Ophthalmic Laser Industry to Benefit from Technological Advancements

3 November 2020: The ophthalmic lasers market is anticipated to witness growth due to rising prevalence of different types of chronic ophthalmic disorders. It is a medical equipment that is used to treat cells in the eye while operating on ophthalmic disorders. A particular spot in the eye can be specifically focused using the laser beam from the device. It acts as a source of clear, monochromatic light and used in therapeutic and clinical procedures. Ophthalmic lasers have various applications in procedures such as retinal photocoagulation, cataract surgery, laser iridotomy, laser trabeculoplasty, posterior capsulotomy, and variety of other disorders.

An Effective Solution for Refractive Error Corrections

Based on product segment, femtosecond lasers accounted for the largest share in 2016 in terms of revenue. Rapid technological advancements in the field of refractive error surgeries and lasers for cataract have resulted in surging demand for these products. Along with that, advanced technologies in the field of ophthalmology are promoting the demand for ophthalmic lasers in the market.

Highly adopted Excimer lasers are used for the treatment of refractive errors in healthcare facilities. For instance, Carl Zeiss Meditec AG launched a new product MEL 80 Excimer, which is used in refractive laser surgery. 

SLT and YAG lasers are also expected to witness significant growth owing to its uses in treatment of retina, glaucoma, and corneal surgery. For instance, Ellex Medical Lasers Limited, a company that manufactures ophthalmic lasers has a broad portfolio of SLT and YAG products that are used for the treatment of eye disorders.

Market Insights

High demand for harmless, economical, and pain-free ophthalmic lasers treatments and increasing geriatric population are factors responsible for driving the growth of the market. Growing prevalence of chronic and communicable eye diseases has fueled the demand for laser treatments so as to further avoid the risk of visual impairment and blindness. 

Some of the major players of the ophthalmic lasers market are Carl Zeiss Meditec AG; Alcon Laboratories, Inc.; Ellex Medical Lasers Limited; Bausch & Lomb Incorporated; Abbott Medical Optics, Inc.; Topcon Corporation; Lumenis; Ziemer Ophthalmic Systems AG; IRIDEX Corporation; and NIDEK Co., Ltd.