Ophthalmic Lasers Market By Type (Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers) Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, Other Applications) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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The Global Ophthalmic Lasers Market is worth USD 970 million in 2016 and estimated to grow at a CAGR of 5%, to reach USD 1.24 billion by 2021. The global Ophthalmic Lasers market is developing at an exceptionally quick pace.
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A laser is a device that emits light and works on the principle of optical amplification based on the stimulated emission of electromagnetic radiation. At present, lasers are highly adopted in the area of medicine for treatment of various diseases.
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Moreover, these are adopted rapidly in ophthalmology procedures due to their positive results during an eye surgery.
The market for ophthalmic laser is required to witness noteworthy development amid the estimate time frame because of individuals experiencing glaucoma, waterfall, age-related macular degeneration (AMD), and diabetic retinopathy. This generally happens among the geriatric population.
American Academy of Ophthalmology expressed that, around 1.3 million U.S. populace are visually impaired.
Thus, keeping in mind the end goal to limit such tremendous rate of vision misfortune, there is a high requirement for the utilization of ophthalmic laser innovation.
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The Global market for Ophthalmic Lasers is segmented on the basis of type, application, and region. Based on Type, the market is segmented into Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers.
The femtosecond lasers segment is expected to account for the largest share of the global market and is projected to grow at the highest CAGR during the forecast period. This can be attributed to components, for example, expanding pervasiveness of refractive blunders and waterfall, mechanical headways in femtosecond lasers, growing uses of femtosecond lasers, and expanding administrative endorsements.Based on Application, the market is segmented into Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, Other Applications.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. The Europe had low CAGR during the forecast period.
The reasons for the same might be the government policies.
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Ellex Medical Lasers Limited (Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch & Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel).)are the leaders in the global Ophthalmic Lasers market.
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