September 15th, 2021 Coherent Market Insights Releases

CMI published a business research report on “Ophthalmic Lasers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Ophthalmic Lasers with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.

Ophthalmic Lasers Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Ophthalmic Lasers Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.

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Ophthalmic lasers are the medication used for the treatment of a wide range of eye disease. Ophthalmic lasers are low-cost, painless procedure safe procedure, accurate, and convenient ophthalmic tools that have raised there and are widely adopted across the healthcare sector.

Foot pedal, laser console, and laser delivery system are major contributors of an ophthalmic laser system. The process involves the transfer of laser energy to the patient’s eye by varied delivery systems, which are attached to the console by fiber optic cable, which is an operating microscope, a slit lamp or an indirect ophthalmoscope. Ophthalmologists and eye surgery devices manufacturers are studying on medical uses of lasers, from cataract surgery to diagnostic retinal imaging. Ophthalmologists and eye surgery devices manufacturers are studying on medical uses of lasers, from cataract surgery to diagnostic retinal imaging. For instance, Sight Sciences, Inc., has its SLT laser device in clinical trials for study in patients with open-angle glaucoma.

According to the World Health Organization (WHO), in 2010, around 39 million people were blind among 285 million visually impaired people. The World Health Assembly has approved Action Plan 2014–2019 for the universal access to eye health, a pathway for the Member States, WHO Secretariat, and International Partners, to achieve a reduction of around 25% of visual impairments by 2019.

Reasons to Purchase this Report

• Current and future of global Ophthalmic Lasers market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players

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The rising number of population suffering from age-related macular degeneration are projected to propel the market growth

According to the World Health Organization (WHO), in 2014, the uncorrected refractive errors were the prominent reason for moderate and severe visual impairment, globally. Cataracts are the main cause of blindness among people in underdeveloped countries and approximately 90% of visually impaired people live in emerging countries, indicating the need for ophthalmic treatments. According to an estimation by the CDC, the total number of cataract patients is expected to increase to 30.1 million by 2020.

According to the Centers for Disease Control and Prevention (CDC), in 2015, around 11 million people in the U.S., age 12 years and above, have a vision impairment, which could be improved by correcting refractive errors. Moreover, around 3.3 million people in the U.S., aged 40 years and above were estimated as legally blind or with low eye functioning.

Growing cases of diabetes as it is a major cause of retinopathy coupled with the rising awareness among the population regarding the solutions for visual impairment and increasing government initiatives are some of the major factors fueling the market growth of the ophthalmic lasers market. According to the World Health Organization (WHO), the number of people with diabetes was estimated to around 422 million in 2014 and is expected to increase in the near future.

Lack of healthcare facilities in emerging countries and aversion in population for laser surgery are the factors restraining the market growth of the ophthalmic lasers market. According to the International Council of Ophthalmology, in 2012, around 12,000 ophthalmologists were accounted for over 1 billion population, coming down to a ratio of 1 ophthalmologist for every 90,000 people in India.

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Ongoing advancement in laser technology is expected to fuel the growth of the ophthalmic lasers market

The global ophthalmic lasers market is segmented based on laser type, applications, end-user, and geography. The advent of new technologies such as Lasik and Intra Lasik is expected to propel the growth of the market.

Regional segmentation of the ophthalmic lasers market by Coherent Market Insights includes North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is projected to hold a dominant position in the global ophthalmic lasers market, owing to the presence of major players such as Abbott Medical Optics and Iridek Corporation, which are focusing more on research and development and availability of an adequate number of ophthalmologists. Latin America has anticipated experience significant growth and this can be attributed to the rapid adoption of eye care services provided by the national security system in the region. At the same time, the Asia Pacific market is expected to gain a high growth rate owing to the rising investment by major players in the region. For instance, China has invested over 100 million dollars in cataract surgeries since 2009 and continuing to invest in the near future.

Key players operating in the ophthalmic lasers market are IMRA America, Inc., Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems, Optotek, Nidek, Schwind, Lumenis.

Major Point Answered in Ophthalmic Lasers Market Research Study are: –

• What will the market growth rate, Overview and Analysis by Type of Ophthalmic Lasers market in 2026? • What are the key factors driving, Analysis by Applications and Countries Ophthalmic Lasers market? • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Ophthalmic Lasers market? • Who are Opportunities, Risk and Driving Force of Ophthalmic Lasers market? Knows Upstream Raw Materials Sourcing and Downstream Buyers • Who are the key vendors in Ophthalmic Lasers market space? Business Overview by Type, Applications, Gross Margin and Market Share • What are the Ophthalmic Lasers market opportunities and threats faced by the vendors in the market?

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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