Overview of the global laser protective eyewear market
Market research analysts at Technavio predict that the global laser protective eyewear market will grow steadily over the next four years and post a CAGR of more than 5% by 2021. This market research analysis identifies the rising damaging effects of laser radiation on eyes as one of the key growth factors for the global laser protective eyewear market. Working in industries such as manufacturing, healthcare, and various other industries involve activities that are prone to the frequent exposure to laser beams. A direct exposure to laser beam may result in a corneal burn, development of cataracts, and vision loss. Wavelengths less than 400 nm and greater than 1,400 nm can directly result in several eye injuries. To resist the direct exposure to laser beams, consumers have the need to take the necessary protection, such as using laser protective glasses.
The emergence of anti-fogging laser protective eyewear that will avoid the abundant exposure to laser light will also influence the growth of the laser protective eyewear market. Lens fogging is generally produced from the heat generated from the body. The fogging obscures vision, thereby provoking the user to remove the glasses to clear the fog. The duration when the user clears the fog from the glasses, will expose the user to potential eye injuries. Since the use of anti-fogging eye wear eliminates the need to clear the fog from glasses, there will be a significant increase in its demand in the coming years, which will subsequently influence the growth of the market for laser protective eyewear.
Competitive landscape and key vendors
The laser protective eyewear market is moderately competitive and has the presence of few well-established vendors. Rapid technological advances coupled with the altering consumer preferences constitute significant risks to the vendors in the market. To retain their existing position in the market, vendors are distinguishing their product and services through unique value propositions. The market also consists of regional vendors who offer products at low costs.
The leading vendors in the market are –
- Honeywell International
- Kentek
- Phillips Safety Products
The other prominent vendors in the market are NoIR LaserShields, Laservision, Laser safety Industries, UNIVET, and Global Laser.
Market segmentation by end-user and analysis of the laser protective eyewear market
- Healthcare
- Automotive
- Manufacturing
The healthcare industry accounted for a major share in the market in 2016. Factors such as an increase in the healthcare expenditure among the consumers will propel the demand for safety eyewear. Moreover, there has been a gradual rise in the demand for laser protective wear among the healthcare fields such as dentistry and cosmetology, which is attributed to the prevalence of laser in surgeries for eye and soft tissue and refractive surgeries.
Market segmentation by geography and analysis of the laser protective eyewear market
The Americas held the largest share of the laser protective eyewear market during 2016. The market will forecast a decline in the CAGR over the next four years, owing to the market saturation. However, stringent government regulations on the mandatory use of laser protective eyewear by the workers will boost the growth of the laser protective eyewear market. Most of the large employers are also paying heed to safety by employing specialized safety managers for the selection of protective equipment. The market in the Americas is dominated by the US, where the increasing focus of vendors on comfort, fit, and product style fuel the demand for laser protective eyewear.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global laser protective eyewear market?
- What are the key market trends impacting the growth of the global laser protective eyewear market?
- What are the challenges to market growth?
- Who are the key vendors in the global laser protective eyewear market?
- What are the market opportunities and threats faced by the vendors in the global laser protective eyewear market?
- Trending factors influencing the market shares in the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global laser protective eyewear market?
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