Market Dynamics

Substantial increase in number of patients in hospitals suffering from peripheral vascular disease, artery blockage problems and rapid advancements in medical devices for faster treatment are major factors expected to drive the growth of global excimer laser market. Changing lifestyle pattern and consumption of unhealthy food is affecting the people life by various disorders. According to U.S. Department of Health & Human Services approximately 6.5 million people age 40 and older in the United States have peripheral vascular disease. It's estimated about 3 to 4 million U.S. adults have the disorder called INOCA, which stands for Ischemia but No Obstructive Coronary Artery Disease and is more common in women. Consumer approach towards minimal invasive surgical procedure especially among geriatric population is increasing. Healthcare practitioner’s preference for excimer lasers due to high-power ultraviolet output that aid in easy and flawless surgery. These are factors positively impacting the growth of excimer laser target market. High investment by major players and focus on new product launches is expected to boost the growth of excimer laser market.

In 2019, Ra Medical Systems Inc. a global medical device manufacturer launched Pharos, Optimized a next generation of Pharos excimer lasers. The product is designed to enhance physician and patient experience with faster treatments for psoriasis, vitiligo, and atopic dermatitis; extended peak performance. The product launch is helped the company to enhance its customer base.

In 2018, STRATA Skin Sciences a medical technology company in dermatology and plastic surgery launched new XTRAC S3 308nm Laser. The product was launched in US market and helped the company to strengthen its position in US market.

In 2010, SCHWIND eye-tech-solutions GmbH launched 750 Hz and 500 Hz version of its Amaris excimer laser system. The system is combination of speed and safety and also features six-dimensional, active 1,050 Hz eye tracking. This product launch helped the company to attract new customers and enhance the product portfolio.

Developing healthcare regulatory scenario in developing countries, flourishing medical industry, and surfacing of small & mid-size enterprises with innovative solutions are factors expected to augment the growth of excimer laser market. In addition, players focus on tracking the untapped market in emerging economies is expected to support the growth. Factor such as high cost of devices and complex regulatory scenario by the government related to product approval are expected to hamper the growth of global excimer laser market. In addition, lack of developed infrastructure for the adoption of advanced devices is expected to challenge the growth of target market. However, high investment for product development and integration of advanced analytics for high precision are factors expected to create new opportunities for players operating in the excimer laser market. In addition, increasing partnership and agreements between international and regional players is expected to support the growth of target market. 

Segment Analysis By Region

The market in North America is expected to account for major revenue share in the excimer laser market due to increasing demand from hospitals and clinics. In addition, presence of large number of players operating in the country and new product launches to attract new customers is expected to boost the growth of regional market.

The market in Asia Pacific is expected to witness faster growth in the excimer laser market due to high government spending on development of healthcare sector. In addition, increasing business development activities through merger & acquisition is expected to augment the growth of market in countries such as India and South Korea.

Competitive Landscape

The global excimer laser market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Excimer Laser Market Segment Analysis, 2019

The global excimer laser market is segmented into application and end use. The application segment is bifurcated into coronary atherectomy, peripheral vascular disease, removal of cardiac leads, acute myocardial infarction and saphenous vein grafts, and removal of artery blockages. Among application the peripheral vascular disease segment is expected to account for noticeable revenue share in the global excimer laser market. The end use segment is divided into hospitals, specialty clinics, ambulatory surgical centers, and others. Among the end use hospital segment is expected to account for major revenue share in the target market due to high government spending on development of hospital infrastructure in order to deliver better and advanced care to patients.

The players profiled in the report are Alcon, Inc., Coherent, Inc., NIDEK Co. Ltd., Wavelength Opto Electronic (S) Pte Ltd., Laser 2000 GmbH, AMS Technologies AG, Ziemer Ophthalmic Systems AG, and Radiant Dyes Laser & Accessories GmbH.

Market Segmentation

Market By Application

Coronary Atherectomy
Peripheral Vascular Disease
Removal of Cardiac Leads
Acute Myocardial Infarction and Saphenous Vein Grafts
Removal of Artery blockages

Market By End-Use

Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Others

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa