Press release
Excimer and Femtosecond Ophthalmic Lasers Market: Application
Based on product type, excimer laser systems will continue to dominate femtosecond lasers throughout 2016. The former is predicted to contribute over 60% to the total market share, whereas the latter will witness significant Y-O-Y growth in 2016. Despite considerable adoption due to persistent technological and functionality advancements, higher costs are expected to hold a negative impact on the femtosecond laser system sales.
On the basis of application, refractive surgery segment is predicted to account for the maximum revenue share of around 70%, in 2016. It will also witness the fastest growth, compared to other segments, including cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. Cataract surgery segment is projected to be the second largest application area, witnessing substantial demand for excimer and femtosecond laser systems.
By end-user, ophthalmology clinics segment accounted for the highest revenues of US$ 279 Mn in 2015. It is estimated to attract hefty revenues in 2016 as well, reaching US$ 291 Mn. Hospitals and ambulatory surgical centres will gain an uptick; whereas multi-chain ophthalmology hospitals are foreseen to gain prominence across the U.S., owing to soaring demand for refractive surgery.
Based on region, North America will remain the leading market and contribute over 30% revenue share to total market revenues by 2016 end. In terms of revenues, the market for excimer and femtosecond ophthalmic laser systems in N. America is anticipated to reach a value of US$ 217 Mn in 2016, up from US$ 209 Mn in 2015. Western Europe will continue to witness significant adoption of excimer and femtosecond ophthalmic lasers, whereas Asia Pacific excluding China and Japan (APECJ) is projected to provide substantial growth opportunities. APECJ is expected to remain a major market, owing to rapid improvisation of healthcare infrastructure in the region. China, with the highest growth rate in 2016, will represent the most lucrative market for excimer and femtosecond ophthalmic laser systems.
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Summary of Table of Content
1. Executive Summary
2. Assumptions and Acronyms
3. Research Methodology
4. Excimer and Femtosecond Ophthalmic Lasers Market Overview
5. Global Excimer and Femtosecond Ophthalmic Lasers Market Forecast
6. Global Excimer and Femtosecond Ophthalmic Lasers Market Analysis, By Product
7. Global Excimer and Femtosecond Ophthalmic Lasers Market Analysis, By Application
8. Global Excimer and Femtosecond Ophthalmic Lasers Market Analysis, By End User
9. Global Excimer and Femtosecond Ophthalmic Lasers Market Analysis, By Region
10. North America Excimer and Femtosecond Ophthalmic Lasers Market Analysis
11. Latin America Excimer and Femtosecond Ophthalmic Lasers Market Analysis
12. Western Europe Excimer and Femtosecond Ophthalmic Lasers Market Analysis
13. Eastern Europe Excimer and Femtosecond Ophthalmic Lasers Market Analysis
14. APEJCSK Excimer and Femtosecond Ophthalmic Lasers Market Analysis
15. Japan Excimer and Femtosecond Ophthalmic Lasers Market Analysis
16. China Excimer and Femtosecond Ophthalmic Lasers Market Analysis
17. MEA Excimer and Femtosecond Ophthalmic Lasers Market Analysis
18. South Korea Excimer and Femtosecond Ophthalmic Lasers Market Analysis
19. Competition Landscape
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