2025-2034 Refractive Surgery Devices And Equipment Market Roadmap: Insights for Competitive Advantage

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How Large Will the Refractive Surgery Devices And Equipment Market Size By 2025?
The market for refractive surgery devices and equipment has seen substantial growth in the past few years. The market size is set to escalate from $0.95 billion in 2024 to approximately $1.02 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.2%. Factors that have contributed to this significant growth in the past include the high demand for vision correction, advancements in technology, a focus on patient safety and satisfaction, along with a growing elderly population.

How Big Is the Refractive Surgery Devices And Equipment Market Size Expected to Grow by 2029?
The market for refractive surgery devices and equipment is anticipated to experience substantial expansion in the coming years, with its value projected to reach $1.3 billion by 2029, thanks to a compound annual growth rate (CAGR) of 6.3%. This growth during the forecast period is chiefly due to the rise in customized refractive surgery, growth in emerging markets, control of myopia, and technological innovations. Key trends anticipated during this period include femtosecond laser-assisted cataract surgery, smile surgery, improved postoperative surveillance, and the incorporation of artificial intelligence (AI) in surgical planning.

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Which Key Market Drivers Powering Refractive Surgery Devices And Equipment Market Expansion and Growth?
The boost in the Refractive surgery devices and equipment market is largely due to the global growth in the elderly population that suffers from eye conditions. A primary contributor to vision loss in individuals aged over 65 is age-related macular degeneration. There is a high number of senior citizens who are experiencing refractive errors, necessitating immediate surgical intervention to correct their visual issues. As the number of elderly people increases each year, so does the need for refractive surgeries. To illustrate, the senior population in the US is on a steady rise and is projected that by 2030, 70 million Americans will have crossed the age of 65. About one-third of these older individuals suffer from optical disorders, stimulating the expansion of the refractive surgery devices and equipment market.

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Which Emerging Trends Are Transforming the Refractive Surgery Devices And Equipment Market in 2025?
Increasing technological advancements in refractive surgery has become the focal point for many businesses in the refractive surgery devices and equipment market. Advancements in technology used to correct refractive errors have broadened the scope of treatment, while also reducing time and labour expenses. Novel corneal refractive surgical methodologies such as femtosecond corneal surgery technique, pseudophakia intraocular lenses, corneal stiffening techniques like collagen crosslinking and intraocular rings and segments could significantly influence the market. For example, The Flex-Smile technique, which entails the use of an intrastromal femtosecond laser for lenticular corneal excision, has proven to be quite effective for myopic cases of up to 10 dioptres with astigmatism up to 3. Furthermore, advanced femtosecond laser surgical tools possess unique features like precise surgical control down to the micron in terms of diameter, depth, and edge angle, coupled with fast flap creation.

What Are the Emerging Segments in the Refractive Surgery Devices And Equipment Market?
The refractive surgery devices and equipment market covered in this report is segmented -

1) By Product Type: Microkeratome, Excimer Lasers, Femtosecond Lasers, YAG Lasers
2) By Application: Astigmatism, Near-sightedness, Farsightedness
3) By End User: Hospitals, Ambulatory Surgical Centres, Opthalmology Clinics

Subsegments:
1) By Microkeratome: Disposable Blades, Automated Microkeratome Systems
2) By Excimer Lasers: LASIK Excimer Lasers, PRK Excimer Lasers
3) By Femtosecond Lasers: Femtosecond LASIK Lasers, Femtosecond Cataract Lasers
4) By YAG Lasers: Posterior Capsulotomy YAG Lasers, Peripheral Iridotomy YAG Lasers

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Who Are the Global Leaders in the Refractive Surgery Devices And Equipment Market?
Major companies operating in the refractive surgery devices and equipment market include Alcon, Johnson & Johnson, Carl Zeiss AG, Valeant Pharmaceuticals, Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., STAAR Surgical Company, Avedro Inc., Lensar Inc., iVIS Technologies, SCHWIND eye-tech-solutions GmbH & Co. KG, Lumenis Ltd., Ellex Medical Lasers Limited., Visx, Refractec LLC, Topcon Corporation, HOYA Corporation, Glaukos Corporation, IRIDEX Corporation, Aaren-Scientific Inc., Lenstec Inc., Oculentis B.V., Ophtec B.V., Rayner Intraocular Lenses Limited, The HumanOptics AG, PhysIOL, Essilor International, NIDEK Co.Ltd., Quantel Medical SAS, Tracey Technologies, Abbott Medical Optics Inc., Oertli Instrumente AG, Topcon Corporation, Ophtec USA Inc., VisionCare Ophthalmic Technologies Inc., Visioneering Technologies Inc., Z-LASER Optoelektronik GmbH

Which are the Top Profitable Regional Markets for the Refractive Surgery Devices And Equipment Industry?
North America was the largest region in the global refractive surgery devices (or) equipment market in 2024. Asia-Pacific was the second-largest region in the refractive surgery devices (or) equipment market. The regions covered in the refractive surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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