Excimer Laser Market Set to Reach $1.02 Billion by 2029 with 10.5% Yearly Growth

Which drivers are expected to have the greatest impact on the over the excimer laser market's growth?
The rising incidence of eye problems is anticipated to fuel the expansion of the excimer laser market. The surge in eye-related issues can be attributed to various factors including increased duration of screen exposure, environmental contributors, chronic health issues, a deficiency in preventative care, and lifestyle elements. Used to restructure the cornea and rectify vision complications such as myopia, hyperopia, and astigmatism, excimer lasers play a crucial role in eye disorder treatment. For example, a report released by the National Health Services, a government organization in the USA, stated that there were 8,400 low vision evaluations performed between 2023-24 in August 2024, marking a 3.7% rise from the previous year (2022-23). Out of these assessments, 87.2% were initial evaluations, with the remaining 12.8% being follow-up appointments. Thus, the escalating frequency of eye disorders has indeed become a key driver of the excimer laser market's growth.

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What is the future CAGR of the excimer laser market, and how will it impact industry expansion?
The market size for excimer lasers has experienced a swift expansion in the recent past. There is an expected increase from $0.62 billion in 2024 to $0.68 billion in 2025, equivalent to a compounded annual growth rate (CAGR) of 10.8%. The primary drivers for the growth witnessed in the preceding periods include heightened demand for sophisticated medical treatments, increased application in eye surgeries, expansion in semiconductor manufacturing, a rising number of skin-related conditions, and an overall surge in healthcare spending.

Anticipated to expand quickly in the coming years, the market size of the excimer laser is estimated to reach a value of $1.02 billion by 2029, with a CAGR of 10.5%. A number of factors are encouraging this growth during the forecast period including an increase in demand for non-invasive procedures, an aging population, expanding requirements in the healthcare sector, a boost in the prevalence of refractive errors, and a higher demand for electronic devices. The forecast period will also witness several key trends such as developments in technology, the implementation of AI and machine learning, the use of smart home devices and the influence of blockchain technology.

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What are the most significant trends transforming the excimer laser market today?
Key players in the excimer laser market are focusing on the creation of technologically superior solutions, such as excimer laser platforms. These platforms provide high precision with minimal thermal damage, using excimer lasers to project high-energy ultraviolet light. This technology is utilized in various areas, including medical procedures, material processing, and scientific research. For example, in January 2024, American healthcare company, Bausch + Lomb Corporation, secured approval from the U.S. Food and Drug Administration (FDA) for its TENEO Excimer Laser Platform, a notable breakthrough in LASIK vision correction surgery for both myopia and myopic astigmatism. The TENEO platform incorporates an advanced eye-tracking system that operates at 1,740 Hz, which is more than triple the laser's repetition speed. This feature allows for accurate laser ablation patterns, even when there are movements in the patient's eye.

Which key market segments comprise the excimer laser market and drive its revenue growth?
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 regions are at the forefront of excimer laser market expansion?
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.

Who are the leading players fueling growth in the excimer laser market?
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.

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What Is Covered In The Excimer Laser Global Market Report?

•Market Size Forecast: Examine the excimer laser market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the excimer laser market for a structured understanding.
•Key Players Overview: Analyze major players in the excimer laser market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the excimer laser market.
•Segment Contributions: Evaluate how different segments drive overall growth in the excimer laser market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the excimer laser market.
•Industry Challenges: Identify potential risks and obstacles affecting the excimer laser market.
•Competitive Landscape: Review strategic developments in the excimer laser market, including expansions, agreements, and new product launches.

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