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Ophthalmic Lasers Market: Global Industry Analysis and Opportunity Assessment, 2016-2026

1. Executive Summary
2. Market Introduction
2.1. Ophthalmic Lasers Market Definition
2.2. Ophthalmic Lasers Market Taxonomy
3. Market Dynamics
3.1. Economic Factors
3.2. Drivers
3.2.1. Demand Side
3.2.2. Supply Side
3.3. Restraints
3.4. Opportunity
3.5. Regulatory Scenario
4. Global Ophthalmic Lasers Market Analysis and Forecast, By Product Type
4.1. Introduction
4.1.1. Basis Point Share (BPS) Analysis By Product Type
4.1.2. Y-o-Y Growth Projections By Product Type
4.2. Market Size (US$ Mn) Forecast By Product Type
4.2.1. Photo-coagulation
4.2.2. Photo-disruption
4.2.3. SLT (Selective Laser Trabeculoplasty)
4.3. Market Attractiveness Analysis By Product Type
5. Global Ophthalmic Lasers Market Analysis and Forecast, By Application Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Application Type
5.1.2. Y-o-Y Growth Projections By Application Type
5.2. Market Size (US$ Mn) Forecast By Application Type
5.2.1. Diabetic Retinopathy
5.2.2. Glaucoma Surgery
5.2.3. Cataract Surgery
5.2.4. Others
5.3. Market Attractiveness Analysis By Application Type
6. Global Ophthalmic Lasers Market Analysis and Forecast, By End User
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By End User
6.1.2. Y-o-Y Growth Projections By End User
6.2. Market Size (US$ Mn) Forecast By End User
6.2.1. Hospitals
6.2.2. Ambulatory Surgical Centers
6.2.3. Ophthalmic clinics
6.3. Market Attractiveness Analysis By End User
7. Global Ophthalmic Lasers Market Analysis and Forecast, By Region
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Region
7.1.2. Y-o-Y Growth Projections By Region
7.2. Market Size (US$ Mn) Forecast By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Western Europe
7.2.4. Eastern Europe
7.2.5. Asia Pacific Excl. Japan (APEJ)
7.2.6. Japan
7.2.7. Middle East and Africa (MEA)
7.3. Market Attractiveness Analysis By Region
8. North America Ophthalmic Lasers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.1.3. Key Regulations
8.2. Market Size (US$ Mn) Forecast By Country
8.2.1. U.S.
8.2.2. Canada
8.3. Market Size (US$ Mn) Forecast By Product Type
8.3.1. Photo-coagulation
8.3.2. Photo-disruption
8.3.3. SLT (Selective Laser Trabeculoplasty)
8.4. Market Size (US$ Mn) Forecast By Application Type
8.4.1. Diabetic Retinopathy
8.4.2. Glaucoma Surgery
8.4.3. Cataract Surgery
8.4.4. Others
8.5. Market Size (US$ Mn) Forecast By End User
8.5.1. Hospitals
8.5.2. Ambulatory Surgical Centers
8.5.3. Ophthalmic clinics
8.6. Market Attractiveness Analysis
8.6.1. By Country
8.6.2. By Product Type
8.6.3. By Application Type
8.6.4. By End User
8.7. Prominent Trends
9. Latin America Ophthalmic Lasers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.1.3. Key Regulations
9.2. Market Size (US$ Mn) Forecast By Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Market Size (US$ Mn) Forecast By Product Type
9.3.1. Photo-coagulation
9.3.2. Photo-disruption
9.3.3. SLT (Selective Laser Trabeculoplasty)
9.4. Market Size (US$ Mn) Forecast By Application Type
9.4.1. Diabetic Retinopathy
9.4.2. Glaucoma Surgery
9.4.3. Cataract Surgery
9.4.4. Others
9.5. Market Size (US$ Mn) Forecast By End User
9.5.1. Hospitals
9.5.2. Ambulatory Surgical Centers
9.5.3. Ophthalmic clinics
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Product Type
9.6.3. By Application Type
9.6.4. By End User
9.7. Prominent Trends
10. Western Europe Ophthalmic Lasers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country / Region
10.1.2. Y-o-Y Growth Projections By Country
10.1.3. Key Regulations
10.2. Market Size (US$ Mn) Forecast By Country / Region
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. Spain
10.2.5. U.K.
10.2.6. BENELUX
10.2.7. Rest of Western Europe
10.3. Market Size (US$ Mn) Forecast By Product Type
10.3.1. Photo-coagulation
10.3.2. Photo-disruption
10.3.3. SLT (Selective Laser Trabeculoplasty)
10.4. Market Size (US$ Mn) Forecast By Application Type
10.4.1. Diabetic Retinopathy
10.4.2. Glaucoma Surgery
10.4.3. Cataract Surgery
10.4.4. Others
10.5. Market Size (US$ Mn) Forecast By End User
10.5.1. Hospitals
10.5.2. Ambulatory Surgical Centers
10.5.3. Ophthalmic clinics
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. By Product Type
10.6.3. By Application Type
10.6.4. By End User
10.7. Prominent Trends
11. Eastern Europe Ophthalmic Lasers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projections By Country
11.1.3. Key Regulations
11.2. Market Size (US$ Mn) Forecast By Country
11.2.1. Russia
11.2.2. Poland
11.2.3. Rest of Eastern Europe
11.3. Market Size (US$ Mn) Forecast By Product Type
11.3.1. Photo-coagulation
11.3.2. Photo-disruption
11.3.3. SLT (Selective Laser Trabeculoplasty)
11.4. Market Size (US$ Mn) Forecast By Application Type
11.4.1. Diabetic Retinopathy
11.4.2. Glaucoma Surgery
11.4.3. Cataract Surgery
11.4.4. Others
11.5. Market Size (US$ Mn) Forecast By End User
11.5.1. Hospitals
11.5.2. Ambulatory Surgical Centers
11.5.3. Ophthalmic clinics
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Product Type
11.6.3. By Application Type
11.6.4. By End User
11.7. Prominent Trends

