Ophthalmic lasers market is expected to grow at a moderate rate during the forecast period 2019-2025. Ophthalmic lasers are referred as the bladeless eye surgery. The lasers are used in ophthalmic surgeries to cut, photocoagulate, remove and shrink ocular tissues. There are several types of ophthalmic lasers, such as excimer laser, femtosecond laser, cyclodiode laser, ND: YAG laser and Selective Laser Trabeculoplasty (SLT) laser. The ND: YAG laser has a significant range of applications in ophthalmology. After cataract surgery, this laser is mostly used for the treatment of posterior capsular opacification. In the case of glaucoma, it is used to create a peripheral iridotomy among patients with angle-closure and narrow angles glaucoma. ND: YAG laser can also be utilized for the treatment of recurrent vitreous floaters and corneal erosions. The major factors boosting the market include the significant rise in the prevalence of ophthalmic diseases, rising adoption of minimally invasive surgical procedures and technological innovations in ophthalmic laser technology. For instance, in June 2018, at World Ophthalmology Congress 2018, Carl Zeiss AG revealed its next-generation ophthalmic laser named VISULAS green photocoagulation laser. The photocoagulation lasers are used for the treatment of a range of eye diseases such as age-related macular degeneration and diabetic retinopathy. The VISULAS provides an user interface that allows the doctors to focus on patients and perform the procedure more effectively. In addition, the integrated data management enables to offer a contact lens database and user-specific treatment protocols for varied users.

Moreover, other laser vision correction procedure by Carl Zeiss AG, known as ReLEx SMILE have gained significant importance in ophthalmic laser surgeries. In Sep. 2018, the company has announced the number of ophthalmic procedures performed by using SMILE for the treatment of ametropia has reached 1.5 million globally. It is performed in more than 65 countries by over 1,300 surgeons. According to the company, the patients who experienced SMILE procedure have resulted in high satisfaction coupled with the results and outcomes of this minimally invasive procedure. It represents the growing trend towards laser correction procedures in ophthalmology, which in turn, is primarily driving the demand for ophthalmic lasers across ophthalmic surgeries. Apart from these driving factors, there are certain restraining factors affecting the market growth, including the shortage of skilled professionals and certain risks associated with LASIK surgery such as loss of vision or change. On the other hand, the market is expected to create significant opportunity due to increasing healthcare expenditure and growth in medical tourism across several countries.

The global ophthalmic lasers market is segmented into type, application and end-user. Based on application, the market is further segmented into the cataract, glaucoma, diabetic retinopathy, refractive, age-related macular degeneration, cornea transplant surgery and others. On the basis of type, the market is further classified into excimer laser, femtosecond laser, cyclodiode laser, ND-YAG laser, SLT laser and others. Cataract surgeries are the most common surgical procedures performed globally.  According to the World Health Organization (WHO), cataract is the major cause of blindness across the globe. It accounts for a considerable amount of vision loss in the US, primarily in the older population. According to the Eurostat, cataract surgeries performed in Germany, Austria, France, Portugal and Austria were more than 1.0 thousand times per 100,000 inhabitants in 2015. This demonstrates the rising need for cataract surgeries. Cataract surgeries can be performed using femtosecond lasers that enables to remove cataracts precisely and accurately as well as eliminates the need for handmade incisions. It is a minimally invasive procedure and offers computer-guided control while making incisions. This procedure is performed without using the blade and enables to restore better vision faster. Based on end-user, the market is further classified into hospital, clinic and ambulatory surgical center.

Geographically, the global ophthalmic lasers market is segmented into four major regions, such as North America, Europe, Asia-Pacific and RoW. North America ophthalmic lasers market has been primarily driven by rising trend towards minimally invasive procedures. However, Asia-Pacific is estimated to show considerable growth due to rising ageing population and increasing shift towards new and more safer alternatives for treatment of ophthalmic disorders.

The major companies profiled in the report include Johnson & Johnson Service, Inc., NIDEK Co., Ltd., Novartis International AG, and Carl Zeiss Meditec AG. These market players adopted various strategies such as merger and acquisitions and product launches to expand its share in the market and gain the competitive advantage over other players. For instance, in April 2018, Alcon Laboratories, Inc. (a division of Novartis International AG) has introduced new technological improvements in its LenSx Laser, a femtosecond laser system. This new enhancement will provide new value to its existing platform and augment the experience of refractive and cataract surgery for patients and surgeons. Due to these enhancements, LenSx Laser can be used for two new purposes, such as pockets for presbyopia-correcting inlays and tunnels for intracorneal rings. Moreover, the company has implemented software updates for supporting these new indications and leveraging the functionality of graphical user interface.

Research methodology:

The market study of the global ophthalmic lasers market is incorporated by extensive primary and secondary research conducted by 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 the 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 catalogue.

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 and initial norms. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market segmentation:

1. Global Ophthalmic lasers Market Research and Analysis, By Type
2. Global Ophthalmic lasers Market Research and Analysis, By Application
3. Global Ophthalmic lasers Market Research and Analysis, By End-User

The report covers:

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