Press release
Transforming the Ophthalmic Medical Lasers Market in 2025: Rising Incidence Of Ocular Disorders Fuels Growth In The Ophthalmic Medical Lasers Market
What Is the Expected Size and Growth Rate of the Ophthalmic Medical Lasers Market?The market for ophthalmic medical lasers has experienced significant growth in size in the previous years. An expansion from $1.26 billion in 2024 to $1.34 billion in 2025 is anticipated, representing a compound annual growth rate (CAGR) of 6.8%. The increase during the historic period can be credited to factors such as an aging population, a growing preference for less invasive eye surgeries, a rise in disposable incomes, an escalating awareness of ophthalmic medical lasers, and a surge in myopia cases.
The market for ophthalmic medical lasers is anticipated to experience robust growth in the upcoming years, reaching a value of $1.8 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.6%. This growth during the prediction period can be ascribed to the continuing rise in eye disease rates, increasing instances of diabetes, regenerative medicine, and a heightened emphasis on preemptive eye care, backed by government initiatives. The forecast period will also witness significant trends such as advancements in laser and ophthalmic medical laser technology, gene therapy coupled with lasers, and integration of optical coherence tomography (OCT).
What Factors Are Fueling Growth in the Ophthalmic Medical Lasers Market?
The escalating prevalence of eye disorders is boosting the necessity for the ophthalmic medical lasers market. Such disorders impact the vision and eye health of patients across all ages, and laser treatment can amend the eye cornea for superior concentration, thereby leading to enhanced vision. For instance, the Centers for Disease Control and Prevention, a government agency based in the US, reported that around 20.5 million Americans aged over 40 had at least one eye affected by a cataract in December 2022, which equates to 17.2% of the population. By 2028, it is projected that nearly 30 million individuals will suffer from cataracts. The surge in eye diseases that require laser intervention fuels the expansion of the ophthalmic medical lasers market.
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Which Leading Companies Are Shaping the Growth of the Ophthalmic Medical Lasers Market?
Major companies operating in the ophthalmic medical lasers market include Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, NIDEK Co. Ltd., Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., Lumibird Medical, Quantel Inc., Coherent Inc., Ocular Instruments Inc., Ellex Medical Lasers Limited, LENSAR LLC, LIGHTMED Corporation, Menicon Co. Ltd., Novartis AG, Omeros Corporation, Oxurion NV, Pfizer Inc., Recipharm AB, Regeneron Pharmaceuticals Inc., Roche Holding AG, Rohto Pharmaceutical Co. Ltd., Santen Pharmaceuticals, SCHWIND eye-tech-solutions GmbH & Co. KG, Staar Surgical Company, Teva Pharmaceutical Industries Ltd., ThromboGenics NV, Veeva Systems Inc.
What Are the Major Trends Shaping the Ophthalmic Medical Lasers Market?
Leading firms in the ophthalmic medical laser market are prioritizing the creation of innovative products such as Xipere to offer reliable services to their clients. Xipere (triamcinolone acetonide) is a type of corticosteroid that is used for suprachoroidal injections to treat macular edema caused by eye inflammation. For example, in January 2022, Clearside Biomedical Inc, a US biopharmaceutical firm specializing in the creation of innovative drug delivery systems for eye disease treatment, received its first FDA approval for treating uveitis-induced macular edema. Xipere includes triamcinolone acetonide, a corticosteroid medicine for treating macular edema linked with uveitis. Xipere is sterile, preservative-free, and designed for suprachoroidal administration using Clearside's patented microinjector for the suprachoroidal space (SCS).
What Are the Key Segments of the Ophthalmic Medical Lasers Market?
The ophthalmic medical lasers market covered in this report is segmented -
1) By Product: Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy, ND:Yag Lasers, Other Products
2) By Application: Refractive Error Correction, Cataract Removal, Diabetic Retinopathy, Glaucoma, Age-Related Macular Degeneration, Other Applications
3) By End User: Hospitals, Specialty Clinics and Ambulatory Surgery Centres
Subsegments:
1) By Diode Lasers: Laser For Retinal Surgery, Laser For Cataract Surgery
2) By Femtosecond Lasers: Laser For Cataract Surgery, Laser For LASIK Surgery
3) By Excimer Lasers: Laser For Refractive Surgeries (LASIK, PRK), Laser For Corneal Surgery
4) By Aromatherapy: Lasers For Photodynamic Therapy, Laser For Tissue Treatment
5) By ND:YAG Lasers: Laser For Posterior Capsulotomy, Laser For Iridotomy
6) By Other Products: Laser For Glaucoma Treatment, Laser For Retinal Photocoagulation
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Which Region Dominates the Ophthalmic Medical Lasers Market?
North America was the largest region in the ophthalmic medical lasers market in 2023. Asia-Pacific was the second-largest region in the ophthalmic medical lasers market report. The regions covered in the smart watch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Ophthalmic Medical Lasers Global Market Report?
- Market Size Analysis: Analyze the Ophthalmic Medical Lasers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ophthalmic Medical Lasers 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 Ophthalmic Medical Lasers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ophthalmic Medical Lasers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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