The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ophthalmic medical lasers market report forecasts the ophthalmic medical lasers market size to grow to $1.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Ophthalmic Medical Lasers Market Size Forecast
The global ophthalmic medical lasers market is expected to grow from $1.12 billion in 2022 to $1.2 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ophthalmic medical lasers market is expected to grow from $1.55 billion in 2027 at a CAGR of 6.5%.

North America held the largest ophthalmic medical lasers market share.

Key Ophthalmic Medical Lasers Market Driver ­– Rise In The Incidence Of Ocular Disorders
According to a study by the lancet, in 2020, 43.3 million people were blind. 295 million people had moderate to severe vision impairment, 258 million had mild vision impairment. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market.

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Key Ophthalmic Medical Lasers Market Trend – Manufacturing Devices That Incorporate Next-Generation Technology
Companies are investing in manufacturing devices that incorporate next-generation technology to treat ocular diseases. Following the trend, In Feb 2020, IRIDEX Corporation, an innovative ophthalmic laser-based medical products provider for the treatment of glaucoma and retinal diseases has launched the second generation of the MicroPulse P3® Device that gives greater stability, visualization, coupling, and fit.

Ophthalmic Medical Lasers Market Segment
1) By Product: Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy, ND:Yag Lasers, Other Products
2) By End User: Hospitals, Specialty Clinics and Ambulatory Surgery Centres
3) By Application: Refractive Error Correction, Cataract Removal, Diabetic Retinopathy, Glaucoma, Age-Related Macular Degeneration, Other Applications

Ophthalmic Medical Lasers Market Major Players and Strategies
Major players in the ophthalmic medical lasers market are Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, and NIDEK Co. Ltd., Lumenis Ltd., and Johnson & Johnson.

In June 2020, Lumibird, a leading France-based laser technology specialist acquired all of Ellex’s laser and ultrasound activities for $70 million. Through this acquisition, the Lumibird group aimed to strengthen its current product portfolio with complementary high-quality products, and extend its geographical presence, particularly in the US and Japan, as the acquisition included Ellex’s R&D and production site in Adelaide and the commercial subsidiaries based in Australia, Japan, the US, France, and Germany. Ellex is a leading Australia-based ophthalmic equipment manufacturer.

The Ophthalmic Medical Lasers Global Market Report 2023 covers regional data on ophthalmic medical lasers market size, ophthalmic medical lasers market trends and drivers, opportunities, strategies, and ophthalmic medical lasers market competitor analysis. The countries covered in the ophthalmic medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Ophthalmic medical lasers are used in the treatment of diseases related to the eye.

View More Reports Related To The Ophthalmic Medical Lasers Market –
Medical Lasers Global Market Report 2023
Ophthalmic Devices Global Market Report 2023
Dry Eye Medication Global Market Report 2023

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