The photocoagulation market is expected to generate maximum revenue for the global ophthalmic lasers market. This is attributed to use in the treatment of macular edema, proliferative retinopathy, and others, which is increasingly prevalent across geographies.
The Global Ophthalmic Lasers Market is expected to reach USD 1505.5 Million by 2025, from USD 1018.92 Million in 2017 growing at a CAGR of 5.0% during the forecast period of 2018 to 2025.
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One of the key factors responsible for driving the growth of the global ophthalmic lasers market is the increasing number of patients suffering from numerous eye diseases across the world. There are study reports that show the rate of occurring partial or full blindness has considerably increased over the period and could still double to its current volume by 2025. This growth is mainly down to the diseases such as cataract, glaucoma, and diabetes. The increasing awareness about the benefits of timely diagnosis and productive medical care such as laser operation could avoid occurrence of these conditions is also helping to drive the growth of the global ophthalmic lasers market. Moreover, increasing awareness among people about the effectiveness of the treatment methods that are available is also projected to fuel the market growth in coming years.
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.
Some of the major players operating in the ophthalmic lasers market are Alcon Laboratories, Inc., Carl Zeiss Meditec AG, Ellex Medical Lasers Limited, Abbott Medical Optics, Inc., Bausch & Lomb Incorporated, Topcon Corporation, IRIDEX Corporation, Lumenis, Ziemer Ophthalmic Systems AG, and NIDEK Co., Ltd among others.
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The global ophthalmic lasers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of ophthalmic lasers market for global, Europe, North America, Asia Pacific and South America.
This Report Offering:
– What will the market size and the growth rate be in 2025?
– What are the key factors driving the global Ophthalmic Lasers market?
– What are the key market trends impacting the growth of the global Ophthalmic Lasers market?
– What are the challenges to market growth?
– Who are the key vendors in the global Ophthalmic Lasers market?
– What are the market opportunities and threats faced by the vendors in the global Ophthalmic Lasers market?
– Trending factors influencing the market shares of the Americas, APAC, and EMEA.
– What are the key outcomes of the five forces analysis of the global Ophthalmic Lasers market?
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