Ophthalmic Lasers Market size was valued at $1,207.81 million in 2020, and is projected to reach $1,909.71 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
With little chance of infection, ophthalmic lasers are tools that enable precision therapy for a variety of eye issues. Many laser operations can be done without anaesthesia and with little to no pain. Ophthalmic lasers are a very helpful instrument in the field of ophthalmology because of their safety, precision, and relative affordability. The laser console, the foot pedal, and the laser delivery system are the three main parts of a laser system. The laser energy can be delivered to the patient’s eye using a variety of delivery methods connected to the console by a fibre optic cable. To cure particular eye issues, different kinds of lasers emit light at particular wavelengths.
The ophthalmic lasers market refers to the market for lasers specifically designed for ophthalmic (eye) surgeries and treatments. Ophthalmic lasers are used in various ophthalmic procedures, including refractive surgeries, cataract surgeries, glaucoma treatments, diabetic retinopathy treatments, and other retinal procedures.
As of my knowledge cutoff in September 2021, the ophthalmic lasers market was experiencing steady growth and was expected to continue expanding in the coming years. Several factors contribute to this growth:
- Increasing prevalence of eye disorders: The global prevalence of eye disorders, such as cataracts, glaucoma, and retinal diseases, is rising due to factors like aging populations and lifestyle changes. Ophthalmic lasers play a critical role in the diagnosis and treatment of these conditions, driving the demand for laser-based ophthalmic procedures.
- Technological advancements: Ophthalmic laser technology has been rapidly advancing, leading to the development of more precise and efficient laser systems. These advancements include femtosecond lasers for cataract surgery, selective laser trabeculoplasty (SLT) lasers for glaucoma treatment, and photocoagulation lasers for retinal diseases. Technological innovations have improved surgical outcomes, reduced complications, and expanded the applications of ophthalmic lasers.
- Growing demand for refractive surgeries: Refractive surgeries, such as LASIK (Laser-Assisted in Situ Keratomileusis), have gained popularity as effective procedures for correcting vision problems like myopia, hyperopia, and astigmatism. Ophthalmic lasers, particularly excimer lasers, are used in these surgeries to reshape the cornea and enhance visual acuity. The increasing demand for refractive surgeries contributes to the growth of the ophthalmic lasers market.
- Favorable reimbursement policies: Reimbursement policies for ophthalmic laser procedures vary across different regions and depend on factors such as the specific procedure, country, and insurance coverage. However, in many cases, certain ophthalmic laser procedures are covered by healthcare reimbursement schemes. Favorable reimbursement policies can facilitate the adoption of ophthalmic lasers and positively impact market growth.
- Increasing healthcare expenditure: The rise in healthcare expenditure, especially in emerging economies, has contributed to the availability and adoption of advanced ophthalmic technologies, including ophthalmic lasers. Governments and private healthcare providers are investing in the modernization of ophthalmic facilities, which includes the incorporation of laser systems for improved eye care.
๐๐๐ญ ๐ ๐ซ๐๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://stringentdatalytics.com/sample-request/ophthalmic-lasers-market/2703/
Market Segmentations:
Global Ophthalmic Lasers Market: By Company
โข Abbott Laboratories
โข Carl Zeiss
โข Ellex Medical Lasers
โข IRIDEX Corporation
โข Lumenis Ltd.
โข Nidek
โข Novartis AG
โข Quantel Group
โข Topcon Corporation
โข Valeant Pharmaceuticals International, Inc
โข Ziemer Ophthalmic Systems AG
Global Ophthalmic Lasers Market: By Type
โข Diode Lasers
โข Femtosecond Lasers
โข Excimer Lasers
โข Nd:YAG Lasers
โข Argon Lasers
โข SLT Lasers
Global Ophthalmic Lasers Market: By Application
โข Hospitals
โข Ambulatory Surgical Centers
โข Ophthalmic Clinics
Global Ophthalmic Lasers Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Ophthalmic Lasers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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