The global ophthalmic femtosecond lasers market was valued at USD 424 million in 2016 and is expected to surpass USD 542 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global ophthalmic femtosecond lasers market, under its orthopedics and medical devices portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems.
According to Sapna Jha, a lead analyst for orthopedics and medical devices research at Technavio, “Rising number of minimally invasive surgeries will drive growth in the market. The popularity of lasers used in treating refractive errors is due to the non-invasive nature. The advanced procedures using lasers have improvised individuals with a high prescription, drier eyes, thinner corneas, and contact lens intolerance.”
Moreover, all these procedures can be performed in an outpatient setting and help them recover without the need for hospitalization. The rising demand for surgeries with minimal pain has led to the growth in the number of MI surgeries performed worldwide. These procedures minimize recovery time, reduces hospital stay, and results in low cost of the procedure. The MI approach is used in several retinal surgeries such as for the treatment of retinal detachment, macular holes, macular puckers, and cataract.
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Increased popularity of femtosecond laser-assisted cataract surgery
Femtosecond laser-assisted techniques have gained approval for cataract operation over the past decade. The technology is gaining acceptance due to its broad applications and the success in sclera, refractive, and corneal surgeries. It has a precise cutting instrument, which is used during lens fragmentation and capsulorhexis. The introduction of this technology has helped surgeons to make a better choice and control over flap thickness and diameter, hinge position, length, and side cut angle.
ASCs for eye care
Ambulatory surgical centers (ASCs) perform surgeries that do not need hospitalization. These centers offer cost-effective and quality treatment to individuals with eye disorders. The concept of these centers is rapidly being implemented in hospitals. The US introduced the Ambulatory Surgical Center Access Act of 2009 to promote the development of these centers. In 2012, around 80% of individuals in the US with macular degeneration opted for these centers for undergoing the surgical process.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Ophthalmic Femtosecond Lasers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Glaucoma Surgical Devices Market 2016-2020
- Global Cataract Devices Market 2016-2020
- Global Diabetic Eye Disease Devices Market 2016-2020
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