European ophthalmic lasers market is growing at a CAGR of 5.4% during the forecast period. The demand for ophthalmic lasers in Europe is driven by increasing cataract and glaucoma patients. Moreover, increasing awareness regarding ophthalmic disorders and improving healthcare infrastructure is also contributing to market growth. Several ophthalmic laser procedures can be performed on an outpatient basis and are relatively pain-free. The combination of significant accuracy and safety make lasers highly useful ophthalmic tools. However, the lasers require to be used accurately and safely during the procedure to prevent hazards and accidental exposure to laser beams. Hence, highly skilled professionals are required who can effectively operate a laser device.
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The major factors that are encouraging the adoption of ophthalmic lasers include increasing prevalence of glaucoma and cataract, technological innovations in ophthalmic laser technology and significant growth in the geriatric population base. According to the United Nations (UN), in 2015, 1 in 8 people Europeanly was aged 60 years and older. During the period 2015 and 2030, the people aged 60 years and older is anticipated to grow by 56%, from 901 million to 1.4 billion. Among the elderly population, vision loss is a major healthcare concern.
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The European ophthalmic lasers market is segmented on the basis of type, application, and end-user. Based on the type, the market is further classified into SLT laser, Nd: YAG laser, excimer laser, femtosecond laser, cyclodiode laser, and others. There are multiple applications for Nd: YAG lasers and are most commonly used for the treatment of posterior capsular opacification after cataract surgery. Other applications comprise the treatment of recurrent vitreous floaters and corneal erosions. Additionally, based on application, the market is further classified into cataract surgery, refractive surgery, AMD, cornea transplant surgery, glaucoma surgery, diabetic retinopathy, and others. Based on end-user, the market is further classified into hospitals, clinic and ambulatory surgical centers.
The major companies in the market include Carl Zeiss Meditec AG, Johnson & Johnson Service, Inc., NIDEK Co., Ltd., and Ziemer Ophthalmic Systems AG. Some key strategies adopted by these companies include mergers and acquisitions, product launches and partnerships to attract a large number of customer base and expand share in the market. For instance, in April 2017, NIDEK Co., Ltd. introduced NAVEX Quest M2, an advanced vision excimer laser system. It is a unique combination of technologies, such as incorporating the Quest M2 excimer laser system, corneal topographer, and the OPD-Scan III whole eye aberrometer.
Market Segmentation
European Ophthalmic Lasers Market by Type
- Excimer Laser
- Femtosecond Laser
- Cyclodiode Laser
- Nd: YAG Laser
- Selective-Laser-Trabeculoplasty (SLT) Laser
- Others
European Ophthalmic Lasers Market by Application
- Cataract Surgery
- Glaucoma Surgery
- Diabetic Retinopathy
- Refractive Surgery
- Age-Related Macular Degeneration (AMD)
- Cornea Transplant Surgery
- Others
European Ophthalmic Lasers Market by End-User
- Hospital
- Clinic
- Ambulatory Surgical Center
REGIONAL ANALYSIS
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
COMPANY PROFILES
- R.C. Laser GmbH
- Bausch & Lomb, Inc.
- Boston Scientific Corp.
- Carl Zeiss Meditec AG
- Ellex Medical Lasers, Ltd.
- Johnson & Johnson, Service Inc.
- Meridian AG
- NIDEK Co., Ltd.
- NoIR Laser Company, LLC.
- Novartis International AG
- Optotek d. o. o.
- Quantel Medical
- SCHWIND Eye Tech Solutions GmbH
- Topcon Medical Systems, Inc.
- Ziemer Ophthalmic Systems AG
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