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Ophthalmic Lasers Market - Market Size & Forecasting (2017-2028)

  • ID: 5447922
  • Report
  • April 2021
  • Region: Global
  • 134 Pages
  • Quince Market Insights

FEATURED COMPANIES

  • Alcon
  • Carl Zeiss Meditec AG
  • Iridex Corporation
  • Katalyst Surgical
  • Nidek Co. Ltd
  • Quantel Medical
Every profile of a number of important suppliers is briefly examined in the global ophthalmic lasers market research. It also includes a detailed examination of supply-demand data for the whole end-use industry. It also examines the benefits and drawbacks of the intended client demand. In order to give you an overall competitive advantage, detailed evaluations of complete market dynamics have been undertaken.

In 2020, the ophthalmic lasers market was worth USD 1,947.8 million, and it is expected to grow at a CAGR of 1.6% over the forecast period.

Refractive error afflicted 54% of persons in 2016, according to a report published by PLOS (Public Library of Science), a non-profit organization based in the United Kingdom. In the future, it is expected that the vast majority of the world's population, both children and adults, would have some form of refractive error. Individuals with refractive error in one or both parents are more likely to develop the disorder. As a result of the increasing number of patients with refractive problems, the market for ophthalmic lasers is likely to develop throughout the forecast period.

The market for ophthalmic lasers is divided into four categories: product type, application, end-user, and region.

Regional Analysis of Global Ophthalmic Lasers Market


Asia-Pacific (China, Japan , Korea, India and Southeast Asia), Europe (Germany , France, UK, Russia and Italy), South America (Brazil , Argentina and Colombia, etc.), North America (United States, Canada and Mexico), the Middle East and Africa (Saudi Arabia, UAE , Egypt , Nigeria and South Africa) are the regional scenarios of the ophthalmic lasers market report.

The rapid technological advancement in the healthcare sector is one of the elements driving regional market expansion. The existence of established companies is expected to play a vital influence in the regional market's strengthening. Furthermore, the increased demand for these items is projected to be supported by the rising prevalence of ocular illnesses. The United States has the largest market share in North America. Because of the rising instances of ophthalmic illnesses in the region, the APAC region is expected to be the fastest-growing market throughout the projection period. In addition, rising investment in the healthcare sector is likely to boost regional market growth.

Methodology


To locate and collect information valuable for this technical, market-oriented, and commercial analysis of the medical nonwoven disposables market, this research study used numerous secondary sources, directories, and databases including as Hoovers, Bloomberg Business Week, Reuters, and Factiva. Several industry experts from core and allied industries, as well as preferred suppliers, manufacturers, distributors, service providers, and organizations from all parts of the industry's value chain, are the key sources.

What this study provides

  • Forecasts for the global market and submarkets from 2017 to 2028, along with analysis
  • Contract, project, and program details and analysis are extensive.
  • Analyze the impact of game-changing technology advancements on the industry.
  • Global market and submarket forecasts, with supporting analysis, for the years 2017 through 2028.
  • Contracts, initiatives, and plans of key players are thoroughly detailed and analyzed.
  • An examination of game-changing technical advancements and how they will influence the industry.
  • Detailed Segmentation to help each stakeholder in market
  • 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
  • Impact of COVID-19 on demand estimation & forecasts (2020 onward)
  • Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
  • Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Country level demand of the 25+ major markets with key trends & factors influencing the same

Key points answered by this report:


The authors of this study demonstrate that this well-developed record is the result of high-end research operations and a compilation of assessments of a range of essential components gathered through various instruments that are gradually shaping the global ophthalmic lasers market industry's growth. The research also looks at the degree of regional expansion, sector size, investment statistics, market value, and benefit analysis.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcon
  • Carl Zeiss Meditec AG
  • Iridex Corporation
  • Katalyst Surgical
  • Nidek Co. Ltd
  • Quantel Medical
1 Market Abstract

2 Market Introduction
2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Ophthalmology and Ophthalmologist
2.2.2 Ophthalmic Laser Surgery
2.2.3 Cataract Surgery
2.2.4 Glaucoma
2.2.5 Diabetic Retinopathy
2.2.6 Femtosecond Laser
2.2.7 Excimer Laser
2.2.8 Diode Laser

