Ophthalmic Lasers Market by Type (Photodisruption Lasers, Selective Laser Trabeculoplasty (SLT), and Photocoagulation Lasers), Product (Femtosecond Lasers, Excimer Lasers, Nd:YAG Lasers, Diode Lasers, and Others), Application (Refractive Error, Cataract Surgery, Glaucoma Surgery, and Others), and End User (Hospitals, Ambulatory Service Centers, and Clinics): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global ophthalmic lasers market was valued at $1,207.81 million in 2020, and is projected to reach $1,909.71 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
A laser is a device that emits light and works on the principle of optical amplification based on stimulated emission of electromagnetic radiation. At present, lasers are highly adopted in the area of medicine for treatment of various diseases. Moreover, these are adopted rapidly in ophthalmology procedures due to their positive results during an eye surgery.
The increase in number of eye-related diseases, such as glaucoma, cataract, refractive errors, and diabetic retinopathy drive the growth of the market. Moreover, the advancements in laser technology and increase in awareness of laser applications in the area of ophthalmology also contribute toward the growth of the market. However, stringent safety regulations and high rate of failure are expected to hinder the market growth. Conversely, the large unmet need for new treatment options of ocular diseases with aim to reduce the economic cost burden is expected to offer lucrative opportunities for market expansion during the forecast period.
The ophthalmic lasers market is segmented on the basis of type, product, application, end user and region. Based on type, the market is segmented into photodisruption lasers, selective laser trabeculoplasty (SLT), and photocoagulation lasers. Based on product, the market is segmented into femtosecond lasers, excimer lasers, Nd:YAG lasers, diode lasers, and others. Based on application, the market is segmented into refractive error, cataract surgery, glaucoma surgery, and others. On the basis of end user, it is categorized into hospitals, ambulatory service centers, and clinics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the ophthalmic lasers market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By TYPE
Photodisruption Lasers
Selective Laser Trabeculoplasty (SLT
Photocoagulation Lasers
By PRODUCT
Femtosecond Lasers
Excimer Lasers
Nd:YAG Lasers
Diode Lasers
Others
By APPLICATION
Refractive Error
Cataract Surgery
Glaucoma Surgery
Others
By END USER
Hospitals
Ambulatory Service Centers
Eye Clinics
By REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Carl-Zeiss-Stiftung
Iridex Corporation
JOHNSON & JOHNSON
LightMed Corporation
Lumenis Be Ltd.
Lumibird Group
NIDEK CO., LTD
Novartis International AG
Topcon Corporation
Ziemer Ophthalmic Systems AG
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