Global Ophthalmology Lasers Market Size, Trends and Growth Opportunity, By Product (Excimer Lasers, Nd: YAG Lasers, Femtosecond Lasers, Diode Lasers, and Others), By Type (Photodisruption Lasers, Selective Laser Trabeculoplasty (SLT), and Photocoagulation Lasers), By Application (Diagnostics and Therapeutics), By Gases (Noble Gas, Halogen Gas, Buffer Gas, and Others), By End User (Hospitals, Clinics, and Others), By Region and forecast till 2030.
Report ID : IR1002442 | Industries : Healthcare | Published On :June 2024 | Page Count : 245
Global Ophthalmology Lasers Market Size, Trends and Growth Opportunity, By Product (Excimer Lasers, Nd: YAG Lasers, Femtosecond Lasers, Diode Lasers, and Others), By Type (Photodisruption Lasers, Selective Laser Trabeculoplasty (SLT), and Photocoagulation Lasers), By Application (Diagnostics and Therapeutics), By Gases (Noble Gas, Halogen Gas, Buffer Gas, and Others), By End User (Hospitals, Clinics, and Others), By Region and forecast till 2030.
Global Ophthalmology Lasers Market
The Global Ophthalmology Lasers Market was valued at USD 2,155.99 million in 2022 and is slated to reach USD 3,479.05 million by 2030 at a CAGR of 6.5% from 2023-2030.
Lasers used in ophthalmology are specialised medical equipment that produces laser-focused light beams to treat a variety of eye problems. These lasers are frequently used in ophthalmology to carry out various procedures, such as curing visual problems, addressing refractive errors, and taking care of various eye diseases. The widespread occurrence of many ophthalmic disorders, including glaucoma, cataracts, and other problems affecting vision, led to the devices' increased importance and adoption.
Market Drivers
In recent years, the prevalence of both chronic and contagious eye disorders has increased, according to the discipline of ophthalmology. The ageing of the population, rising urbanisation, shifting lifestyles, and increased exposure to environmental toxins are some of the main factors behind this trend. Age-Related Macular Degeneration (AMD) is one of the most prevalent chronic eye conditions. The macula, a little area of the retina that is crucial for central vision, is damaged in AMD, the most common cause of blindness in persons over 60. It is anticipated that as the world's population ages, AMD prevalence would rise. Glaucoma is a further chronic eye condition that is spreading. It is possible to become blind as a result of a series of eye conditions known as glaucoma that harm the optic nerve. Regular eye exams are essential for the early detection and treatment of this condition because it frequently has no symptoms until it has advanced. Consumer awareness of laser therapy has grown, which is good news for the global market for ophthalmic lasers. Technology developments, easier access to information, and a stronger focus on patient education are a few reasons that have influenced this trend. The creation of new laser systems that offer better accuracy, faster recovery times, and better results is one of the key factors contributing to an increase in customer awareness. From simple refractive defects to more complicated retinal abnormalities, these devices are successful in treating a variety of eye ailments.
Patients are becoming more and more interested in these procedures and are looking for ophthalmologists who are skilled in using them. The availability of information on ophthalmology lasers is another aspect that contributes to improved awareness. Patients may easily find information about the various available laser therapies, their advantages, and potential hazards online. Due to the demystification of laser therapies and increased patient accessibility as a result, the market is anticipated to develop. Following the invention of laser technology, the area of ophthalmology has experienced breakthroughs. The worldwide ophthalmology lasers market offers a sizable opportunity for expansion due to the rising popularity of outpatient procedures. Medical operations known as "outpatient procedures" don't need a hospital stay overnight. An outpatient clinic, ambulatory surgery centre, or physician's office can all carry out these treatments. So, it is anticipated that the market will rise as outpatient operations become more popular.
Market Restraints
Refractive surgery, cataract surgery, and glaucoma therapy are just a few of the treatments that ophthalmology lasers are utilised for. However, these lasers must be handled by experts if they are to be used effectively. A lack of these specialists may result in mistakes, complications, and unfavourable outcomes, which may injure patients and tarnish the reputation of the field. The intricacy of the technology and the procedures required is the primary cause of the shortage of competent professionals. The training needed to become proficient in using ophthalmology lasers can be time-consuming and expensive, and it requires specialised knowledge and experience. The treatments themselves are frequently difficult and demand a great level of skill and precision as well. Therefore, the market for ophthalmology lasers will experience slower growth due to a scarcity of competent specialists. The market will face additional challenges over the forecast period as a result of strict rules and regulations.
