The global Nd: YAG laser market is expected to grow at a CAGR of around 4.3% over the forecast period. Nd: YAG (neodymium-doped yttrium aluminum garnet) is a crystal that is used as a lasing medium for solid-state lasers. The laser is most commonly used to treat posterior capsular opacification after cataract surgery and to create a peripheral iridotomy in patients with narrow angles or angle-closure glaucoma. The factor that enhances the growth of the Nd: YAG laser market includes rising demand for high power pulsed laser welding technology in broad range of industries including automotive and metal processing.
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Along with this, there are variety of applications it is utilized in, which includes treatment of posterior capsular opacification after cataract surgery and creating a peripheral iridotomy in patients with narrow angles or angle-closure glaucoma. YAG lasers are also used to cut the anterior capsule for capsular block syndrome and capsular phimosis. Additionally, it is used for cutting vitreous strands in the anterior chamber. Thus, such range of applications is likely to fuel the growth of the Nd: YAG laser market during the forecast period.
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Amplitude Technologies SA, Astanza Laser LLC, Coherent Inc., Continuum Lasers, EKSPLA, Litron Lasers Ltd., LOTIS TII, Quantel Group, and Spectra-Physic among others are the key manufactures that encourages the global Nd: YAG Laser market growth. These market players are considerably contributing to the global Nd: YAG Laser market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the global Nd: YAG Laser market.
For instance, YC-1800 produced by Nidek Co., Ltd. is a tabletop device with its applications in ophthalmic, capsulotomy and iridotomy. Valon TT is a Multispot laser that uses Nd: YAG amplifying medium for retinal photocoagulation and ophthalmic applications. MD-920 (Meda Co., Ltd) is a tabletop device that is used for its application in capsulotomy and iridotomy. Optoslt Nano (Optotek d.o.o.) is a SLT device uses Nd: YAG and KTP as amplifying medium for its application in trabeculoplasty. Thus, such developments by the company is likely to affect the global Nd: YAG laser market during the forecast period.
RESEARCH METHODOLOGY
The market study of the Global Nd: YAG Laser market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
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Company websites and their product catalog
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
Global Nd: YAG Laser Market Research and Analysis by Emission Wavelength
Global Nd: YAG Laser Market Research and Analysis by End-use Industry
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Comprehensive research methodology of the Global Nd: YAG Laser market.
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Analysis of regional regulations and other government policies impacting the Global Nd: YAG Laser market.
Insights about market determinants which are stimulating the Global Nd: YAG Laser market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of market players.
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