newport Corporation, Carl Zeiss Meditec, Alcon, and Ziemer Ophthalmic Systems, are operating in the ophthalmic lasers market.
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Ophthalmic Lasers Market Report Coverage
|The market size value in 2023|
The ophthalmic lasers market is anticipated to experience growth propelled by the swift progression of technology.
The global ophthalmic lasers market is categorized based on laser type, applications, end-users, and region. The market growth is anticipated to be fueled by innovative technologies such as Lasik and Intra Lasik.
Classification of the global ophthalmic lasers market
Based on the type of laser:
- Nd: YAG Laser
- Femtosecond Laser
- SLT Laser
- Frequency Doubled Green Laser
- Cyclodiode Laser
- Excimer Laser
Based on the type of application:
- Diabetic Retinopathy
- Refractive Corrections
- Macular Degeneration (AMD)
Based on the type of end user:
- Ambulatory Surgical Centers
- Eye Clinics
Coherent Market Insights has segmented the ophthalmic lasers market regionally into Latin America, Africa, Asia Pacific, Europe, the Middle East, and North America. Among these regions, North America is anticipated to have a strong foothold in the global ophthalmic lasers market. The primary reasons for this are the presence of major players such as Abbott Medical Optics and Iridek Corporation, which are actively engaged in research and development, and the availability of a sufficient number of ophthalmologists. The market in Latin America is anticipated to experience notable expansion, primarily due to the widespread adoption of eye care services offered by the national security system throughout the region. Meanwhile, the Asia Pacific region is projected to witness a substantial growth rate in the market, attributed to significant investments made by companies in the region. As an example, China has invested more than 100 million dollars in cataract surgeries since 2009 and is expected to continue investing in the upcoming period.
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Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Ophthalmic Lasers Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Ophthalmic Lasers Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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