North America Excimer and Femtosecond Ophthalmic Lasers Market

Market Introduction

The North America excimer & femtosecond ophthalmic lasers market is analyzed on the basis of three major countries: the US, Canada, and Mexico. The US holds the largest size of the excimer & femtosecond ophthalmic lasers market. North America held a prominent position in the global market due to growing healthcare expenditure in the U.S. and the development of world-class healthcare infrastructure in the country. Further, the growing prevalence of ophthalmic disorders is anticipated to underpin the demand for these products in the region.

During the initial surge in the COVID-19 spread, healthcare systems in the US quickly adapted to reduce disease transmission and reserve capacity for the infected. Although elective and non-urgent procedures were initially required to be delayed, prolonged delays or cancellations could lead to other public health crises due to preventable and chronic diseases. The disease was increasingly becoming a cause for concern throughout the healthcare field, including the ophthalmology community. According to the National Eye Institute, more than 150 million Americans have a refractive error, the most common type of vision problem. According to NVISION Eye Centers, as of June 2018, about 9.5 million Americans had undergone eye surgery. The Centers for Disease Control and Prevention (CDC) has issued mitigation plans, including a recommendation to cancel or reduce elective procedures. Ophthalmologists had to seriously consider both the intensity of clinic scheduling and the issue of elective surgeries, particularly in elderly patients and those with chronic medical conditions.

As ophthalmologists resumed the full spectrum of surgical practices, the medical institutes offered guidance on how the COVID-19 pandemic would affect surgical decision-making, particularly regarding the indications for preoperative testing of patients and personal protective equipment (PPE) by surgeons and personnel during surgical interventions. In general, the scientific basis for assessing the risk of SARS-CoV-2 infection in most ophthalmic surgeries is early and evolving. The observations and guidance would expand and change as science progresses. Even after the easing of the restrictions, the fear of COVID-19 infection led many patients to cancel or postpone appointments for examinations with physical visits. Refractive surgery has indeed proven to be an exception and, at this moment, appears to have benefited from a kickstart during the COVID-19 era. Laser vision correction (LVC) procedures have been put on hold, including LASIK, SMILE, and PRK. More than 17 months after the wake of the pandemic, the US refractive sector is thriving.  

Market Overview and Dynamics

The excimer & femtosecond ophthalmic lasers market in North America is expected to grow from US$ 302.66 million in 2021 to US$ 435.71 million by 2028; it is estimated to grow at a CAGR of 5.3% 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 the 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

North America excimer & femtosecond ophthalmic lasers market is segmented into product type, application, end-user, and country. North America 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. North America 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 North America excimer & femtosecond ophthalmic lasers market is segmented into hospitals, ophthalmic clinics, and ambulatory surgical centers. The hospital segment held the largest share of the market in 2021. Based on country, the North America excimer & femtosecond ophthalmic lasers market is segmented into the US, Canada, and Mexico. The US 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 North America are company websites, annual reports, financial reports, national government documents, and statistical databases, among others. Major companies listed in the report are Alcon Inc.; Bausch Health Companies Inc.; iVIS; LENSAR, Inc.; NKT Photonics A/S; SCHWIND eye-tech-solutions; ZEISS International; and Ziemer Ophthalmic Systems.         

Reasons to buy report

• To understand the North America excimer & femtosecond ophthalmic lasers market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America excimer & femtosecond ophthalmic lasers market.
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America excimer & femtosecond ophthalmic lasers market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America

North America Excimer &

• Femtosecond Laser
• Excimer Laser

North America Excimer & Femtosecond Ophthalmic Lasers Market - By

Application

• Refractive Surgery
• Cataract Surgery
• Capsulotomy
• Trabeculoplasty
• Diagnostics

North America Excimer & Femtosecond Ophthalmic Lasers Market - By End User

• Hospitals
• Ophthalmic Clinics
• Ambulatory Surgical Centers

North America Excimer & Femtosecond Ophthalmic Lasers Market - By Country

• US
• Canada
• Mexico

North America Excimer & Femtosecond Ophthalmic Lasers Market - Company Profiles

• Alcon Inc.
• Bausch Health Companies Inc.
• iVIS
• LENSAR, Inc.
• NKT Photonics A/S
• SCHWIND eye-tech-solutions
• ZEISS International
• Ziemer Ophthalmic Systems

North America Excimer and Femtosecond Ophthalmic Lasers Strategic Insights

Strategic insights for the North America Excimer and Femtosecond Ophthalmic Lasers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Excimer and Femtosecond Ophthalmic Lasers Report Scope

North America Excimer and Femtosecond Ophthalmic Lasers Regional Insights

The geographic scope of the North America Excimer and Femtosecond Ophthalmic Lasers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.