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LASER SAFETY GLASSES MARKET ANALYSIS

LASER SAFETY GLASSES MARKET ANALYSIS<br>

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LASER SAFETY GLASSES MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. LASER SAFETY GLASSES MARKET ANALYSIS • Laser Safety Glasses Market, by Technology (Glass Laser Safety Eyewear, Polycarbonate Safety Glasses, Thin-film Glasses, Laser Protective Face Shields, and Intense Pulse Light Glasses), by Application (Automotive Manufacturing, Medical, Chemicals, Military and Defence and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Market Overview • Laser safety is the safe design, implementation, and use of lasers to reduce the risk of laser accidents, specifically eye injuries. Laser safety glasses are used in any environment where eyes could directly be exposed to laser radiations since even slightest amount of laser can lead to perpetual eye injury. The laser safety glasses provide comfortable eyewear that a user can wear with safety levels of optical density, which reduces or lessens potentially hazardous laser exposures to a level that is safe and below maximum permissible exposure levels. Optical density is a measure of reduction of energy passing through the laser filter or glass. Higher the reduction of energy, higher is the OD value and greater is the protection level. • The global laser safety glasses market was valued at US$ 373.1 Mn and 2,371.6 Thousand units in terms of volume by the end of 2019

  4. Market Dynamics- Driver • Strict regulatory policies concerning safety of workers are expected to drive growth of the global laser safety glasses market during the forecast period • Growing awareness and stringent government regulations regarding hazards laser could present have increased the demand for laser safety glasses significantly. Moreover, increasing options related to comfort and design of laser safety glasses offered by manufacturers are expected to boost the global laser safety glasses market growth during the forecast period. For instance, Occupational Safety and Health Administration (OSHA), an agency of the U.S. Department of Labor, has set standards for usage of Personal Protective Equipment (PPE) across different sectors and industries. According to the standards, the employer is entailed to provide employees with safety and healthful working environment. The regulations also prohibit employers from retaliating against employees for exercising their rights under the law. Moreover, the employees are allowed to file a complaint to have OSHA inspect their workplace, if they suspect the regulatory standards are not being followed. Hence, such regulatory scenarios are expected to drive the market growth in the near future. • Introduction of novel technology is increasing application of lasers and is expected to propel the global laser safety glasses market growth over the forecast period • Development of innovative and advanced laser technology has offered a wider scope for application of laser safety glasses in the medical field, especially in cosmetic surgery, eye surgery, oncology, dermatology, dentistry, etc. procedures. For instance, iLASIK is a revolutionary eye surgery that offers blade-free, fully customized laser vision correction. Intense laser beams used in this surgical procedure demands usage of good-quality glasses protection. Therefore, advancements in laser technology are expected to support the market growth over the forecast period. • Europe region dominated the global laser safety glasses market in 2019, accounting for 34.6% share in terms of value, followed by North America, and Asia Pacific, respectively.

  5. Market Dynamics- Restraints • Challenges for new entrants due to complex certification requirements are expected to restrain growth of the global laser safety glasses market during the forecast period • Laser safety glass manufacturers face a common challenge of complying with regulatory norms of respective regions/countries. All laser safety glasses sold in EU countries must conform to the laser protection requirement of the personal protective equipment (PPE) directive. For instance, all laser safety glasses must be tested and certified to EN 207 (or EN 208 for alignment glasses). Furthermore, such testing is carried out by a government-approved test house, and self-certification is not allowed for these standards. Hence, all laser safety glasses products sold in Europe are certified to EN 207 and EN 208. EN 207 and EN 208 standards refer to Optical Density (OD) specifications of laser safety glasses. Such factors are expected to restrain growth of the global laser safety glasses market over the forecast period. • Intense competition among manufacturers is expected to hinder the global laser safety glasses market over the forecast period • High market capability of laser safety glasses in medical sector has offered lucrative opportunities for international as well as regional market players. However, this has resulted in intense competition in the laser safety glasses industry, owing to continuous launch of innovative products by market players. Moreover, established players such as LASERVISION are focused on gaining competitive edge in the market through new product launches and novel features, which in turn, is increasing competition. Thus, highly competitive environment is expected to hamper the global laser safety glasses market growth in the near future.

  6. Market Opportunities • Growing popularity of laser surgery among populace is expected to present lucrative business opportunity • Laser surgeries have gained significant popularity, as they are painless, blade-less, leave no visible mark on patients. Furthermore, surgeries are predominantly used in dermatology and eye surgeries. This, in turn, has created major market potential opportunities for laser protection glass manufacturers to capitalize untapped market. • Increasing adoption of laser safety glasses in aviation industry, owing rising laser strikes on aircrafts • Laser-pointed strikes on aircraft have increased significantly in the U.S. In fact, pointing a laser at an aircraft is a federal crime in the U.S. A laser beam can temporarily blind pilots during critical times such as landing or taking off. According to Federal Aviation Administration (FAA), in 2018, around 5,663 laser incidents were reported in the U.S. Although the number has reduced from preceding years, laser strikes on aircraft remains a severe threat to aviation sector. This, in turn, has increased the demand for laser safety glasses in the aviation industry, thereby providing excellent growth opportunities for market players.

  7. Market Trends • Constant mergers and acquisitions among key market players • Key companies in the market are focused on mergers and acquisitions, in order to enhance their global market presence. For instance, in 2010, Honeywell acquired Sperian Protection, a leading provider of personal protective equipment. Moreover, Sperian Protection has a well-developed portfolio for laser safety products and strong distribution network, which can boost growth of Honeywell’s laser safety glasses business. • Direct sales to customers through e-commerce platforms • Key manufacturers in the market are focused on selling their products direct to consumers through online retail platforms. For instance, Laserglasses.com, an online store owned by Honeywell Safety Products USA Inc., sells laser safety glasses. Moreover, market players are selling their products via major e-commerce platforms such as Amazon.com and eBay.com to increase their customer reach. • Regulations • Australia & New Zealand • There are three important safety standards applicable to lasers in Australia • AS/NZS 2211.1 :1997 Laser Safety part 1: Equipment classification requirements and user guide • AS 2397: Safe use of lasers in building and construction industry • AS/NZS 4173: Guide to safe use of lasers in health care sector  • In Australia, though regulations on laser control are not addressed specifically in current legislation, an accident caused by a laser could fall within the domain of common law liability • Additionally, failure to implement appropriate safety standards would constitute breach of employers’ obligations set out in the workplace Health and Safety Act 1995 • Australian standards also classifies lasers on the basis of international classifications as mentioned previously in the report.

  8. Competitive Section • Key players involved in the global laser safety glasses market are Kentek Corporation, Honeywell International Inc., VS Eyewear, uvex group, Global Laser Ltd., Phillips Safety Products, Inc., NoIR Laser Company LLC, Thorlabs, Inc., Laser Safety Industries, and Univet Optical Technologies. • Key Developments • Major companies in the market are focused on product launch, in order to gain competitive edge in the market. For instance, in January 2017, Univet Optical Technologies introduced ‘Univet 5.0’, a specially designed safety glass for protection against laser beams. • Key players in the market are involved in product development, in order to enhance their market presence. For instance, in February 2012, Honeywell Safety introduced the Honeywell Rio laser safety eyewear, which can be used as standalone, plus can be used over prescription glasses.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/laser-safety-glasses-market-3409

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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