Market Overview:
The global ophthalmic lasers therapeutic market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising demand for minimally invasive surgeries, and technological advancements in ophthalmic lasers therapies. Based on type, the excimer laser system segment is expected to account for the largest share of the global ophthalmic lasers therapeutic market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to its growing use in refractive surgeries and increasing demand for premium products with better performance characteristics. Based on application, hospitals are expected to account for the largest share of the global ophthalmic lasers therapeutic market in 2018.
Product Definition:
An ophthalmic laser is a medical device that uses a focused beam of light to treat various eye conditions. Ophthalmic lasers are used to treat conditions such as glaucoma, diabetic retinopathy, and macular degeneration. They are also used to perform cosmetic procedures such as lasik surgery.
Excimer Laser System:
Excimer laser system is a form of semiconductor laser that produces ultraviolet-violet light with a wavelength of excitation between 210 nm and 280 nm. Excimer lasers are used in various medical applications such as skin rejuvenation, hair removal, tattoo removal, etc.
Excimer lasers produce light by means of two coupled rubbershields which are made from high melting point alloy materials such as titanium dioxide.
Femtosecond Laser System:
The femtosecond laser system is a tool that emits light in the form of a flash of very short duration. It is used for treating cataracts, refractive errors, and other eye diseases. The laser beam creates micro-pulses ( femtoseconds) which are too small to be perceived by the human eye. These micro-pulses are used to reshape tissue inside the patient’s body without surgery or any external devices.
Application Insights:
Based on application, the global ophthalmic lasers therapeutic market is segmented into hospitals, ambulatory surgical centers, and ophthalmology clinics. The hospital segment dominated the market in 2017 owing to factors such as a high prevalence of patients with eye diseases requiring laser treatment and an increase in number of surgeries. According to data published by WHO in 2018, around 1 billion people suffer from visual impairment due to blindness caused by cataract globally. This factor is expected to drive demand for advanced ophthalmic lasers over the forecast period.
The use of these devices during cataract surgery helps reduce postoperative pain and enable faster healing process compared to conventional incisions made during traditional operations. In addition, growing awareness about benefits associated with this technology such as improved patient safety along with cost-effectiveness is anticipated fuel growth over the forecast period thereby driving demand for these devices at ambulatory surgical centers & OPDs across regions worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key companies, rising adoption of technologically advanced devices, and high prevalence of eye disorders. Moreover, presence of a large number of ophthalmic care centers and hospitals that are actively engaged in Lasik surgical procedures is expected to drive the regional market further.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure with an aim towards quality treatment at affordable costs; increase in government initiatives for mass Lasik surgeries; rise in disposable income levels which enables people opt for medical treatments even when they are expensive; and availability of cost-effective treatment options for various eye diseases including cataract surgery & related services. In addition, rapid urbanization has led to increased incidences of glaucoma due to increased exposure towards harmful light rays from electronic gadgets or windowsills etc., which will also boost demand during the forecast period.
Growth Factors:
- Increasing incidence of eye disorders and blindness: The increasing incidence of various eye disorders, such as cataract, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy is expected to drive the demand for ophthalmic lasers therapeutic market over the forecast period. According to World Health Organization (WHO), around 285 million people are visually impaired worldwide, out of which 39 million are blind. This number is estimated to increase to 535 million by 2050.
- Rising awareness about laser therapies: There is a growing awareness among people about the benefits of laser therapies for various eye disorders. This is likely to boost the demand for ophthalmic lasers therapeutic devices in the coming years.
- Technological advancements in ophthalmic lasers therapy: The technological advancements in ophthalmic lasers therapy are expected to fuel the growth of this market over the forecast period. For instance, development of novel technologies such as femtosecond laser technology that offers precise and efficient treatments with minimal side effects is anticipated to propel market growth during the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmic Lasers Therapeutic Market Research Report
By Type
Excimer Laser System, Femtosecond Laser System, Others
By Application
Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics
By Companies
Alcon (Novartis), J &J, Zeiss, Valeant, Ziemer Ophthalmic, Avedro, Nidek, Lensar, SCHWIND, iVIS Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmic Lasers Therapeutic Market Report Segments:
The global Ophthalmic Lasers Therapeutic market is segmented on the basis of:
Types
Excimer Laser System, Femtosecond Laser System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcon (Novartis)
- J &J
- Zeiss
- Valeant
- Ziemer Ophthalmic
- Avedro
- Nidek
- Lensar
- SCHWIND
- iVIS Technologies
Highlights of The Ophthalmic Lasers Therapeutic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Excimer Laser System
- Femtosecond Laser System
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Ophthalmology Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ophthalmic Lasers Therapeutic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ophthalmic lasers are therapeutic devices that use a beam of light to treat eye conditions. These devices can be used to remove debris from the eye, reduce inflammation, and improve vision.
Some of the major players in the ophthalmic lasers therapeutic market are Alcon (Novartis), J &J, Zeiss, Valeant, Ziemer Ophthalmic, Avedro, Nidek, Lensar, SCHWIND, iVIS Technologies.
The ophthalmic lasers therapeutic market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ophthalmic Lasers Therapeutic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ophthalmic Lasers Therapeutic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmic Lasers Therapeutic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ophthalmic Lasers Therapeutic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ophthalmic Lasers Therapeutic Market Size & Forecast, 2020-2028
4.5.1 Ophthalmic Lasers Therapeutic Market Size and Y-o-Y Growth
4.5.2 Ophthalmic Lasers Therapeutic Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Excimer Laser System
5.2.2 Femtosecond Laser System
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Ophthalmology Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmic Lasers Therapeutic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ophthalmic Lasers Therapeutic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Excimer Laser System
9.6.2 Femtosecond Laser System
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Ophthalmology Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Excimer Laser System
10.6.2 Femtosecond Laser System
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Ophthalmology Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Excimer Laser System
11.6.2 Femtosecond Laser System
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Ophthalmology Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Excimer Laser System
12.6.2 Femtosecond Laser System
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Ophthalmology Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Excimer Laser System
13.6.2 Femtosecond Laser System
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Ophthalmology Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ophthalmic Lasers Therapeutic Market: Competitive Dashboard
14.2 Global Ophthalmic Lasers Therapeutic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon (Novartis)
14.3.2 J &J
14.3.3 Zeiss
14.3.4 Valeant
14.3.5 Ziemer Ophthalmic
14.3.6 Avedro
14.3.7 Nidek
14.3.8 Lensar
14.3.9 SCHWIND
14.3.10 iVIS Technologies
