Asia-Pacific ophthalmic laser market is forecast to grow at a CAGR of 6.6% during the forecast period and is expected to reach around $254 million in 2025 as compared to $162 million in 2018. The market in Asia-Pacific is driven by numerous factors including increasing government initiatives such as the National Programme for Control of Blindness, and the rising cataract-removal surgeries. Significant demand for ophthalmic surgeries will be foreseen in the near future as chronic diseases such as diabetes are increasing which is a major cause of blindness. As per the estimation of the IDF, in 2018, 382 million people had diabetes globally, and by 2035, this number was predicted to rise to 592 million. 80% of this population lives in under-developed and developing countries, and of the total, more than 60% live in Asia, with almost one-third in China. 

Early detection and treatment play a major role to save the eyesight. This significant prevalence of aging population is propelling the demand for laser procedures and ophthalmic lasers as it offers significant safety and effectiveness, as compared to traditional approaches. For example, the use of femtosecond laser in cataract surgery enables fragment the cataract, open the lens capsule, and make corneal incisions. This requires low phacoemulsification energy and time and thus decreases thermal injury to ocular tissues by corneal edema and ultrasound.  However, there are certain factors restraining the growth of the market, such as some risks associated with LASIK surgery and the shortage of skilled professionals. 

The Asia-Pacific ophthalmic lasers market is segmented on the basis of type, application, and end-user. Based on the type, the market is further classified into SLT laser, Nd: YAG laser, excimer laser, femtosecond laser, cyclodiode laser, and others. There are multiple applications for Nd: YAG lasers and is most commonly used for the treatment of posterior capsular opacification after cataract surgery. Other applications comprise the treatment of recurrent vitreous floaters and corneal erosions. Additionally, based on application, the market is further classified into cataract surgery, refractive surgery, AMD, cornea transplant surgery, glaucoma surgery, diabetic retinopathy, and others. Based on end-user, the market is further classified into hospital, clinic and ambulatory surgical center.

The major companies in the market include Carl Zeiss Meditec AG, Johnson & Johnson Service, Inc., NIDEK Co., Ltd., and Ziemer Ophthalmic Systems AG. Some key strategies adopted by these companies include merger and acquisitions, product launches and partnerships to attract a large number of customer base and expand share in the market. For instance, NIDEK Co., Ltd, the major manufacturer and supplier of ophthalmic laser devices in Japan has recently launched the YC-200 S plus Ophthalmic YAG and SLT Laser System/ YC-200 Ophthalmic YAG Laser System in 2019.

Research Methodology

The market study of the Asia-Pacific ophthalmic lasers market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Authentic public databases such as ec.europa.eu, iapb.org and so on. 
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. Asia-Pacific Ophthalmic Lasers Market Research and Analysis by Type
2. Asia-Pacific Ophthalmic Lasers Market Research and Analysis by Application
3. Asia-Pacific Ophthalmic Lasers Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of Asia-Pacific ophthalmic lasers market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific ophthalmic lasers market.
• Insights about market determinants which are stimulating the Asia-Pacific ophthalmic lasers market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.