PUBLISHER: The Business Research Company | PRODUCT CODE: 1694675
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694675
Ophthalmic lasers are specialized medical devices that utilize concentrated light beams to perform precise surgical procedures on the eye, addressing conditions such as cataracts, glaucoma, and retinal disorders. These lasers offer a minimally invasive and highly targeted approach to vision correction and the management of eye diseases.
The primary types of ophthalmic lasers include femtosecond lasers, excimer lasers, neodymium-doped yttrium aluminum garnet (Nd,YAG) lasers, diode lasers, and other variations. Femtosecond lasers, for instance, emit extremely short pulses of light, with each pulse lasting just a few femtoseconds (1 femtosecond = 10-15 seconds). In ophthalmology, femtosecond lasers are used for precise corneal surgeries, such as LASIK flap creation and cataract lens fragmentation. These lasers find applications in various medical procedures, including refractive error treatment, cataract treatment, glaucoma treatment, diabetic retinopathy treatment, age-related macular degeneration (AMD) treatment, among others. End-users of ophthalmic lasers encompass hospitals, ambulatory service centers, and ophthalmic clinics.
The ophthalmic lasers market research report is one of a series of new reports from The Business Research Company that provides ophthalmic lasers market statistics, including ophthalmic lasers industry global market size, regional shares, competitors with an ophthalmic lasers market share, detailed ophthalmic lasers market segments, market trends and opportunities, and any further data you may need to thrive in the ophthalmic lasers industry. This ophthalmic lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ophthalmic lasers market size has grown strongly in recent years. It will grow from $1.34 billion in 2024 to $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing incidence of eye disorders, aging population, rise in refractive surgeries, increased awareness and early diagnosis, expanding healthcare infrastructure, strategic collaborations in the healthcare sector.
The ophthalmic lasers market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising global geriatric population, growing lifestyle-related eye disorders, expansion of minimally invasive surgeries, increasing demand for aesthetic eye procedures, customization and personalization of treatments, collaborations in research and development. Major trends in the forecast period include advancements in photocoagulation techniques, focus on pediatric ophthalmic procedures, emergence of portable and handheld lasers, enhanced visualization technologies, rapid growth in refractive surgery market, collaborations for research and development.
The growing incidence of eye diseases is expected to drive the expansion of the ophthalmic laser market. Eye disorders, affecting the tissues and components of the eyes, can lead to symptoms and potential vision impairment. The increasing prevalence of eye conditions, such as glaucoma and diabetic retinopathy, is a key factor contributing to the growing demand for ophthalmic lasers. These lasers are designed for precise and targeted applications within the eye and are crucial for various ophthalmic treatments. For instance, as of November 2022, the Centers for Disease Control and Prevention reported that over 3 million Americans were affected by glaucoma, a condition that can damage the optic nerve. This number is expected to rise to 6.3 million by 2050. Therefore, the escalating incidence of eye diseases, including glaucoma, is expected to fuel the growth of the ophthalmic laser market.
The increasing healthcare expenditure is anticipated to drive the growth of the ophthalmic lasers market in the coming years. Healthcare expenditure refers to the financial resources allocated for healthcare services, including medical goods, public health activities, and administration. This growth is influenced by factors such as an aging population, advancements in medical technology, rising pharmaceutical costs, and the growing prevalence of chronic conditions. Higher healthcare expenditure supports the ophthalmic lasers market by enabling increased investments in advanced laser technologies and improving access to precise eye care treatments for a broader patient base. For instance, in June 2024, Health Affairs, a U.S.-based academic journal, reported that national healthcare expenditure in the U.S. is expected to rise from $4,799.3 billion in 2023 to $5,048.8 billion in 2024, a $249.5 billion increase. Therefore, the rise in healthcare spending is fueling the growth of the ophthalmic laser market.
Prominent companies in the ophthalmic laser market are directing their efforts toward the development of advanced laser technology, exemplified by devices such as the Capsulo Nd,YAG laser, to enhance vision correction procedures and expand their market presence. The Capsulo Nd,YAG laser is a fully integrated, user-friendly, and highly versatile platform designed for efficient and precise capsulotomy and iridotomy procedures. For instance, in April 2022, Lumibird Medical Nordics AB, a France-based medical equipment manufacturer, introduced the Capsulo Nd,YAG laser device. This device features exclusive high-quality optics, ensuring clear visibility into the anterior and posterior segments of the eye, and advanced illumination with a variable-height light tower offering dual illumination angles for anterior and posterior laser applications in capsulotomy and iridotomy treatments.
In April 2023, Necsel Intellectual Property Inc., a US-based company specializing in high-powered visible lasers, acquired Blue Sky Research Inc. for an undisclosed amount. This acquisition is aimed at expanding Blue Sky Research's product line, leveraging its global footprint and sales support, and enhancing its knowledge and intellectual property portfolio in the component and laser solutions markets. Blue Sky Research Inc. is a US-based manufacturer of high-performance fiber-coupled laser devices and modules for medical and ophthalmology applications.
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
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.
The countries covered in the ophthalmic lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ophthalmic laser market consists of sales of solid-state lasers, lasers with fiber technology, and optically pumped semiconductor lasers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ophthalmic Lasers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ophthalmic lasers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ophthalmic lasers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ophthalmic lasers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.