Ophthalmic Lasers Market is Expected to Grow at 5.5% by 2030

Ophthalmic lasers have a huge demand in the eye care market due to factors such as better patient suitability, painless, minimal invasive surgery, and negligible chances of corneal infection post-surgery, and early visual recovery. Ophthalmic lasers such as diode lasers and Nd:YAD have a vast application in applications refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy treatment and AMD treatment. Ophthalmic laser treatment is a very sensitive and precise technique that requires high accuracy and efficiency. The latest trend in the ophthalmic lasers market suggests that laser emission at the wavelength of 577nm and 532nm possess therapeutic properties for treating chronic ophthalmic diseases such as proliferative diabetic retinopathy and age-related macular degeneration (AMD). For the purpose of this report the ophthalmic lasers market in terms of lasers are segmented as diode lasers and ND:YAD lasers for the application of diabetic retinopathy and AMD in specific wavelengths of 532nm and 577nm. Diode lasers held the largest market due to its wide application as compared to the counterpart. While 577nm wavelength lasers have emerged as the dominating market segment as compared to 532nm. In terms of geography, North America held the largest share in the global ophthalmic lasers market due to the rise in ophthalmic diseases, aging population, and technological advancement in ophthalmic laser devices. 

Diabetic Retinopathy held the largest share

In the base year 2020, diabetic retinopathy held the largest share in the global ophthalmic lasers market by application. The key drivers to propel the demand for diabetic retinopathy treatment are rising prevalence of diabetes and associated eye disorders, growing demand for non-invasive surgical procedures such as laser treatments and others. Diode lasers held the largest market due to its wide application as compared to the counterpart. While 577nm wavelength lasers has emerged as the dominating market segment as compared to 532nm.

Asia-Pacific anticipated growing faster

Asia Pacific is anticipated to grow at the fastest growth rate owing to the factors such as rising prevalence of ophthalmic diseases, flourishing medical tourism and regulatory approval for ophthalmic laser devices in these regions. However, factors such as aging population, increasing public awareness are going to fuel the rapid growth of ophthalmic lasers market in Latin America and Middle East and Africa region in the near future.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Ophthalmic Lasers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Ophthalmic Lasers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Ophthalmic Lasers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Ophthalmic Lasers market?
• Which is the largest regional market for Ophthalmic Lasers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Ophthalmic Lasers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Ophthalmic Lasers market worldwide?