Global Laser Probe Market, By Product Type (Continuous Wave (CW) Laser Probes and Pulsed Laser Probes), Probe Type (Single Laser Probe and Cluster Laser Probe), Application (Ophthalmology, Dermatology, Rheumatology, Orthopaedics, Dentistry and Others), End Users (Hospitals, Clinics and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the laser probe market will exhibit a CAGR of around 9.11% for the forecast period of 2021-2028. Increase expenditure for research and development activities coupled with supportive governmental policies, increased focus on advancing the technologies associated with laser probes and favourable reimbursement scenario in matured and developed markets are the major factors attributable to the growth of laser probe market.
Laser probe is an ophthalmic medical device that helps in the examination of eyes, brains and other sensitive areas. Laser probes are widely used by the healthcare service providers to perform therapeutic operations. Laser probes help in accurately and precisely undertake such operations. Laser probes are high quality and high performance oriented tools and help in performing minimally-invasive diagnostic procedures. The biggest advantage of laser probes is that it helps in real-time diagnosis of any abnormality which helps in reducing time spent and efforts involved on the part of both patient and healthcare service provider.
Upsurge in the geriatric population susceptible to ophthalmic disorders is one of the major factors inducing growth in the demand for laser probe systems. Rising expenditure for research and development proficiencies by the major healthcare companies coupled with initiatives taken by the government to improve the quality of healthcare services will further generate lucrative and remunerative growth opportunities for the market. Rising prevalence of ophthalmic diseases/disorders owing to the rising prevalence of diabetes will also act as an important market growth determinant.
However, presence of alternative technologies and devices will derail the market growth rate. Lack of knowledge about laser probe technology will also hamper the market growth rate. Dearth of skilled medical professionals will also create obstructions for the laser probe market.
This laser probe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laser probe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laser Probe Market Scope and Market Size
The laser probe market is segmented on the basis of product type, probe type, application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- By product type, the global laser probe market is segmented into continuous wave (CW) laser probes and pulsed laser probes.
- By probe type, the global laser probe market is segmented into single laser probe and cluster laser probe.
- On the basis of application, the global laser probe market is segmented into ophthalmology, dermatology, rheumatology, orthopaedics, dentistry and others.
- On the basis of end users, the global laser probe market is segmented into hospitals, clinics and others.
Laser Probe Market Country Level Analysis
The laser probe market is analysed and market size insights and trends are provided by product type, probe type, application and end users as referenced above.
The countries covered in the laser probe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laser probe market owing to the increasing expenditure for research and development proficiencies coupled with the existence of major market players in this region. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the large patient pool and improving healthcare infrastructure.
The country section of the laser probe market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Laser probe market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laser probe market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Laser Probe Market Share Analysis
The laser probe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laser probe market.
The major players covered in the laser probe market report are Novartis AG, Bausch & Lomb Incorporated, FCI, REIMERS & JANSSEN GmbH, ADInstruments, Transonic., Lumenis, OphthalMed LLC, Vitreq B.V., IRIDEX Corporation, Quantel Medical, Katalyst Surgical, Vortex Surgical, D.O.R.C. Dutch Ophthalmic Research Center (International) B.V., Monteris, Oertli Instrumente AG, LEONI, Omega Laser Systems Ltd and Alcon Vision LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.