Ophthalmic Lasers Market

Ophthalmic Lasers Market: Glaucoma Surgery Disease Type Segment Estimated to Grow at a Faster Rate: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-10-25
  • REP-GB-1529
  • 174 pages
  • PDF PPT EXCEL
Ophthalmic Lasers Market

An Incisive, In-depth Analysis on the Ophthalmic Lasers Therapeutic Market

This study offers a comprehensive, 360 degree analysis on the Ophthalmic Lasers Therapeutic market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ophthalmic Lasers Therapeutic market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Major Market Share Held by Global Manufacturers

Ophthalmic lasers market is largely dominated by multinational manufactures who are competing on the basis of product development strategies such as increased functionality, multiple frequency selection and others in the ophthalmic lasers market. The consolidated nature of the ophthalmic lasers market increases the price and the profitability of the business. The limited competition in the global ophthalmic lasers market has hampered the volume growth of the ophthalmic lasers market. Global companies are fetching benefits from their specialized supply chain and large marketing platform over the ophthalmic lasers products manufactured by smaller regional companies, which have increased the revenue opportunities for global manufacturers. Companies such as Lumenis Ltd., IRIDEX Corporation, Novartis AG, Topcon Corporation, Quantel SA, hold a major revenue share in the global ophthalmic lasers market.

Product Development a Key to Market Dominance

Companies are continuously making efforts to launch novel product lines for ophthalmic lasers. The major focus is seen on functionality with latest products incorporating multi-frequency selection mode and shorter exposure to intense laser bursts to reduce the heating effect. Future products are expected to be armed with Internet of Things (IoT). Further, the companies operating in ophthalmic lasers market are collaborating with distributors and other companies to increase the penetration of their products in the ophthalmic lasers market. A growing product complexity coupled with shortened development times is the most consistent trend in the global ophthalmic lasers market. The dynamics of these two contradictory trends is imposing a 'make or buy' decision on the manufacturers. Thus, outsourcing of production is expected to be the major market trend taking advantage of economies of labor and global supply chains.

More than 90% of optics and photonics companies are small enterprises serving the demands of larger players. The large global vendors earn over 80% of the revenue and market fragmentation due to outsourcing.

Collaboration Seen as an Important Element in the Low Volume–High Value Market

The low volume–high value nature of the ophthalmic lasers market has negated the production location of the product as a factor in the final price of product owing to the negligible share of the shipping cost relative to the final product. Players of ophthalmic lasers market are focusing on collaboration and marketing to improve distribution efficiencies. Allergan announced a strategic partnership with Allegiance Santé, a subsidiary of Cardinal Health, in Europe, Africa and the Middle East. The agreement outsources the marketing of its products in these regions to Allegiance Santé, where it has a strong marketing presence.

Strong Sales Channel and Brand Equity in Europe

European ophthalmic lasers market is expected to be the immediate larger market owing to ageing of the population and the larger hospitalization rates in Europe. Bausch & Lomb acquired Chauvin a major French ophthalmic company owing to its strong cataract product line and presence in Europe. The strategic nature of the market, its cross functionality and the growing production capacity is the prime factor behind the acquisitions in Europe. The poor outlook of the semiconductor fabrication sector in the U.S. in the last few years with negative growth is another factor for the acquisitions in Europe.

Entry of New Players with Complimentary Technology and Skills

There was a considerable slowdown in the defense electronics industry owing to defense spending cuts by the U.S. during recession. However, the impressive performance of medical electronics drew the attention of larger players who began to understand the importance of diversification to improve the resilience of business to economic downturns. Thus, influx of companies from the defense sector is expected drive the growth of the global ophthalmic lasers market. There was an impressive sales of ophthalmic lasers in 2016. For example, Lumenis one of the world's largest energy-based medical device companies for surgical, aesthetic, and ophthalmic applications, which registered its 8th consecutive quarter of year-over-year revenue growth of 9.3% in 2016. Lumenis was acquired in 2015 by investment firm XIO Group for an estimated US$ 510 million. Lumenis also possessed an impressive intellectual property in form of intense pulsed light (IPL) technology for dry eye and rosacea, OtoLase for middle-ear surgery, and fractional CO2 lasers for dermatitis and ENT conditions.

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Competitive Landscape

The competition section of the ophthalmic lasers market features profiles of the key players operating in the industry based on their ophthalmic lasers market shares, differential strategies, product offerings, marketing approach and company dashboard. Some of the key players featured in this report include Ellex Medical PTY Ltd., Lumenis Ltd., IRIDEX Corporation, NIDEK CO., LTD., Novartis AG, Topcon Corporation, and Quantel SA, among others.

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Definition

Ophthalmic Lasers are devices used to treat several ophthalmic disorders including diabetic retinopathy, glaucoma, cataract and several other diseases. This report analyses the total revenue generated through sales of ophthalmic lasers, which includes photo-coagulation, photo-disruption and SLT lasers. The report also analyses the trends in the ophthalmic lasers market over the forecast period. The lasers that are not to be considered into the report are aesthetic lasers, femtosecond laser and excimer lasers.

About the Report

FMI conducted a research study on ophthalmic lasers market for the forecast period 2018 to 2022. The ophthalmic lasers market report offers a comprehensive evaluation of the business opportunities prevailing in the ophthalmic lasers market along with insights on the ophthalmic lasers sales trend, disease incidences, and awareness level for ophthalmic lasers market competition. The report elaborates on the macroeconomic factors influencing the dynamics of ophthalmic lasers market and its futuristic potential.

ophthalmic lasers market

Segmentation

The report offers a comprehensive taxonomy of ophthalmic lasers market based on product type, disease type, end user, and region. The ophthalmic lasers by product type include the segments Photo-coagulation, Photo-disruption and SLT. Based on the disease type, the global ophthalmic lasers market is segmented into diabetic retinopathy, glaucoma surgery, cataract surgery and others. Based on the end user, the ophthalmic lasers market is segmented into hospitals, ambulatory and surgical centers and ophthalmic clinics.

