Ophthalmic Photocoagulator Market Size, Share, Analysis 2031
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
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| Report ID :HC-2948
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| 189 Pages
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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.
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.
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Attributes |
Details |
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Report Title |
Ophthalmic Photocoagulator Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast |
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Base Year |
2020 |
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Historic Data |
2018 & 2019 |
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Forecast Period |
2021–2028 |
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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) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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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.
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.
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.
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
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.
Table Of Content
1. Executive Summary2. 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 (000’ 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
Methodology
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