Global Ophthalmic Lasers Market to Reach $1.2 Billion by 2026

SAN FRANCISCO, March 16, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Ophthalmic Lasers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: February 2022
Executive Pool: 798
Companies: 32 - Players covered include Alcon Management S. A.; Bausch & Lomb Incorporated; Carl Zeiss Meditec, Inc.; Iridex Corporation; Johnson & Johnson Vision Care, Inc.; LIGHTMED Corporation; Lumenis Ltd.; Nidek Co., Ltd.; Nova Eye Medical Limited; Quantel Laser; Topcon Corporation; Ziemer Ophthalmic Systems AG and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode Lasers, Other Product Types); Application (Refractive Error Correction, Glaucoma Treatment, Cataract Removal, Diabetic Retinopathy Treatment, Other Applications); End-Use (Hospitals, Specialty Clinics & Ambulatory Surgery Centers)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Ophthalmic Lasers Market to Reach $1.2 Billion by 2026
Lasers hold tremendous value to ophthalmologists given the power of the light beam to reshape cornea for enhancing its focus, creating a channel for easing intraocular pressure and cauterization of tiny hemorrhages. One of the major applications of lasers in the area has been the correction of nearsightedness, which has become a routine elective procedure in this area. Laser Blended Vision technique is another technique gaining growth for treatment of presbyopia. Application of lasers is also growing beyond vision correction, with significant research work paving its application in cataract surgeries and diagnostic retinal imaging among others. Use of ophthalmic lasers not only results in increased accuracy and efficacy of operations performed, but also enables treatment of patients on outpatient basis, thus avoiding both hospitalization as well as extended recovery time.

Amid the COVID-19 crisis, the global market for Ophthalmic Lasers estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Femtosecond Lasers, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$578.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Excimer Lasers segment is readjusted to a revised 4.3% CAGR for the next 7-year period. This segment currently accounts for a 22.8% share of the global Ophthalmic Lasers market. Utilization of femtosecond laser devices for creating incisions during capsulotomy assists in reducing human errors, thus increasing the efficiency of cataract surgeries. As a result, femtosecond laser systems are being adopted for various other ophthalmic surgeries, including keratoplasty and cataract operations.

The U.S. Market is Estimated at $305.8 Million by 2022, While China is Forecast to Reach $134.1 Million by 2026
The Ophthalmic Lasers market in the U.S. is estimated at US$305.8 Million in the year 2022. The country currently accounts for a 30.37% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$134.1 Million in the year 2026 trailing a CAGR of 6.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$142.6 Million by the end of the analysis period. The market in these regions is expected to register steady growth over the coming years, largely driven by the growing aging population and increasing incidences of refractive error, cataract and glaucoma. The market growth is also supported by evolution of innovative technologies and procedures, especially in vision correction surgery. More than 84% of the population aged between 45-55 years require some form of vision corrective wear, while more than 95% of the population aged above 55 use either spectacles or contact lenses. Over 33% of Americans and Europeans aged over 40 years suffer from refractive errors.

Nd:YAG Lasers Segment to Reach $197.3 Million by 2026
In the global Nd:YAG Lasers segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$115.2 Million will reach a projected size of US$157.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$22.6 Million by the year 2026, while Latin America will expand at a 5.9% CAGR through the analysis period.
More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
[email protected]

SOURCE Global Industry Analysts, Inc.