Europe Excimer and Femtosecond Ophthalmic Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Excimer Laser and Femtosecond Laser), Application (Refractive Surgery, Cataract Surgery, Capsulotomy, Trabeculoplasty, and Diagnostics), and End User (Hospitals, Ambulatory Surgical Centers, and Ophthalmology Clinics)
Market Introduction
The European excimer and femtosecond ophthalmic lasers market is further segmented into Germany, UK, France, Italy, Spain, and rest of Europe. The market growth in the region is expected due to current demographic trend such as increasing prevalence of age-related retinal diseases and increasing use of electronic devices. The rest of Europe includes countries like Russia, Sweden, Denmark, and Norway, among others. Factors such as the aging population, and unhealthy diet, increase the risk of vision disorders. The aging population in the region is driving the growth of the market. For instance, as per the Swedish Institute, around 5.2 percent of Sweden’s population is 80 or older. In Norway, the aging population is estimated to be 5.35 million. The healthcare expenditure in these countries is higher, which is boosting the growth of the market. For instance, current health expenditure amounts to 9.2% of GDP in Norway. Also, countries in the region spend heavily on elderly care, which supports the growth of the market. Increasing product launches is a prime driver for market growth. For instance, in October 2018, Alcon unveiled software and hardware enhancements to the WaveLight Refractive Suite designed to provide surgeons and patients a more comfortable and efficient LASIK experience.
As the world engages with COVID-19, every type of technological discovery and capacity provided to fight this pandemic brings one step closer to overcoming it. Considering that the COVID-19 cases are rising in the region, several nations are fighting to control the disease's spread. The European economy is adversely affected due to the exponential increase of COVID-19 cases in the region. Most of the region's sectors are massively hit by the pandemic's spread, with most nations being in lockdown. Routine healthcare services were canceled, and patients were recommended to avoid hospital visits unless any medical emergency to minimize the risk of COVID-19 transmission, leading to significant disruption in the provision of healthcare service and patient care. Ophthalmology represents one of the busiest and heavily outpatient-oriented specialties, with around 7.5 million outpatient appointments and over 500,000 surgical procedures being conducted every year in the UK. The lockdown has resulted in the cancellation of thousands of ophthalmic visits and surgeries. This has potentially led to permanent and significant harm to patients' vision. Additionally, the recent survey – "Psychosocial impact of COVID-19 pandemic lockdown on people living with eye diseases in the UK," which was conducted among the public with eye diseases, highlighted a noteworthy negative psychosocial impact of lockdown on patients with visual impairment, with approximately 50% of the patients expressing fear of sight loss due to delayed review or treatment. Furthermore, as per the study conducted on ophthalmology services in Queen's Medical Centre, the UK, cataract surgery (53%) formed the major surgical backlog during the COVID-19 pandemic, followed by YAG laser procedures (24%) and oculoplastic surgeries (8%).
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Market Overview and Dynamics
The excimer & femtosecond ophthalmic lasers market in Europe is expected to grow from US$ 243.14 million in 2021 to US$ 332.12 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The excimer & femtosecond ophthalmic lasers market is characterized by the presence of small and big companies. The market players are adopting various strategies such as new product launches, regional expansion, and technological advancements to increase their market share. Rising demand for eye surgeries, such as cataracts and refractive surgeries, is encouraging the new product launches in excimer & femtosecond ophthalmic lasers market. The high prevalence of refractive errors and the relative safety and effectiveness of modern laser vision correction have grabbed the world's attention. The foremost corrective procedures are generally straightforward, and the results are often instantly visible, making refractive surgery extremely popular. Moreover, the demand for laser cataract surgery and other technology is growing. Cataract treatments are safer and more effective than ever, which is driving product innovations in the market. Market players are investing in R&D to develop advanced technologies and gain more revenue share.
Key Market Segments
Europe excimer & femtosecond ophthalmic lasers market is segmented into product type, application, end user, and country. Europe excimer & femtosecond ophthalmic lasers market, based on the product type was segmented into excimer laser, and femtosecond laser. In 2021, the femtosecond laser segment held the largest share of the market. Europe excimer & femtosecond ophthalmic lasers market, based on the application was segmented into refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. In 2021, the refractive surgery segment held the largest share of the market. Based on technique, the Europe excimer & femtosecond ophthalmic lasers market is segmented into hospitals, ophthalmic clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021. Based on country, the Europe excimer & femtosecond ophthalmic lasers market is segmented into France, Germany, Italy, Spain, UK, and rest of Europe. Germany held the largest market share in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the excimer & femtosecond ophthalmic lasers market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alcon Inc.; Bausch Health Companies Inc.; Carl Zeiss AG; iVIS; NKT Photonics A/S; SCHWIND eye-tech-solutions; and Ziemer Ophthalmic Systems.
