Introduction
The global excimer and femtosecond ophthalmic lasers market is expected to reach a market value of US$ 666 Mn by 2026.Adoption of femtosecond and excimer lasers will continue to be driven by demand for refractive and cataract surgeries. While North America will continue to be the largest market for femtosecond and excimer lasers, demand in China is anticipated to remain robust during the forecast period 2016-2026. The key takeaways from Future Market Insights’ report on the global femtosecond and excimer ophthalmic lasers market are,
- Femtosecond laser assisted cataract surgery (FLACS) is robustly gaining traction as a safe and effective treatment option for geriatric patients. Femtosecond lasers are replacing hand-held surgical tools, such as corneal incision, anterior capsulotomy, and cataract fragmentation, resulting into improved accuracy and precision.
- Key players in the excimer and femtosecond lasers market are introducing flapless procedures, such as Small Incision Lenticule Extraction (SMILE) to treat refractive errors, such as myopia, hypermyopia, presbyopia, and astigmatism.
- Mergers and acquisitions will massively influence the market during the forecast period 2016-2026. As advancements in technology have a bearing on the market, leading players are making a foray into the market through acquiring niche companies; for example, in 2010, Alcon, Inc. acquired LenSx Lasers, Inc. – a privately held company that developed the first femtosecond laser to receive U.S. FDA approval. Also, in 2013, Abbott acquired OptiMedica, and through this acquisition, Abbott Labs’ vision care expanded into the femtosecond laser-assisted cataract surgery market.
Global Excimer Laser Price Forecast by Region (2015)
- Japan - 435,700
- Western Europe - XX
- Middle East & Africa - XX
- North America - XX
- Latin America - XX
- Eastern Europe - XX
- Asia Pacific - XX
- South Korea - XX
- China - 215,000
Global Excimer and Femtosecond Ophthalmic Laser Company Share Analysis (2015)
- Abbott Medical Optics- 34
- Alcon - XX
- Carl Zeiss - XX
- Bausch and Lomb - XX
- Ziemer Ophthalmic Systems - XX
- Others - XX
Excimer Lasers vis-à-vis Femtosecond Lasers
Demand for excimer lasers will continue to be higher than femtosecond lasers during the forecast period; however, the latter will gain market share from the former during the forecast period. Excimer lasers account for a market share of over 63% currently; by the end of forecast period, this is expected to decline by 660 BPS. Increasing adoption of cataract surgery, combined with introduction of advanced femtosecond laser technology is expected to fuel demand for femtosecond lasers during the forecast period.
While the global excimer ophthalmic lasers market is expected to increase at less than 4% CAGR through 2026, femtosecond laser market revenues are projected to expand at over 6.5%. However, an important thing to note here is that excimer lasers will continue to dominate the ophthalmic lasers market throughout the forecast period.
Excimer and Femtosecond Ophthalmic Lasers Market: Application
Demand for excimer and femtosecond lasers will continue to be strongest in refractive surgery. By application type, refractive surgery currently accounts for nearly 70% revenue share of the market and adoption of excimer and femtoseconds will gain further traction over the forecast period. Cataract surgery will remain the other dominant application segment, while capsulotomy, trabeculoplasty, and diagnostic application segments will hold less than 10% revenue share of the market.
End-user Analysis on Excimer and Femtosecond Ophthalmic Lasers Market
Hospitals, ambulatory surgical centres, and ophthalmology clinics are the three largest end-users of excimer and femtosecond lasers. Among these, ophthalmology clinics account for the highest revenue share of the market. This segment is anticipated to be valued at US$ 305 Mn in 2017 and surpass US$ 500 Mn in revenues by 2026.
Key Segments Covered
Product Type
- Excimer Laser
- Femtosecond Laser
By Application
- Refractive Surgery
- Cataract Surgery
- Capsulotomy
- Trabeculoplasty
- Diagnostics
By End-User
- Hospital
- Ambulatory Surgical Centers
- Ophthalmology Clinics
Key Regions/Countries Covered?
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Rest of Latin America
- Western Europe
- Germany
- UK
- Italy
- Spain
- Nordic Countries
- BENELUX
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific Ex. Japan China & South Korea
- ASEAN
- India
- Australia and New Zealand
- Rest Of APEJ
- Japan
- China
- South Korea
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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