Ophthalmic Lasers Market - Growth, Trends, and Forecast (2019-2024)

The market is segmented by Product (Diode Lasers, Femtosecond Lasers, Excimer Lasers, Nd:YAG lasers, SLT Lasers, and Other Products), Application, End User, and Geography

Market Snapshot

Ophthalmic Lasers Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The ophthalmic lasers market is expected to register a CAGR of 4.9%, over the forecast period. Factors that are responsible for the growth of this market include high prevalence of ophthalmic disorders, increasing initiatives to control visual impairment, and increasing regulatory approvals for ophthalmic lasers.

FDA is aware that there has been, and continues to be, a considerable amount of research activity in the ophthalmic lasers arena. Hence, several number of eye lasers are receiving regulatory approvals, which help in driving the ophthalmic lasers market. In 2016, the China Food and Drug Administration (China FDA) had granted regulatory approval for the Ellex Medical Lasers Limited’s complete portfolio of glaucoma, vitreous floaters, and secondary cataract treatment lasers (collectively referred to as the “YAG laser” portfolio) in the Chinese market. With the company’s proprietary YAG laser portfolio now available to all ophthalmologists in China, the approval by China FDA had directly increased the sales in China, in 2017. Therefore, it is marked as an important milestone to expand its presence in the fast-growing market of Asia. Thus, the increase in regulatory approvals helps in driving the growth of the ophthalmic lasers market.

Scope of the Report

The ophthalmic laser is a medical device, which is used to target ophthalmic cells, in order to operate the ophthalmic disorders. Ophthalmic lasers are used for treating a wide range of eye problems. It is used in a variety of ophthalmic disorder procedures that include cataract surgery, laser trabeculoplasty, retinal photocoagulation, and laser iridotomy. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools have increased the demand for ophthalmic lasers in the market.

By Product
Diode Lasers
Femtosecond Lasers
Excimer Lasers
Nd:YAG Lasers
SLT Lasers
Other Products
By Application
Glaucoma
Cataract Removal
Refractive Error Corrections
Diabetic Retinopathy
Other Applications
By End User
Hospitals
Eye Clinics
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Refractive Error Corrections is Expected to Hold the Highest Revenue in the Application Segment

In the application segment of the ophthalmic lasers market, refractive error corrections are projected to have the largest revenue during the forecast period. This is majorly due to the factors, such as the escalating number of refractive error cases among, both, children and adult population. Furthermore, increase in the application of femtosecond lasers in refractive error surgeries is helping in the growth of this segment.

Ophthalmic Lasers Market

To understand key trends, Download Sample Report

North America Dominates the Market and is Expected to do Same during the Forecast Period

Currently, North America dominates the market for ophthalmic lasers, and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share, owing to the increasing incidence rates of ophthalmic problems and increasing healthcare expenditure in the country, as well as the development of sophisticated healthcare infrastructure in the country.

Ophthalmic Lasers Market

To understand geography trends, Download Sample Report

Competitive Landscape

The ophthalmic market is moderately competitive and consists of several major players. In terms of the market share, few of the major players currently dominate the market. With rising incience of ophthalmic cases and increasing geriatric population, few other smaller players are expceted to enter the market. Some of the major players of the market are Alcon Laboratories Inc. (Novartis AG), Johnson & Johnson Surgical Vision Inc., Bausch & Lomb Incorporated (Valeant Pharmaceuticals International Inc.), Ellex Medical Lasers Limited, and IRIDEX Corporation, among others.

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 High Prevalence of Ophthalmic Disorders

      2. 4.2.2 Increasing Regulatory Approvals for Ophthalmic Lasers

      3. 4.2.3 Increasing Initiatives to Control Visual Impairments

    3. 4.3 Market Restraints

      1. 4.3.1 Huge Cost Associated with Ophthalmic Laser Therapies

      2. 4.3.2 Reduced Availability of Skilled Practitioners

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Diode Lasers

      2. 5.1.2 Femtosecond Lasers

      3. 5.1.3 Excimer Lasers

      4. 5.1.4 Nd:YAG Lasers

      5. 5.1.5 SLT Lasers

      6. 5.1.6 Other Products

    2. 5.2 By Application

      1. 5.2.1 Glaucoma

      2. 5.2.2 Cataract Removal

      3. 5.2.3 Refractive Error Corrections

      4. 5.2.4 Diabetic Retinopathy

      5. 5.2.5 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Eye Clinics

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alcon Laboratories Inc. (Novartis AG)

      2. 6.1.2 Johnson & Johnson Surgical Vision Inc.

      3. 6.1.3 Bausch & Lomb Incorporated (Valeant Pharmaceuticals International Inc.)

      4. 6.1.4 Ellex Medical Lasers Limited

      5. 6.1.5 IRIDEX Corporation

      6. 6.1.6 LIGHTMED

      7. 6.1.7 Quantel Medical

      8. 6.1.8 SCHWIND Eye-tech-solutions

      9. 6.1.9 Lumenis

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information