3. Research Practice
3.1 Research Practice
3.1.1 Global Level Analysis
3.1.2 Country Level Analysis
3.1.3 Supply Based Analysis
3.1.4 Demand Based Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/ Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended For

4 Key Related Data
4.1 Competitive Positioning
4.1.1 Product Positioning
4.1.2 Revenue Positioning
4.1.3 Regional Reach Positioning
4.2 Major Investments in the Last Five Years by Global Players
4.3 Key Industry Trends in Major Countries
4.3.1 Use of Innovative Technology
4.3.2 Artificial Intelligence in Laser Refractive Surgery
4.3.3 Microincision Cataract Surgery
4.3.4 Intraocular Lens Options (Iols)
4.4 Technological Advancement
4.4.1 Ai Platforms
4.4.2 Medical Device Data Integration into Care Delivery Processes
4.4.3 Patient Portal Application
4.5 Guidelines / Regulations
4.5.1 Csa-Z386-14:20 Safe Use of Lasers in Healthcare
4.5.2 Ansi Z136.1-2014 Ansi Z136.1-2014
4.5.3 Regulation (Eu) 2017/745 of the European Parliament and of the Council of 5 April 2017
4.5.4 the Medical Devices (Amendment Etc.) (Eu Exit) Regulations 2019
4.5.5 Iso 13485:2003 Medical Devices - Quality Management Systems - Requirements for Regulatory Purposes
4.5.6 Fda Laws, Regulations & Performance Standards
4.6 Covid- 19 Impact on Ophthalmic Lasers Market

5 Impact Factor Analysis
5.1 Drivers/Restraints/Opportunities/Challenges
5.1.1 Drivers
5.1.1.1 Increasing Prevalence of Ophthalmic Disorders
5.1.1.2 Increasing Geriatric Population
5.1.2 Restraints
5.1.2.1 Rising Costs of Ophthalmic Lasers Treatment
5.1.2.2 Dearth of Skilled Professionals
5.1.3 Opportunity
5.1.3.1 Technological Advancements in Ophthalmic Lasers
5.1.4 Challenges
5.1.4.1 Lack of Quality Services and Access
5.2 Porter's Five Forces Model
5.2.1 Bargaining Power of Buyers: (High)
5.2.2 Bargaining Power of Suppliers: (Moderate)
5.2.3 Intensity of Rivalry: (High)
5.2.4 Threat of New Entrants: (Moderate)
5.2.5 Threat of Substitutes: (Moderate)

6 Market Development Analysis
6.1 Overview
6.2 New Product Development / Product Launch
6.3 Merger and Acquisitions
6.4 Product Approval/Collabration

7 Ophthalmic Lasers Market, by Product Type
7.1 Introduction
7.2 Femtosecond Lasers
7.3 Excimer Lasers
7.4 Nd:Yag Lasers
7.5 Diode Lasers
7.6 Others

8 Ophthalmic Lasers Market, by Application
8.1 Introduction
8.2 Refractive Error Correction
8.3 Cataract Removal
8.4 Diabetic Retinopathy Treatment
8.5 Glaucoma Treatment
8.6 Amd Treatment
8.7 Others

9 Ophthalmic Lasers Market, by End-user
9.1 Introduction
9.2 Hospitals
9.3 Clinics
9.4 Ambulatory Service Centers

10 Ophthalmic Lasers Market, Regional Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East & Africa
10.6 South America