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- To understand the Europe excimer & femtosecond ophthalmic lasers market landscape and identify market segments that are most likely to guarantee a strong return.
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Excimer & Femtosecond Ophthalmic Lasers Market Segmentation
Europe Excimer & Femtosecond Ophthalmic Lasers Market - By Product Type
- Femtosecond Laser
- Excimer Laser
Europe Excimer & Femtosecond Ophthalmic Lasers Market - By Application
- Refractive Surgery
- Cataract Surgery
- Capsulotomy
- Trabeculoplasty
- Diagnostics
Europe Excimer & Femtosecond Ophthalmic Lasers Market - By End User
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers
Europe Excimer & Femtosecond Ophthalmic Lasers Market - By Country
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Europe Excimer & Femtosecond Ophthalmic Lasers Market - Company Profiles
- Alcon Inc.
- Bausch Health Companies Inc.
- Carl Zeiss AG
- iVIS
- NKT Photonics A/S
- SCHWIND eye-tech-solutions
- Ziemer Ophthalmic Systems
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Excimer & Femtosecond Ophthalmic Lasers Market – By Product Type
1.3.2 Europe Excimer & Femtosecond Ophthalmic Lasers Market – By Application
1.3.3 Europe Excimer & Femtosecond Ophthalmic Lasers Market – By End User
1.3.4 Europe Excimer & Femtosecond Ophthalmic Lasers Market – By Country
2. Europe Excimer & Femtosecond Ophthalmic Lasers Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Excimer & Femtosecond Ophthalmic Lasers Market – Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Experts Opinion
5. Europe Excimer & Femtosecond Ophthalmic Lasers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Elderly Population
5.1.2 Significant Rise in Number of Cataract and Refractive Surgeries
5.2 Market Restraints
5.2.1 Ophthalmology Surgeries and Devices are Costly
5.3 Future Trends
5.3.1 Growth in Product Approvals and Launches
5.4 Impact Analysis
6. Excimer & Femtosecond Ophthalmic Lasers Market – Europe Analysis
6.1 Europe Excimer & Femtosecond Ophthalmic Lasers Market Revenue Forecast and Analysis
7. Europe Excimer & Femtosecond Ophthalmic Lasers Market Analysis – By Product Type
7.1 Overview
7.1.1 Europe Excimer & Femtosecond Ophthalmic Lasers Market, By Product Type 2021 & 2028 (%)
7.2 Excimer Laser
7.2.1 Overview
7.2.2 Europe Excimer Laser Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Femtosecond Laser
7.3.1 Overview
7.3.2 Europe Femtosecond Laser Market Revenue and Forecasts to 2028 (US$ Million)
8. Europe Excimer & Femtosecond Ophthalmic Lasers Market Analysis – By Application
8.1 Overview
8.1.1 Europe Excimer & Femtosecond Ophthalmic Lasers Market, By Application 2021 & 2028 (%)
8.2 Refractive Surgery
8.2.1 Overview
8.2.2 Europe Refractive Surgery Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Cataract Surgery
8.3.1 Overview
8.3.2 Europe Cataract Surgery Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Capsulotomy
8.4.1 Overview
8.4.2 Europe Capsulotomy Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Trabeculoplasty
8.5.1 Overview
8.5.2 Europe Trabeculoplasty Surgery Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Diagnostics
8.6.1 Overview
8.6.2 Europe Diagnostics Market Revenue and Forecasts to 2028 (US$ Million)
9. Europe Excimer & Femtosecond Ophthalmic Lasers Market Analysis – By End User
9.1 Overview
9.2 Europe Excimer & Femtosecond Ophthalmic Lasers Market Share, by End User, 2021 and 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Ophthalmic Clinics
9.4.1 Overview
9.4.2 Ophthalmic Clinics: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Ambulatory Surgical Centers
9.5.1 Overview
9.5.2 Ambulatory Surgical Centers: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Million)
10. Europe Excimer & Femtosecond Ophthalmic Lasers Market – Country Analysis
10.1 Overview
10.1.1 Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Country (%)
10.1.1.1 Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.1.1 Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.1.2 Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.1.3 Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.1.4 Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.1.2 UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.2.1 UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.2.2 UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.2.3 UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.2.4 UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.1.3 France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.3.1 France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.3.2 France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.3.3 France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.3.4 France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.1.4 Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.4.1 Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.4.2 Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.4.3 Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.4.4 Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.1.5 Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.5.1 Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.5.2 Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.5.3 Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.5.4 Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.1.6 Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.6.1 Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.6.2 Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
