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Europe Market Report for Ophthalmic Lasers 2017 - MedCore

Europe Market Report for Ophthalmic Lasers 2017 - MedCore

  • November 2016
  • 163 pages
  • ID: 4406686
  • Format: PDF
  • By iData Research, Inc.

Summary

Table of Contents

Description
General Report Contents
- Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
- Market Drivers & Limiters for each chapter segment
- Competitive Analysis for each chapter segment
- Section on recent mergers & acquisitions


The ophthalmic laser market is expected to grow slightly throughout the forecast period. Demand for ophthalmic lasers will be driven by the aging population and the associated need for refractive correction among this demographic. In general, growth of the laser market can be attributed to a diverse set of ophthalmic conditions that are associated with older age. As a whole, the laser market is growing annually in the low single digits. This growth is distributed between three main market segments: office lasers, surgical lasers, and combination lasers.


Unit sales of ophthalmic lasers is expected to be the driving force of market growth with low single digit growth being seen across all market segments. This unit growth is associated with increasing ocular disease rates as the population ages. Price decline can mostly be attributed to competition and is being seen across almost all markets, with the lone exception being the surgical laser market. In the surgical laser market, sales of the older and more cost effective excimer lasers are decreasing while sales of premium femtosecond lasers are increasing. As femtosecond lasers gain unit share over excimer lasers the ASP of all surgical lasers will increase.


Longer life expectancy and a shift towards an older average age among the European population will lead to increased incidences of cataracts. Because cataracts can lead to blindness, the surgery is considered essential. The changing demographics of the European population will therefore lead to an increase in the overall sales of IOLs

Abstract
LASERs, which stands for Light Amplification (by) Stimulated Emission (of) Radiation, were developed in 1960 by Theodore Maiman. Lasers were quickly adopted for ophthalmology with the first instance of their clinical use appearing in 1963. Over the last 50 years ophthalmic lasers have proliferated in both types of lasers and indications. Despite this diversity, all lasers function on the same fundamental principles. Lasers are created when the electrons in atoms in special glasses, crystal or gases absorb energy from an electrical current or another laser and become excited/elevated to a higher energy state. Electron orbits are less stable at these higher energy states, thus energy is released in the form of a photon which allows the electron to return to its ground state. Photons are particles of light, however, what makes laser photons unique is that they are all of the same wavelength, directional, and coherent (meaning the crests and troughs of the light waves are aligned) whereas ordinary light comprises multiple wavelengths and is not coherent.

Scope:2013-2023

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