Overview and Scope
Ophthalmic medical lasers are used in the treatment of diseases related to the eye.
Sizing and Forecast
The ophthalmic medical lasers market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to aging population, demand for minimally invasive eye surgeries, rising disposable incomes, increasing awareness of ophthalmic medical lasers, increase in myopia.
The ophthalmic medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to continued growth in the prevalence of eye diseases, rising incidence of diabetes, regenerative medicine, growing focus on preventive eye care, government initiatives f. Major trends in the forecast period include advancements in laser technology, advancements in ophthalmic medical lasers, gene therapy and lasers, optical coherence tomography (oct) integration.
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Segmentation & Regional Insights
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
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 ophthalmic medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The rising incidence of ocular disorders is driving the demand for the ophthalmic medical lasers market. Ocular disorders are the ones that affect vision and eye health in patients of all ages and treatment with lasers helps reshape the eye cornea for better focus, which contributes to an improved vision. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40 have a cataract in at least one eye, or 17.2% of the population. It is anticipated that approximately 30 million people will develop cataracts by 2028. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market
Key Industry Players
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.
The ophthalmic medical lasers market report table of contents includes:
1. Executive Summary
2. Ophthalmic Medical Lasers Market Characteristics
3. Ophthalmic Medical Lasers Market Trends And Strategies
4. Ophthalmic Medical Lasers Market – Macro Economic Scenario
5. Global Ophthalmic Medical Lasers Market Size and Growth
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26. South America Ophthalmic Medical Lasers Market
27. Brazil Ophthalmic Medical Lasers Market
28. Middle East Ophthalmic Medical Lasers Market
29. Africa Ophthalmic Medical Lasers Market
30. Ophthalmic Medical Lasers Market Competitive Landscape And Company Profiles
Top Major Players:
- Alcon Laboratories Inc
- Abbott Medical Optics Inc
- Carl Zeiss Meditec AG
- Bausch & Lomb Incorporated
- Topcon Corporation
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