Impact of COVID-19
The decline in patient visits to hospitals and other healthcare institutions is a major factor influencing the market for ophthalmology lasers. Many individuals have been putting off trips to hospitals and clinics until they are required as a result of the pandemic. The demand for ophthalmology lasers has been impacted by the decrease in patients having ocular procedures and treatments as a result of this. Delaying elective operations is another factor. The treatment of COVID-19 patients and efforts to lower infection risk has caused many hospitals and clinics to postpone non-emergency surgeries, including eye surgeries. The demand for ophthalmology lasers has decreased as a result of this. Market growth for ophthalmology lasers has been hampered by supply chain problems. Production and supply of ophthalmic lasers have been influenced by limitations on the cross-border movement of people and goods. Due to these factors, goods deliveries have been delayed and transportation costs have gone up.
Recent Development
Alcon, a leader in eye care and a company committed to enabling people to see brilliantly, revealed in November 2022 that it had successfully acquired Aerie Pharmaceuticals, Inc. With its expanding portfolio of commercial products and development pipeline, this deal enhances Alcon's footprint in the ophthalmic pharmaceutical industry.
When MOJAVE, the second pivotal Phase 3 study for NOV03 (perfluorohexyloctane), published its findings in the American Journal of Ophthalmology in March 2023, Bausch + Lomb Corporation and Novaliq GmbH declared that it had been a pivotal Phase 3 trial. The treatment of Dry Eye Disease (DED) and Meibomian Gland Dysfunction (MGD) symptoms and signs with NOV03 is under investigation. At the beginning of this year, the American Journal of Ophthalmology released the findings from the first pivotal Phase 3 trial, GOBI.
Market Segmentation
Global Ophthalmology Lasers Market is segmented into Product, Type, Application, Gases and End-User. By Products such as Femtosecond Lasers, Excimer Lasers, Nd: YAG Lasers, Diode Lasers, and Others. By Types such as Photodisruption Lasers, Selective Laser Trabeculoplasty (SLT), and Photocoagulation Lasers. By Applications such as Diagnostics, Therapeutics. By Gases such as Noble gas, Halogen gas, Buffer gas, and Others. By End-User such as Hospitals, Clinics, and Others.
Regional Analysis
Global Ophthalmology Lasers Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Regarding market revenue and share, North America is anticipated to continue to dominate the worldwide ophthalmology lasers market. This dominance is projected to last during the forecast period. This is a result of the region's high frequency of ophthalmic illnesses and the quick pace of research advancement, which is driving the market.
Key Players
This report includes a list of numerous Key Players, namely NIDEK CO., LTD., iVIS Technologies, SCHWIND eye-tech-solutions, ARC Laser GmbH, Calmar Laser, LENSAR, INC., OD-OS, Quantel Medical (Subsidiary of Lumibird Medical), Aurolab, Alcon, Ziemer Ophthalmic Systems AG.