11 Company Profile
11.1 Carl Zeiss Meditec AG
11.1.1 Company Overview
11.1.2 Carl Zeiss Meditec Ag: Financial Overview
11.1.3 Carl Zeiss Meditec Ag: Product Overview
11.1.4 Carl Zeiss Meditec Ag: SWOT Analysis
11.2 Topcon Corporation
11.2.1 Company Overview
11.2.2 Topcon Corporation: Financial Overview
11.2.3 Topcon Corporation: Product Overview
11.2.4 Topcon Corporation: SWOT Analysis
11.3 Nidek Co. Ltd
11.3.1 Company Overview
11.3.2 Nidek Co. Ltd: Financial Overview
11.3.3 Nidek Co. Ltd.: Product Overview
11.3.4 Nidek Co. Ltd: SWOT Analysis
11.3.5 Nidek Co. Ltd: Key Developments
11.4 Quantel Medical
11.4.1 Company Overview
11.4.2 Quantel Medical: Financial Overview
11.4.3 Quantel Medical: Product Overview
11.4.4 Quantel Medical: SWOT Analysis
11.4.5 Quantel Medical: Key Developments
11.5 Alcon
11.5.1 Alcon: Financial Overview
11.5.2 Alcon: Product Overview
11.5.3 Alcon: Key Developments
11.6 Bausch Health Companies Inc.
11.6.1 Company Overview
11.6.2 Bausch Health Companies Inc.: Financial Overview
11.6.3 Bausch Health Companies Inc.: Product Overview
11.7 Johnson & Johnson Vision (Abbott Medical Optics, Inc)
11.7.1 Company Overview
11.7.2 Johnson & Johnson Vision: Financial Overview
11.7.3 Johnson & Johnson Vision: Product Overview
11.7.4 Johnson & Johnson Vision: SWOT Analysis
11.7.5 Johnson & Johnson Vision: Key Developments
11.8 Iridex Corporation
11.8.1 Company Overview
11.8.2 Iridex Corporation: Financial Overview
11.8.3 Iridex Corporation: Product Overview
11.8.4 Iridex Corporation: SWOT Analysis
11.8.5 Iridex Corporation: Key Developments
11.9 Ellex Medical Pty Ltd
11.9.1 Company Overview
11.9.2 Ellex Medical Pty Ltd: Financial Overview
11.9.3 Ellex Medical Pty Ltd: Product Overview
11.9.4 Ellex Medical Pty Ltd: SWOT Analysis
11.9.5 Ellex Medical Pty Ltd: Key Developments
11.10 Ziemer Ophthalmic Systems AG
11.10.1 Company Overview
11.10.2 Ziemer Ophthalmic Systemsag: Financial Overview
11.10.3 Ziemer Ophthalmic Systems Ag: Product Overview
11.10.4 Ziemer Ophthalmic Systems Ag: Key Developments
11.11 Lumenis
11.11.1 Company Overview
11.11.2 Lumenis: Financial Overview
11.11.3 Lumenis: Product Overview
11.12 Aurolab
11.12.1 Company Overview
11.12.2 Aurolab: Financial Overview
11.12.3 Aurolab: Product Overview
11.13 Katalyst Surgical
11.13.1 Company Overview
11.13.2 Katalyst Surgical: Financial Overview
11.13.3 Katalyst Surgical: Product Overview
11.13.4 Katalyst Surgical: SWOT Analysis
11.13.5 Katalyst Surgical: Key Developments
11.14 Od-Os GmbH
11.14.1 Company Overview
11.14.2 Od-Os Gmbh: Financial Overview
11.14.3 Od-Os Gmbh: Product Overview
11.14.4 Od-Os Gmbh: SWOT Analysis
11.14.5 Od-Os Gmbh: Key Developments

