The Global Ophthalmic Lasers Market reflects an impressive growth owing to the growing prevalence of refractive errors across the world. According to a report, published by Fortune Business Insights, titled, “Ophthalmic Lasers Market: Global Market Analysis, Insights and Forecast, 2019-2026” the Global Ophthalmic Lasers Market is expected to register a CAGR of 5.3% between 2019 and 2026. In addition to this, the global market was worth US$ 479.0 Mn in 2018 and is anticipated to reach US$ 722.0 Mn by 20226. The increasing incidence of ocular diseases, such as glaucoma, age-related macular degeneration, and refractive errors, is driving the ophthalmic laser market. As the drugs for treating ocular diseases is less, the demand for ophthalmic laser devices has come into existence.
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Highlights of the Report:
- In-depth analysis of various insights, namely, Ophthalmic Lasers Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Ophthalmic Lasers Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The Ophthalmic Lasers Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- IRIDEX Corporation
- NIDEK CO., LTD.
- Carl Ziess Meditec AG
- Ellex Medical Lasers Ltd.
- TOPCON CORPORATION
- NoIR Laser Company, LLC
Excimer Lasers Gain an Upper Hand Over Other Laser Types
In 2018, the excimer lasers among other types of ophthalmic lasers Industry covered 39.2% of the global market. These lasers are used for procedures such as refractive error correction. Recent technological advancements are expected to boost the segment growth during the forecast period. The demand for ophthalmic laser systems is likely to increase in hospitals, ophthalmic laser centers among others.
Market Registers Growth in North America as Increasing Number of the Patients Opt for LASIK Surgery
North America is expected to grow at a considerable rate in the global ophthalmic lasers market during the forecast years. Moreover, the region was valued at US$ 139.3 Mn in the year 2018. People in the U.S. are increasingly undergoing LASIK surgeries owing to the rising awareness about ophthalmic laser safety. Furthermore, healthcare providers are rapidly adopting ophthalmic lasers in the U.S. These factors are likely to enable growth in the market in North America.
The market in Asia Pacific is yet to achieve growth as a large pool of patients are still dependent on contact lenses and eyeglasses. However, with the rising developments in technology, the healthcare providers in countries such as China, India among others will adopt ophthalmology lasers.
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Ophthalmic Lasers Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Ophthalmic Lasers Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Ophthalmic Lasers Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Epidemiology Overview: Prevalence of Key Ocular Diseases, 2018
- Technology Advances, Ophthalmic Lasers
- Key Mergers, and Acquisitions
- Pricing Analysis, Key Players, 2018
- Global Ophthalmic Lasers Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Excimer Lasers
- Femtosecond Lasers
- Nd Yag Lasers