Press release
Rising Prevalence Of Eye Diseases Sparks Ophthalmic Laser Market Growth: A Key Factor Shaping the Future of the Ophthalmic Lasers Market in 2025
Ophthalmic Lasers Market Size
The ophthalmic laser market is anticipated to grow due to the increasing occurrence of eye disorders. Eye conditions impact the tissues and other components of the eyes, causing several symptoms and possible vision loss. The increase in eye disorders like glaucoma and diabetic retinopathy is a significant reason for the surge in demand for ophthalmic lasers. Ophthalmic lasers are designed for specific and targeted uses in the eye and play a crucial role in numerous eye treatments. For example, in November 2022, data from the Centers for Disease Control and Prevention revealed that over 3 million Americans were affected by glaucoma, a condition that can harm the optic nerve, and this statistic is predicted to rise to 6.3 million by 2050. Thus, the growth of ophthalmic laser market can be attributed to the elevated incidence of eye conditions and glaucoma. Ophthalmic Lasers Market Driver: Growing Healthcare Expenditure's Influence on The Ophthalmic Laser Market
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What is the future CAGR of the ophthalmic lasers market, and how will it impact industry expansion?
The market size for ophthalmic lasers has seen robust growth in the past years. This market is expected to expand from a worth of $1.34 billion in 2024 to a valuation of $1.43 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this advancement during the historical period include the growing occurrences of eye conditions, an aging population, the surge in refractive surgical procedures, heightened awareness and early detection, expanding healthcare frameworks, and strategic partnerships within the healthcare industry.
Anticipated to experience robust growth in the forthcoming years, the ophthalmic lasers market is projected to expand to a value of $1.76 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%. The anticipated growth during this forecasting period can be credited to factors such as the escalating geriatric population globally, the rise in eye disorders linked to lifestyle, the proliferation of minimally invasive surgeries, the growing demand for eye aesthetics procedures, personalization and customization in treatments, along with research and development partnerships. The forecast period will also likely witness notable trends such as advancements in photocoagulation techniques, an increased emphasis on pediatric ophthalmic procedures, the introduction of portable and handheld lasers, improved visualization technologies, a swift expansion in the refractive surgery market, coupled with collaborations for research and development.
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What are the most significant trends transforming the ophthalmic lasers market today?
The main companies in the ophthalmic laser market are concentrating on the advancement of laser technology, like the Capsulo Nd:YAG laser device, in order to refine vision correction procedures and broaden their market footprint. The Capsulo Nd:YAG laser device serves as a fully integrated, simple to use, and extremely adaptable laser platform that supports efficient and precise capsulotomy and iridotomy operations. Lumibird Medical Nordics AB, a French medical equipment manufacturing firm, for example, introduced the Capsulo Nd:YAG laser device in April 2022. This tool, remarkable with its distinct high-quality optics, provides flawless visibility into the front and back segments of the eye. In addition, its advanced illumination and a variable height light tower provide dual illumination angles of 16° and 7.5°, suitable for anterior and posterior laser applications in capsulotomy and iridotomy procedures.
Which key market segments comprise the ophthalmic lasers market and drive its revenue growth?
The ophthalmic lasers market covered in this report is segmented -
1) By Product Type: Femtosecond Lasers, Excimer Lasers, Neodymium-Doped Yttrium Aluminum Garnet (Nd:YAG) Laser, Diode Lasers, Other Products
2) By Application: Refractive Errors Treatment, Cataract Treatment, Glaucoma Treatment, Diabetic Retinopathy Treatment, Age-Related Macular Degeneration (AMD) Treatment, Other Applications
3) By End-User: Hospitals, Ambulatory Service Centers, Ophthalmic Clinics
Subsegments:
1) By Femtosecond Lasers: Laser Systems For Cataract Surgery, Laser Systems For Refractive Surgery, Laser Systems For Corneal Flap Creation
2) By Excimer Lasers: LASIK Laser Systems, PRK (Photorefractive Keratectomy) Laser Systems, Corneal Reshaping Systems
3) By Neodymium-Doped Yttrium Aluminum Garnet (Nd) Laser: Nd Laser Systems For Capsulotomy, Nd Laser Systems For Retinal Disorders, Nd Laser Systems For Glaucoma Treatment
4) By Diode Lasers: Diode Laser Systems For Retinal Photocoagulation, Diode Laser Systems For Glaucoma Treatment, Diode Laser Systems For Pterygium Surgery
5) By Other Products: Argon Lasers, KTP Lasers (Potassium Titanyl Phosphate), Holmium Lasers
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What regions are at the forefront of ophthalmic lasers market expansion?
North America was the largest region in the ophthalmic lasers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the ophthalmic lasers market?
Major companies operating in the ophthalmic lasers market report are Abbott Laboratories, Alcon Laboratories Inc., Bausch & Lomb Incorporated, Coherent Inc., Carl Zeiss Meditec AG, Topcon Corporation, Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., LUMIBIRD, Optos PLC, Lutronic Corporation, Quantel Medical SAS, NIDEK CO. Ltd., IRIDEX Corporation, Ellex Inc., Technolas Perfect Vision GmbH, LENSAR LLC, Lightmed GmbH, Ziemer Ophthalmic Systems AG, Ocular Instruments, SCHWIND eye-tech-solutions GmbH & Co. KG, NoIR Laser Company LLC, ASICO LLC., DEKA Laser, AcuFocus Inc., A.R.C. Laser GmbH, ATL Lasertechnik GmbH, Norlase, Alna-Medicalsystem GmbH, Luxium Solutions LLC
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What Is Covered In The Ophthalmic Lasers Global Market Report?
•Market Size Forecast: Examine the ophthalmic lasers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ophthalmic lasers market for a structured understanding.
•Key Players Overview: Analyze major players in the ophthalmic lasers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ophthalmic lasers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ophthalmic lasers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ophthalmic lasers market.
•Industry Challenges: Identify potential risks and obstacles affecting the ophthalmic lasers market.
•Competitive Landscape: Review strategic developments in the ophthalmic lasers market, including expansions, agreements, and new product launches.
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