12 Appendix
12.1 List of Abbreviation
12.2 Key Stakeholder Opinion
12.3 Key Related Reports

List of Tables
Table 1 New Product Development / Product Launch
Table 2 Merger and Acquisitions
Table 3 Product Approval/Collabration
Table 4 Global Ophthalmic Lasers Market, by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 5 Global Ophthalmic Lasers Market, by Product Type - (Usd Million) 2017-2028
Table 6 Femtosecond Lasers Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 7 Femtosecond Lasers Market, by Region (Usd Million) 2017-2028
Table 8 Excimer Lasers Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 9 Excimer Lasers Market, by Region (Usd Million) 2017-2028
Table 10 Nd:Yag Lasers Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 11 Nd:Yag Lasers Market, by Region (Usd Million) 2017-2028
Table 12 Diode Lasers Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 13 Diode Lasers Market, by Region (Usd Million) 2017-2028
Table 14 Others Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 15 Others Market, by Region (Usd Million) 2017-2028
Table 16 Global Ophthalmic Lasers Market, by Application - Under Covid-19 (Usd Million) 2017-2028
Table 17 Global Ophthalmic Lasers Market, by Application - (Usd Million) 2017-2028
Table 18 Refractive Error Correction Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 19 Refractive Error Correction Market, by Region (Usd Million) 2017-2028
Table 20 Cataract Removal Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 21 Cataract Removal Market, by Region (Usd Million) 2017-2028
Table 22 Diabetic Retinopathy Treatment Market, by Region - Under Covid-19 (Usd Million) 2017-2028
Table 23 Diabetic Retinopathy Treatment Market, by Region (Usd Million) 2017-2028
Table 24 Glaucoma Treatment Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 25 Glaucoma Treatment Market, by Region (Usd Million) 2017-2028
Table 26 Amd Treatment Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 27 Amd Treatment Market, by Region (Usd Million) 2017-2028
Table 28 Others Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 29 Others Market, by Region (Usd Million) 2017-2028
Table 30 Global Ophthalmic Lasers Market, by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 31 Global Ophthalmic Lasers Market, by End-user - (Usd Million) 2017-2028
Table 32 Hospitals Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 33 Hospitals Market, by Region (Usd Million) 2017-2028
Table 34 Clinics Market, by Region -Under Covid-19 (Usd Million) 2017-2028
Table 35 Clinics Market, by Region (Usd Million) 2017-2028
Table 36 Ambulatory Service Centers Market, by Region -Under Covid- - 19 (Usd Million) 2017-2028
Table 37 Ambulatory Service Centers Market, by Region (Usd Million) 2017-2028
Table 38 Global Ophthalmic Lasers Market, by Region- Under Covid-19 (Usd Million) 2017-2028
Table 39 Global Ophthalmic Lasers Market, by Region (Usd Million) 2017-2028
Table 40 North America Ophthalmic Lasers Market, by Country - Under Covid- -19 (Usd Million) 2017-2028
Table 41 North America Ophthalmic Lasers Market, by Country (Usd Million) 2017-2028
Table 42 North America Ophthalmic Lasers Market - by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 43 North America Ophthalmic Lasers Market - by Product Type (Usd Million) 2017-2028
Table 44 North America Ophthalmic Lasers Market - by Application - Under Covid-19 (Usd Million) 2017-2028
Table 45 North America Ophthalmic Lasers Market - by Application (Usd Million) 2017-2028
Table 46 North America Ophthalmic Lasers Market - by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 47 North America Ophthalmic Lasers Market - by End-user (Usd Million) 2017-2028
Table 48 Europe Ophthalmic Lasers Market, by Country - Under Covid-19 (Usd Million) 2017-2028
Table 49 Europe Ophthalmic Lasers Market, by Country (Usd Million) 2017-2028
Table 50 Europe Ophthalmic Lasers Market - by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 51 Europe Ophthalmic Lasers Market - by Product Type (Usd Million) 2017-2028
Table 52 Europe Ophthalmic Lasers Market - by Application - Under Covid-19 (Usd Million) 2017-2028
Table 53 Europe Ophthalmic Lasers Market - by Application (Usd Million) 2017-2028
Table 54 Europe Ophthalmic Lasers Market - by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 55 Europe Ophthalmic Lasers Market - by End-user (Usd Million) 2017-2028
Table 56 Asia-Pacific Ophthalmic Lasers Market, by Country -Under Covid-19 (Usd Million) 2017-2028
Table 57 Asia-Pacific Ophthalmic Lasers Market, by Country (Usd Million) 2017-2028
Table 58 Asia-Pacific Ophthalmic Lasers Market - by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 59 Asia-Pacific Ophthalmic Lasers Market - by Product Type (Usd Million) 2017-2028
Table 60 Asia-Pacific Ophthalmic Lasers Market - by Application- Under Covid-19 (Usd Million) 2017-2028
Table 61 Asia-Pacific Ophthalmic Lasers Market - by Application (Usd Million) 2017-2028
Table 62 Asia-Pacific Ophthalmic Lasers Market - by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 63 Asia-Pacific Ophthalmic Lasers Market - by End-user (Usd Million) 2017-2028
Table 64 Middle East & Africa Ophthalmic Lasers Market, by Country-Under Covid-19 (Usd Million) 2017-2028
Table 65 Middle East & Africa Ophthalmic Lasers Market, by Country (Usd Million) 2017-2028
Table 66 Middle East & Africa Ophthalmic Lasers Market - by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 67 Middle East & Africa Ophthalmic Lasers Market - by Product Type (Usd Million) 2017-2028
Table 68 Middle East & Africa Ophthalmic Lasers Market - by Application - Under Covid-19 (Usd Million) 2017-2028
Table 69 Middle East & Africa Ophthalmic Lasers Market - by Application (Usd Million) 2017-2028
Table 70 Middle East & Africa Ophthalmic Lasers Market - by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 71 Middle East & Africa Ophthalmic Lasers Market - by End-user (Usd Million) 2017-2028
Table 72 South America Ophthalmic Lasers Market, by Country -Under Covid-19 (Usd Million) 2017-2028
Table 73 South America Ophthalmic Lasers Market, by Country (Usd Million) 2017-2028
Table 74 South America Ophthalmic Lasers Market - by Product Type - Under Covid-19 (Usd Million) 2017-2028
Table 75 South America Ophthalmic Lasers Market - by Product Type (Usd Million) 2017-2028
Table 76 South America Ophthalmic Lasers Market - by Application - Under Covid-19 (Usd Million) 2017-2028
Table 77 South America Ophthalmic Lasers Market - by Application (Usd Million) 2017-2028
Table 78 South America Ophthalmic Lasers Market - by End-user - Under Covid-19 (Usd Million) 2017-2028
Table 79 South America Ophthalmic Lasers Market - by End-user (Usd Million) 2017-2028

