The global 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), was valued at US$ 89.5 million in 2017 and is projected to exhibit a CAGR of 4.2% over the forecast period (2018–2026).
Leading manufacturers such as Heine Optotechnik GmbH, Keeler Ltd., Iridex Corporation, Lumenis Ltd, and others offer technologically advanced laser indirect ophthalmoscope in the market, in order to facilitate better ophthalmic care at the basic healthcare management level. For instance, Iridex Corporation offers TruFocus optical system for great working distance and diagnostic capabilities with dual wavelength capabilities. Moreover, Lumenis Ltd offers Smart LIO multiwavelength system in the market, which is compatible with multiple Lumenis photo coagulators and other ophthalmic instruments. Indirect ophthalmoscopes offered by Keeler Ltd. is available with video capture facilities such as Vantage Plus LED Digital indirect ophthalmoscope. Many other indirect ophthalmoscopes available in the market have technological advantages, and features such as compact design, lightweight, wireless connectivity, and others. Presence of variety of options for ophthalmic practitioners, frequent technological advancements, and increasing need of such instruments in basic ophthalmic care is expected to drive growth of the global laser indirect ophthalmoscope market.
Browse 26 Market Data Tables and 37 Figures spread through 157 Pages and in-depth TOC on Global 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) - Global Forecast to 2026.
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Product launches and regulatory approvals of new laser indirect ophthalmoscope is expected to boost the global laser indirect ophthalmoscope market growth over the forecast period. For instance, Iridex Corporation announced introduction of its updated TruFocus laser indirect ophthalmoscope (LIO) premier laser accessory following the U.S. Food & Drug Administration (FDA) 510(k) clearance in 2018. The TruFocus LIO Premiere is a light combination and reflection viewing system designed to be used with the Iridex retina laser system. Furthermore, regulatory support from regional regulatory bodies such as the U.S. FDA oversee the laser indirect ophthalmoscope and other medical devices marketing approvals, and post marketing surveillance on such medical devices. These factors are expected to support growth of global laser indirect ophthalmoscope market over the forecast period.
Key Takeaways of the Global Laser Indirect Ophthalmoscope Market:
- The global laser indirect ophthalmoscope market is expected to exhibit a CAGR of 2% over the forecast period. This is owing to increasing demand for providing basic ophthalmic care in developed as well as emerging economies along with various product offerings by leading players
- Manufacturers are focused on providing technologically advanced products by taking cost sensitivity in developing regions such as Asia Pacific and Latin America into consideration
- North America is expected to hold dominant position in the global laser indirect ophthalmoscope market over the forecast period, owing to product launches and potential customer base
- 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.
