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Global excimer laser market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5% during the forecast period.
Global Excimer Laser Market
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Global excimer laser market Definition
An excimer laser is a form of ultraviolet (UV) laser and it normally uses a combination of reactive gas like chlorine or fluorine and noble gases such as xenon, krypton, or argon. The emission wavelength of an excimer laser is based on the molecules used and is ranging from 126 nm to 351 nm.
Global excimer laser market Dynamics
A growing use of excimer lasers in applications such as for production of semiconductor-based chips or integrated circuits, microelectronic devices and in micromachining and eye surgery applications is the major driving factor behind the growth of the market. An increasing spending in research and development activities and technological advancements in the field of excimer lasers, rising significance of excimer lasers in research laboratory equipments, growing demand for excimer laser based devices for industrial and healthcare applications are expected to improve the growth of the market during the forecast period.
Nonetheless, harmful side effects of excimer laser light treatment and high costs associated with the excimer laser devices or instruments are the major restraining factors that could restrict the growth of the market.
Global Excimer Laser Market: Segmentation Analysis
By application, photolithography segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Excimer lasers are currently dominating the lithography industry. A surge in the adoption of excimer lasers in high-resolution photolithography machines for manufacturing process of microelectronic chips is accredited to the growth of the market. A growing demand of excimer laser in industrial applications such as in deep-ultraviolet photolithography for production of microelectronic devices, rising requirements of high resolution, high throughput, low cost and lamp-based lithography tools in semiconductor industry and ongoing development in the excimer laser lithography technology are expected to improve growth of the market during the forecast period.
However, medical use segment is projected to witness high growth at a CAGR of XX% during the forecast period. The UV light from an excimer laser is greatly absorbed by organic compounds and biological matter. A growing use of excimer lasers in micromachining application of organic material such as plastics and polymers and in critical surgeries such as surgery of an eye is attributed to the growth of the market. In addition, rising introduction of excimer laser by leading manufacturing companies for medical applications is ultimately propelling the growth of the market. For instance,
• In July 2019, Ra Medical Systems has launched Optimized, Pharos, and a dermatology excimer laser for the treatment of patients with atopic dermatitis, vitiligo and psoriasis.
• In Apr 2017, Nidek Co., Ltd a global leader in the manufacture, design, and distribution of lens edging, optometric, ophthalmic and equipment announced the launch of its NAVEX Quest M2 NIDEK Advanced Vision Excimer Laser System.
Global Excimer Laser Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the growing adoption of excimer laser in surgery treatment applications across the region.
A growing use of excimer laser in scientific research applications such as in pulsed laser deposition systems, rising significance of excimer lasers in medical and photolithography applications and growing market for laser based treatment methods are driving the growth of the market in NA region.
The objective of the report is to present a comprehensive analysis of the Global Excimer Laser Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Excimer Laser Market dynamics, structure by analyzing the market segments and projects the Global Excimer Laser Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Excimer Laser Market make the report investor’s guide.
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Scope of Global Excimer Laser Market: Inquire before buying
Global Excimer Laser Market, By Emission Wavelength
• Less Than 200 nm
• 200 nm – 300 nm
• More than 300 nm
Global Excimer Laser Market, By Application
• Photolithography
• Medical uses
• Scientific research
Global Excimer Laser Market, By Region
• North America
US
Canada
• Europe
UK
France
Germany
Italy
Spain
Norway
Russia
• Asia Pacific
China
India
Japan
South Korea
Australia
Malaysia
Indonesia
• South America
Brazil
Mexico
Argentina
• Middle East and Africa
Global Excimer Laser Market, Key Players
• Kera Harvest Inc.
• Alcon(Novartis)
• Scoperich Medical Devices Co., Ltd.
• PhotoMedex Inc.
• NIDEK Co., Ltd.
• SCHWIND eye-tech-solutions Gmbh & Co.KG
• WaveLight GmbH
• Carl Zeiss Meditec AG
• Abbott Medical Optics Inc. (AMO)
• Bausch & Lomb Incorporated
• TECHNOLAS Perfect Vision GmbH
• Gigaphoton Inc
• Coherent, Inc
• Wavelength Opto-Electronic (S) Pte Ltd.
• AMS Technologies AG
• Laser 2000 GmbH
• Radiant Dyes Laser & Accessoires GmbH
• Ziemer Ophthalmic Systems AG
• Ra Medical Systems
• XX
• XX
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