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Orthopedic Braces And Support Devices And Equipment Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Orthopedic Braces And Support Devices And Equipment
What Is the Projected Growth of the Ophthalmic Medical Lasers Market?
The ophthalmic medical lasers market has grown significantly, moving from $1.26 billion in 2024 to $1.34 billion in 2025 at a CAGR of 6.8%. Factors such as the aging population, a higher demand for minimally invasive eye surgeries, rising disposable incomes, increasing awareness of ophthalmic medical lasers, and the growing incidence of myopia contribute to this growth.
The ophthalmic medical lasers market is forecasted to grow steadily, expected to hit $1.8 billion by 2029 at a CAGR of 7.6%. Growth will be driven by the rise in eye disorders, diabetes, regenerative treatments, and preventive care efforts. Key trends include advanced laser systems, integration with gene therapy, and OCT (optical coherence tomography) technologies.
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What Are the Different Ophthalmic Medical Lasers Market Segments?
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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What Are the Primary Drivers Shaping the Ophthalmic Medical Lasers Market?
The growing occurrence of eye-related conditions is fueling demand in the ophthalmic medical lasers market. These disorders, which impair vision, are increasingly being treated with laser procedures that reshape the cornea for improved eyesight. For example, the CDC reported in December 2022 that about 20.5 million Americans aged 40 and above have cataracts in at least one eye, with that number expected to rise to 30 million by 2028, thereby contributing to the expansion of this market.
Which Companies Are Leading in 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 Trends Are Expected to Dominate the Ophthalmic Medical Lasers Market in the Next 5 Years?
In the ophthalmic medical lasers market, companies are emphasizing the development of new products such as Xipere to enhance treatment reliability. In January 2022, Clearside Biomedical Inc. received FDA approval for Xipere, a corticosteroid formulation delivered via the suprachoroidal space for treating macular edema caused by uveitis, using the company's proprietary microinjector technology.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ophthalmic Medical Lasers Market?
2. What is the CAGR expected in the Ophthalmic Medical Lasers Market?
3. What Are the Key Innovations Transforming the Ophthalmic Medical Lasers Industry?
4. Which Region Is Leading the Ophthalmic Medical Lasers Market?
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