The global Laser Indirect Ophthalmoscope Market size was valued at US$ 89.5 million in 2017.
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Figure No.1: Global Laser Indirect Ophthalmoscope Market Share, by Region (%), 2018 – 2026
Increasing healthcare expenditures for the 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 like laser indirect ophthalmoscopes over the forecast period. Consistent with 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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Product recalls are expected to restrain the worldwide laser indirect ophthalmoscope market growth over the forecast period. As an example, in February 2018, Iridex Corporation voluntarily recalled TruFocus LIO Premiere Laser Indirect Ophthalmoscope, as three adverse events occurred during procedures during which the TruFocus LIO Premiere was used.
Some main players operating within 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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