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What is the Growth Potential of the Excimer Laser Market, and How Will It Perform by 2034?

Rapid acceleration has been observed in the excimer laser market size in the past few years. The market, which was valued at $0.62 billion in 2024, is forecasted to expand to $0.68 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. This significant growth during the historical period is likely due to the escalating demand for sophisticated medical treatments, increased utilization in ophthalmological surgeries, progress in the semiconductor production sector, growing incidence of skin disorders, and a rise in health care spending.

Anticipated accelerated expansion will occur in the excimer laser market in the upcoming years, projecting a growth to $1.02 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.5%. The expansion foreseen for this interval is due to the swelling demand for non-invasive procedures, the expansion of the elderly population, increased healthcare demand, a surge in refractive error incidents, and heightened demand for electronics. Significant trends for the projection period encompass technological progression, incorporation of Artificial Intelligence, machine learning, smart home gadgets, and blockchain technology.

What Industry-Specific Factors Are Fueling the Growth of the Excimer Laser Market?

The excimer laser market is expected to witness substantial growth in the future, owing to the rising occurrence of eye disorders. The increase in optical disease cases can be attributed to factors such as extended exposure to screens, exposure to environmental elements, lifestyle habits, lack of adequate preventive care, and chronic health conditions. The excimer laser has utility in rectifying ocular disorders by modifying the cornea’s shape and addressing issues like hypermetropia, myopia, and astigmatism. As evidence, a report published by National Health Services, a governmental organization in the U.S, in August 2024 reported 8,400 low vision evaluations during the 2023-24 period, a 3.7% increase compared to 2022-23. Among these evaluations, 87.2% comprised primary assessments whereas 12.8% were follow-ups. Thus, the escalating rates of eye disorders substantiate the upward trajectory of the excimer laser market.

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Who Are the Major Companies Shaping the Competitive Landscape of the Excimer Laser Market?

Major companies operating in the excimer laser market are:

• Abbott Laboratories

• Carl Zeiss AG

• Alcon Inc.

• TRUMPF GmbH + Co. KG

• Nikon Corporation

What Are the Key Emerging Trends in the Excimer Laser Market for the Next Decade?

Leading corporations involved in the excimer laser industry are on the cutting edge, introducing technologies like excimer laser platforms which provide great accuracy and reduce thermal damage. These state-of-the-art systems utilise excimer lasers to produce high-energy ultraviolet light specified for medical procedures, material machining, and scientific studies. For example, in January 2024, the US-based healthcare firm Bausch + Lomb Corporation got the green light from the U.S. Food and Drug Administration (FDA) for their TENEO Excimer Laser Platform. This signalled an extraordinary progress in LASIK vision correction surgery for myopia and myopic astigmatism. The TENEO platform incorporates a cutting-edge eye-tracking system which works at 1,740 Hz, three times as fast as the laser’s repetition frequency, ensuring precise laser ablation designs even when there are patient eye movements.

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What Are the Core Categories and Segments in the Excimer Laser Market Driving Demand and Growth?

The excimer laser market covered in this report is segmented –

1) By Type Of Gases: Noble Gas, Halogen Gas, Buffer Gas

2) By Technology: Excimer Laser Gas Mixture, Excimer Laser Wavelength

3) By Application: Photolithography, Laser Surgery, Pulsed Laser Deposition, Laser Making O Glass And Plastic, Pumping Of Another Laser

4) By End User: Hospitals And Clinics, Semiconductor Industry, Automotive Industry, Other End Users

Subsegments:

1) By Noble Gas: Argon Fluoride (ArF) Lasers, Krypton Fluoride (KrF) Lasers, Xenon Fluoride (XeF) Lasers, Argon-Ion (Ar+) Lasers, Neon-Ion (Ne+) Lasers

2) By Halogen Gas: Chlorine (Cl2) Lasers, Fluorine (F2) Lasers, Bromine (Br2) Lasers, Hydrogen Fluoride (HF) Lasers, Hydrogen Chloride (HCl) Lasers

3) By Buffer Gas: Neon (Ne) As A Buffer Gas, Helium (He) As A Buffer Gas, Nitrogen (N2) As A Buffer Gas, Xenon (Xe) As A Buffer Gas, Hydrogen (H2) As A Buffer Gas

Which Regions Are Making a Mark in the Excimer Laser Market Growth?

North America was the largest region in the excimer laser market in 2024. The regions covered in the excimer laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Excimer Laser Market Categorized and Defined in the Industry?

An excimer laser is a type of ultraviolet laser that emits high-energy light used to precisely remove or reshape tissue without significant heat damage to surrounding areas. It is commonly used in medical procedures, such as eye surgeries (e.g., LASIK) to reshape the cornea, as well as in dermatology and industrial applications.

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