List of Figures
Figure 1 Global Ophthalmic Lasers Market: by Product Type, 2020 & 2028
Figure 2 Global Ophthalmic Lasers Market: by Application, 2020 & 2028
Figure 3 Global Ophthalmic Lasers Market: by End-user, 2020 & 2028
Figure 4 Global Ophthalmic Lasers Market: by Region, 2017-2028
Figure 5 Global Ophthalmic Lasers Market - Market Scope
Figure 6 Global Ophthalmic Lasers Market -Research Practice
Figure 7 Global Ophthalmic Lasers Market -Research Methodology
Figure 8 Global Ophthalmic Lasers Market -Primary and Secondary Research
Figure 9 Product Positioning Product Type, Application & End-user
Figure 10 Regional Reach Positioning
Figure 11 Droc Analysis
Figure 12 Global Geriatric Population Statistics, 2015-2019
Figure 13 Porter's Five Forces Model- Global Ophthalmic Lasers Market
Figure 14 Global Ophthalmic Lasers Market, by Product Type 2017-2028
Figure 15 Global Ophthalmic Lasers Market, by Application
Figure 16 World Diabetes Cases, 2009-2030
Figure 17 Global Ophthalmic Lasers Market, by End-user
Figure 18 Global Ophthalmic Lasers Market - by Region
Figure 19 North America Ophthalmic Lasers Market Snapshot
Figure 20 North America Ophthalmic Lasers Market - by Country 2017-2028
Figure 21 North America Ophthalmic Lasers Market - by Product Type 2017-2028
Figure 22 North America Ophthalmic Lasers Market - by Application 2017-2028
Figure 23 North America Ophthalmic Lasers Market - by End-user, 2017-2028
Figure 24 Europe Ophthalmic Lasers Market Snapshot
Figure 25 Europe Ophthalmic Lasers Market - by Country 2017-2028
Figure 26 Europe Ophthalmic Lasers Market - by Product Type 2017-2028
Figure 27 Europe Ophthalmic Lasers Market - by Application 2017-2028
Figure 28 Europe Ophthalmic Lasers Market - by End-user 2017-2028
Figure 29 Asia-Pacific Ophthalmic Lasers Market Snapshot
Figure 30 Asia-Pacific Ophthalmic Lasers Market - by Country, 2017-2028
Figure 31 Asia-Pacific Ophthalmic Lasers Market - by Product Type 2017-2028
Figure 32 Asia-Pacific Ophthalmic Lasers Market - by Application 2017-2028
Figure 33 Asia-Pacific Ophthalmic Lasers Market - by End Use Industry, 2017-2028
Figure 34 Middle East & Africa Ophthalmic Lasers Market Snapshot
Figure 35 Middle East & Africa Ophthalmic Lasers Market - by Country, 2017-2028
Figure 36 Middle East & Africa Ophthalmic Lasers Market - by Product Type 2017-2028
Figure 37 Middle East & Africa Ophthalmic Lasers Market - by Application, 2017-2028
Figure 38 Middle East & Africa Ophthalmic Lasers Market - by End-user, 2017-2028
Figure 39 South America Ophthalmic Lasers Market Snapshot
Figure 40 South America Ophthalmic Lasers Market - by Country ,2017-2028
Figure 41 South America Ophthalmic Lasers Market - by Product Type 2017-2028
Figure 42 South America Ophthalmic Lasers Market - by Application 2017-2028
Figure 43 South America Ophthalmic Lasers Market - by End-user, 2017-2028
Figure 44 Carl Zeiss Meditec AG (Business Overview)
Figure 45 Carl Zeiss Meditec AG (Financial Overview)
Figure 46 Carl Zeiss Meditec: SWOT Analysis
Figure 47 Topcon Corporation (Business Overview)
Figure 48 Topcon Corporation (Financial Overview)
Figure 49 Topcon Corporation: SWOT Analysis
Figure 50 Nidek Co. Ltd (Business Overview)
Figure 51 Nidek Co. Ltd (Financial Overview)
Figure 52 Nidek Co. Ltd: SWOT Analysis
Figure 53 Quantel Medical (Business Overview)
Figure 54 Quantel Medical (Financial Overview)
Figure 55 Quantel Medical: SWOT Analysis
Figure 56 Alcon (Business Overview)
Figure 57 Alcon (Financial Overview)
Figure 58 Alcon: SWOT Analysis
Figure 59 Bausch Health Companies Inc. (Business Overview)
Figure 60 Bausch Health Companies Inc. (Financial Overview)
Figure 61 Bausch Health Companies Inc.: SWOT Analysis
Figure 62 Johnson & Johnson Vision (Business Overview)
Figure 63 Johnson & Johnson Vision: SWOT Analysis
Figure 64 Iridex Corporation (Business Overview)
Figure 65 Iridex Corporation: SWOT Analysis
Figure 66 Ellex Medical Pty Ltd (Business Overview)
Figure 67 Ellex Medical Pty Ltd: SWOT Analysis
Figure 68 Ziemer Ophthalmic Systems AG (Business Overview)
Figure 69 Ziemer Ophthalmic Systems Ag: SWOT Analysis
Figure 70 Lumenis (Business Overview)
Figure 71 Aurolab (Business Overview)
Figure 72 Katalyst Surgical (Business Overview)
Figure 73 Katalyst Surgical: SWOT Analysis
Figure 74 Od-Os GmbH (Business Overview)
Figure 75 Od-Os Gmbh: SWOT Analysis
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcon
  • Carl Zeiss Meditec AG
  • Iridex Corporation
  • Katalyst Surgical
  • Nidek Co. Ltd
  • Quantel Medical
Ophthalmic lasers market accounted for USD 1,947.8 million in 2020 and is projected to reach USD 2,213.6 million by 2028, at a CAGR of 1.6% in the COVID-19 period. However, without the COVID-19 impact, the ophthalmic lasers market was estimated to be USD 2,011.4 million in 2020 and USD 3,185.5 million in 2028, at a CAGR of 5.9%. The market was estimated by considering the revenue generated from ophthalmic lasers used in diagnosis as well as treatment of varied ophthalmic ailments.

