Ophthalmic Lasers Market Is Projected To Grow Rapidly Due To Rising Prevalence Of Chronic Ophthalmic Disorders Till 2025: Grand View Research, Inc.
The
global ophthalmic lasers market is anticipated to reach
USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc.
Ophthalmic disorders are rising significantly on a global level. This rise in
the prevalence rate has led to high growth of ophthalmic lasers market.
According
to American Academy of Ophthalmology 2014 statistics, nearly 4.2 million people
in the U.S. are visually impaired. Huge number of people suffering from visual
impairment are likely to heighten the demand for ophthalmic lasers in the
coming years.
U.S. ophthalmic lasers market, by product, 2014 - 2025 (USD Million) |
Vision
loss is a serious problem among people suffering from glaucoma, cataract,
age-related macular degeneration (AMD), and diabetic retinopathy. This commonly
occurs among the geriatric population. American Academy of Ophthalmology stated
that, around 1.3 million U.S. population are blind. Hence, in order to minimize
such huge rate of vision loss, there is a high need for the application of
ophthalmic laser technology.
Geriatric
population are the primary target for the market. Majority of the chronic
ophthalmic disorders, for instance, cataract and AMD occur among this group of
population. However, refractive errors are also very common among the young
people. Thus, growing number of victims of chronic eye diseases has led to an
expected growth of the market.
Browse full
research report on Ophthalmic Lasers Market: www.grandviewresearch.com/industry-analysis/ophthalmic-lasers-market
Further key
findings from the report suggest:
- In 2016, femtosecond lasers dominated the
market due to rising prevalence of refractive errors among both geriatric
and young population
- Amongst the application segment, refractive
error corrections held the largest market share in 2016 due to large
number of surgeries conducted for refractive errors
- Cataract removal is anticipated to show
lucrative growth over the forecast period owing to the rising prevalence
of cataract removal surgeries among the geriatric people
- In 2016, hospitals contributed towards the
largest revenue share owing to the emergence of large number of hospitals
in developing economies
- North America dominated the market in 2016 due
to rising prevalence of ophthalmic disorders in this region
- Asia Pacific is expected to show lucrative
growth over the forecast period owing to the increase in awareness levels
among people in developing countries about various treatments for chronic
eye disorders
- Few major companies include Carl Zeiss Meditec
AG, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Ellex Medical
Lasers Limited, Lumenis, and Bausch & Lomb Incorporated.
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reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the ophthalmic lasers market on the
basis of product, application, end-use, and region:
Ophthalmic
Lasers Product Outlook (Revenue, USD Million, 2014 - 2025)
- Diode Lasers
- Femtosecond
Lasers
- Excimer
Lasers
- Nd:YAG
lasers
- SLT
Lasers
- Others
Ophthalmic
Lasers Application Outlook (Revenue, USD Million, 2014 - 2025)
- Glaucoma
- Cataract Removal
- Refractive
Error Corrections
- Diabetic
Retinopathy
- AMD
- Others
Ophthalmic Lasers
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Ambulatory
Surgical Centers
- Ophthalmic
Clinics
Ophthalmic
Lasers Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
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Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-ophthalmic-lasers-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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