Ophthalmic Lasers Market - Real Time Analysis & Forecast 2018 – 2026
Ophthalmic lasers
are used for treatment of wide range of eye problems. Significant
accuracy, low-cost, safe procedure, and convenient ophthalmic tools
has increased the demand for ophthalmic lasers. Patients prefer
ophthalmic lasers treatment due to pain free procedures and easy
availability on an outpatient basis.
The main
constituents of an ophthalmic laser system include foot pedal, laser
console, and laser delivery system. The laser energy is transmitted
to the patient’s eye by varied delivery systems, which are
connected to the console by a fiber optic cable, an operating
microscope, a slit lamp or an indirect ophthalmoscope.
Ophthalmologists and eye surgery devices manufacturers are studying
on medical uses of lasers, from cataract surgery to diagnostic
retinal imaging. For instance, Sight Sciences, Inc., has its SLT
laser device in clinical trials for study in patients with open angle
glaucoma.
According to World
Health Organization (WHO), in 2010, around 39 million people were
blind among 285 million visually impaired people. The World Health
Assembly has approved Action Plan 2014–2019 for the universal
access to eye health, a pathway for Member States, WHO Secretariat,
and International Partners, with the aim of achieving a reduction of
around 25% of visual impairments by 2019.
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Increasing
population suffering from age related macular degeneration are
expected to fuel growth of the ophthalmic lasers market
According to World
Health Organization (WHO), in 2014, the uncorrected refractive errors
was the prominent reason for moderate and severe visual impairment,
globally. Cataracts is the main cause of blindness among people in
underdeveloped countries and approximately 90% of visually impaired
people live in emerging countries, indicating need of ophthalmic
treatments. According to an estimation by CDC, the total number of
cataract patients is expected to increase to 30.1 million by 2020.
According to Centers
for Disease Control and Prevention (CDC), in 2015, around 11 million
people in the U.S., aging 12 years and above, have vision impairment,
which could be improved by correcting refractive errors. Moreover,
around 3.3 million people in the U.S., aged 40 years and above were
estimated as legally blind or with low eye functioning.
Diabetes is a
major cause of retinopathy and rising awareness among the population
towards solutions for visual impairment, easy procedure of the
surgery, increasing government initiatives are some of the factors
driving growth of the ophthalmic lasers market. According to World
Health Organization (WHO), the number of people with diabetes was
estimated to around 422 million in 2014 and is expected to increase
in the near future.
Rapid
advancement in technology is expected to drive growth of the
ophthalmic lasers market
The global
ophthalmic lasers market is segmented on the basis of laser type,
applications, end user, and geography. New technologies like Lasik
and Intra Lasik are expected to drive the growth of the market.
On the basis
of laser type, the global ophthalmic lasers market is segmented into:
-
Nd: YAG Laser
-
Frequency Doubled Green Laser
-
SLT Laser
-
Excimer Laser
-
Femtosecond Laser
-
Cyclodiode Laser
Regional
segmentation of the ophthalmic lasers market by Coherent Market
Insights comprises, North America, Europe, Latin America, Asia
Pacific, Middle East, and Africa. North America is expected to hold a
dominant position in the global ophthalmic lasers market. This is
mainly owing to presence of key players such as Abbott Medical Optics
and Iridek Corporation, which are focusing on research and
development and availability of adequate number of ophthalmologists.
Key players
operating in the ophthalmic lasers market are IMRA America, Inc.,
Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb,
Carl Zeiss Meditec, and Ziemer Ophthalmic Systems, Optotek, Nidek,
Schwind, Lumenis.
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Lasers Market
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