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Ophthalmic lasers market - PowerPoint PPT Presentation

Ophthalmic Lasers Market to be valued at US$ 697.1 Mn by 2026

Ophthalmic Lasers Market to be valued at US$ 697.1 Mn by 2026

Increasing awareness and demand for non-invasive treatment coupled with the rising graph of ophthalmic diseases and disorders is the prime growth driver of the global ophthalmic lasers market. According to the latest estimates of the Glaucoma Research Foundation, an estimated 3 million Americans suffer from glaucoma, accounting for 9% to 12% of all cases of blindness and reflecting more than 120,000 cases. According to the World Health Organization, glaucoma is the second leading cause of blindness around the globe after cataract. The worldwide estimates put the total number of glaucoma cases at over 60 million. Thus a large and sustainable market is easily comprehendible, which is affirmed by the fact that glaucoma alone accounts for over 10 million visits to ophthalmologist each year.

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United States Ophthalmic Lasers Market: Market Size, Share and Forecast 2019-2025

United States Ophthalmic Lasers Market: Market Size, Share and Forecast 2019-2025

The United States ophthalmic lasers market is expected to grow at a CAGR of 6.1% during the forecast period. The US is the major contributor to the ophthalmic laser market due to the presence of various government initiatives, reforms, policies, and regulations for the support of the advanced treatment of eyes using an ophthalmic laser. Moreover, well-developed healthcare industry and the presence of leading medical laser manufactures are also attributing to the growth of the ophthalmic laser market in the US. The major factors that are encouraging the adoption of ophthalmic lasers include increasing prevalence of glaucoma and cataract, technological innovations in ophthalmic laser technology and significant growth in the geriatric population base.

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