Market OverviewLaser therapy is non-invasive medical treatment which uses light of specific wavelength to treat various diseases. The therapy is most frequently used to remove the precancerous or tumors growths, repair a detached retina, remove kidney stones, various cancers and treat hair loss. The treatment is also used to cap nerve endings after the surgery, lymph vessels to decrease swelling, and the blood vessels to help avoid blood loss. Lasers have become essential part of ophthalmology.
Laser therapy market size is anticipated to grow significantly from the year 2019 to 2026. Rising implementation of home healthcare software around the globe will drive industry growth during forecast timeframe. These home healthcare software are the cost effective, easy to use, provides precise medical information concerning billing records, scheduling, therapeutic history and upkeep of patient EMRs or Electronic Medical Records that increases operational efficacy and permits home care agencies to supply quality patient care. This has resulted in demand for the home healthcare software is growing and the scenario is expected to remain same over the foreseeable future.
Segment OverviewIn the laser-based ophthalmology, beam of light reforms the cornea, thus improves the corneal concentration. This can be used to produce channel to release intraocular pressure of cauterize tiny haemorrhages or glaucoma. Frequently used lasers in the ophthalmology include Nd: excimer LASER, femtosecond LASER, YAG LASER, and others. Growing prevalence of diseases such as cataract and arthritis is major driver for market growth.
According to National Eye Institute (NEI), number of people in the U.S. suffering from cataract is likely to double from almost 24.4 million in 2010 to over 50 million by 2050. Furthermore, in 2015, the Institute stated, more than half of Americans suffer from cataract related problems in their overall life span. Growing demand for aesthetics and increasing geriatric population followed by the increasing demand for various non-invasive procedures will boost market growth. Though, high procedural cost is expected to restrain the market growth over the forecast period.
Regional OverviewU.S. market is estimated to foresee profitable growth during the forecast period due to prompt rising acceptance of various innovative laser solutions in the region. Growing popularity and application of minimally invasive or non-invasive laser procedures such as removal of scars, laser hair removal, liposuction, and resurfacing of the skin, among the population in the country due to high emphasis on the aesthetics will further enhance the market growth. Furthermore, supportive government initiatives to develop various advanced products for the aesthetics treatment and rise in disposable income is expected to augment U.S. industry growth.
Competitor overviewIn 2016, According to Royal National Institute of Blind People (RNIBP) the number of the people living with sight loss are anticipated to reach almost 2.7 million by the year 2030 due to probable cases of cataract, refractive error, glaucoma, and others.
The presence of huge patient population and constantly developing economies such as India and China are expected to boost the market growth in the region. Furthermore, growing geriatric population in the region further fuels the market growth. According to study conducted by the International Journal of Advanced Medical and Health Research (IJAMHR) in 2015, in India, the incidence of blindness was 1.1%, principal cause being the cataract, affecting more than 9 million people and accounting for over 62.0%.
Key Players
- Angiodynamics
- Biolase
- Valeant
- IRIDEX
- Cutera
Market SegmentationBy Type
- Diode Lasers
- Solid State Lasers
- Semiconductor Lasers
- Liquid Lasers
- Gas Lasers, Dye Lasers
- Others
By Application
- Ophthalmologys
- Dermatology & Aesthetics
- Surgery
- Dental
- Urology
- Gynecology
- Cardiovascular
- Others
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