The ophthalmic laser treatment is a method used to treat ophthalmic disorder using a laser beam source. A laser beam source is used in numerous clinical diagnostic procedures and therapeutic procedures and is a monochromatic, coherent, and directional light source that focuses precisely on a minor spot. The laser module, cooling system, laser cavity, and laser pump are connected to a slit-lamp biomicroscope in ophthalmic laser systems. They are used for refractive error correction, cataract removal, glaucoma treatment, age-related macular degeneration treatment, cataract removal, and others.

The rising geriatric population and the increasing prevalence of various chronic ophthalmic disorders are expected to drive the ophthalmic lasers market over the forecast period. Technological advances and increased initiatives for vision impairment treatment are expected to drive market growth in the coming years. Furthermore, ophthalmic disorder cases are expected to rise in developing countries, where population growth is expected to be the highest. The growth in the number of people over 65 years is expected to contribute to the market demand during the forecast period.

According to a report conducted by PLOS (Public Library of Science), a non-profit organization in the United Kingdom, the refractive error affected 54% of people in 2016. The vast majority of the world's population, children and adults, is predicted to have some kind of refractive error in future. Individuals with parents affected with a refractive error are more susceptible to develop this condition. Thus, with the growing number of patients suffering from refractive errors, the market for ophthalmic lasers is also expected to rise during the forecast period.

