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Ophthalmic lasers are used for treatment of wide range of eye problems. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools has increased the demand for ophthalmic lasers. Patients prefer ophthalmic lasers treatment due to pain free procedures and easy availability on an outpatient basis.

The main constituents of an ophthalmic laser system include foot pedal, laser console, and laser delivery system. The laser energy is transmitted to the patient’s eye by varied delivery systems, which are connected to the console by a fiber optic cable, an operating microscope, a slit lamp or an indirect ophthalmoscope. Ophthalmologists and eye surgery devices manufacturers are studying on medical uses of lasers, from cataract surgery to diagnostic retinal imaging. For instance, Sight Sciences, Inc., has its SLT laser device in clinical trials for study in patients with open angle glaucoma.

According to World Health Organization (WHO), in 2010, around 39 million people were blind among 285 million visually impaired people. The World Health Assembly has approved Action Plan 2014–2019 for the universal access to eye health, a pathway for Member States, WHO Secretariat, and International Partners, with the aim of achieving a reduction of around 25% of visual impairments by 2019.

Increasing population suffering from age related macular degeneration are expected to fuel growth of the ophthalmic lasers market

According to World Health Organization (WHO), in 2014, the uncorrected refractive errors was the prominent reason for moderate and severe visual impairment, globally. Cataracts is the main cause of blindness among people in underdeveloped countries and approximately 90% of visually impaired people live in emerging countries, indicating need of ophthalmic treatments. According to an estimation by CDC, the total number of cataract patients is expected to increase to 30.1 million by 2020. 

According to Centers for Disease Control and Prevention (CDC), in 2015, around 11 million people in the U.S., aging 12 years and above, have vision impairment, which could be improved by correcting refractive errors. Moreover, around 3.3 million people in the U.S., aged 40 years and above were estimated as legally blind or with low eye functioning.

Diabetes is a major cause of retinopathy and rising awareness among the population towards solutions for visual impairment, easy procedure of the surgery, increasing government initiatives are some of the factors driving growth of the ophthalmic lasers market. According to World Health Organization (WHO), the number of people with diabetes was estimated to around 422 million in 2014 and is expected to increase in the near future.

Lack of healthcare facilities in emerging countries and aversion in population for laser surgery are the factors hindering growth of the ophthalmic lasers market. According to International Council of Ophthalmology, in 2012, around 12,000 ophthalmologists were accounted for over 1 billion population, coming down to a ratio of 1 ophthalmologist for every 90,000 people in India.

Rapid advancement in technology is expected to drive growth of the ophthalmic lasers market

The global ophthalmic lasers market is segmented on the basis of laser type, applications, end user, and geography. New technologies like Lasik and Intra Lasik are expected to drive the growth of the market.

On the basis of laser type, the global ophthalmic lasers market is segmented into:

  • Nd: YAG Laser
  • Frequency Doubled Green Laser
  • SLT Laser
  • Excimer Laser
  • Femtosecond Laser
  • Cyclodiode Laser

On the basis of application, the global ophthalmic lasers market is segmented into:

  • Cataracts
  • Glaucoma
  • Diabetic Retinopathy
  • Macular Degeneration (AMD)
  • Refractive Corrections

On the basis of end user, the global ophthalmic lasers market is segmented into:

  • Hospitals
  • Eye Clinics
  • Ambulatory Surgical Centers
  • Others

Regional segmentation of the ophthalmic lasers market by Coherent Market Insights comprises, North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global ophthalmic lasers market. This is mainly owing to presence of key players such as Abbott Medical Optics and Iridek Corporation, which are focusing on research and development and availability of adequate number of ophthalmologists. Latin America is expected to witness significant growth in the market, owing to wide adoption of eye care services provided by national security system in the region. Asia Pacific is expected to witness high growth rate in the market due to major investments by companies in the region. For instance, China has invested over 100 million dollars in cataract surgeries since 2009 and continuing to invest in the near future.

Key players operating in the ophthalmic lasers market are IMRA America, Inc., Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems, Optotek, Nidek, Schwind, Lumenis.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users