Enjoy complimentary customisation on priority with our Enterprise License!
The ophthalmic femtosecond lasers market share is expected to increase by USD 199.54 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.45%.
This ophthalmic femtosecond lasers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ophthalmic femtosecond lasers market segmentation by product (consumable and accessories and equipment) and geography (North America, Europe, Asia, and Rest of World (ROW)). The ophthalmic femtosecond lasers market report also offers information on several market vendors, including Alcon Inc., Bausch Health Co. Inc., Carl Zeiss AG, Clark-MXR Inc., CLASS 5 PHOTONICS GmbH, Ekspla, Fluence sp. z o.o, IMRA America Inc., Johnson and Johnson, KMLabs Inc., LENSAR Inc., Light Conversion UAB, Menlo Systems GmbH, Newport Corp., NKT AS, RPMC Lasers Inc., SCHWIND eye-tech-solutions GmbH, Spark Lasers SAS, TOPTICA Photonics AG, and Ziemer Ophthalmic Systems AG among others.
Download Report Sample to Unlock the Ophthalmic Femtosecond Lasers Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing awareness about LASIK surgeries is notably driving the ophthalmic femtosecond lasers market growth, although factors such as the potential risk of complications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ophthalmic femtosecond lasers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ophthalmic Femtosecond Lasers Market Driver
The increasing awareness about LASIK surgeries is one of the factors driving the ophthalmic femtosecond lasers market growth. Many companies, organizations, and eye clinics are taking initiatives to increase awareness about the benefits of LASIK procedures on social media and other advertising mediums. Well, LASIK surgeries have faster recovery time and higher precision and can correct a wider range of eye defects. The patient vision is corrected almost immediately after the procedure, and most patients do not require corrective eyewear. Generally, most people undergoing LASIK surgeries achieve 20/20 or better vision and can see 20/40 or better without corrective lenses. Such factors will thus increase the demand for ophthalmic femtosecond lasers during the forecast period.
Key Ophthalmic Femtosecond Lasers Market Trend
The increased popularity of femtosecond laser-assisted cataract surgeries is one of the key ophthalmic femtosecond lasers market trends fueling the market growth. Femtosecond laser-assisted techniques are gaining acceptance due to their broad applications and their success in sclera, refractive, and corneal surgeries. It has a precise cutting instrument, which is used during lens fragmentation and capsulorhexis. This technology is used in phacoemulsification equipment. It guides the surgeon in obtaining optimal outcomes. Moreover, the introduction of this technology has helped surgeons to make a better choice and control flap thickness and diameter, hinge position, length, and side cut angle. Thus, an increase in the application of femtosecond lasers in cataract surgery will influence the growth of the market during the forecast period.
Key Ophthalmic Femtosecond Lasers Market Challenge
The potential risk of complications is one of the key factors challenging the ophthalmic femtosecond lasers market growth. There are certain potential risks of complications associated with femtosecond laser procedures. These include the opaque bubble layer, TLSS, rainbow glare, and lamellar keratitis. Furthermore, gas bubbles may gather in the flap interface during the procedure, but occasionally they may dissect into deep stroma through the trabecular meshwork. The individuals present extreme photophobia and good visual acuity after the procedure. The appearance of colored bands of light radiating from a white light source is also known as rainbow glare and is found to be a common complication associated with a laser procedure. Some of the rare and serious complications of femtosecond can be corneal pain, corneal edema, and retinal tears and detachments. Thus, the risk of complications associated with femtosecond laser negatively impacts the adoption of ophthalmic femtosecond laser-based surgeries.
This ophthalmic femtosecond lasers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ophthalmic femtosecond lasers market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ophthalmic femtosecond lasers market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ophthalmic femtosecond lasers market encompasses successful business strategies deployed by the key vendors. The ophthalmic femtosecond lasers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ophthalmic femtosecond lasers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ophthalmic femtosecond lasers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the ophthalmic femtosecond lasers market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The improved healthcare support by governments and advances in technology will facilitate the ophthalmic femtosecond lasers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the market witnessed a slowdown due to the COVID-19 outbreak. However, by the second half of 2020, lockdown-related restrictions in various countries were relaxed to some extent, which allowed the movement of people and thus led to an increase in the number of people visiting diagnostic centers, ASCs, and hospitals. Thus, the resumption of healthcare equipment manufacturing operations will drive the demand for cataract surgery devices in North America, and the market is expected to register an accelerating growth momentum during the forecast period.
To gain further insights on the market contribution of various segments Request PDF Sample
The ophthalmic femtosecond lasers market share growth in the consumable and accessories segment will be significant during the forecast period. The need for consumables and accessories in performing ophthalmic femtosecond laser procedures is very important as most of the consumables used are classified into disposables or single-use devices. Therefore, consumables are a recurring revenue. Also, the hospitals and ASCs have long-term contracts with vendors and get discounts on purchasing consumables. These factors will drive segment growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ophthalmic femtosecond lasers market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Ophthalmic Femtosecond Lasers Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.45% |
|
Market growth 2022-2026 |
$ 199.54 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
5.85 |
|
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
|
Performing market contribution |
North America at 43% |
|
Key consumer countries |
US, Canada, Germany, UK, and China |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Alcon Inc., Bausch Health Co. Inc., Carl Zeiss AG, Clark-MXR Inc., CLASS 5 PHOTONICS GmbH, Ekspla, Fluence sp. z o.o, IMRA America Inc., Johnson and Johnson, KMLabs Inc., LENSAR Inc., Light Conversion UAB, Menlo Systems GmbH, Newport Corp., NKT AS, RPMC Lasers Inc., SCHWIND eye-tech-solutions GmbH, Spark Lasers SAS, TOPTICA Photonics AG, and Ziemer Ophthalmic Systems AG |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and the Market condition analysis for and forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.