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Global Ophthalmic Lasers Market – Industry Trends and Forecast to 2029

Healthcare

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Global Ophthalmic Lasers Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables:
  • No of Figures:

Global Ophthalmic Lasers Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 1,303.59 Million
Diagram Market Size (Forecast Year) USD 2,400.37 Million
Diagram CAGR %

Major Markets Players

  • Alcon
  • Carl Zeiss Meditec AG
  • Ellex Inc.
  • Abbott
  • Bausch & Lomb Incorporated

Global Ophthalmic Lasers Market, By Product Type (Femtosecond Lasers, Excimer Lasers, Nd: YAG Lasers, Diode Lasers, and Other Lasers), Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, and Other Applications), End User (Hospitals and Clinics and Ambulatory Surgery Centers (ASCs) – Industry Trends and Forecast to 2029.

Ophthalmic Lasers Market

Global Ophthalmic Lasers Market Analysis and Size

The combination of accuracy, relative low cost and safety make ophthalmic lasers a highly beneficial tool in the field of ophthalmology. Different lasers are used for different applications, including Argon laser, for the treatment of diabetic retinopathy, retinal holes, glaucoma, and retinal detachments. The prevalence of chronic disorders is escalating the growth of ophthalmic lasers market.

  • Global ophthalmic lasers market was valued at USD 1,303.59 million in 2021 and is expected to reach USD 2,400.37 million by 2029, registering a CAGR of 7.93% during the forecast period of 2022-2029. market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Ophthalmic Lasers Market Definition

Ophthalmic lasers refer to the devices that enable precise treatment for wide range eye problems with little risk of infection. Most laser procedures are relatively pain-free and these procedures can be performed on an outpatient basis. The foot pedal, the laser delivery system and the laser console are categorized under the main components of a laser system. Various delivery systems are connected to the console by a fibre optic cable to transmit laser energy to the patient's eye.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Femtosecond Lasers, Excimer Lasers, Nd: YAG Lasers, Diode Lasers, and Other Lasers), Application (Refractive Error Correction, Cataract Removal, Glaucoma Treatment, Diabetic Retinopathy Treatment, AMD Treatment, and Other Applications), End User (Hospitals and Clinics and Ambulatory Surgery Centers (ASCs)

Countries Covered

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

Market Players Covered

Alcon (US), Carl Zeiss Meditec AG (Germany), Ellex Inc. (Australia), Abbott (US), Bausch & Lomb Incorporated (US), Topcon Corporation (Japan), IRIDEX Corporation (US), Lumenis. (Israel), Ziemer Ophthalmic Systems (Switzerland), NIDEK CO., LTD (Japan), Johnson & Johnson Surgical Vision Inc. (US), LUMIBIRD (France), LIGHTMED (US), Coherent, Inc. (US), Ocular Instruments. (US), ASICO, LLC. (US), Deka M.E.L.A. srl (Italy), and NoIR Laser Company, L.L.C. (US), among others

Ophthalmic Lasers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Prevalence of Ophthalmic Disorders

The rise in prevalence of ophthalmic disorders such as refractive errors, age-related macular degeneration, cataract, diabetic retinopathy and glaucoma, among others across the globe, is one of the major factors driving the growth of ophthalmic lasers market.

  • Geriatric Population

The surge in the geriatric population accelerate the market growth as elderly population is more prone to ophthalmic disorders.

  • Prevalence of Chronic Diseases

The increase in chronic diseases, such as diabetes among people, further influences the ophthalmic lasers market.

Opportunities

Furthermore, the increase in the number of regulatory approvals for ophthalmic lasers along with technological advancements extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in the initiatives to control visual impairment will further expand the market.

Restraints/Challenges Global Ophthalmic Lasers Market

On the other hand, high cost associated with the equipment and therapy, and availability of alternative therapies are expected to obstruct market growth. Also, unfavorable reimbursements for laser eye surgeries are projected to challenge the ophthalmic lasers market in the forecast period of 2022-2029.

