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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
Report Format: PDF+Excel | Report ID: SR112024A1293
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Market Overview:
The global ophthalmic lasers market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 1.3 Billion |
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Market Forecast in 2032
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US$ 1.9 Billion |
| Market Growth Rate (2024-2032) | 4.4% |
The ophthalmic laser is a medical equipment that is used to operate on ophthalmic disorders and to treat cells present in the eye. The laser beam emitted from the device is a source of clear and monochromatic light that focuses on a particular spot in the eye. It is an effective tool for clinical and therapeutic procedures. Ophthalmic lasers are used for a variety of disorders and procedures such as cataract surgery, posterior capsulotomy, retinal photocoagulation, laser trabeculoplasty, laser iridotomy, etc.
The rising demand for economical, harmless and pain-free ophthalmic laser therapies coupled with a rising global geriatric population represents key factors driving this market. The increasing incidences of chronic and communicable eye diseases has increased the consumer awareness for laser treatments in order to prevent blindness and visual impairment. Additionally, the demand for ophthalmic lasers is catalyzed by the growing geriatric population suffering from old-age related problems such as diabetic eye diseases, glaucoma, cataract, etc. Moreover, technological progression in procedures has enhanced the accuracy and success rates of ophthalmic laser surgeries, further creating a positive impact on the market. Furthermore, factors such as extensive R&D in the laser eye-care segment, escalating concerns for vision-health management, increasing number of ophthalmic clinics and hospitals, etc, are also contributing significantly to the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ophthalmic lasers market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product, indication, and end-user.
Breakup by Product:
- Diode Lasers
- Femtosecond Lasers
- Excimer Lasers
- Nd: YAG Lasers
- SLT Lasers
- Others
Breakup by Indication:
- Glaucoma
- Cataract Removal
- Refractive Error Corrections
- Diabetic Retinopathy
- Others
Breakup by End-User:
- Hospitals
- Eye Clinics
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market 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, Ziemer, etc.
Report Coverage:
| 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 |
| Regions 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, Ziemer, etc. |
| 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) |
The global ophthalmic lasers market was valued at US$ 1.3 Billion in 2023.
We expect the global ophthalmic lasers market to exhibit a CAGR of 4.4% during 2024-2032.
The growing adoption of ophthalmic lasers for performing numerous procedures, including cataract surgery, posterior capsulotomy, retinal photocoagulation, etc., as they are easily available, accurate, safe to operate, etc., is primarily driving the global ophthalmic lasers market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective laser eye procedures to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for ophthalmic lasers.
Based on the product, the global ophthalmic lasers market can be categorized into diode lasers, femtosecond lasers, excimer lasers, Nd: YAG lasers, SLT lasers, and others. Currently, femtosecond lasers account for the majority of the global market share.
Based on the indication, the global ophthalmic lasers market has been segregated into glaucoma, cataract removal, refractive error corrections, diabetic retinopathy, and others. Among these, refractive error corrections currently exhibit a clear dominance in the market.
Based on the end-user, the global ophthalmic lasers market can be bifurcated into hospitals, eye clinics, and others. Currently, hospitals hold the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global ophthalmic lasers market include 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.
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