The size of the European Ophthalmic Lasers Market has been forecasted at USD 337.51 million in 2022. It is estimated to grow at a CAGR of 5.2% and be worth USD 434.88 million by 2027.
The rising frequency of chronic disorders, rising elderly population, increasing regulatory approvals, and increasing measures to avoid vision impairment contribute to the European market's growth. A high frequency of ocular illnesses and rising initiatives to manage visual impairment are driving the development of the ophthalmic lasers market in Europe. Furthermore, during the forecast period, increased regulatory approvals for new products and increased diabetes patients are expected to propel the market.
The increased demand for expensive, painless, and non-invasive ophthalmic laser therapies and a growing European geriatric population are further driving this market. Furthermore, consumer awareness of laser therapies to prevent blindness and visual impairment has grown as the frequency of chronic and communicable eye diseases has increased. In addition, the growing geriatric population is driving demand for ophthalmic lasers, which include diabetic eye diseases, glaucoma, cataracts, and other age-related issues. Furthermore, advances in procedure technology have improved the accuracy and success rates of ophthalmic laser surgeries, which has positively impacted the market.
To avoid hazards and accidental exposure to laser beams, the lasers must be used precisely and safely during the procedure. As a result, highly skilled professionals who can effectively operate a laser device are required. The majority of chronic ophthalmic disorders, such as cataracts and AMD, affect this group of people. However, refractive errors are also very common among young people. Thus, the growing number of victims of chronic eye diseases has led to the market's expected growth.
However, high costs associated with the implementation and usage of the ophthalmic lasers are expected to restrain the market growth during the forecast period.
This research report on the European ophthalmic lasers market has been segmented and sub-segmented into the following categories:
By Type:
By Application:
By Country:
Geographically, the European ophthalmic lasers market accounted for a substantial share in the global market in 2020. Increased cataract and glaucoma patients are driving demand for ophthalmic lasers in Europe. Furthermore, rising awareness of ophthalmic disorders and improved healthcare infrastructure is helping to drive market growth. Several ophthalmic laser procedures are relatively painless and can be done as outpatient procedures. A significant trend observed is an increase in initiatives to support people in Europe who are blind, causing many private charitable institutes to provide funding to support the blind population in the region. Such initiatives have the potential to reduce Europe's blindness burden. Furthermore, because of changes in lifestyle, such as smoking tobacco, the prevalence of visual impairment-related disorders is rising over the region. In Europe, SCHWIND eye-tech solutions introduced the ATOS femtosecond laser, with Femto-LASIK and SmartSight technology for innovative lenticular extraction. As a result, the growth of the ophthalmic lasers market is aided by an increase in regulatory approvals. Because of the rising incidence rates of ophthalmic problems, rising healthcare expenditures in the country, and the development of advanced healthcare infrastructure, the UK had the largest share in the European market in 2020.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the European ophthalmic lasers market profiled in the report are Ellex Medical Lasers Limited (Australia), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), IRIDEX Corporation (U.S.), NIDEK Co., Ltd. (Japan), Alcon Laboratories, Inc. (U.S.), Abbott Medical Optics, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Bausch & Lomb Incorporated (U.S.), and Lumenis Ltd. (Israel).
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Femtosecond Lasers
5.1.2 Excimer Lasers
5.1.3 Nd:YAG Lasers
5.1.4 Diode Lasers
5.1.5 Other Lasers
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2 Application
5.2.1 Refractive Error Correction
5.2.2 Cataract Removal
5.2.3 Glaucoma Treatment
5.2.4 Diabetic Retinopathy Treatment
5.2.5 AMD Treatment
5.2.6 Other Applications
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
5.3 End User
5.3.1 Hospitals
5.3.2 Specialty Clinics and Ambulatory Surgery Centers
5.3.3 Y-o-Y Growth Analysis, By End User
5.3.4 Market Attractiveness Analysis, By End User
5.3.5 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Alcon Laboratories, Inc. (U.S.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Abbott Medical Optics, Inc. (U.S.)
8.3 Carl Zeiss Meditec AG (Germany)
8.4 Bausch & Lomb Incorporated (U.S.)
8.5 IRIDEX Corporation (U.S.)
8.6 Ellex Medical Lasers Limited (Australia
8.7 Topcon Corporation (Japan),
8.8 Ziemer Ophthalmic Systems AG
8.9 NIDEK Co., Ltd. (Japan)
8.10 Lumenis Ltd. (Israel)
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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