DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ophthalmic Lasers Market: Global Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.
The global ophthalmic lasers market is anticipated to register a CAGR of 4.8% during the forecast period (2016 - 2026) and is projected to be valued at US$ 697.1 Mn by the end of 2026.
Ophthalmic laser is novel medical device that involves a laser beam source that is used to target the ophthalmic cells to treat several ophthalmic diseases and disorders such as diabetic retinopathy, cataract, glaucoma, macular oedema, retinal tears, etc. The selection of laser depends on the specific ophthalmic condition; for example, green lasers are used for photocoagulation usually required in diabetic retinopathy. The SLT lasers that involves Q switched YAG lasers with double frequency are used to treat open angle glaucoma.
Revenue growth of the global ophthalmic lasers market is primarily driven by an increasing incidence of glaucoma leading to an upsurge in the number of laser procedures and an increasing geriatric population prone to cataract. Additionally, increasing government provision in developed economies and constructive reimbursement policies is expected to fuel market growth over the forecast period. However, high costs associated with ophthalmic lasers and replacement of current ophthalmic laser technology with advanced technologies might hinder the growth of the global ophthalmic lasers market over the forecast period.
Some key players operating in the global ophthalmic lasers market are Ellex Medical PTY Ltd., Lumenis Ltd., IRIDEX Corporation, ZEISS International, NIDEK CO. LTD., Novartis AG, Topcon Corporation, and Quantel SA.
Market segmentation
By Product Type
- Photo-coagulation Lasers
- Photo-disruption Lasers
- Selective Laser Trabeculoplasty
By Disease Type
- Diabetic Retinopathy
- Glaucoma Surgery
- Cataract Surgery
- Others
By End User
- Hospitals
- Ambulatory Surgical Centres
- Ophthalmic Clinics
For more information about this report visit http://www.researchandmarkets.com/research/7d33sh/ophthalmic_lasers
