About the Ophthalmic Lasers Market
Medical laser systems are used in various therapeutic areas such as dermatology, ophthalmology, gynecology, and urology. The introduction of a wide range of surgical and aesthetic treatments has led surgeons to perform various medical laser procedures. Advances in medical laser technology have led vendors to develop cost-effective photonic solutions, including beam delivery components and laser systems of different designs.
Technavio’s analysts forecast the global ophthalmic lasers market to grow at a CAGR of 4.54% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ophthalmic lasers market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of:
Technavio Announces the Publication of its Research Report – Global Ophthalmic Lasers Market 2016-2020
Technavio recognizes the following companies as the key players in the global ophthalmic lasers market: Alcon, Ellex Medical Lasers, Lumenis, IRIDEX, and Topcon.
Other Prominent Vendors in the market are: A.R.C. Laser, Abbott Medical Optics, Bausch & Lomb, Calmar Laser, Carl Zeiss Meditec, Meridian, Nidek, Optos, Quantel, Synergetics, and Ziemer Ophthalmic Systems.
Commenting on the report, an analyst from Technavio’s team said: “An emerging trend which is expected to boost market growth is the emergence of laser vitreolysis technology. Laser vitreolysis technology for the non-invasive treatment of floaters is one such innovative development. Floaters are vitreous strands and opacities in the eye that cause visual disturbance. Yttrium aluminum garnet (YAG) lasers are specifically designed for vitreolysis procedures and have shown to cause minimum complications. For instance, Ellex Medical Lasers' Ultra Q Reflex laser is the leading multi-modality YAG laser system developed for vitreolysis.”
According to the report, a key growth driver is the demand from emerging countries. The population in emerging countries, such as China, India, Brazil, and South Korea is on the rise. These countries also have a large pool of undiagnosed and untreated individuals with ophthalmic disorders. Improvements in medical infrastructure have led to the availability of advanced diagnosis and treatment options for these disorders. Rising disposable incomes have also made it possible for people to undergo related treatment surgeries. All these factors present significant opportunities for vendors to expand. For instance, Lumenis and Visionix entered into a strategic agreement in July 2013 allowing the former to distribute Visionix's ophthalmic diagnostic devices and therapeutic lasers in China. These types of agreements allow ophthalmologists and optometrists to offer cost-effective and clinically-proven vision solutions to people with ophthalmic disorders.
Further, the report states that one challenge that could hamper market growth is the high cost of ophthalmic laser. Apart from equipment cost, installation and maintenance expenses of ophthalmic laser systems can increase the overall expenditure of medical facilities.
Alcon, Ellex Medical Lasers, Lumenis, IRIDEX, Topcon, A.R.C. Laser, Abbott Medical Optics, Bausch & Lomb, Calmar Laser, Carl Zeiss Meditec, Meridian, Nidek, Optos, Quantel, Synergetics, Ziemer Ophthalmic Systems.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook