Increasing Incidences of Chronic and Communicable Eye Diseases is Expected to Act as a Driver for the Growth of the Global Ophthalmology Lasers Market

Ophthalmology lasers are specialized medical devices that emit focused beams of light to treat various eye conditions. These lasers are commonly used in ophthalmology to perform various procedures, such as treating vision disorders, correcting refractive errors, and managing various eye diseases. The devices gained increased importance and adoption due to the high prevalence of several ophthalmic diseases, such as glaucoma, cataract, and other vision-related issues.

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In June 2022, according to WHO, trachoma disease caused by infection with the bacterium Chlamydia trachomatis is a public health problem in 42 countries and is responsible for the blindness or visual impairment of about 1.9 million people. Blindness from trachoma is irreversible. Based on WHO data, 125 million people live in trachoma-endemic areas and are at risk of trachoma blindness.

Data Bridge Market Research analyses that the Ophthalmology Lasers Market is expected to grow at a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 3,478.03 million by 2030. In 2023, the product segment is expected to dominate the market due to rising demand for minimally invasive surgical procedures in the regions.

Key Findings of the Study

Increased Consumer Awareness for Laser Treatments

Consumer awareness of laser therapies has increased, which has benefited the market for ophthalmic lasers globally. Several factors have contributed to this trend, including advancements in technology, increased access to information, and greater emphasis on patient education. One of the main drivers of increased consumer awareness is the development of new laser systems that offer improved precision, reduced recovery times, and better outcomes. These systems have been shown to be effective in treating a range of eye conditions, from refractive errors to more complex retinal disorders. Patients are increasingly interested in these treatments and are seeking out ophthalmologists who are trained to use them. Another factor contributing to increased awareness is the availability of information about ophthalmology lasers. Patients can easily access information online about the different types of laser treatments available, their benefits, and potential risks. This has helped to demystify laser treatments and make them more accessible to a wider range of patients.

Patient education has also played a role in increasing consumer awareness. Ophthalmologists and healthcare providers are increasingly emphasizing the importance of regular eye exams and early detection of eye conditions. This has helped to raise awareness about the benefits of laser treatments and the importance of seeking medical attention at the earliest signs of an eye problem. The rise of social media has also contributed to increased consumer awareness of ophthalmology lasers. Patients can share their experiences with laser treatments on social media platforms, providing valuable insights into the benefits and drawbacks of different treatments. This has helped to create a more informed and engaged patient community, which is driving demand for laser treatments.

Thus, the ophthalmology lasers market is experiencing increased consumer awareness of laser treatments. Advances in technology, increased access to information, and patient education have all contributed to this trend. While there are still challenges to be addressed, the growing interest in laser treatments is a positive development for patients with eye conditions. As the market continues to evolve, it is likely that laser treatments will become even more widely available and affordable, providing more patients with access to these life-changing therapies. Thus, the increased consumer awareness is expected to act as a driver in the market's growth.

Report Scope and Market Segmentation

Segment Analysis:

The global ophthalmology lasers market is categorized into product, type, application, gases, and end user.

• On the basis of product, the global ophthalmology lasers market is segmented into femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and others

In 2023, the excimer lasers segment is expected to dominate the global ophthalmology lasers market due to rising technological advancements and high investment in this sector.

• On the basis of product, the global ophthalmology lasers market is segmented into femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and others. In 2023, the excimer laser segment is expected to dominate the global ophthalmology lasers market with a 48.88% market share.
• On the basis of type, the global ophthalmology lasers market is segmented into photodisruption lasers, selective laser trabeculoplasty (SLT), and photocoagulation lasers. In 2023, the photocoagulation lasers segment is expected to dominate the global ophthalmology lasers market due to growing ophthalmic disorders with 55.15% market share.
• On the basis of application, the global ophthalmology lasers market is segmented into diagnostics and therapeutics. In 2023, the therapeutic segment is expected to dominate the global ophthalmology lasers market due to rising traumatic injuries and the increasing geriatric population with 61.91% market share.
• On the basis of gases, the global ophthalmology lasers market is segmented into noble gas, halogen gas, buffer gas, and others. In 2023, the noble gas segment is expected to dominate the ophthalmology market due to rising healthcare expenditure & awareness of laser treatments amongst the population with 63.02% market share.
• On the basis of end user, the global ophthalmology lasers market is segmented into hospitals, clinics, and others. In 2023, the hospital segment is expected to dominate the global ophthalmology lasers market due to the rise in healthcare infrastructure with a 68.97% market share.

Major Players

Data Bridge Market Research recognizes the following companies as the market players in the global ophthalmology lasers market are NIDEK CO., LTD. (Japan) iVIS Technologies (Italy), SCHWIND eye-tech-solutions (Germany), ARC Laser GmbH (Germany), Calmar Laser (US), LENSAR, INC. (US), OD-OS (Germany), Quantel Medical (Subsidiary of Lumibird Medical) (France), Aurolab (India), Alcon (Switzerland), Ziemer Ophthalmic Systems AG (Switzerland), LIGHTMED (U.S.), Johnson & Johnson Inc. (U.S.), Bausch & Lomb Incorporated (Canada), MEDA Co., Ltd. (China), Topcon(Japan), Lumenis Be Ltd. (Israel), IRIDEX Corporation (U.S.), and Zeiss (Germany) among others.

Market Development

• In February 2023, NIDEK CO., LTD., a global leader in the design, manufacture, and distribution of ophthalmic, optometric, and lens edging equipment, announced the launch of the Cube α Ophthalmic Surgical System, which incorporates new ultrasound technology that delivers more powerful and effective phacoemulsification.
• In January 2023, iVis Technologies announced that it has been undertaking the expansion works of its corporate headquarters since June 2022.
• In July 2022, SCHWIND eye-tech solutions is continuing its role as an innovation driver in refractive corneal surgery and have its sights set on a groundbreaking procedure for correcting ametropic.
• In February 2022, Calmar introduced a power and pulse-width stabilization system for its Carmel X-series of femtosecond fiber lasers. The Opta Power system is designed for users who need to measure extremely small signal levels and require hours for data acquisition.
• In September 2022, LENSAR, Inc. (Nasdaq: LNSR) ("LENSAR" or "the Company"), a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, announced the application for certification of the ALLY Adaptive Cataract Treatment System ("ALLY" or the "ALLY System") in the European Union.

Regional Analysis

Geographically, the countries covered in the Ophthalmology lasers market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa.

 As per Data Bridge Market Research analysis:

North America is the dominant region in the ophthalmology lasers market during the forecast period 2023 -2030

In 2023, North America is expected to dominate the ophthalmology lasers market owing to the higher level of investments by various manufacturers and increasing and technological advancements in the region. North America will continue to dominate the ophthalmology lasers market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. North America is estimated to be the fastest-growing country in the ophthalmology lasers market in the forecast period 2023 -2030. This is due to the growing adoption of advanced technology and the launch of new products in this region.

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