Health & Safety Industry Today

Ophthalmic Lasers Market Trends, Growth Opportunities & Forecast 2023-2028

The rising desire for painless, cost-effective ophthalmic therapies is driving the global market for ophthalmic lasers.
Published 10 August 2023

The global ophthalmic lasers market size reached US$ 1.2 Billion in 2022. Looking forward, the market expected to reach US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.91% during 2023-2028, according to the latest research report by IMARC Group.

An ophthalmic laser is a type of medical device used to treat cells in the eye and treat ophthalmic conditions. The laser beam creates a concentrated area of brilliant, monochromatic light inside the eye. It also has a laser pump, cooling system, laser medium, laser cavity, and a slit lamp biomicroscope in addition to the laser beam. These lasers offer pain-free procedures and are easily available, accurate, low-cost, safe to operate, and convenient to use. Ophthalmic lasers are used for performing various procedures, such as cataract surgery, posterior capsulotomy, retinal photocoagulation, laser trabeculoplasty, and laser iridotomy.

Global Ophthalmic Lasers Industry Trends and Drivers:

The rising desire for painless, cost-effective ophthalmic therapies is driving the global market for ophthalmic lasers. Concurrently, the need for efficient laser eye operations to avoid blindness and other vision impairments has increased due to the rising prevalence of chronic and contagious eye illnesses. Additionally, the demand for ophthalmic lasers is catalyzed by the growing geriatric population, which suffers from several age-related problems, such as glaucoma, diabetic eye diseases, and cataracts.

Moreover, technological advancements in surgical procedures have enhanced the accuracy and success rates of ophthalmic laser surgeries, which is creating a positive impact on the market further. Apart from this, rising regulatory approvals for new products, extensive research and development (R&D) activities in the eye-care segment, escalating concerns for vision-health management, and the rising establishment of ophthalmic clinics and hospitals are contributing to the market growth.

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Who are the key players operating in the industry?

The report covers the major market players including:

  • Alcon Laboratories Inc. (Novartis AG),
  • Johnson & Johnson Surgical Vision Inc.,
  • Bausch + Lomb,
  • Ellex Medical Lasers Limited,
  • IRIDEX Corporation,
  • Lumenis, Topcon,
  • A.R.C. Laser,
  • Abbott Medical Optics,
  • Calmar Laser,
  • Carl Zeiss Meditec,
  • Meridian,
  • Nidek,
  • Optos,
  • Quantel,
  • Ziemer, etc.

What is included in market segmentation?

The report has segmented the market into the following categories:

 Breakup by Product:

  • Diode Lasers
  • Femtosecond Lasers
  • Excimer Lasers
  • Nd: YAG Lasers
  • SLT Lasers
  • Others

On the basis of the product type, the market has been divided into diode lasers, femtosecond lasers, excimer lasers, Nd: YAG lasers, SLT lasers, and others.

Breakup by Indication:

  • Glaucoma
  • Cataract Removal
  • Refractive Error Corrections
  • Diabetic Retinopathy
  • Others

Based on the indication, the market has been segmented into glaucoma, cataract removal, refractive error corrections, diabetic retinopathy, and others.

Breakup by End-User:

  • Hospitals
  • Eye Clinics
  • Others

On the basis of the end user, the market has been segregated into hospitals, eye clinics and others.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

On a regional basis, the market has been spread across North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.

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