Global Laser Filter Protection Market 2016-2020
About Laser Filter
Laser filter protection or laser safety goggles are used to protect workers from exposure to lasers during manufacturing, laboratory processes, and others. Depending on the type of laser, different types of laser filter protection are used.
Technavio’s analysts forecast the global laser filter protection market to grow at a CAGR of 5.50% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global laser filter protection market for 2016-2020. Vendors are identified based on their revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and R&D.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laser Filter Protection Market 2016-2020
Technavio recognizes the following companies as the key players in the global laser filter protection market: Honeywell, Phillips Safety Products, uvex, Cambridge Lasers Laboratories, DiOptika, Global Laser, Infield Safety, Innovative Optics, Kentek, Lasermet, Laser Safety Industries, NoIR Laser Company, Standa, SurgiTel, Thorlabs, Univet Optical Technologies, and VS Eyewear.
Commenting on the report, an analyst from Technavio’s team said: “Laser marking for medical applications will be a key trend for market growth. Laser marking, another traditional method of marking, employs either CO2 or solid-state lasers operating in the infrared. This is a thermal interaction where material is heated until it carbonizes, bleaches, or ablates to produce a color contrast. However, the heat can cause chemical reactions in the contents in the pills or produce surface relief. Bacterial growth on this surface may be difficult to clean. Although ultraviolet diode-pumped solid-state lasers can overcome all drawbacks of other technologies, their adoption in the past has been limited by their high cost.”
According to the report, one of the key drivers for market growth will be refractive surgery as a substitute for eyeglasses. In the US, nearly 580,000 refractive surgeries were carried out in 2014. Surgery is more cost-effective for consumers as nearly 55% of those who undergo corrective surgery need not use any corrective devices for around five years after the surgery. The rise in the number of expert surgeons, coupled with the decreasing cost of these surgeries will further stimulate the refractive surgery market. The number of optometrists and ophthalmologists are forecast to increase, and many of these professionals are expanding their portfolio of services to include refractive surgery.
Further, the report states that comfort and fit constitute the key challenge for vendors in the market. Non-compliance is also of key concern to employers, especially those in developed regions. Due to the stringent worker safety regulations in these regions, employers in developed regions suffer legal and monetary consequences of employee injuries. Vendors in the market also face the challenge of low adoption of laser safety eyewear in emerging markets. These regions often lack stringent employee safety regulations, which affects the vast majority (around 80%) of the labor force that operates in the unorganized sector. So, the failure to adhere to the laser safety regulations exposes employees to health hazards.
Honeywell, Phillips Safety Products, uvex, Cambridge Lasers Laboratories, DiOptika, Global Laser, Infield Safety, Innovative Optics, Kentek, Lasermet, Laser Safety Industries, NoIR Laser Company, Standa, SurgiTel, Thorlabs, Univet Optical Technologies, and VS Eyewear.