Ophthalmic Medical Lasers Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Ophthalmic Medical Lasers Market?
The growing incidence of ocular disorders is contributing to the demand for ophthalmic medical lasers. These lasers are used to treat vision problems by reshaping the cornea for improved focus. For example, in December 2022, the Centers for Disease Control and Prevention reported that 20.5 million Americans over the age of 40 have cataracts in at least one eye. By 2028, the number is expected to rise to 30 million. This increase in ocular diseases requiring laser treatment is driving the ophthalmic medical lasers market.
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What is the Predicted Annual Growth Rate of theOphthalmic Medical Lasers Market Impact Industry Trends by 2034?
The ophthalmic medical lasers market size has grown strongly in recent years. It will rise from $1.26 billion in 2024 to $1.34 billion in 2025, at a compound annual growth rate (CAGR) of 6.8%. This growth is driven by the aging population, the demand for minimally invasive eye surgeries, rising disposable incomes, increased awareness of ophthalmic medical lasers, and a growing incidence of myopia.
The ophthalmic medical lasers market is anticipated to witness strong growth in the near future, expanding to $1.8 billion by 2029 at a CAGR of 7.6%. This growth will be fueled by a rise in eye disease cases, growing diabetes rates, regenerative medicine developments, preventive eye care focus, and supportive government programs. Major trends will involve laser technology enhancements, integration with OCT, gene therapy applications, and next-generation ophthalmic laser systems.
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What Are the Most Significant Market Trends Transforming theOphthalmic Medical Lasers Market?
In the ophthalmic medical lasers market, companies are focusing on developing innovative products such as Xipere to offer reliable services to their customers. Xipere, which contains triamcinolone acetonide, is a corticosteroid injected suprachoroidally to treat macular edema caused by eye inflammation. For instance, in January 2022, Clearside Biomedical Inc., a US-based biopharmaceutical company, received FDA approval for Xipere as a treatment for macular edema related to uveitis. Xipere is sterile, preservative-free, and designed for suprachoroidal administration using Clearside’s patented microinjector.
Who Are the Leading Market Players Fueling Growth in the Ophthalmic Medical Lasers Market Trend?
Major companies operating in the ophthalmic medical lasers market include Alcon Laboratories Inc., Abbott Medical Optics Inc., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, NIDEK Co. Ltd., Lumenis Ltd., Johnson & Johnson Surgical Vision Inc., Lumibird Medical, Quantel Inc., Coherent Inc., Ocular Instruments Inc., Ellex Medical Lasers Limited, LENSAR LLC, LIGHTMED Corporation, Menicon Co. Ltd., Novartis AG, Omeros Corporation, Oxurion NV, Pfizer Inc., Recipharm AB, Regeneron Pharmaceuticals Inc., Roche Holding AG, Rohto Pharmaceutical Co. Ltd., Santen Pharmaceuticals, SCHWIND eye-tech-solutions GmbH & Co. KG, Staar Surgical Company, Teva Pharmaceutical Industries Ltd., ThromboGenics NV, Veeva Systems Inc.
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How is the Global Ophthalmic Medical Lasers Market Segemented?
The ophthalmic medical lasers market covered in this report is segmented –
1) By Product: Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy, ND:Yag Lasers, Other Products
2) By Application: Refractive Error Correction, Cataract Removal, Diabetic Retinopathy, Glaucoma, Age-Related Macular Degeneration, Other Applications
3) By End User: Hospitals, Specialty Clinics and Ambulatory Surgery Centres
Subsegments:
1) By Diode Lasers: Laser For Retinal Surgery, Laser For Cataract Surgery
2) By Femtosecond Lasers: Laser For Cataract Surgery, Laser For LASIK Surgery
3) By Excimer Lasers: Laser For Refractive Surgeries (LASIK, PRK), Laser For Corneal Surgery
4) By Aromatherapy: Lasers For Photodynamic Therapy, Laser For Tissue Treatment
5) By ND:YAG Lasers: Laser For Posterior Capsulotomy, Laser For Iridotomy
6) By Other Products: Laser For Glaucoma Treatment, Laser For Retinal Photocoagulation
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Which Geographics are Influencing the Growth of the Ophthalmic Medical Lasers Market?
North America was the largest region in the ophthalmic medical lasers market in 2023. Asia-Pacific was the second-largest region in the ophthalmic medical lasers market report. The regions covered in the smart watch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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