10.1.1.6.3 Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.1.1.6.4 Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
11. Impact of COVID-19 Pandemic on Excimer & Femtosecond Ophthalmic Lasers Market
11.1 Europe: Impact Assessment Of COVID-19 Pandemic
12. Excimer & Femtosecond Ophthalmic Lasers Market–Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Excimer and Femtosecond Ophthalmic Lasers, 2021-2028
12.3 Inorganic Growth Strategies
12.3.1 Overview
12.4 Organic Growth Strategies
12.4.1 Overview
13. Company Profiles
13.1 Bausch Health Companies Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Alcon Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Carl Zeiss AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EXCELSIUS MEDICAL GMBH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Ziemer Ophthalmic Systems
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SCHWIND EYE-TECH-SOLUTIONS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NKT Photonics A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type US$ Mn)
Table 2. Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 3. Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User US$ Mn)
Table 4. UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type US$ Mn)
Table 5. UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 6. UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User US$ Mn)
Table 7. France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
Table 8. France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 9. France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 10. Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
Table 11. Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 12. Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 13. Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
Table 14. Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 15. Spain Excimer and Femtosecond Ophthalmic Lasers Market, by End User – Revenue and Forecast to 2028 By End User (USD Million)
Table 16. Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Product Type (US$ Mn)
Table 17. Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 18. Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 19. Recent Inorganic Growth Strategies in the Excimer and Femtosecond Ophthalmic Lasers
Table 20. Recent Organic Growth Strategies in the Excimer and Femtosecond Ophthalmic Lasers Market
Table 21. Glossary of Terms, Europe Excimer & Femtosecond Ophthalmic Lasers Market
LIST OF FIGURES
Figure 1. Europe Excimer & Femtosecond Ophthalmic Lasers Market Segmentation
Figure 2. Europe Excimer & Femtosecond Ophthalmic Lasers Market Segmentation, By Country
Figure 3. Europe Excimer & Femtosecond Ophthalmic Lasers Market Overview
Figure 4. Femtosecond Laser Segment Held the Largest Share of the Type Segment in Europe Excimer & Femtosecond Ophthalmic Lasers Market
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Europe and PEST Analysis
Figure 7. Europe Excimer & Femtosecond Ophthalmic Lasers Market – Revenue Forecast and Analysis – 2019- 2028
Figure 8. Europe Excimer & Femtosecond Ophthalmic Lasers Market, By Product Type 2021 & 2028 (%)
Figure 9. Europe Excimer Laser Market Revenue and Forecasts to 2028 (US$ Million)
Figure 10. Europe Femtosecond Laser Market Revenue and Forecasts to 2028 (US$ Million)
Figure 11. Europe Excimer & Femtosecond Ophthalmic Lasers Market, By Application 2021 & 2028 (%)
Figure 12. Europe Refractive Surgery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Europe Suspension Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. Europe Capsulotomy Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Europe Trabeculoplasty Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Europe Diagnostics Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. Europe Excimer & Femtosecond Ophthalmic Lasers Market Share, by End User, 2021 and 2028 (%)
Figure 18. Europe Hospitals: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Ophthalmic Clinics: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Europe Ambulatory Surgical Centers: Excimer & Femtosecond Ophthalmic Lasers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Europe: Excimer and Femtosecond Ophthalmic Lasers Market Revenue Overview, By Country, 2021 (US$ MN)
Figure 22. Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028, By Country (%)
Figure 23. Germany Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. UK Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. France Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Italy Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Spain Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Rest of Europe Excimer and Femtosecond Ophthalmic Lasers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic in European Country Markets
Figure 30. Growth Strategies in the Excimer and Femtosecond Ophthalmic Lasers, 2021-2028
- Alcon Inc.
- Bausch Health Companies Inc.
- Carl Zeiss AG
- iVIS
- NKT Photonics A/S
- SCHWIND eye-tech-solutions
- Ziemer Ophthalmic Systems
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