North America is expected to register highest revenues during the
2016-2024 period, thanks to widespread adoption of the ophthalmic laser technology.
Moreover, the rising cases of diabetics, advancements in the laser technology
will likely drive further growth in the market during the forecast period.
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Retinal Laser Photocoagulation Promises New
Opportunities
Retinal laser photocoagulation is a new method for vision impairment
which provides protection for vulnerable patients of diabetic retinopathy and
macular edema from possible vision loss. The procedure is safe and promises
major growth due to its minimal-invasive nature, and rising cases of diabetic
retinopathy. According to the American National Eye Institute, diabetic
retinopathy is the most common diabetic eye disease. Additionally, it is one
the leading cause of blindness among Americans. The disease affects nearly 80%
of the people with diabetes, and 90% of these patients can be treated with the
advanced methods. The growing cases of diabetes is a major challenge in the
healthcare sector. This remains a key opportunity for players in the ophthalmic
lasers market.
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Rising Cases of Eye Illnesses and Elderly
Population to Fuel Growth
According to the American Institute of Ophthalmology, nearly 24.4
million under the 40, and nearly half of all Americans by age 75 undergo
cataract surgeries. Moreover, the cases of glaucoma are also on the rise. It
affects more than 2.7 million Americans over the age of 40. New eye-related
illnesses like age-related macular degeneration can also lead to severe vision
impairments and impacts nearly 2.1 million Americans over the age of 50. By Age
80, the number rises to in in ten Americans. Increasing health concerns among
the elderly population, the rise of geriatric population globally in China, US,
Europe, among others will drive significant opportunities for growth for the
ophthalmic lasers market. Moreover, increasing urbanization, pollution, and
increasing expansion of healthcare access in emerging nations will also create
significant new opportunities for growth for players in the ophthalmic lasers
market.
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The study presented here is based on a report by Transparency market
research titled “Ophthalmic Lasers Market (Product - Diode Lasers, Femtosecond
Lasers, Excimer Lasers, Nd:YAG Lasers, Argon Lasers, and SLT Lasers;
Application - Glaucoma, Cataract, Refractive Error Corrections, Diabetic
Retinopathy, and AMD; End User - Hospitals, Ambulatory Surgical Centers, and
Ophthalmic Clinics) - Global Industry Analysis, Size, Share, Volume, Growth,
Trends, and Forecast 2016 – 2024”.
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