The growing geriatric population, increased initiatives for vision impairment treatment, and rising prevalence of various chronic ophthalmic disorders are expected to drive the Ophthalmic Lasers Market in the coming years.
JERSEY CITY, N.J., Nov. 8, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Ophthalmic Lasers Market" By Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment), By Product (Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy), By End-User (Hospitals and Specialty Clinics & Ambulatory Surgery Centers), By Geographic Scope And Forecast.
As per the deep research carried out by Verified Market Research, the global Ophthalmic Lasers Market size was valued at USD 1,966.00 Million in 2020 and is projected to reach USD 2,672.27 Million by 2028, growing at a CAGR of 5.24% from 2021 to 2028.
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Browse in-depth TOC on "Ophthalmic Lasers Market"
202 - Pages
126 – Tables
37 – Figures
Global Ophthalmic Lasers Market Overview
The ophthalmic laser is a device that uses a laser beam source to target ophthalmic cells in order to treat ophthalmic disorders. A laser beam source is used in a number of clinical diagnostic and therapeutic procedures. It is a monochromatic, coherent, and directional light source that focuses on a minor spot precisely. The laser module, cooling system, laser cavity, and laser pump are all connected to a slit-lamp biomicroscope in these systems.
Over the upcoming years, the Ophthalmic Lasers Market is anticipated to be driven by the ageing global population and rising chronic ophthalmic disorders. Additionally, the market is anticipated to grow in the upcoming years due to technological developments in this industry and rising initiatives for the treatment of vision impairment. Furthermore, it is anticipated that rising regulatory approvals for new products and an increase in diabetes cases will fuel the market during the anticipated period.
Key Developments
- 04/28/2021 Alcon, the global leader in eye care dedicated to helping people see brilliantly, today announced it has signed an agreement to acquire exclusive U.S. commercialization rights to Simbrinza (brinzolamide/brimonidine tartrate ophthalmic suspension) 1%/0.2% from Novartis.
- 04/28/2021 Alcon, the global leader in eye care dedicated to helping people see brilliantly, today announced the U.S. launch of the newest addition to its innovative portfolio of dry eye products – Systane Hydration Multi-Dose Preservative-Free (MDPF) Lubricant Eye Drops. With its proprietary Hydro Boost Technology, this new preservative-free eye drop provides extra moisture for patients with sensitive dry eyes.
Key Players
The major players in the market are Alcon Laboratories, Inc. (A Novartis AG Company), Abbott Medical Optics, Inc. (A Subsidiary of Abbott), Carl Zeiss Meditec AG, Bausch & Lomb Incorporated (A Valeant Pharmaceuticals International, Inc. Company), Ellex Medical Lasers Limited, Topcon Corporation, Ziemer Ophthalmic Systems AG (A Subsidiary of Ziemer Group Holding AG), Iridex Corporation, Nidek Co., Limited, Lumenis Ltd. (A XIO Group Company).
Verified Market Research has segmented the Global Ophthalmic Lasers Market On the basis of Application, Product, End User, and Geography.
- Ophthalmic Lasers Market, By Product
- Diode Lasers
- Femtosecond Lasers
- Excimer Lasers Aromatherapy
- ND: Yag Lasers
- Others
- Ophthalmic Lasers Market, By Application
- Refractive Error Correction
- Cataract Removal
- Glaucoma Treatment
- Age-Related Macular Degeneration Treatment
- Cataract Removal
- Others
- Ophthalmic Lasers Market, By End-User
- Hospitals
- Specialty Clinics
- Ambulatory Surgery Centers
- Ophthalmic Lasers Market, By Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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