Excimer & Femtosecond Ophthalmic Lasers Market – Overview of Key Market Forces and Market Growth
The excimer and femtosecond ophthalmic lasers market report begins by defining excimer and femtosecond laser systems. This is followed by an overview of dynamics of the global excimer and femtosecond ophthalmic lasers market, which includes FMI analysis of key trends, drivers, restraints, opportunities, regulations and reimbursement scenario that are influencing growth of the global excimer and femtosecond ophthalmic lasers market. This section also includes an insight into pricing of laser systems by region. Impact analyses of key growth drivers and restraints based on a weighted average model have been included after analysis of individual regions to provide meaningful insights to readers regarding ongoing developments in the market.
The primary factors fuelling demand for excimer and femtosecond laser systems include growing prevalence of diabetes and increasing ageing population globally. Other factors driving demand for excimer and femtosecond laser systems are increase in the number of cataract and refractive surgeries, which is resulting in an increasing number of ophthalmic laser systems in ophthalmology clinics and hospitals. Increasing number of new product launches and partnerships are other factors driving demand for excimer and femtosecond laser systems globally. However, a primary factor hampering growth of the global excimer and femtosecond laser systems market is the high cost associated with these products, which significantly increases the cost of cataract and refractive surgery.
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Based on product type, the market has been segmented into excimer laser and femtosecond laser systems. A detailed analysis has been provided for every segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.
The report has been segmented based on various applications such as refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics. Our analysis predicts that moderate to high myopia would increase at a very fast pace, thus the number of refractive surgeries such as LASIK, PRK and LASEK are also anticipated to increase. Furthermore, demand for femtosecond and excimer lasers is expected to increase from ophthalmology clinics as more number of patients visit ophthalmology clinics for refractive and cataract surgeries. This trend is expected to be particularly prominent in emerging economies such as China, South Korea and India due to increasing access to public healthcare services in the region.
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The next section of the report highlights excimer and femtosecond laser systems adoption by region and provides market outlook for 2016–2026. The report also discusses key regional trends contributing to growth of the global excimer and femtosecond ophthalmic lasers market, as well as analyses the extent to which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Ex. Japan, China and South Korea (ASEJCSK), Japan, China, South Korea and Middle East & Africa (MEA).