How Is The Ophthalmic Medical Lasers Market Segmented?
The ophthalmic medical lasers market covered in this report is segmented –
1) By Product: Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy, ND:Yag Lasers, Other Products
2) By Application: Refractive Error Correction, Cataract Removal, Diabetic Retinopathy, Glaucoma, Age-Related Macular Degeneration, Other Applications
3) By End User: Hospitals, Specialty Clinics and Ambulatory Surgery Centres
Subsegments:
1) By Diode Lasers: Laser For Retinal Surgery, Laser For Cataract Surgery
2) By Femtosecond Lasers: Laser For Cataract Surgery, Laser For LASIK Surgery
3) By Excimer Lasers: Laser For Refractive Surgeries (LASIK, PRK), Laser For Corneal Surgery
4) By Aromatherapy: Lasers For Photodynamic Therapy, Laser For Tissue Treatment
5) By ND:YAG Lasers: Laser For Posterior Capsulotomy, Laser For Iridotomy
6) By Other Products: Laser For Glaucoma Treatment, Laser For Retinal Photocoagulation
What Is Driving The Ophthalmic Medical Lasers Market? Rising Incidence Of Ocular Disorders Fuels Growth In The Ophthalmic Medical Lasers Market
The rising incidence of ocular disorders is driving the demand for the ophthalmic medical lasers market. Ocular disorders are the ones that affect vision and eye health in patients of all ages and treatment with lasers helps reshape the eye cornea for better focus, which contributes to an improved vision. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40 have a cataract in at least one eye, or 17.2% of the population. It is anticipated that approximately 30 million people will develop cataracts by 2028. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market.
What Is Driving The Ophthalmic Medical Lasers Market? Elderly Population Growth Fuels Ophthalmic Medical Lasers Market Expansion
The increasing elderly population is expected to propel the growth of the ophthalmic medical lasers market going forward. The elderly population refers to the senior population of individuals aged 65 years and older. Ophthalmic medical lasers are used for the elderly population to perform cataract surgery, glaucoma, age-related macular degeneration (AMD), diabetic retinopathy, refractive lens exchange, and other treatments. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, 1 in 6 people will be 60 or older globally by 2030, and there will be a double number of individuals in this age group (2.1 billion) by 2050.
Who Are The Major Players In The Global Ophthalmic Medical Lasers Market?
Major companies operating in the ophthalmic medical lasers market include Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, NIDEK Co. Ltd., Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., Lumibird Medical, Quantel Inc., Coherent Inc., Ocular Instruments Inc., Ellex Medical Lasers Limited, LENSAR LLC, LIGHTMED Corporation, Menicon Co. Ltd., Novartis AG, Omeros Corporation, Oxurion NV, Pfizer Inc., Recipharm AB, Regeneron Pharmaceuticals Inc., Roche Holding AG, Rohto Pharmaceutical Co. Ltd., Santen Pharmaceuticals, SCHWIND eye-tech-solutions GmbH & Co. KG, Staar Surgical Company, Teva Pharmaceutical Industries Ltd., ThromboGenics NV, Veeva Systems Inc.
What Are The Key Trends Of The Global Ophthalmic Medical Lasers Market? Increasing Focus On Innovative Products Such As Xipere To Provide Reliable Services To Their Customers
Major companies operating in the ophthalmic medical lasers market are focusing on the development of innovative products such as Xipere to provide reliable services to their customers. Xipere (triamcinolone acetonide) is a corticosteroid that is injected suprachoroidally for the treatment of macular oedema brought on by the eye inflammation. For instance, in January 2022, Clearside Biomedical Inc. a US-based biopharmaceutical company that specializes in developing innovative drug delivery solutions for the treatment of eye diseases got its first FDA approval for treating macular edema brought on by uveitis. Xipere contains triamcinolone acetonide, which is a corticosteroid medication used for the treatment of macular edema associated with uveitis. Xipere is sterile, free of preservatives, and designed for suprachoroidal administration utilizing clearside's patented microinjector for the suprachoroidal space (SCS).
What Are The Key Trends Of The Global Ophthalmic Medical Lasers Market? Lumibird Medical's Next-Generation ND With Yag Laser Capsulo Advancement In Ocular Disease Treatment
Companies are investing in manufacturing devices that incorporate next-generation technology to treat ocular diseases. For instance, in In April 2022, Lumibird Medical, a France-based company that specializes in manufacturing ophthalmic medical lasers launched Nd:YAG Laser Capsulo. This system is built to be a fully integrated, flexible laser platform that enables effective and precise capsulotomy and iridotomy treatments. Capsulo is designed with unique high-quality optics that deliver flawless clarity of view into the anterior and posterior segments of the eye.
Ophthalmic Medical Lasers Market Merger And Acquisition: Alcon Acquired BELKIN Vision
In July 2024, Alcon, a Switzerland-based healthcare company acquired BELKIN Vision for an undisclosed amount. The aim of the acquisition is to expand Alcon’s glaucoma, enhancing access to first-line laser treatment for glaucoma patients globally. BELKIN Vision is an Israel-based medical technology company, focus on developing innovative laser treatments.
Regional Outlook For The Global Ophthalmic Medical Lasers Market
North America was the largest region in the ophthalmic medical lasers market in 2024. Asia-Pacific was the second-largest region in the ophthalmic medical lasers market report. The regions covered in the smart watch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ophthalmic medical lasers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Ophthalmic Medical Lasers Market?
The ophthalmic medical lasers market consists of sales of instruments such as SLT lasers, excimer lasers, cyclodiode lasers, and femtosecond lasers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Ophthalmic Medical Lasers Industry?
The ophthalmic medical lasers market research report is one of a series of new reports from The Business Research Company that provides ophthalmic medical lasers market statistics, including ophthalmic medical lasers industry global market size, regional shares, competitors with an ophthalmic medical lasers market share, detailed ophthalmic medical lasers market segments, market trends and opportunities, and any further data you may need to thrive in the ophthalmic medical lasers industry. The ophthalmic medical lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
