This report on global ophthalmic lasers market studies various products and applications. The main need for ophthalmic laser surgery arises as it is technological advanced, cost effective, safe and quick surgical procedure. Laser eye surgeries are being performed by ophthalmologist for over 25 years with better patient suitability. Ophthalmic lasers offer freedom from contact lenses and eye glasses, with early visual recovery period and less chances of corneal infection after the surgery.

For the purpose of this study, the various product types studied include femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers and others. Applications studied for the purpose of this research include refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy treatment and AMD treatment. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

The geographic segmentation of the global ophthalmic lasers market is performed for the regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa markets. The regions are also further sub-segmented on the basis of major countries:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of LATAM
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

Based on product types, the global ophthalmic lasers market is categorized into

• Femtosecond lasers
• Excimer lasers
• Nd:YAG lasers
• Diode lasers
• Others

The global ophthalmic lasers market is experiencing an increasing demand due to favored advantages such as cost-effective, minimally invasive, quick, and high quality ophthalmic surgeries and disorder treatment. Femtosecond lasers holds the largest market in the product segment, due to the technological advancement in the femtosecond lasers, its diverse application in the ophthalmic disorder treatment and regulatory approval. Excimer lasers will be the fastest growing segment as the increasing incidence of corneal diseases, refractive errors etc.; it is a cold laser technique that does not cause corneal tissue damage, the high energy of UV photons break the molecular bond of the corneal tissues by a process called photo ablation.

The ophthalmic lasers market has undergone tremendous technological advancement to fulfill patient care. Overall, the global ophthalmic lasers market is highly competitive with presence of multiple players like Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch and Lomb Incorporated, IRIDEX Corporation etc. specializing in respective fields. Consolidation activities are being increasingly witnessed on the competitive front with a view to increase the ophthalmic laser market to perform LASIK and cataract surgery, get protection and clarity in ophthalmic procedures by using viscoelastic devices and selection of wide range of intraocular and contact lenses to correct refractive errors.

Based on application types, the ophthalmic lasers market is categorized into

• Refractive error correction
• Cataract removal
• Glaucoma treatment
• Diabetic retinopathy treatment
• Age-related macular degeneration (AMD) treatment

Ophthalmic lasers market has several applications such as refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy and AMD treatment etc. The patient need not to be admitted in the hospital as laser surgeries are often performed within few hours, without needing anesthesia and early recovery of patient after surgery. Among the considered applications, refractive error correction holds the largest revenue share attributed by increasing incidence of the refractive errors (myopia, hypermetropia), better clinical outcomes due to technological advancement in laser technology like femtosecond and LASIK. Diabetic retinopathy is the fastest growing segment over the forecast period due to high prevalence of diabetic patients, public awareness and early disease diagnosis, government and non-government initiatives to promote the treatment of eye disorders and automation of several steps of femtosecond lasers that are used for the treatment of diabetic retinopathy.

For the purpose of this study, the global ophthalmic lasers market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America was observed as the largest market for ophthalmic lasers market in the base year 2016. The growth is attributed mainly due to rise in ophthalmic diseases, aging population and technological advancement in the ophthalmic laser devices. Europe is expected to be the second largest market due to high prevalence of ophthalmic diseases, improved healthcare infrastructure, government and non-government organizations’ initiatives to promote ophthalmic disease treatment and supportive reimbursement policies. Growth of Asia Pacific market for ophthalmic lasers is attributed by factors like rising prevalence of ophthalmic diseases, flourishing medical tourism and regulatory approval for ophthalmic laser devices in these regions. However, factors such as aging population, increasing public awareness are going to fuel the rapid growth of ophthalmic lasers market in Latin America and Middle East and Africa region in the near future.