Ophthalmic Lasers Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Ophthalmic Lasers Market Report Overview
The ophthalmic lasers market size was $1.12 billion in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2033. Ophthalmic lasers create a uniform and coherent light that can be continuous or pulsed. The devices are used in treating a wide spectrum of diseases involving both the anterior and posterior segments of the eye for correcting refractive disorders.
Ophthalmic Lasers Market Outlook, 2023-2033 ($ Billion)
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The Ophthalmic Lasers market research report has been created to understand market behavior, which will help identify quantitative market trends in the ophthalmic devices therapeutic area. It discusses in detail the impact of COVID-19 on the ophthalmic lasers market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $1.12 billion |
CAGR (2023-2033) | >2% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Segments | · Excimer Lasers
· Femtosecond Lasers · YAG Lasers |
Key Regions | · North America
· Europe · Asia Pacific · South and Central America · Middle East and Africa |
Leading Companies | · Johnson & Johnson
· Alcon Inc · Bausch Health Companies Inc · Carl Zeiss Stiftung AG · Meridian Ag |
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Ophthalmic Lasers Market Dynamics
An increase in the aging population with vision loss, a rise in the number of eye care facilities, and advancements in research and technology are driving the ophthalmic lasers market. The market is expanding with an increasing number of private ophthalmic centers offering patients high-quality laser eye services. People’s desire to have a perfect vision and avoid spectacles is also driving the market. Ophthalmic laser treatments offer many advantages in comparison with other surgical techniques including low costs, less patient risk, and shorter recovery periods. Additionally, as the contact with tissue during the treatment is negligible, the risk of infection is minimal.
Ophthalmic Lasers Market Segments
The ophthalmic lasers market can be segmented into Excimer Lasers, Femtosecond Lasers, and YAG Lasers. Excimer Lasers led the ophthalmic lasers market in 2023. These lasers are used for photorefractive surgery to correct vision as well as for glaucoma treatment.
Ophthalmic Lasers Market Analysis by Segments, 2023 (%)
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Ophthalmic Lasers Market Segmentation by Regions
The key regions in the Ophthalmic Lasers market are North America, Europe, Asia-Pacific, South and Central America, and the Middle East and Africa. In 2023, North America dominated the Ophthalmic Lasers market. The US market mainly drives the North American regional market. An increasing population with ophthalmic disorders as well as the surging advancements in research and technology led to the continued growth in the North American market. Better access to healthcare facilities, availability of skilled professionals, growth in patient awareness, and improved health insurance policies will also help the market grow.
Ophthalmic Lasers Market Analysis by Regions, 2023 (%)
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Ophthalmic Lasers Market - Competitive Landscape
A few of the leading companies in the Ophthalmic Lasers market are:
- Johnson & Johnson
- Alcon Inc
- Bausch Health Companies Inc
- Carl Zeiss Stiftung AG
- Meridian Ag
Johnson & Johnson held the largest share of the ophthalmic lasers market in 2023.
Ophthalmic Lasers Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Ophthalmic Lasers Segments Outlook (Value, $ Billion, 2015-2033)
- Excimer Lasers
- Femtosecond Lasers
- YAG Lasers
Ophthalmic Lasers Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. The model will benefit the following stakeholders:
- CMO executives who must have deep understanding of the ophthalmic lasers marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
- Understand the impact of COVID-19 on the ophthalmic lasers market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the ophthalmic lasers market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the ophthalmic lasers market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific ophthalmic lasers market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Alcon Inc
Carl Zeiss Meditec AG
Bausch & Lomb Inc
Lumenis Be Ltd
Meridian Ag
Nidek Co Ltd
Aurolab
Lensar Inc
SCHWIND eye-tech-solutions GmbH & Co KG
Quantel Medical SA
Iridex Corp
Others
Frequently asked questions
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What was the ophthalmic lasers market size in 2023?
The ophthalmic lasers market size was $1.12 billion in 2023.
-
What will the ophthalmic lasers market growth rate be during the forecast period?
The ophthalmic lasers market is expected to grow at a CAGR of more than 2% during 2023-2033.
-
Which region held the largest share of the ophthalmic lasers market in 2023?
North America held the largest ophthalmic lasers market share in 2023.
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Which segment held the largest share of the ophthalmic lasers market in 2023?
Excimer Lasers led the ophthalmic lasers market in 2023.
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Which are the major companies operating in the ophthalmic lasers market?
A few of the leading companies in the ophthalmic lasers market are Johnson & Johnson Vision Care Inc., Alcon Inc., Carl Zeiss Meditec AG, Bausch & Lomb Inc., Lumenis Ltd, Meridian Ag, and Nidek Co Ltd.
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