Factually, ophthalmology was the first clinical field where lasers have discovered an application. The ophthalmic laser is a medical device, which is utilized to target ophthalmic cells, so as to operate the ophthalmic disorder. Over five decades, utilization of lasers in ophthalmology has effectively indicated in treatment of various eye conditions. Ophthalmic lasers allow precise treatment of a range of ophthalmic disorder procedures such as cataract surgery, laser trabeculoplasty, retinal photocoagulation, and laser iridotomy 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 lasers very useful ophthalmic tools.
Ophthalmic Lasers Market Driving Factors
- Growing prevalence of eye diseases, rising awareness about the technologically advanced laser operations coupled with the rising geriatric populace are the major factors propelling the growth of the ophthalmic lasers market. As indicated by World Health Organization (WHO), individuals aged 50 years or above are more likely to be affected by moderate and severe vision impairment. And 81% of people who are blind or have moderate or severe vision impairment are aged 50 years and above. Therefore, with the rapidly expanding geriatric population, the demand of the ophthalmic lasers
- Further, diabetes is a major cause of blindness. As indicated by World Health Organisation data in 2014, diabetes affects more than 422 million people globally. Individuals with diabetes, type 1 and type 2, are at risk for diabetic eye disease. Hence, with the increasing prevalence of the chronic disorder such as diabetes, the demand ophthalmic lasers for the treatment of eye diseases will grow over the forecast period
- Government initiatives to control visual impairment will contribute to the growth of the ophthalmic laser market.
Ophthalmic Lasers Market Driving Challenges
- High cost associated with the ophthalmic laser treatment and therefore its affordability issue in under developed and developing countries is a barrier to the growth of the market
- Reduced availability of skilled practitioners will also hamper growth of the ophthalmic lasers market
Key Developments: Ophthalmic Laser Market
- December 2019: Norlase announced commercial launch of LEAF, the company’s flagship laser product for the treatment of retina and glaucoma disease. LEAF allows ophthalmologists to perform laser therapy in almost any exam room, with minimal set-up time and physical space required
- June 2018: The Medical Technology business group of ZEISS unveiled its next-generation VISULAS green photocoagulation laser at the World Ophthalmology Congress in Barcelona. Retinal Photocoagulation Lasers are used to treat a variety of eye diseases including two major causes of blindness: Diabetic Retinopathy and Age-related Macular Degeneration.
Ophthalmic Lasers Segmental Overview
- The report analyses the global ophthalmic lasers Market based on product, application, end user and geography
- Based on the product type, the ophthalmic lasers market is categorized into femtosecond lasers, excimer lasers, ND:YAG lasers, SLT laser, diode lasers etc. The Nd:YAG laser is a solid state laser that uses a neodymium-doped yttrium-aluminum-garnet crystal as the lasing medium. It is optically pumped with a lamp or diode and most commonly emits infrared light at 1064nm. It can be used in either a pulsed or continuous mode. The popularity Nd:YAG lasers is increasing among ophthalmologists for the treatment of patients due to its diverse applications of these lasers in the treatment of various eye diseases.
- Ophthalmic lasers find application in cataracts, glaucoma, diabetic retinopathy, macular degeneration (AMD), refractive corrections etc. The prevalence of visual impairment-related diseases is increasing globally, owing to change in lifestyle, such as smoking tobacco. Ophthalmic lasers provide a viable alternative for treatment of eye-related diseases, such as glaucoma, cataract, refractive error, age-related macular degeneration, and diabetic retinopathy.
- The major end user for ophthalmic laser products are hospitals, clinics and ambulatory service centers
- North America, Europe, Asia Pacific and Rest of the World are key regions covered for the study of global ophthalmic laser market. North America held the maximum revenue share of the ophthalmic laser market. Rising prevalence of the eye disorders coupled with the growing awareness about eye disorders, increased healthcare expenditure, and government support for reimbursement & screening of devices were the key factors responsible for the dominance of this region.
Ophthalmic Lasers Market Key Players
The key companies which led this industry verticals include Carl Ziess Meditec Ag, Novartis AG, Topcon Corporation, Ellex Medical Corporation, Quantel Inc., Iridex Corporation, Nidek Co., LTD., Lumenis, Abbott Laboratories, Ziemer Ophthalmic Systems. Lightmed USA,Coherent, Inc., Ocular Instruments, Asico LLC., Deka M.E.L.A. S.r.l., NoIR Laser Company, LLC. Aqmong others
The report analyses the global Ophthalmic Lasers Market based on type, product, application, end user and geography. North America, Europe, Asia Pacific and Rest of the World are key regions covered for the global ophthalmic laser market. Based on the product type, the ophthalmic lasers market is categorized into femtosecond lasers, excimer lasers, ND:YAG lasers, SLT laser, diode lasers etc. Ophthalmic lasers find application in cataracts, glaucoma, diabetic retinopathy, macular degeneration (AMD), refractive corrections etc. The major end user for ophthalmic laser products are hospitals, clinics and ambulatory service centers. North America, Europe, Asia Pacific and Rest of the World are key regions covered for the study of global ophthalmic laser market.
The key companies which led this industry verticals include Carl Ziess Meditec Ag, Novartis AG, Topcon Corporation, Ellex Medical Corporation, Quantel Inc., Iridex Corporation, Nidek Co., LTD., Lumenis, Abbott Laboratories, Ziemer Ophthalmic Systems. Lightmed USA,Coherent, Inc., Ocular Instruments, Asico LLC., Deka M.E.L.A. S.r.l., NoIR Laser Company, LLC. Aqmong others
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