Excimer & Femtosecond Ophthalmic Lasers Market to Reach US$ 1,118.64 Million by 2028

According to our new research study on "Excimer & Femtosecond Ophthalmic Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application, and End User," the market is expected to reach US$ 1,118.64 million by 2028 from US$ 795.68 million in 2021; it is estimated to grow at a CAGR of 5.0% during 2021-2028. The report highlights trends prevailing in the market and factors driving its growth. The excimer & femtosecond ophthalmic lasers market growth is mainly attributed to a significant rise in elderly population, and increase in the number of cataract and refractive surgeries. However, the high cost of ophthalmology surgeries and devices hampers the growth of the market.

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Key Players : Bausch Health Companies Inc; Alcon Inc; ZEISS International; Nidek Co Ltd; Ivis Technologies; Excelsius Medical Gmbh; Ziemer Ophthalmic Systems; Schwind Eye-Tech-Solutions; Lensar, Inc; and NKT Photonics A/S are among the leading companies operating in the excimer & femtosecond ophthalmic lasers market.

Based on product type, the excimer & femtosecond ophthalmic lasers market is segmented into excimer laser and femtosecond laser. In 2021, the femtosecond laser segment would hold a larger share of the market. This segment is further expected to register a higher CAGR in the market during 2021-2028. In June 2019, LENSAR Inc., a developer of next-generation femtosecond laser technology for refractive surgery, received 510(k) clearance from the US Food and Drug Administration for the LENSAR Laser System with Streamline IV. The approval expands of the platform's capabilities to include the creation of micro-radial incisions that allow surgeons to treat additional corneal conditions post cataract surgery.

The excimer & femtosecond ophthalmic lasers market, by application, is segmented into refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. Based on end user, the market is segmented into hospitals, ophthalmic clinics, and ambulatory surgical centers.

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