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simplifies managing marketing of goods and services effectively. All the data
and statistics given in this market report are backed up by latest and proven
tools and techniques such as SWOT analysis and Porter’s Five Forces Analysis.
In the report, market overview is given in terms of drivers, restraints,
opportunities and challenges where each of this parameter is studied
scrupulously. With the latest and updated market insights mentioned in the
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Global
laser probe market is
expected to rise to an estimated value of USD 2024.77 million by 2026
registering a substantial CAGR in the forecast period of 2019-2026.
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Top
Manufacturers Covered in the Report:
Few of the major competitors currently working in the global
laser probe market are Novartis AG, Bausch & Lomb Incorporated, FCI,
REIMERS & JANSSEN GmbH, ADInstruments, Transonic, Lumenis, OphthalMed LLC,
Vitreq, IRIDEX Corporation, Quantel Medical, Katalyst Surgical, LLC, Vortex
Surgical, D.O.R.C. Dutch Ophthalmic Research Center (International) B.V.,
Monteris, Oertli Instrumente AG, among others.
Key Developments in
the Market:
·
In October 2018, Monteris announced that they
had received the U.S. FDA clearance for their “NeuroBlate Optic Laser Probe”.
The product is designed to use in “NeuroBlate System” which is a MRI-guided laser
thermotherapy in treatment of brain tumors and epileptic foci. The product is a
metal-thermocouple equipped with fiber optic controlled cooling capability
providing better levels of safety in treatment.
·
In March 2018, IRIDEX Corporation announced that
the “G-Probe Illuminate” product is ready for commercialization in the European
region after they received CE marking. The product is designed for targeted
transscleral cyclophotocoagulation (CPC). The probe offers combined
transillumination and is the third laser probe by the company equipped with
company’s “CYCLO G6 Glaucoma Laser System”. Due to its transillumination, the
physicians/surgeons can provide better placement of probes resulting in better
therapies.
Some of the key
questions answered in this report:
·
Detailed Overview of Laser Probe Market helps
deliver clients and businesses making strategies.
·
Influential factors that are thriving demand and
constraints in the market.
·
What is the market concentration? Is it
fragmented or highly concentrated?
·
What trends, challenges and barriers will impact
the development and sizing of Laser Probe Market?
·
SWOT Analysis of each key players mentioned
along with its company profile with the help of Porter’s five forces tool
mechanism to compliment the same.
·
What growth momentum or acceleration market
carries during the forecast period?
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Market Drivers
·
Growth in geriatric population resulting in greater
occurrence of ophthalmic disorders, is expected to drive the growth of the
market
·
Increasing prevalence of ophthalmic
diseases/disorders due to the increased prevalence of diabetic patients, this
factor is expected to drive the growth of the market
·
Increased applications of these devices for more
than just diagnostic usage, is expected to positively affect the growth of the
market
·
Rising incidences of cases where the usage of
probes are necessary, is expected to have a positive effect on the market
Market Restraints
·
Absence of knowledge and technically skilled
professionals required for usage of these devices, is expected to act as a
hindrance to the market growth
·
Presence of technologies and devices as an
alternative to laser probes, are expected to restrain the growth of the market
Competitive Analysis:
Global laser probe market is highly fragmented and the major
players have used various strategies such as new product launches, expansions,
agreements, joint ventures, partnerships, acquisitions, and others to increase
their footprints in this market. The report includes market shares of laser
probe market for global, Europe, North America, Asia-Pacific, South America and
Middle East & Africa.
Reasons to Purchase
this Report
·
Current and future of global laser probe market
outlook in the developed and emerging markets
·
The segment that is expected to dominate the
market as well as the segment which holds highest CAGR in the forecast period
·
Regions/Countries that are expected to witness
the fastest growth rates during the forecast period
·
The latest developments, market shares, and
strategies that are employed by the major market players
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