The ophthalmic lasers market has been analyzed across regions of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on ophthalmic lasers market-

  • What is the revenue potential of ophthalmic lasers across regions of North America and Europe?
  • Who are the key competitors and what are their portfolios in ophthalmic lasers market?
  • What are major challenges influencing the growth of ophthalmic lasers market?
  • How intervention from regulatory authority is shaping the ophthalmic lasers market growth?

For answers of all the possible questions required for gauging performance of ophthalmic lasers market, get in touch with our expert analyst.

Research Methodology

FMI has utilized a triangulation methodology that is primarily based on experimental techniques such as patient-level data, number of procedures and capital equipment install base to obtain precise market estimations and insights on various medical devices and medical technology. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information. Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product offerings, usage pattern as per disease indications, product installed base in target healthcare facilities, life span of a device, reimbursement scenario, adoption rate and future impact of new technologies.

A recent market study published by FMI – Ophthalmic Lasers Market: Global Industry Analysis & Opportunity Assessment, 2016-2026 – consists a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the ophthalmic lasers market, the growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the ophthalmic lasers market during the forecast period. It can help the market players to modify their manufacturing and marketing strategies to envisage maximum growth in the ophthalmic lasers market in the upcoming years. The report provides a detailed information about the current and future growth prospects of the ophthalmic lasers market in the most comprehensive way for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the ophthalmic lasers market report, which includes the summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the ophthalmic lasers market.

Chapter 2 – Market Overview

The readers can find a detailed taxonomy and the definition of the ophthalmic lasers market in this chapter, which helps readers to understand the basic information about the ophthalmic lasers market dynamics, supply chain, cost structure, pricing analysis, list of key distributor and suppliers, list of key market participants included in the report.

Chapter 3 – Global Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026, By Product Type

Based on the product type, the ophthalmic lasers market is segmented into photo-coagulation, photo-disruption and SLT. In this chapter, the readers can find information about the key trends and developments in the ophthalmic lasers market and market attractive analysis based on the product type. In this chapter, readers can find information about the key trends and developments in the ophthalmic lasers market and market attractive analysis based on the product type for each region.

Chapter 4 – Global Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026, By Disease Type

Based on the disease type, the global ophthalmic lasers market is segmented into diabetic retinopathy, glaucoma surgery, cataract surgery and others. In this chapter, the readers can find information about the key trends and developments in the global ophthalmic lasers market and market attractive analysis based on product type for each region.

Chapter 5 – Global Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026, By End User

Based on the end users, the ophthalmic lasers market is segmented into hospitals, ambulatory and surgical centers and ophthalmic clinics. In this chapter, the readers can find information about the key trends and developments in the ophthalmic lasers market and market attractive analysis based on end users.

Chapter 7 – Global Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026, By Region

This chapter explains how the ophthalmic lasers market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

Chapter 9 – North America Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

This chapter includes a detailed analysis of the growth of the North America ophthalmic lasers market along with the country-wise assessment including the U.S. and Canada. The readers can also find regional trends, regulations, and market growth based on product type, disease type, end users and countries in the North America ophthalmic lasers market.

Chapter 10 – Latin America Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

The readers can find detailed information about factors such as pricing analysis, and regional trends that are impacting the growth of the Latin America ophthalmic lasers market. This chapter also includes the growth prospects of the ophthalmic lasers market in leading LATAM countries such as Brazil, Mexico, Argentina, and rest of the Latin America.

Chapter 11 – Western Europe Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

Important growth prospects of the ophthalmic lasers market based on product types, form, and applications in several Western Europe countries, such as the U.K., Germany, France, Spain, Italy, NORDIC BENELUX, and Rest of Western Europe are included in this chapter.

Chapter 11 – Eastern Europe Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

Important growth prospects of the ophthalmic lasers market based on its product types, form, and applications in several Eastern Europe countries, such as Russia, Poland and rest of Eastern Europe is included in this chapter.

Chapter 14 – APEJ Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

China, India, ASEAN, Australia and New Zealand and rest of APEJ are the leading countries in the APEJ region that are the prime subject of assessment to obtain growth prospects of the APEJ ophthalmic lasers market in this chapter. The readers can find thorough information about the growth parameters of the APEJ ophthalmic lasers market during the period 2016 2026.

Chapter 13 – Japan Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016-2026

The readers can find important factors that can make a huge impact on the growth of the ophthalmic lasers market in Japan based on the market segmentation, during the forecast period. This chapter provides the overview of regulations, drivers, restraints, and trends in the Japan ophthalmic lasers market.

Chapter 15 – MEA Ophthalmic Lasers Market Analysis & Opportunity Assessment, 2016 2026

This chapter provides information on how the ophthalmic lasers market will grow in the major countries in MEA, particularly in GCC Countries, South Africa, and rest of MEA during the period 2016 2026.

Chapter 16 – Competition Landscape, Company Share and Company Profiles

In this chapter, the readers can find a comprehensive list of all the leading stakeholders in the ophthalmic lasers market along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. The market players featured in the report include NIDEK CO., LTD., Ellex Medical PTY Ltd., Novartis AG, Quantel SA, Lumenis Ltd., IRIDEX Corporation, and Topcon Corporation, among others.

Chapter 17 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 18 – Research Methodology

This chapter helps readers to understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the ophthalmic lasers market.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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