Ophthalmic Lasers Market: Global Industry Analysis and Opportunity Assessment, 2016-2026

Ophthalmic laser is novel medical device that involves a laser beam source that is used to target the ophthalmic cells to treat several ophthalmic diseases and disorders such as diabetic retinopathy, cataract, glaucoma, macular oedema, retinal tears, etc. The selection of laser depends on the specific ophthalmic condition; for example, green lasers are used for photocoagulation usually required in diabetic retinopathy. The SLT lasers that involves Q switched YAG lasers with double frequency are used to treat open angle glaucoma. In terms of revenue, the global ophthalmic lasers market is anticipated to register a CAGR of 4.8% during the forecast period (2016 – 2026) and is projected to be valued at US$ 697.1 Mn by the end of 2026.

Increase in ophthalmic care expenditure and advancements in laser technology likely to boost market growth

Revenue growth of the global ophthalmic lasers market is primarily driven by an increasing incidence of glaucoma leading to an upsurge in the number of laser procedures and an increasing geriatric population prone to cataract. Additionally, increasing government provision in developed economies and constructive reimbursement policies is expected to fuel market growth over the forecast period. However, high costs associated with ophthalmic lasers and replacement of current ophthalmic laser technology with advanced technologies might hinder the growth of the global ophthalmic lasers market over the forecast period.

Market segmentation

By Product Type

By Disease Type

By End User

By Region

Photo-coagulation Lasers

Photo-disruption Lasers

Selective Laser Trabeculoplasty

Diabetic Retinopathy

Glaucoma Surgery

Cataract Surgery

Others

Hospitals

Ambulatory Surgical Centres

Ophthalmic Clinics

North America

Latin America

Western Europe

Eastern Europe

APEJ

Japan

MEA

Selective Laser Trabeculoplasty product type segment to account for highest market share by 2016 end

The Selective Laser Trabeculoplasty segment is anticipated to hold the highest market share of 46.6% of the global ophthalmic lasers market by 2016 end. The Photo-coagulation Lasers segment is expected to hold the second highest market share of the global ophthalmic lasers market by 2016 end. The Photo-coagulation Lasers segment is expected to witness relatively higher growth rates in the global ophthalmic lasers market over the forecast period.

Glaucoma Surgery disease type segment estimated to grow at a faster rate over the forecast period

In terms of revenue share, the Glaucoma Surgery segment dominated the global ophthalmic lasers market in 2015 and is expected to dominate throughout the forecast period, registering a CAGR of 5.5% between 2016 and 2026. The Diabetic Retinopathy segment is anticipated to double in value by 2026 as compared to 2016.

Ophthalmic Clinics end user segment expected to be the most lucrative segment throughout the forecast period

The Ophthalmic Clinics segment was valued at US$ 188.6 Mn in 2015 and is estimated to reach US$ 197.1 Mn by 2016 end, with a Y-o-Y growth rate of 4.5%. The Ambulatory Surgical Centres segment is anticipated to register a CAGR of 5.0% during the forecast period.

North America is expected to dominate the global market in terms of revenue

In terms of value, North America is expected to be the dominant regional market by 2016 end and is expected to register a CAGR of 5.7% over the forecast period. Western Europe is estimated to account for the second highest market share in the global ophthalmic lasers market in 2016. The APEJ ophthalmic lasers market is expected to register a CAGR of 4.7% over the forecast period.

ophthalmic lasers market

Key market players are investing significantly in R&D initiatives to provide innovative ophthalmic solutions

Some key players operating in the global ophthalmic lasers market are Ellex Medical PTY Ltd., Lumenis Ltd., IRIDEX Corporation, ZEISS International, NIDEK CO. LTD., Novartis AG, Topcon Corporation, and Quantel SA. Top market companies are focussing on developing new technologies to aid in seamless ophthalmic surgeries and are looking to penetrate new and emerging markets through strategic acquisitions. Lumenis Ltd. held the maximum market share of 14.5% in 2015 in the global ophthalmic lasers market owing to a wide range of well-established products. Ellex Medical PTY Ltd. held the second highest market share, accounting for approximately 14.4% of the global ophthalmic lasers market. IRIDEX Corporation held the third highest market share of 14.3% in 2015.


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