Ophthalmic Lasers Market to Grow at a CAGR of 4.91% Over 2023-2028

by Zayn Mathew Market Research Reports

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

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.

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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.

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,

Market Summary:

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.
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 (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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