Ophthalmic Photocoagulator Market Size, Share, Analysis 2031

Segments - Ophthalmic Photocoagulator Market by Applications (Retinal Laser, Photocoagulation, and Laser Trabeculoplasty) Medical Conditions (Diabetic Retinopathy, Age-related Macular Degeneration, and Glaucoma), End-users (Hospitals, Clinics, Ambulatory Services, and Ophthalmology Centers), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global ophthalmic photocoagulator market is anticipated to expand at a CAGR of 4.2% during the forecast period, 2021-2028. The growth of the market is attributed to rising prevalence of eye-related disorder across the globe. Photocoagulation is a type of laser surgery used to repair damaged tissue performing under an ophthalmic photocoagulator.

An ophthalmic photocoagulator is a medical device utilized to treat ophthalmic defects and eye cells. It's highly adopted for clinical and therapeutic purposes. This device consists of a laser host, power cord, foot switch, remote control, slit lamp adapter, and sterile intraocular probe. During the photocoagulation process, ophthalmologists use argon, dye, krypton, and diode to coagulate defected tissue in the retina. Photocoagulator disinfects the blood vessels with the heat generated by light source, usually laser beam.

Global Ophthalmic Photocoagulator Market Outlook

Market Trends, Drivers, Restraints, and Opportunities

Rising prevalence of diabetes is anticipated to drive the market growth.
Increasing technological advancements in ophthalmic photocoagulation is spurring the growth of the market.
Lack of skilled professionals in low- and middle-income countries can create challenges for the market growth.
Growing investment in the healthcare facilities in emerging countries can create lucrative opportunities for industry players.

Scope of Ophthalmic Photocoagulator Market Report

The report on the ophthalmic photocoagulator market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Ophthalmic Photocoagulator Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast
Base Year	2020
Historic Data	2018 & 2019
Forecast Period	2021–2028
Segmentation	Applications (Retinal Laser, Photocoagulation, and Laser Trabeculoplasty) Medical Conditions (Diabetic Retinopathy, Age-related Macular Degeneration, and Glaucoma), End-users (Hospitals, Clinics, Ambulatory Services, and Ophthalmology Centers)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered in the Report	Quantel Medical, Alcon, ALMA, Lumenis, NIDEK, Meridian, Iridex corporation, Valon Lasers, Ellex Medical Laser, and Lombort.

Ophthalmic Photocoagulator Market Segment Insights

Retinal laser segment is anticipated to exhibit a high CAGR

Based on applications, the market can be divided into retinal laser, photocoagulation, and laser trabeculoplasty.

The retinal laser segment is anticipated to expand at a CAGR of 6.3% during the forecast period. Rising incidence of macular degeneration in geriatric population is driving the market segment growth. On the other hand, the laser trabeculoplasty segment is estimated to account a major market share due to rising interest for insignificant obtrusive strategy over the conventional technique is fueling the market segment.

Global Ophthalmic Photocoagulator Market Application

Diabetic retinopathy segment is estimated to hold a significant market share

On the basis of medical conditions, the ophthalmic photocoagulator market can be segmented into diabetic retinopathy, age-related macular degeneration, and glaucoma.

The diabetic retinopathy segment is anticipated to account a significant market share in the coming years. This is due to the rising predominance of target illness, for example, diabetes and different eye-related persistent issues. However, the glaucoma segment is estimated to exhibit a robust CAGR during the forecast period. As per the American Academy of Ophthalmology, glaucoma influences more than 2.7 million Americans over age 40.

Hospitals segment is anticipated to account a major market share

In term of end-users, the market is classified as hospitals, clinics, ambulatory services, and ophthalmology centers. The hospitals segment is anticipated to constitute a major market share during the forecast period. The presence of favorable reimbursement policies is driving the growth of the market segment. Increasing spending on healthcare facilities is further propelling the segment growth.

Global Ophthalmic Photocoagulator Market End-Users

North America to constitute a large share of the market

Based on regions, the ophthalmic photocoagulator market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

The market in North America is anticipated to exhibit a robust CAGR during the forecast period. The presence of major industry players and awareness is driving the regional market growth. Many market players are zeroing in on getting FDA endorsements for the innovative ophthalmic arrangement and gadgets. For example, Johnson and Johnson Vision has received an FDA endorsement for another laser eye a medical procedure sign for its iDesign Refractive Studio framework.

Asia Pacific is expected to account for a considerable market share in the coming years. Rising investment in healthcare facilities, especially in emerging economies such as India and China, is spurring the regional market growth. Moreover, rising geriatric population and awareness about the treatment are major factors fueling the market in Asia Pacific.

Global Ophthalmic Photocoagulator Market Region

Segments

The global ophthalmic photocoagulator market has been segmented on the basis of

Applications

Retinal Laser
Photocoagulation
Laser Trabeculoplasty

Medical Conditions

Diabetic Retinopathy
Age-related Macular Degeneration
Glaucoma

End-users

Hospital
Clinics
Ambulatory Services
Ophthalmology Centers

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Quantel Medical
Alcon
ALMA
Lumenis
NIDEK
Meridian
Iridex corporation
Valon Lasers
Ellex Medical Laser
Lombor

Competitive Landscape

The main players for the market of ophthalmic photocoagulators are Quantel Medical, Alcon, ALMA, Lumenis, NIDEK, Meridian, Iridex corporation, Valon Lasers, Ellex Medical Laser, and Lombort.

Global Ophthalmic Photocoagulator Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ophthalmic Photocoagulator Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ophthalmic Photocoagulator Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ophthalmic Photocoagulator Market - Supply Chain
  4.5. Global Ophthalmic Photocoagulator Market Forecast
     4.5.1. Ophthalmic Photocoagulator Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ophthalmic Photocoagulator Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Ophthalmic Photocoagulator Market Absolute $ Opportunity
5. Global Ophthalmic Photocoagulator Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     5.3.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Ophthalmic Photocoagulator Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     6.3.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Ophthalmic Photocoagulator Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Ophthalmic Photocoagulator Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
8. North America Ophthalmic Photocoagulator Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Ophthalmic Photocoagulator Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     8.4.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     8.7.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
9. Latin America Ophthalmic Photocoagulator Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Ophthalmic Photocoagulator Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     9.4.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     9.7.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
10. Europe Ophthalmic Photocoagulator Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Ophthalmic Photocoagulator Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     10.4.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     10.7.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
11. Asia Pacific Ophthalmic Photocoagulator Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Ophthalmic Photocoagulator Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     11.4.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     11.7.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
12. Middle East & Africa Ophthalmic Photocoagulator Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Ophthalmic Photocoagulator Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Ophthalmic Photocoagulator Market Size and Volume Forecast by Applications
     12.4.1. Retinal Laser Photocoagulation Laser Trabeculoplasty
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Ophthalmic Photocoagulator Market Size and Volume Forecast by End Users
     12.7.1. Hospital Clinics Ambulatory Services Ophthalmology Centers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Ophthalmic Photocoagulator Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Ophthalmic Photocoagulator Market: Market Share Analysis
  13.2. Ophthalmic Photocoagulator Distributors and Customers
  13.3. Ophthalmic Photocoagulator Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Quantel Medical
     13.4.2. Alcon
     13.4.3. ALMA
     13.4.4. Lumenis
     13.4.5. NIDEK
     13.4.6. Meridian
     13.4.7. Iridex corporation
     13.4.8. Valon Lasers