Excimer Laser Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

How Will the Excimer Laser Market Grow, and What Is the Projected Market Size?
In recent times, there has been a swift expansion in the excimer laser market size. It's anticipated to increase from $0.62 billion in 2024 to $0.68 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.8%. The growth during the historic period is primarily due to the escalating demand for sophisticated medical procedures, enhanced use in eye surgery, advancement in semiconductor manufacturing, increasing cases of skin disorders, and a rise in healthcare spending.

Expectations for the excimer laser market suggest a swift expansion in the coming years. The forecast predicts a growth to $1.02 billion by 2029, boasting a compound annual growth rate (CAGR) of 10.5%. This growth is likely due to factors such as the increased need for non-invasive procedures, an aging population, heightened demand within the healthcare sector, a rise in refractive errors, and a surge in needs for electronic devices. The prediction period also sees the rise of various trends like technological breakthroughs, integration of AI, machine learning, smart home technology, and the utilization of blockchain.

What Key Elements Are Boosting Growth in the Excimer Laser Market?
The escalating incidence of eye conditions is anticipated to boost the expansion of the excimer laser market. The surge in eye conditions stems from diverse aspects like enhanced screen time, environmental influences, persistent health issues, an absence of preventive care, and lifestyle choices. The excimer laser is utilized to mold the cornea and rectify visual impairments like myopia, hypermetropia, and astigmatism. For example, as per a report delivered by National Health Services, an organization based in the U.S., in August 2024, 8,400 low vision examinations took place during the year 2023-24, symbolizing a rise of 3.7% from the previous year 2022-23. Of these examinations, 87.2% were first evaluations, while the residual 12.8% were follow-up appointments. Consequently, the escalating occurrence of eye conditions is facilitating the expansion of the excimer laser market.

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Who Are the Major Industry Players Fueling Excimer Laser Market Expansion?
Major companies operating in the excimer laser market are Abbott Laboratories, Carl Zeiss AG, Alcon Inc., TRUMPF GmbH + Co. KG, Nikon Corporation, Bausch & Lomb Incorporated, Coherent Inc., IPG Photonics Corporation, Hoya Corporation, Advanced Medical Optics Inc., Lumenis Ltd., SUSS MicroTec SE, Jenoptik AG, LASIK Vision Correction Inc., Gigaphoton Inc., TECHNOLAS Perfect Vision GmbH, Ellex Medical Lasers Limited, SCHWIND eye-tech-solutions GmbH & Co. KG, Radiant Dyes Laser & Accessoires GmbH, Ziemer Ophthalmic Systems AG, A.R.C. Laser GmbH, FEMTO LASER Inc., WaveLight GmbH, LightMachinery Inc.

Who Are the Major Industry Players Fueling Market Expansion?
Leading enterprises within the excimer laser market are producing cutting-edge solutions such as excimer laser platforms. These platforms serve to deliver precise, high-energy UV light with minimal thermal damage, making them ideal for utilization in medical procedures, materials processing, and research. For instance, back in January 2024, Bausch + Lomb Corporation, an American healthcare company, was granted approval by the U.S. Food and Drug Administration (FDA) for its TENEO Excimer Laser Platform. This approval marked a crucial progression in LASIK vision correction surgery for conditions like myopia and myopic astigmatism. The TENEO platform is equipped with an innovative eye-tracking system that functions at 1,740 Hz, over triple the laser's repetition rate, optimising its ability to deliver precise laser ablation patterns despite any movement of the patient's eyes.

How Is the Segmentation of the Excimer Laser Market Defined?
The excimer laser market covered in this report is segmented -

1) By Type Of Gases: Noble Gas, Halogen Gas, Buffer Gas
2) By Technology: Excimer Laser Gas Mixture, Excimer Laser Wavelength
3) By Application: Photolithography, Laser Surgery, Pulsed Laser Deposition, Laser Making O Glass And Plastic, Pumping Of Another Laser
4) By End User: Hospitals And Clinics, Semiconductor Industry, Automotive Industry, Other End Users

Subsegments:
1) By Noble Gas: Argon Fluoride (ArF) Lasers, Krypton Fluoride (KrF) Lasers, Xenon Fluoride (XeF) Lasers, Argon-Ion (Ar+) Lasers, Neon-Ion (Ne+) Lasers
2) By Halogen Gas: Chlorine (Cl2) Lasers, Fluorine (F2) Lasers, Bromine (Br2) Lasers, Hydrogen Fluoride (HF) Lasers, Hydrogen Chloride (HCl) Lasers
3) By Buffer Gas: Neon (Ne) As A Buffer Gas, Helium (He) As A Buffer Gas, Nitrogen (N2) As A Buffer Gas, Xenon (Xe) As A Buffer Gas, Hydrogen (H2) As A Buffer Gas

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What Is the Leading Region in the Excimer Laser Market?
North America was the largest region in the excimer laser market in 2024. The regions covered in the excimer laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Excimer Laser Global Market Report?

- Market Size Analysis: Analyze the excimer laser Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the excimer laser market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall excimer laser market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the excimer laser market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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