As per DelveInsight, the Global Ophthalmic Laser Devices Market was found to be USD 1.32 billion in 2021 and growing at a CAGR of 6.12% during the forecast period (2023 to 2028); it is expected to reach USD 1.88 billion by 2028. The Ophthalmic Laser Devices Market is expected to grow owing to the rising number of ophthalmic disorders, the increase in the elderly population, the wide acceptance of these devices, and advancements in new technologies. Some of the key companies in the market include Alcon Laboratories, Inc., A.R.C. Laser GmbH, Johnson and Johnson Surgical Vision, Inc., Bausch & Lomb Incorporated, LENSAR Inc., Abbott Medical Optics, Inc., Ziemer Ophthalmic Systems, Carl Zeiss Meditec AG, INTERmedic Arfran, MEDA Co., Ltd., LIGHTMED, iVIS Technologies, HAAG-STREIT GROUP, OD-OS (SensoMotoric Instruments GmbH), SCHWIND eye-tech-solutions, Ellex Medical Lasers Limited (LUMIBIRD), Topcon Corporation, IRIDEX Corporation, NIDEK CO., LTD., Lumenis Ltd. among others.
DelveInsight’s “Ophthalmic Laser Devices Market Insight, Competitive Landscape and Market Forecast 2028” research report provides the current and forecasted Ophthalmic Laser Devices market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.
Ophthalmic Laser Devices Market: Overview
Ophthalmic Laser Devices are lasers that are ultrashort and ultrafast and generate short pulses. Ophthalmic lasers allow precise treatment of a range of eye problems with little risk of infection. Ophthalmic Lasers are popular among ophthalmologists as they have simplified the process of conducting eye surgeries. These are devices that are used to coagulate abnormal vascular tissue in the retina, the proliferation of such tissue may lead to blindness.
To provide a better understanding of the market dynamics, DelveInsight’s “Ophthalmic Laser Devices Market” report provides an in-depth assessment of the market by product (diode lasers, femtosecond lasers, excimer lasers, YAG lasers, others), by application (refractive surgery, cataract surgery, glaucoma surgery, others), by end-user (hospitals, eye clinics, others), and by geography (North America, Europe, Asia-pacific, and rest of the world). In the Ophthalmic Laser Devices market product segment, the Femtosecond Lasers segment will hold the major share of the Global Ophthalmic Laser Devices market owing to the growing adoption of these devices as they promote safe and fast surgery. These devices can process tissue and other materials within a 3-D volume without altering their surface.
Hence, all the above-mentioned factors are expected to drive the segment growth of the Ophthalmic Laser Devices market.
Ophthalmic Laser Devices Market Analysis
As per DelveInsight, the Ophthalmic Laser Devices Market is anticipated to increase in the coming years owing to the rising ophthalmic procedures like cataract surgeries, glaucoma surgeries, and refractive surgeries. In 2021, at least 2.2 billion people have a near or distant vision impairment. In at least 1 billion – or almost half – of these cases, vision impairment could have been prevented or has yet to be addressed globally. Apart from the burgeoning cases of ophthalmic conditions and surgeries, the launches of new innovative devices in the market are also driving the market growth. Moreover, the aging population is immensely driving the demand for the Ophthalmic Laser Devices. In 2019, there were 703 million older persons aged 65 or over in 2019 globally. As the aging population increases, there will be more chances of the older population getting cataracts in their eyes, which will eventually boost the growth of the Global Ophthalmic Laser Devices market.
However, some of the key factors such as the inadequacy of skilled professionals for the operations of laser systems and the high cost of these systems may restrict the growth of the Global Ophthalmic Laser Devices Market.
Interested to know more about the ongoing developments in the market? Visit to get an in-depth insight @ Ophthalmic Laser Devices Types and Emerging Products
Ophthalmic Laser Devices – Global Market Assessment and Forecast
North America is expected to dominate the overall Ophthalmic Laser Devices market in the coming years. The rising number of cataract surgeries and other ophthalmic surgeries in the region is anticipated to drive the Ophthalmic Laser Devices market growth in the coming years. As per CDC 2020, in the United States, approximately 12 million people 40 years and over have vision impairment, including 1 million who are blind, 3 million who have vision impairment after correction, and 8 million who have vision impairment due to uncorrected refractive error. Along with the burgeoning cases of ophthalmic disorders, advanced healthcare infrastructure, high adoption of technologically advanced products, the rise in healthcare expenditure by the government, and increasing prevalence and incidence of surgeries are also expected to drive the Ophthalmic Laser Devices market growth in the region.
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Ophthalmic Laser Devices Market – Key Developments and Breakthroughs
Over the years, the Ophthalmic Laser Devices market has evolved significantly, owing to the active participation of the global MedTech companies and technological advancements in the domain. Similarly, several clinical, commercial, and regulatory developments have also been registered in the domain. Some of the major advancements in the Ophthalmic Laser Devices market in recent years include –
- In September 2021, ZEISS introduced the ZEISS VISUMAX 800*, the next generation femtosecond lasers that create a comfortable patient and surgeon experience by reducing laser time and potential transcription errors with easy treatment planning and data analysis via FORUM® to the ZEISS Refractive Workplace* through a digitally connected corneal refractive workflow.
- In June 2021, Ziemer announced the launch of its newest femtosecond laser, the FEMTO Z8 NEO. The FEMTO Z8 NEO provides advanced hardware as well as new and improved software applications.
- In July 2020, SCHWIND eye-tech solutions received CE approval for the SCHWIND ATOS femtosecond laser.
Learn more about major clinical and commercial development in the market @ Ophthalmic Laser Devices Market – Clinical and Commercial Development Activities
Key Companies in the Ophthalmic Laser Devices Market
Globally, some of the leading MedTech giants working in the Ophthalmic Laser Devices market include Alcon Laboratories, Inc., A.R.C. Laser GmbH, Johnson and Johnson Surgical Vision, Inc., Bausch & Lomb Incorporated, LENSAR Inc., Abbott Medical Optics, Inc., Ziemer Ophthalmic Systems, Carl Zeiss Meditec AG, INTERmedic Arfran, MEDA Co., Ltd., LIGHTMED, iVIS Technologies, HAAG-STREIT GROUP, OD-OS (SensoMotoric Instruments GmbH), SCHWIND eye-tech-solutions, Ellex Medical Lasers Limited (LUMIBIRD), Topcon Corporation, IRIDEX Corporation, NIDEK CO., LTD., Lumenis Ltd. among others. Owing to the rising demand and favorable growth opportunities for revenue generation, several new players are anticipated to enter the market, thereby leading to high competitiveness in the domain.
Learn how new players’ entries will transform the market dynamics in the coming years @ Ophthalmic Laser Devices Competitive Landscape
Scope of the Ophthalmic Laser Devices Market Report:
- Study Period – 2020-2028
- Geography Covered – North America, Europe, Asia-Pacific, and Rest of the World
- Ophthalmic Laser Devices Market Assessment by –
-
- By Product – Diode Lasers, Femtosecond Lasers, Excimer Lasers, Nd: YAG Lasers, and Others
- By Application – Refractive Surgery, Cataract Surgery, Glaucoma Surgery, and Others
- By End-User – Hospitals, Eye Clinics, Others
- By Geography – North America, Europe, Asia-Pacific, and Rest of the World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s Views
Table of Content
| 1 | Report Introduction |
| 2 | Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Ophthalmic Laser Devices Market Key Factors Analysis |
| 5 | Ophthalmic Laser Devices Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on the Ophthalmic Laser Devices Market |
| 7 | Ophthalmic Laser Devices Market Layout |
| 8 | Ophthalmic Laser Devices Global Company Share Analysis – Key 3–5 Companies |
| 9 | Ophthalmic Laser Devices Product Profiles and Key Companies |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
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