Ophthalmic Lasers Market Set to Grow

The global excimer and femtosecond ophthalmic lasers market is expected to increase at a rate of nearly 4 percent in 2016, reaching $666 million in revenue, according to Future Market Insights Global & Consulting PVT Ltd.

North America, Europe and Asia Pacific (excluding China and Japan) will remain the lucrative markets for ophthalmic lasers. Increasing per capita income, especially in emerging countries, will continue to fuel adoption of excimer and femtosecond ophthalmic lasers. Growing health awareness and improved living standards will also be influential in driving adoption. Technical advancements in the development of ophthalmic lasers are also expected to play a key role in driving the growth of the market. However, high costs and concerns about post-LASIK complications and longstanding manufacturing challenges will continue to pose growth challenges.

Excimer lasers will continue to outsell femtosecond lasers, accounting for over 60 percent revenue share in 2016. However, femtosecond will continue to gain traction, witnessing higher year-over-year growth rate in 2016. While constant technological advancements in the functionality of femtosecond lasers are expected to drive adoption, high cost will negatively influence total sales.