The global ophthalmic lasers market is on a robust growth trajectory, projected to expand from USD 884.3 million in 2022 to USD 1.3 billion by 2030, achieving a Compound Annual Growth Rate (CAGR) of 5.4%. This substantial growth is attributed to the rising prevalence of eye diseases worldwide and the growing demand for ophthalmic laser devices.
Eye health continues to be a critical concern among consumers, with heightened awareness and increased spending on eye care playing pivotal roles in market expansion. The demand for ophthalmic laser machines is further driven by the consumer preference for minimally invasive laser treatments, coupled with the rapid development in the market for treating eye infections.
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“The market’s steady growth underscores the increasing need for advanced and effective eye care solutions,” said FMI. “Our focus remains on innovating and providing cutting-edge ophthalmic laser technology to meet the evolving needs of both healthcare providers and patients.”
Key factors contributing to the market’s growth include:
- Rising Prevalence of Eye Diseases: The global increase in conditions such as glaucoma, cataracts, and diabetic retinopathy is driving the need for advanced laser treatments.
- Consumer Awareness and Spending: Growing awareness about eye health and a willingness to invest in advanced treatments are propelling market demand.
- Preference for Minimally Invasive Treatments: Consumers are increasingly opting for laser treatments due to their minimally invasive nature, which offers reduced recovery times and improved outcomes.
The future of the ophthalmic lasers market looks promising, with ongoing technological advancements and increased adoption of laser treatments expected to continue driving growth.
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Key Takeaways: Ophthalmic Lasers Market Growth
- The global ophthalmic lasers market is expected to reach USD 1.3 billion by 2030, driven by a moderate CAGR of 5.4%.
- Increasing prevalence of eye diseases like cataracts, especially in the aging population, is boosting demand for ophthalmic lasers.
- The US leads the market due to high incidence of eye conditions, advanced technology, and favorable government support for laser surgery.
- Germany’s market is growing due to a preference for painless laser procedures and strong presence of leading manufacturers.
- China’s market is expected to see significant growth due to its rapidly aging population, rising awareness of laser treatments, and flourishing medical tourism.
- The report identifies key investment opportunities in the market, catering to hospitals and ophthalmology clinics.
- The study analyzes factors driving growth in Asia Pacific and explores the interrelation between ophthalmic lasers and laser therapy devices. Additionally, it examines strategies adopted by leading manufacturers.
Key companies profiled:
Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, LLC, NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, and SCHWIND eye-tech-solutions GmbH & Co. KG.
Ophthalmic Lasers Market by Category
By Product:
- Excimer Lasers
- Femtosecond Laser
By Application:
- Refractive Surgery
- Cataract Surgery
- Posterior Capsulotomy
- Trabeculoplasty
- Diagnostic
By End User:
- Hospital
- 500 Bedded+
- 250-499 Bedded
- Less than 250
- Ambulatory Surgical Centers
- Ophthalmology Clinics
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- South Korea
- China
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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