Global Ophthalmic Lasers Market to Reach US$ 1.9 Billion by 2032, Impelled by Rising Prevalence of Chronic Eye Diseases

April 13, 2021 | Healthcare

According to the latest report by IMARC Group, titled “Ophthalmic Lasers Market Report by Product (Diode Lasers, Femtosecond Lasers, Excimer Lasers, Nd: YAG Lasers, SLT Lasers, and Others), Indication (Glaucoma, Cataract Removal, Refractive Error Corrections, Diabetic Retinopathy, and Others), End-User (Hospitals, Eye Clinics, and Others), and Region 2024-2032,” the global ophthalmic lasers market reached a value of US$ 1.3 Billion in 2023. An ophthalmic laser is a type of medical equipment used to cure ophthalmic disorders and treat cells present in the eye. The laser beam emits a bright, monochromatic light that focuses on a specific location in the eye. Other than the laser beam, it also includes a laser pump, cooling system, laser medium, laser cavity, and a slit lamp biomicroscope. 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 Market Trends:

The global ophthalmic lasers market is being driven by the increasing demand for cost-effective, pain-free ophthalmic treatments. In confluence with this, the rising prevalence of chronic and communicable eye diseases has led to the escalating requirement for effective laser eye procedures to prevent permanent blindness and other vision impairments. 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. Looking forward, the market value is expected to reach US$ 1.9 Billion by 2032, expanding at a CAGR of 4.4% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been divided into diode lasers, femtosecond lasers, excimer lasers, Nd: YAG lasers, SLT lasers, and others.
  • Based on the indication, the market has been segmented into glaucoma, cataract removal, refractive error corrections, diabetic retinopathy, and others.
  • On the basis of the end-user, the market has been segregated into hospitals, eye clinics and others.
  • On a regional basis, the market has been spread across North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being 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, and Ziemer.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Indication, End-User, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 and Ziemer
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Ophthalmic Lasers Market to Reach US$ 1.9 Billion by 2032, Impelled by Rising Prevalence of Chronic Eye Diseases
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