The Global Ophthalmic Lasers Market is worth USD 970 million in 2016 and estimated to grow at a CAGR of 5%, to reach USD 1.24billion by 2021.
Hyderabad, India -- (SBWIRE) -- 02/15/2018 -- According to a new market research report "Ophthalmic Lasers Market By Type (Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers) Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, Other Applications) - Global Forecast to 2021", published by MarketDataForecast™, the market is expected to reach USD 1.24 Billion by 2021 from USD 970 Million in 2016, at a CAGR of 5%. The ophthalmic laser can be a medical device that uses a beam supply to focus on the ophthalmic cells to treat ophthalmic disorders. The optical laser could be a supply of directional, monochromatic, coherent light-weight that's exactly targeted onto a minor spot. This ophthalmic optical maser supply could be an appropriate tool for many therapeutic procedures and clinical diagnostic procedures. Ophthalmic optical maser is employed for varied ophthalmic disorders procedures corresponding to retinal operation, optical maser trabeculoplasty, optical maser operation, posterior capsulotomy, and cataract surgery. Ophthalmic optical laser systems comprises an optical laser cavity, optical laser module, cooling system, and optical laser pump that's coupled to a slit-lamp bio microscope. Different laser-energy delivery systems embrace intraocular probes, indirect ophthalmoscopes, and interfaces for in operation microscopes. The optical maser employed in the ophthalmic device depends on the wellness condition. Parenthetically, the inexperienced optical maser is sometimes used for operation in diabetic retinopathy. Increasing variety of patients plagued by varied eye diseases across the planet. There are reports that show the speed of occurring partial or full visual defect has significantly hyperbolic over the past few years and will still double to its current volume within the forecast period. This growth is principally right down to the diseases admire cataract, glaucoma, and polygenic disease. The increasing awareness concerning the advantages of timely designation and productive treatment admire optical maser operation may avoid prevalence of those conditions is additionally serving to drive the expansion of the worldwide ophthalmic lasers market. Moreover, increasing awareness among folks concerning the effectiveness of the treatment ways that area unit on the market is additionally projected to fuel the market growth in coming back years.
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Femtosecond Lasers are estimated to account for the largest market share
Based on Type, the market is segmented into Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode, Lasers, Other Lasers. The femtosecond lasers segment is predicted to account for the biggest share of the global Ophthalmic Lasers Market and is projected to grow at the best CAGR throughout the forecast period. This could be attributed to elements, as an instance, increasing generality of refractive blunders, mechanical headways of the lasers, growing uses of lasers, and increasing body endorsements.
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Cataract Removal and Diabetic Retinopathy segments are anticipated to dominate the market
Based on Application, the market is segmented into Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, and Other Applications. Cataract Removal and Diabetic Retinopathy segments are showing consistent growth in the global market and is likely to increase further in the forecast period.
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North America is estimated to command the largest share of the market
Based on region, the Ophthalmic Lasers Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to account for the most important share of the world ophthalmic lasers market. The key focus of the distinguished players within the market is predicted to get on the analysis and development activities and making certain the supply of foremost care infrastructure and regulative systems for avoiding the delay of product approval to support the North yank market continue its dominance. The Asia Pacific is predicted to witness a considerable rate which can be additional the expansion rate of the opposite nations. This high rate of the ophthalmic lasers market within the Asia Pacific is thanks to an oversized population base. Rising economies resembling China is projected to be the foremost promising domestic marketplace for ophthalmic optical device within the region of Asia Pacific.
Key players in the Ophthalmic Lasers Market include Ellex Medical Lasers Limited (Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch & Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel
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Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
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The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
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