Global Ophthalmic Lasers Market: Overview
The ophthalmic laser is a medical device, which is used to target ophthalmic cells in order to operate the ophthalmic disorders. The laser beam is a source of coherent, directional, and monochromatic light that exactly focuses onto a minor spot. An ophthalmic laser is an appropriate tool for clinical diagnostic procedures and certain therapeutic procedures. It is used in a variety of ophthalmic disorder procedures that include cataract surgery, laser trabeculoplasty, retinal photocoagulation, posterior capsulotomy, and laser iridotomy. Ophthalmic laser systems consist of a cooling system, laser cavity, laser pump, and the laser module. Other laser energy delivery systems consist of indirect ophthalmoscopes, interfaces for operating microscopes, and intraocular probes. In an ophthalmic device, a laser used depends on the disease condition.
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Global Ophthalmic Lasers Market: Growth Factors
Due to technological progression such as optical coherence tomography the accuracy of ophthalmic laser surgeries has increased. The succession of retinal diseases can be identified by optical coherence tomography through quantitative data in order to evaluate retinal abnormalities. Other major factors include increasing geriatric population with ophthalmic problems, growing prevalence of chronic disorders and rising regulatory approvals for new products. Conversely, a huge cost that is associated with ophthalmic laser therapies and reduced availability of skilled practitioners may restrain the ophthalmic lasers market growth.
Global Ophthalmic Lasers Market: Segmentation
The global ophthalmic lasers market is segmented on the basis of the end user, product type, and application. The end user segment is segregated into ambulatory surgical centers, ophthalmic clinics, and hospitals. The hospital end user segment held the largest market share because of the rise in glaucoma and cataract surgeries. Based on product type, the market is fragmented into photocoagulation lasers, photo-disruption lasers, and selective laser trabeculoplasty. The application segment is bifurcated into cataract surgery, glaucoma surgery, diabetic retinopathy, and other ophthalmic diseases. The cataract surgery is the dominating application segment; diabetic retinopathy is the second largest application.
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Global Ophthalmic Lasers Market: Regional Analysis
Early adoption of new technologies and extensive research held in ophthalmic lasers in the North America is the key factor that significantly influences the ophthalmic lasers market. Promising government support is an imposition of the ophthalmic lasers in ophthalmic disease management, the presence of healthcare industries that are developed and favorable reimbursement facilities are anticipated to drive the ophthalmic lasers market in this region. Europe is another potential market for ophthalmic lasers due to augmenting ophthalmic diseases surgeries, rising geriatric population, and escalating healthcare concerns. Rising patient awareness about ophthalmic laser treatment and improving healthcare infrastructure in the Asia Pacific region is fuelling the market. Growth and development in the hospitals and ophthalmic clinics in the developing economies such as India and China anticipate opening up gateways for new growth opportunities in future. Evolving medical infrastructure and rising healthcare expenditure in the Latin American countries such as Brazil and Mexico contributes for the ophthalmic lasers market growth.
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Global Ophthalmic Lasers Market: Competitive Players
Leading market players involved in the global ophthalmic lasers market are Lumenis Ltd., Alcon Laboratories, Inc., Novartis AG, Carl Zeiss Meditec AG, and Ellex Medical Lasers Ltd., Inc., Nidek Co., Limited, Topcon Corporation, Abbott Medical Optics, and Ziemer Ophthalmic Systems AG.
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