The United States ophthalmic lasers market is expected to grow at a CAGR of 6.1% during the forecast period. The US is the major contributor to the ophthalmic laser market due to the presence of various government initiatives, reforms, policies, and regulations for the support of the advanced treatment of eyes using an ophthalmic laser. Moreover, well-developed healthcare industry and the presence of leading medical laser manufactures are also attributing to the growth of the ophthalmic laser market in the US. 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.
The United States 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 is 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 hospital, clinic and ambulatory surgical center.
The US is a home for major ophthalmic laser & surgical equipment manufacturers including Quantel Medical, Nidek Co., Ltd, Alcon Vision LLC, and Bausch & Lomb among others. The presence of these major manufacturers is again making a major contribution to the market growth in the country. For instance, in September 2016, Abbott announced that it entered into a definitive agreement to sell Abbott Medical Optics (AMO), its vision care business, to Johnson & Johnson for $4.325 billion in cash this transaction is expected to increase the revenue of Johnson & Johnson which can be contributed to the R&D of the ophthalmic lasers.
Research Methodology
The market study of the United States ophthalmic lasers market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Ophthalmic Lasers Market by Type
5.1.1. Excimer Laser
5.1.2. Femtosecond Laser
5.1.3. Cyclodiode Laser
5.1.4. Nd: YAG Laser
5.1.5. Selective-Laser-Trabeculoplasty (SLT) Laser
5.1.6. Others
5.2. US Ophthalmic Lasers Market by Application
5.2.1. Cataract Surgery
5.2.2. Glaucoma Surgery
5.2.3. Diabetic Retinopathy
5.2.4. Refractive Surgery
5.2.5. Age-Related Macular Degeneration (AMD)
5.2.6. Cornea Transplant Surgery
5.2.7. Others
5.3. US Ophthalmic Lasers Market by End-User
5.3.1. Hospital
5.3.2. Clinic
5.3.3. Ambulatory Surgical Center
6. COMPANY PROFILES
6.1. Bausch & Lomb, Inc.
6.2. Boston Scientific Corp.
6.3. Carl Zeiss Meditec AG
6.4. Coherent, Inc.
6.5. IPG Photonics Corp.
6.6. IRIDEX Corp.
6.7. Johnson & Johnson, Service Inc.
6.8. LIGHTMED Corp.
6.9. LightScalpel
6.10. NIDEK Co., Ltd.
6.11. NoIR Laser Company, LLC.
6.12. Novartis International AG
6.13. Quantel Medical
6.14. Topcon Medical Systems, Inc.
6.15. Ziemer Ophthalmic Systems AG