Ophthalmic Lasers Market Research Report - Global Forecast till 2027

Ophthalmic Lasers Market: Information by Product (Excimer Lasers, Excimer Lasers, Diode Lasers, and Others), Application (Refractive Error Correction, Cataract surgery, and Others), End User (Specialty Clinics, and Others) - Global Forecast till 2027

ID: MRFR/MED/5414-HCR | February 2021 | Region: Global | 85 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario:

The Global Ophthalmic Lasers Market was valued at over USD 1,050 in 2017 and expected to register CAGR 4.6% during the forecast period (2018–2023).

Ophthalmology is a branch of medical science which deals with complications related to eyeball and orbit. Ophthalmic lasers are important in correcting vision and repairing the damage. The growing geriatric population with ophthalmic problems, increasing number of product approvals, and increasing prevalence of chronic ophthalmic disorders are expected to drive the growth of the market. Moreover, Chronic disorders such as diabetes are responsible for retinal disorders and increasing prevalence of disorders related to the eye as well as contributing to the growth of the market. According to the World Health Organization, Diabetes is a major healthcare concern and more than 422 million adults were suffering from diabetes in 2016, and it caused approximately 2.2 million deaths.

The rising cost of ophthalmic procedures, the high price of ophthalmic lasers products, and lack of skilled personnel for the effective use of ophthalmic lasers products may hamper the growth of the market during the assessment period.

Segmentation:

The Global Ophthalmic Lasers Market has been segmented on the basis of product, application, and End User.On the basis of product, the market has been classified as excimer lasers, femtosecond lasers, diode lasers, selective laser trabeculoplasty (SLT) laser, ND:Yag lasers, and others.The application segment has been divided into refractive error correction, cataract surgery, diabetic retinopathy, glaucoma surgery, age-related macular degeneration (AMD)treatment, and others.

The market, by End User, has been segmented into hospitals, specialty clinics, ambulatory surgical centers, and others.The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Ophthalmic Lasers Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European Ophthalmic Lasers Market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Ophthalmic Lasers Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Ophthalmic Lasers Market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

Global Ophthalmic Lasers Market Share, by Region, 2017 (%)

Source: MRFR Analysis

The Americas are likely to dominate the Global Ophthalmic Lasers Market owing to the technological advancement in the region, increasing ophthalmic disorders and rising geriatric population. Increasing geriatric population results in increasing patients with compromised vision or damaged eyeball which is driving the market growth. According to the American Academy of Ophthalmology, Primary open-angle glaucoma (POAG) is increasing rapidly and by the end of 2050 more than 7.9 million people in the US will suffer from primary open-angle glaucoma (POAG). Moreover, favorable reimbursement policies and government initiatives for the development of the healthcare sector are also contributing to the growth of the market.

The European market is expected to be the second-largest ophthalmic lasers market. The market growth in this region can be attributed to the increasing ophthalmic surgeries in the region, raising awareness about the innovative technologies, and improvement in the healthcare sector with respect to infrastructure and facilities. According to the European Commission, cataract surgeries are common in the European region, and more than 4.5 million cataract surgeries were performed in European countries in 2016.

Asia-Pacific is expected to be the fastest-growing ophthalmic lasers market during the forecast period owing to the increasing prevalence of chronic diseases, rising investments in healthcare and expansions by market players in the region. According to the international diabetes federation, approximately 19% of the total population in the region is suffering from diabetes which is near to 84 million and caused 1.3 million deaths.

The market in the Middle East & Africa is expected to account for the smallest share of the global ophthalmic lasers market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Key Players:

Some of the key players in the global ophthalmic lasers market are Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Quantel Inc., Ellex Medical Lasers Limited, Ocular Instruments, Topcon Corporation, Ziemer Ophthalmic Systems AG, Iridex Corporation, Nidek Co., Limited, Lightmed USA, and Lumenis Ltd.

Global Ophthalmic Lasers Market, by Product:

Excimer Lasers

Femtosecond Lasers

Diode Lasers

SLT Laser

ND:Yag Lasers

Others

Global Ophthalmic Lasers Market, by Application:

Refractive Error Correction

Cataract Surgery

Diabetic Retinopathy

Glaucoma Surgery

Age-related Macular Degeneration (AMD)Treatment

Others

Global Ophthalmic Lasers Market, by End User:

Hospitals

Specialty Clinics

Ambulatory Surgical Centers

Others

Global Ophthalmic Lasers Market, by Region:

Americas

North America

Canada

South America

Europe

Western Europe

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East

Africa

Company Profiles:

Alcon Laboratories, Inc.

Abbott Medical Optics, Inc.

Carl Zeiss Meditec AG

Bausch & Lomb Incorporated

Quantel Inc.

Ellex Medical Lasers Limited

Ocular Instruments

Topcon Corporation

Ziemer Ophthalmic Systems AG

Iridex Corporation

Nidek Co., Limited

Lightmed USA

Lumenis Ltd.

Intended Audience:

Ophthalmic Lasers Product Manufacturers

Ophthalmic Lasers Product Distributors And Suppliers

Healthcare Providers

Medical Device Manufacturers

Research Institutes and Academic Centers

Contract Research Organizations (CROs)

Government Associations

Market Research and Consulting

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1Research Objective

2.2.2Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1Bargaining Power of Suppliers

5.1.2Bargaining Power of Buyers

5.1.3Threat of New Entrants

5.1.4Threat of Substitutes

5.1.5Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Ophthalmic Lasers Market, by Product

6.1 Introduction

6.2 Excimer Lasers

Market Estimates & Forecast, by Region, 2020-2027