The ophthalmic laser market is segmented based on product type, application, end-user, and region.

Based on product type, the market is segmented into femtosecond lasers, excimer lasers, Nd:YAG lasers, diode lasers, and others. The femtosecond lasers segment is accounted to have the largest share in the global ophthalmic lasers market during the forecast period. It accounted for USD 683.4 million in 2020 and is projected to reach USD 789.6 million by 2028, at a CAGR of 1.8% in the COVID-19 period. However, without the COVID-19 impact, the femtosecond lasers segment was estimated to be USD 705.7 million in 2020 and USD 1,136.2 million in 2028, at a CAGR of 6.1%, during the forecast period.

The factor contributing to the femtosecond lasers segment growth is the increasing number of people affected by refractive errors. Femtosecond lasers are now being used more often during cataract surgeries. As a result of the aforementioned factors, this product segment is expected to produce a high revenue in the industry during the forecast period

Based on application, the market is segmented into AMD treatment, cataract removal, diabetic retinopathy treatment, glaucoma treatment, refractive error correction, and others. The refractive error correction segment is accounted to have the largest market share in the global ophthalmic lasers market during the forecast period. It accounted for USD 537.2 million in 2020 and is projected to reach USD 644.3 million by 2028, at a CAGR of 2.3% in the COVID-19 period. However, without the COVID-19 impact, the refractive error correction segment was estimated to be USD 554.7 million in 2020 and USD 927.2 million in 2028, at a CAGR of 6.6% between 2020-2028.

The factor contributing to the segment growth is an increase in the number of refractive error cases in children and adults. The increased use of femtosecond lasers in refractive error surgeries is assisting in segment growth. The increasing cases of presbyopia contribute to market growth. According to the WHO, the number of patients with presbyopia is projected to increase from 1,800.0 million in 2015 to 2,100.0 million by 2030. This is expected to augment the demand for ophthalmic lasers during the forecast period.

Based on end-user, the market is segmented into hospitals, clinics, ambulatory service centers. The hospitals segment is expected to dominate the global ophthalmic lasers market. It accounted for USD 893.1 million in 2020 and is projected to reach USD 980.8 million by 2028, at a CAGR of 1.2% in the COVID-19 period. However, without the COVID-19 impact, the hospital segment was estimated to be USD 922.3 million in 2020 and USD 1,411.4 million in 2028, at a CAGR of 5.5%.

The factors contributing to the hospital segment growth are the widespread use of ophthalmic lasers in hospital settings. Furthermore, the growing number of hospitals in developing countries also augment the hospital segment growth.

Based on region, the market has been segmented as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The North American region is expected to dominate the global ophthalmic lasers market during the forecast period. The North American ophthalmic lasers market accounted for USD 652.7 million in 2020 and is projected to reach USD 696.6 million by 2028, at a CAGR of 0.8% in the COVID-19 period. However, without the COVID-19 impact, the North America region was estimated to be USD 674.0 million in 2020 and USD 1,002.4 million in 2028, at a CAGR of 5.1%, during the forecast period.

The factors contributing to the regional market growth are the rapid technical development in the healthcare sector. The presence of established players is predicted to play a significant role in strengthening the regional market. Moreover, the rising prevalence of ophthalmic disorders is expected to support the high demand for these products. In North America, the United States holds the highest market share. APAC region is predicted to be the fastest-growing market during the forecast period owing to the growing cases of ophthalmic disorders in the region. Furthermore, the increasing investment in the healthcare sector is expected to propel the regional market growth. The presence of developing countries like India and China is expected to fuel the market. The region is expected to experience a large patient pool which can contribute to the regional market. In addition, the rising geriatric population is recognized to be another potential factor strengthening the regional market during the forecast period.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Carl Zeiss Meditec AG
  • Topcon Corporation
  • Nidek Co. Ltd
  • Quantel Medical
  • Alcon
  • Bausch Health Companies Inc.
  • Johnson & Johnson Vision
  • Iridex Corporation
  • Ellex Medical Pty Ltd
  • Ziemer Ophthalmic Systems AG
  • Lumenis
  • Aurolab
  • Katalyst Surgical
  • Od-Os Gmbh
Note: Product cover images may vary from those shown