Laser Safety Glasses Analysis By Manufacturers Kentek, Honeywell International, VS Eyewear, uvex group, Global Laser

Market Dynamics- Driver

Strict regulatory policies concerning safety of workers are expected to drive growth of the global laser safety glasses market during the forecast period

Growing awareness and stringent government regulations regarding hazards laser could present have increased the demand for laser safety glasses significantly. Moreover, increasing options related to comfort and design of laser safety glasses offered by manufacturers are expected to boost the global laser safety glasses market growth during the forecast period. For instance, Occupational Safety and Health Administration (OSHA), an agency of the U.S. Department of Labor, has set standards for usage of Personal Protective Equipment (PPE) across different sectors and industries. According to the standards, the employer is entailed to provide employees with safety and healthful working environment. The regulations also prohibit employers from retaliating against employees for exercising their rights under the law. Moreover, the employees are allowed to file a complaint to have OSHA inspect their workplace, if they suspect the regulatory standards are not being followed. Hence, such regulatory scenarios are expected to drive the market growth in the near future.

Introduction of novel technology is increasing application of lasers and is expected to propel the global laser safety glasses market growth over the forecast period

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Development of innovative and advanced laser technology has offered a wider scope for application of laser safety glasses in the medical field, especially in cosmetic surgery, eye surgery, oncology, dermatology, dentistry, etc. procedures. For instance, iLASIK is a revolutionary eye surgery that offers blade-free, fully customized laser vision correction. Intense laser beams used in this surgical procedure demands usage of good-quality glasses protection. Therefore, advancements in laser technology are expected to support the market growth over the forecast period.

Europe region dominated the global laser safety glasses market in 2019, accounting for 34.6% share in terms of value, followed by North America, and Asia Pacific, respectively.

Market Opportunities

Growing popularity of laser surgery among populace is expected to present lucrative business opportunity

Laser surgeries have gained significant popularity, as they are painless, blade-less, leave no visible mark on patients. Furthermore, surgeries are predominantly used in dermatology and eye surgeries. This, in turn, has created major market potential opportunities for laser protection glass manufacturers to capitalize untapped market.

Increasing adoption of laser safety glasses in aviation industry, owing rising laser strikes on aircrafts

Laser-pointed strikes on aircraft have increased significantly in the U.S. In fact, pointing a laser at an aircraft is a federal crime in the U.S. A laser beam can temporarily blind pilots during critical times such as landing or taking off. According to Federal Aviation Administration (FAA), in 2018, around 5,663 laser incidents were reported in the U.S. Although the number has reduced from preceding years, laser strikes on aircraft remains a severe threat to aviation sector. This, in turn, has increased the demand for laser safety glasses in the aviation industry, thereby providing excellent growth opportunities for market players.

Market Trends

Constant mergers and acquisitions among key market players

Key companies in the market are focused on mergers and acquisitions, in order to enhance their global market presence. For instance, in 2010, Honeywell acquired Sperian Protection, a leading provider of personal protective equipment. Moreover, Sperian Protection has a well-developed portfolio for laser safety products and strong distribution network, which can boost growth of Honeywell's laser safety glasses business.

Direct sales to customers through e-commerce platforms

Key manufacturers in the market are focused on selling their products direct to consumers through online retail platforms. For instance, Laserglasses.com, an online store owned by Honeywell Safety Products USA Inc., sells laser safety glasses. Moreover, market players are selling their products via major e-commerce platforms such as Amazon.com and eBay.com to increase their customer reach.

Regulations

Australia & New Zealand

There are three important safety standards applicable to lasers in Australia

AS/NZS 2211.1 :1997 Laser Safety part 1: Equipment classification requirements and user guide
AS 2397: Safe use of lasers in building and construction industry
AS/NZS 4173: Guide to safe use of lasers in health care sector
In Australia, though regulations on laser control are not addressed specifically in current legislation, an accident caused by a laser could fall within the domain of common law liability

Additionally, failure to implement appropriate safety standards would constitute breach of employers' obligations set out in the workplace Health and Safety Act 1995

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