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Ophthalmic Lasers Market 2019 – Outlook by Growth Rate, Industry Size, Share, Top Key Players, and Development Factors Forecast to 2024

Ophthalmic Lasers

The “Ophthalmic Lasers Market” report 2019 delivers up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

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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.

    Top Key Players of Ophthalmic Lasers Market Are:

  • Alcon Laboratories Inc. (Novartis AG)
  • Johnson & Johnson Surgical Vision Inc.
  • Bausch & Lomb Incorporated (Valeant Pharmaceuticals International Inc.)
  • Ellex Medical Lasers Limited
  • IRIDEX Corporation
  • LIGHTMED
  • Quantel Medical
  • SCHWIND Eye
  • tech
  • solutions
  • Lumenis

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Ophthalmic Lasers Market on the global and regional level.

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    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.

    Ophthalmic Lasers market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Ophthalmic Lasers market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    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.

    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 Report contents include:

    – Analysis of the Ophthalmic Lasers market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Ophthalmic Lasers including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Ophthalmic Lasers Market Report Are:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 High Prevalence of Ophthalmic Disorders
    4.2.2 Increasing Regulatory Approvals for Ophthalmic Lasers
    4.2.3 Increasing Initiatives to Control Visual Impairments
    4.3 Market Restraints
    4.3.1 Huge Cost Associated with Ophthalmic Laser Therapies
    4.3.2 Reduced Availability of Skilled Practitioners
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Diode Lasers
    5.1.2 Femtosecond Lasers
    5.1.3 Excimer Lasers
    5.1.4 Nd:YAG Lasers
    5.1.5 SLT Lasers
    5.1.6 Other Products
    5.2 By Application
    5.2.1 Glaucoma
    5.2.2 Cataract Removal
    5.2.3 Refractive Error Corrections
    5.2.4 Diabetic Retinopathy
    5.2.5 Other Applications
    5.3 By End User
    5.3.1 Hospitals
    5.3.2 Eye Clinics
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Alcon Laboratories Inc. (Novartis AG)
    6.1.2 Johnson & Johnson Surgical Vision Inc.
    6.1.3 Bausch & Lomb Incorporated (Valeant Pharmaceuticals International Inc.)
    6.1.4 Ellex Medical Lasers Limited
    6.1.5 IRIDEX Corporation
    6.1.6 LIGHTMED
    6.1.7 Quantel Medical
    6.1.8 SCHWIND Eye-tech-solutions
    6.1.9 Lumenis

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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