Ophthalmic Lasers Market Latest Trends, Key
Driving Factors Analysis Report By 2025
The global ophthalmic lasers market size was worth USD 1.0 billion in 2016, which is anticipated to grow at a CAGR of
more than 5.9% during the forecast period. Increase in incidence of chronic ophthalmic disorders is the major driving
factor contributing to the growth of ophthalmic lasers market.
There is a rise in prevalence of ophthalmic disorders such as glaucoma, cataract, refractive errors, Age Related Macular
Degeneration (AMD), retinal disorders and diabetic retinopathy. According to American Academy of Ophthalmology in
2014, 60.5 million people were estimated to be suffering from glaucoma globally. According to WHO, glaucoma is the
second major cause of blindness in the world.
Based on the Journal of Ophthalmology, cataract is the leading cause of blindness in the world. According to New-
Medical .Net, in 2015, 22 million people aged 40 years and above were affected with cataract. According to National Eye
Institute, by 2050, the number of people in US with cataract is estimated to double from 24.4 million to around 50
million. Thus, with the rise in incidence of ophthalmic disorders the market is estimated to witness rapid growth during
the forecast period.
According to a study conducted by PLOS, in UK approximately 54% of the people aged 40-69 years were affected by
refractive error of which 27% of the people had myopia. Refractive error is a major health issue in UK. It is a genetic
disorder, so the individuals whose parents are suffering from any form of refractive disorder are likely to be affected by
similar disorder. Thus, the aforementioned factors are supporting the growth of the ophthalmic lasers market.
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“The global ophthalmic lasers market size was worth USD 1.0 billion in 2016, which is