Market Taxonomy
By Product
• Femtosecond Lasers
• Excimer Lasers
• Nd: YAG Lasers
• Diode Lasers
• Others
By Type
• Photodisruption Lasers
• Selective Laser Trabeculoplasty (SLT)
• Photocoagulation Lasers
By Application
• Diagnostics
• Therapeutics
By Gases
• Noble gas
• Halogen gas
• Buffer gas
• Others
By End User
• Hospitals
• Clinics
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Ophthalmology Lasers Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ophthalmology Lasers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ophthalmology Lasers Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Ophthalmology Lasers Market Share Analysis, By Product
5.3 Global Ophthalmology Lasers Market Size and Forecast, By Product
5.3.1 Femtosecond Lasers
5.3.2 Excimer Lasers
5.3.3 Nd: YAG Lasers
5.3.4 Diode Lasers
5.3.5 Others
6 Global Ophthalmology Lasers Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Ophthalmology Lasers Market Share Analysis, By Application
6.3 Global Ophthalmology Lasers Market Size and Forecast, By Application
6.3.1 Diagnostics
6.3.2 Therapeutics
7 Global Ophthalmology Lasers Market, By End-Use
7.1 Y-o-Y Growth Comparison, By End-Use
7.2 Global Ophthalmology Lasers Market Share Analysis, By End-Use
7.3 Global Ophthalmology Lasers Market Size and Forecast, By End-Use
7.3.1 Hospitals
7.3.2 Clinics
7.3.3 Others
8 Global Ophthalmology Lasers Market, By Gases
8.1 Y-o-Y Growth Comparison, By Gases
8.2 Global Ophthalmology Lasers Market Share Analysis, By Gases
8.3 Global Ophthalmology Lasers Market Size and Forecast, By Gases
8.3.1 Noble gas
8.3.2 Halogen gas
8.3.3 Buffer gas
8.3.4 Others
9 Global Ophthalmology Lasers Market, By Type
9.1 Y-o-Y Growth Comparison, By Type
9.2 Global Ophthalmology Lasers Market Share Analysis, By Type
9.3 Global Ophthalmology Lasers Market Size and Forecast, By Type
9.3.1 Photodisruption Lasers
9.3.2 Selective Laser Trabeculoplasty (SLT)
9.3.3 Photocoagulation Lasers
10 Global Ophthalmology Lasers Market, By Region
10.1 Global Ophthalmology Lasers Market Share Analysis, By Region
10.2 Global Ophthalmology Lasers Market Share Analysis, By Region
10.3 Global Ophthalmology Lasers Market Size and Forecast, By Region
11 North America Ophthalmology Lasers Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Ophthalmology Lasers Market Share Analysis, By Product
11.3 North America Ophthalmology Lasers Market Size and Forecast, By Application
11.4 North America Ophthalmology Lasers Market Size and Forecast, By End-Use
11.5 North America Ophthalmology Lasers Market Size and Forecast, By Gases
11.6 North America Ophthalmology Lasers Market Size and Forecast, By Type
11.7 North America Ophthalmology Lasers Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Ophthalmology Lasers Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Ophthalmology Lasers Market Share Analysis, By Product
12.3 Europe Ophthalmology Lasers Market Size and Forecast, By Application
12.4 Europe Ophthalmology Lasers Market Size and Forecast, By End-Use
12.5 Europe Ophthalmology Lasers Market Size and Forecast, By Gases
12.6 Europe Ophthalmology Lasers Market Size and Forecast, By Type
12.7 Europe Ophthalmology Lasers Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Ophthalmology Lasers Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Ophthalmology Lasers Market Share Analysis, By Product
13.3 Asia Pacific Ophthalmology Lasers Market Size and Forecast, By Application
13.4 Asia Pacific Ophthalmology Lasers Market Size and Forecast, By, End-Use
13.5 Asia Pacific Ophthalmology Lasers Market Size and Forecast, By Gases
13.6 Asia Pacific Ophthalmology Lasers Market Size and Forecast, By Type
13.7 Asia Pacific Ophthalmology Lasers Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Ophthalmology Lasers Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Ophthalmology Lasers Market Share Analysis, By Product
14.3 Latin America Ophthalmology Lasers Market Size and Forecast, By Application
14.4 Latin America Ophthalmology Lasers Market Size and Forecast, By, End-Use
14.5 Latin America Ophthalmology Lasers Market Size and Forecast, By, Device Architecture
14.6 Latin America Ophthalmology Lasers Market Size and Forecast, By, Type
14.7 Latin America Ophthalmology Lasers Market Size and Forecast, Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Ophthalmology Lasers Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Ophthalmology Lasers Market Share Analysis, By Product
15.3 Middle East Ophthalmology Lasers Market Size and Forecast, By Application
15.4 Middle East Ophthalmology Lasers Market Size and Forecast, By End-Use
15.5 Middle East Ophthalmology Lasers Market Size and Forecast, By Gases
15.6 Middle East Ophthalmology Lasers Market Size and Forecast, By Type
15.7 Middle East Ophthalmology Lasers Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 NIDEK CO., LTD
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 iVIS Technologies
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 SCHWIND eye-tech-solutions
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 ARC Laser GmbH
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Calmar Laser
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 LENSAR, INC
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 OD-OS
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Quantel Medical (Subsidiary of Lumibird Medical)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Aurolab
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Alcon
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies