Laser Indirect Ophthalmoscope Market Analaysis | CMI

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LASER INDIRECT OPHTHALMOSCOPE MARKET ANALYSIS

• Laser Indirect Ophthalmoscope Market, by Laser
  Type (Photocoagulating Laser, Photo Disrupting
  Laser, and Photo Ablating Laser), by Therapeutic
  Application (Diabetic Retinopathy, Peripheral
  Neovascularization, Lattice Degeneration, and
  Others), by End User (Multispecialty Hospitals,
  Ophthalmic Clinics, and Others), and by Region
  (North America, Latin America, Europe, Asia
  Pacific, Middle East, and Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2018 2026
• The global laser indirect ophthalmoscope market
  size was valued at US 89.5 million in 2017 and
  is expected to witness a robust CAGR of 4.2 over
  the forecast period (20182026).

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Market Drivers

• Technological advancements in ophthalmoscopes is
  expected to drive Laser Indirect Ophthalmoscope
  Market growth over the forecast period
• Manufacturers such as Welch Allyn, Heine
  Optotechnik GmbH Co. KG, Iridex Corporation,
  Keeler Limited, and others offer technologically
  advanced laser indirect ophthalmoscopes. Laser
  indirect ophthalmoscopy offer advantages such as
  wider field of view, better image resolution,
  less irritation to the ocular surface, and ease
  in ophthalmic examination, as the ophthalmoscope
  is mounted on the forehead of the
  physician/ophthalmologist. Indirect
  ophthalmoscopes available today facilitate
  improvements in eye examination results, and
  care. For instance, Smart LIO offered by Lumenis
  is a multiwavelength system in the market, and is
  compatible with multiple Lumenis photo
  coagulators. Smart LIO supports three wavelengths
  such as 532 nm (green), 577 nm (yellow), and 659
  nm (red). Other technological advancements
  include adjustable interpupillary distance,
  adjustable mirrors, portable power packs, dust
  sealed optics, and others. These factors are
  expected to drive the global laser indirect
  ophthalmoscope market growth over the forecast
  period.

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Figure No.1 Global Laser Indirect Ophthalmoscope
Market Share, by Region (), 2018 - 2026
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• Increasing prevalence of ophthalmic disorders is
  expected to support growth of the global laser
  indirect ophthalmoscope market over the forecast
  period
• Rising prevalence of certain ophthalmic diseases
  such as peripheral neovascularization, lattice
  degeneration, and diabetic retinopathy is driving
  growth of the market. For instance, according to
  the Royal National Institute of Blind People
  (RNIB), over 5.7 million people are suffering
  from sight-threatening eye conditions in the U.K,
  in 2014. Moreover, 2 million people were
  suffering from sight loss in 2016, which is
  expected to increase to over 2.7 million people
  by 2030. Moreover, according to the Royal
  National Institute of Blind People (RNIB), in
  2014, around 350,000 people were registered as
  blind or partially sighted. Increasing healthcare
  expenditures for treatment of sight loss,
  blindness, and sight-threatening conditions are
  expected to propel demand for basic eye care and
  examination, thereby propelling demand for
  necessary equipment such as laser indirect
  ophthalmoscopes over the forecast period.
  According to the RNIB- Eye Health 2016 report, in
  the U.K., during 2016, sight loss, blindness, and
  sight-threatening conditions accounted for US
  2.03 million, US 0.27 million, and US 5.7
  million healthcare expenditures, respectively.

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Market Restraints

• However, product recalls are expected to restrain
  the global laser indirect ophthalmoscope market
  growth over the forecast period. For instance, in
  February 2018, Iridex Corporation voluntarily
  recalled TruFocus LIO Premiere Laser Indirect
  Ophthalmoscope, as three adverse events occurred
  during procedures in which the TruFocus LIO
  Premiere was used.

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Key Players

• Some of the major players operating in the global
  laser indirect ophthalmoscope market include
  Ellex Medical Lasers Ltd, Iridex Corporation,
  Alcon, Carl Zeiss Meditec AG, Lumenis Ltd.,
  Topcon Medical Laser System, Nidek Co. Inc.,
  Ziemer Ophthalmic Systems AG, Heine Optotechnik
  GmbH, and Keeler Ltd.

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