Ophthalmology is a branch of medical science which deals with the diagnosis, treatment, and prevention of eye disorders. Ophthalmic disorders are common in developed countries due to changing lifestyle. The technological advancement, increasing prevalence of ophthalmic disorders, a growing number of chronic diseases, and rising geriatric population are the major factors driving the growth of the global ophthalmic lasers market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in June 2018, Carl Zeiss Meditec AG has launched next-generation VISULAS green photocoagulation laser in the ophthalmic lasers market, this innovative product can be used for the treatment of diabetic retinopathy and age-related macular degeneration disorders.
The high costs associated with ophthalmic procedures, rising prices of ophthalmic lasers products, and scarcity of technicians to handle ophthalmic devices are likely to hinder market growth during the forecast period.
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Global Ophthalmic Lasers Market – Segments
For enhanced understanding, the report has been segmented into four key dynamics.
By Product: Excimer Lasers, Femtosecond Lasers, Selective Trabeculoplasty (SLT) Laser, and Diode Lasers among others.
By Application: Refractive Error Correction, Diabetic Retinopathy, Glaucoma Surgery, Age-Related Macular Degeneration (AMD)Treatment, and Cataract surgery among others.
By End-user: Hospitals, Specialty Clinics, and Ambulatory Surgical Centers among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Ophthalmic Lasers Market – Regional Analysis
Globally, North America leads the ophthalmic lasers market owing to the large technological advancements in the region. Moreover, factors such as the increasing ophthalmic disorders along with the rising geriatric population drive the growth of the regional market.
Also, favorable reimbursement policies and government initiatives for the development of the healthcare sector is a key driving factor contributing to market growth. The growing adoption of advanced technology is providing impetus to the growth of the market.
The ophthalmic lasers market in the European region accounts for the second-largest market, globally, owing to the increasing ophthalmic surgeries in the region. Factors such as spreading awareness about the innovative technologies and improvement in the healthcare sector with respect to infrastructure and facilities foster the growth of the regional market.
The Asia Pacific ophthalmic lasers market heading with the ever-increasing population is emerging as a profitable market, globally. Moreover, the rapidly improving economic conditions in the APAC support the growth of the regional market.
Cataract surgery is the most prevalent procedure used, worldwide. However, in developing countries such as China and India manual and sutureless small-incision cataract surgery (SICS) is preferred because of the lower costs of this procedure which further restricts the market growth in the region.
Nevertheless, the adoption of ophthalmic lasers in China and India is at a growing stage. And, soon the market is expected to capture the momentum to grow even faster.
The use of femtosecond lasers has ensured high efficiency along without any collateral tissue damages. The use of these lasers along with computer-controlled optical delivery systems has led to precise incisions without any damage to the surrounding tissues.
Global Ophthalmic Lasers Market – Competitive Analysis
Highly competitive, the global ophthalmic lasers market enjoys the presence of many large and small players which makes the market to appear fragmented. Ophthalmic lasers market is no exception when it comes to adopting strategic trends, to sustain in their market position and to drive the market.
Key players operating in the market adopt the same prevailing strategic initiatives such as merger & acquisition or strategic collaboration and investing in local manufacturers in emerging economies for product developments and manufacturing activities.
Key Players:
Some of the key players in the global ophthalmic lasers market are Carl Zeiss Meditec AG, Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch & Lomb Incorporated, Ocular Instruments, Quantel Inc., Ellex Medical Lasers Limited, Topcon Corporation, Ziemer Ophthalmic Systems AG, Iridex Corporation, Nidek Co., Limited, Lightmed USA, and Lumenis Ltd.
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
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