Global ophthalmic lasers market is estimated to grow with approximately 4.44% CAGR during the year 2019-2027 and is expected to gain $1,861 million till the year 2027.

A laser emits light by the process of optical amplification on the basis of stimulated emission of electromagnetic radiation. This device is used rigorously in the area of ophthalmology, as there is an understanding of laser-tissue interactions in this medical application. This results into use of ophthalmic lasers in treating a wide spectrum of eye-related diseases. Ophthalmic lasers are capable of assisting highly accurate treatment of various different eye-related problems with minimal risk of infection involved. Most of the laser procedures are comparatively void of pain. Majority of laser procedures can be carried out on an outpatient basis. Combination of safety, accuracy, and relatively low cost make lasers very useful ophthalmic tools. The report covers the revenue generated from ophthalmic lasers used in the area of ophthalmology for treatment purposes.

Global Ophthalmic lasers market is primarily driven by the following factors:

• The rise in the incidences of eye disorders
• Increasing cases of diabetes
• Rising awareness and initiatives for controlling visual impairment
• The upsurge in healthcare expenditure
• Rising trend of medical tourism

One of the important drivers is the rise in the incidences of eye disorders. Growth in the number of eye-related diseases, namely cataract, glaucoma and others boost the global ophthalmic lasers market. The rise in the number of cases of ophthalmic diseases has led to an increase in demand for proper diagnosis, treatment, and correction. The Cataract is one of the serious concern globally, which is currently the leading cause of blindness as per the World Health Organization, followed by glaucoma. In addition, there are other leading causes that result in blindness.

The ophthalmic lasers market is segmented on the basis of application where they are further classified into AMD treatment, cataract removal, diabetic retinopathy treatment, glaucoma treatment, refractive error corrections and other applications. Refractive error corrections are the highest contributing segment with 24.57% share. Substantial advancements in refractive surgery treatment to enable the patients with an option to minimize or eliminate their dependence on contact lenses and glasses for adopting corrective measures to refractive errors is expected to boost the demand of refractive surgery devices.

Alternative treatments and scarcity of skilled professionals are hindering the global ophthalmic lasers market. Ophthalmic laser treatment requires the presence of an ophthalmologist in the treatment of ophthalmic diseases. It has been seen that there is a wide gap between the number of ophthalmologists and the number of patients, thus, leading to the scarce availability of the services.

The global ophthalmic lasers market segments include product, application, End-users and region.

Market by End-user:

• Ambulatory surgical centers
• Hospitals
• Ophthalmic clinics

Market by Product:

• Femtosecond lasers
• Excimer lasers
• ND: YAG Lasers
• Diode Laser
• SLT
• Other

Market by Application:

• AMD Treatment
• Cataract Removal
• Diabetic Retinopathy Treatment
• Glaucoma Treatment
• Refractive Error corrections
• Other

Geographically, the global ophthalmic lasers market has been segmented on the basis of four major regions, which include:

• North America Ophthalmic Lasers Market: The United States & Canada
• Europe Ophthalmic Lasers Market: The United Kingdom, Germany, France, Spain, Italy, Russia & Rest of Europe
• Asia Pacific Ophthalmic Lasers Market: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Rest of World- Latin America and Middle East & Africa

North America market dominated the global ophthalmic lasers market in terms of revenue in 2018. The rise in the prevalence of ophthalmic diseases, such as cataract, glaucoma, and others, and the increase in geriatric population boost the growth of ophthalmic lasers market in North America. In addition, the surge in awareness about laser applications fuel the market growth and provide an opportunity in the ophthalmic lasers market.

The major market players of the global ophthalmic lasers market are:

• Abbott Medical Optics Inc. (Johnson & Johnson Surgical Vision Inc.)
• Alcon Laboratories, Inc.
• Bausch & Lomb Incorporated
• Carl Zeiss Meditec AG
• Ellex Medical Lasers Limited
• Iridex Corporation
• Lightmed
• Lumenis Ltd.
• Nidek Co., Ltd.
• Optotek Medical

Company profiles covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in October 2018, Alcon introduced hardware and software enhancement to Wavelight Refractive Suite to improve the graphical user interface for surgeons. It will also help to provide a comfortable LASIK experience for patients.

Key findings of the global ophthalmic lasers market:

• Femtosecond lasers dominate the ophthalmic lasers market
• Refractive error corrections is the major application of ophthalmic lasers
• Hospitals are rapidly adopting the use of ophthalmic lasers