Europe Ophthalmic Lasers Market worth USD 375 million by 2021
The Europe Ophthalmic Lasers Market is worth
USD 291 million in 2016 and estimated to grow at a CAGR of 5.2%, to reach USD
375million by 2021. The Europe Ophthalmic Lasers market is developing at an
exceptionally quick pace.
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Market data tables and in-depth TOC of the Europe Ophthalmic Lasers Market to 2021
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A laser is a device that emits light and works
on the principle of optical amplification based on the stimulated emission of
electromagnetic radiation. At present, lasers are highly adopted in the area of
medicine for treatment of various diseases. Moreover, these are adopted rapidly
in ophthalmology procedures due to their positive results during an eye
surgery.
The market for ophthalmic laser is required to
witness noteworthy development amid the estimate time frame because of
individuals experiencing glaucoma, waterfall, age-related macular degeneration
(AMD), and diabetic retinopathy. This generally happens among the geriatric
population. Thus, keeping in mind the end goal to limit such tremendous rate of
vision misfortune, there is a high requirement for the utilization of
ophthalmic laser innovation.
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The
Europe market for Ophthalmic Lasers is segmented on the basis of type,
application, and region. Based on Type, the market is segmented into
Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode ,Lasers, Other Lasers.
The femtosecond lasers segment is expected to account for the largest share of
the global market and is projected to grow at the highest CAGR during the
forecast period. This can be attributed to components, for example, expanding
pervasiveness of refractive blunders and waterfall, mechanical headways in
femtosecond lasers, growing uses of femtosecond lasers, and expanding
administrative endorsements.Based on Application, the market is segmented into
Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic
Retinopathy Treatment, AMD Treatment, Other Applications.
The Europe market has been geographically
segmented into Germany, U.K, France, Spain, and Italy. The Europe had low CAGR
during the forecast period. The reasons for the same might be the government
policies.
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Ellex Medical Lasers Limited (Australia),
Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX
Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.),
Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch
& Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel).)are the leaders in
the Europe Ophthalmic Lasers market.
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