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.
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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.
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Asia-Pacific Ophthalmic Lasers Market Segmentation
By Type
- Excimer Laser
- Femtosecond Laser
- Cyclodiode Laser
- Nd: YAG Laser
- Selective-Laser-Trabeculoplasty (SLT) Laser
- Others
By Application
- Cataract Surgery
- Glaucoma Surgery
- Diabetic Retinopathy
- Refractive Surgery
- Age-Related Macular Degeneration (AMD)
- Cornea Transplant Surgery
- Others
By End-User
- Hospital
- Clinic
- Ambulatory Surgical Center
REGIONAL ANALYSIS
- China
- India
- Japan
Rest of Asia-Pacific
COMPANY PROFILES
- A.R.C. Laser GmbH
- Bausch & Lomb, Inc.
- Boston Scientific Corp.
- Carl Zeiss Meditec AG
- Coherent, Inc.
- Ellex Medical Lasers Ltd.
- IPG Photonics Corp.
- IRIDEX Corp.
- Johnson & Johnson, Service Inc.
- LIGHTMED Corp.
- LightScalpel
- Meridian AG
- NIDEK Co., Ltd.
- NoIR Laser Company, LLC.
- Novartis International AG
- 7.16. Optotek d. o. o.
- Quantel Medical
- SCHWIND Eye Tech Solutions GmbH
- Topcon Medical Systems, Inc.
- Ziemer Ophthalmic Systems AG
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