This ophthalmic lasers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 ophthalmic lasers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ophthalmic Lasers Market

COVID-19 outbreak had varied impact on ophthalmic lasers market. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. However, rise in the ophthalmic procedures is expected in the post-COVID owing to the easing of restrictions.

Recent Development

  • ZEISS introduced a VISUMAX 800, a next generation of ZEISS femtosecond lasers in September’2021. The ZEISS VISUMAX 800, femtosecond lasers, offers a comfortable patient and surgeon experience as it declines potential transcription errors and laser time.

Global Ophthalmic Lasers Market Scope and Market Size

The ophthalmic lasers market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Femtosecond Lasers
  • Excimer Lasers
  • Nd: YAG Lasers
  • Diode Lasers
  • Other Lasers

On the basis of product type, the ophthalmic lasers market is segmented into femtosecond lasers, excimer lasers, Nd: YAG lasers, diode lasers, and other lasers. Other lasers is further sub segmented into Nd: YAG Lasers operating in green (532 NM) wavelength, solid-state lasers, optically pumped semiconductor lasers, and lasers with fiber technology.

Application

  • Refractive Error Correction
  • Cataract Removal
  • Glaucoma Treatment
  • Diabetic Retinopathy Treatment
  • AMD Treatment
  • Other Applications

On the basis of application, the ophthalmic lasers market is segmented into refractive error correction, cataract removal, glaucoma treatment, diabetic retinopathy treatment, AMD treatment, and other applications. Other applications is further sub segmented into retinal vein occlusions, ocular tumours, central serous chorioretinopathy, retinal breaks and detachment, eye floaters, corneal dystrophies, corneal scarring, macular edema, and choroidal neovascularization.

End User

  • Hospitals and Clinics
  • Ambulatory Surgery Centers (ASCs)

On the basis of end user, the ophthalmic lasers market is segmented into hospitals and clinics and ambulatory surgery centers (ASCs).

Ophthalmic Lasers Market Regional Analysis/Insights

The ophthalmic lasers market is analysed and market size insights and trends are provided by country, product type, application and end user as referenced above.

The countries covered in the ophthalmic lasers 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 ophthalmic lasers market because of the development of sophisticated healthcare infrastructure within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the prevalence of cataract removal surgeries in the developing countries.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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

The ophthalmic lasers 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 ophthalmic lasers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmic lasers market. The data is available for historic period 2010-2020.

Competitive Landscape and Ophthalmic Lasers Market Share Analysis

The ophthalmic lasers 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 ophthalmic lasers market.

Some of the major players operating in the ophthalmic lasers market are Alcon (US), Carl Zeiss Meditec AG (Germany), Ellex Inc. (Australia), Abbott (US), Bausch & Lomb Incorporated (US), Topcon Corporation (Japan), IRIDEX Corporation (US), Lumenis. (Israel), Ziemer Ophthalmic Systems (Switzerland), NIDEK CO., LTD (Japan), Johnson & Johnson Surgical Vision Inc. (US), LUMIBIRD (France), LIGHTMED (US), Coherent, Inc. (US), Ocular Instruments. (US), ASICO, LLC. (US), Deka M.E.L.A. srl (Italy), and NoIR Laser Company, L.L.C. (US), among others.

Research Methodology : Global Ophthalmic Lasers Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-ophthalmic-lasers-market


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Ophthalmic Lasers Market will be projected at USD 2,400.37 million during the forecast period of 2022 to 2029.
The Ophthalmic Lasers Market is Expected to Witness CAGR of 7.93% During the Forecast Period of 2022 to 2029.
The Major Players Operating in the Ophthalmic Lasers Market are Alcon (US), Carl Zeiss Meditec AG (Germany), Ellex Inc. (Australia), Abbott (US), Bausch & Lomb Incorporated (US), Topcon Corporation (Japan), IRIDEX Corporation (US), Lumenis. (Israel), Ziemer Ophthalmic Systems (Switzerland), NIDEK CO., LTD (Japan), Johnson & Johnson Surgical Vision Inc. (US), among others.
The Countries Covered in the Ophthalmic Lasers 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.
The Ophthalmic Lasers Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.
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