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How much larger will the Refractive Surgery Devices And Equipment Market be in 2030 compared with 2026?
The refractive surgery devices and equipment market has experienced robust expansion in recent years. It is projected to expand from $1.02 billion in 2025 to $1.09 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 6.8%. Historically, this growth was primarily driven by factors such as the increasing prevalence of refractive errors, heightened patient awareness regarding laser eye surgeries, the proliferation of ophthalmic surgical centers, continuous advancements in excimer laser technology, and the expanding availability of outpatient refractive procedures.
The refractive surgery devices and equipment market size is projected to undergo significant expansion in the upcoming years. It is forecast to grow to $1.39 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.3%. The expansion observed during the forecast period can be attributed to factors such as growing demand for premium refractive surgery solutions, increasing adoption of bladeless lasik techniques, expansion of vision correction procedures in emerging markets, rising investments in advanced ophthalmic laser systems, and continued innovation in eye-tracking and imaging technologies. Noteworthy trends anticipated in the forecast period involve increasing adoption of femtosecond laser platforms, rising demand for minimally invasive vision correction procedures, growing integration of ai-based eye mapping systems, expansion of customized laser treatment profiles, and an enhanced focus on surgical precision and safety.
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What Drivers Are Guiding Growth Patterns In The Refractive Surgery Devices And Equipment Market?
The expansion of healthcare infrastructure is anticipated to fuel the future growth of the refractive surgery devices and equipment market. Healthcare infrastructure refers to the physical assets, organizational structures, facilities, and systems that collectively support the delivery of healthcare services within a specific region, community, or healthcare system. This infrastructure is crucial for promoting the growth of the refractive surgery devices and equipment market by providing the necessary resources, facilities, and expertise required for refractive surgeries and related eye care services. For instance, in December 2023, according to the Centers for Medicare & Medicaid Services (CMS), a U.S.-based federal agency, U.S. health care spending rose by 7.5 % to US$ 4.9 trillion in 2023, compared to the prior year. Thus, the rise in healthcare infrastructure is a significant driver for the growth of the refractive surgery devices and equipment market.
Which Segments Are Driving Activity In The Refractive Surgery Devices And Equipment Market?
The refractive surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Microkeratome, Excimer Lasers, Femtosecond Lasers, YAG Lasers
2) By Application: Astigmatism, Near-sightedness, Farsightedness
3) By End User: Hospitals, Ambulatory Surgical Centres, Opthalmology Clinics
Subsegments:
1) By Microkeratome: Disposable Blades, Automated Microkeratome Systems
2) By Excimer Lasers: LASIK Excimer Lasers, PRK Excimer Lasers
3) By Femtosecond Lasers: Femtosecond LASIK Lasers, Femtosecond Cataract Lasers
4) By YAG Lasers: Posterior Capsulotomy YAG Lasers, Peripheral Iridotomy YAG Lasers
What Trends Are Projected To Support The Growth Of The Refractive Surgery Devices And Equipment Market?
Leading firms within the refractive surgery devices and equipment market are introducing advanced technological products, such as the femtosecond laser system, aiming to boost their market profitability. A femtosecond laser system is a type of laser that generates optical pulses with a duration significantly below 1 picosecond, specifically in the femtosecond range. For instance, in August 2023, Johnson & Johnson Vision, a US-based ophthalmology company, launched its ELITA platform. This platform incorporates the SILK method, a cutting-edge corneal refractive technique that enables doctors to correct myopia in patients who also have astigmatism. Patients undergoing LASIK surgery or other refractive treatments are advised to utilize the ELITA System for creating a corneal flap.
Which Leading Companies Dominate The Refractive Surgery Devices And Equipment Market Share?
Major companies operating in the refractive surgery devices and equipment market are Alcon, Johnson & Johnson, Carl Zeiss AG, Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., STAAR Surgical Company, Avedro Inc., Lensar Inc., iVIS Technologies, SCHWIND eye-tech-solutions GmbH & Co. KG, Lumenis Ltd., Ellex Medical Lasers Limited, Visx, Refractec LLC, Topcon Corporation, HOYA Corporation, Glaukos Corporation, IRIDEX Corporation, Aaren-Scientific Inc., Lenstec Inc., Oculentis B.V., Ophtec B.V., Rayner Intraocular Lenses Limited, The HumanOptics AG, PhysIOL, Essilor International, NIDEK Co.Ltd., Quantel Medical SAS, Abbott Medical Optics Inc., Oertli Instrumente AG, Topcon Corporation, Ophtec USA Inc., VisionCare Ophthalmic Technologies Inc., Visioneering Technologies Inc., Z-LASER Optoelektronik GmbH,
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Which Region Is Anticipated To See The Fastest Growth In The Refractive Surgery Devices And Equipment Market?
North America was the largest region in the global refractive surgery devices (or) equipment market in 2025. Asia-Pacific was the second-largest region in the refractive surgery devices (or) equipment market. The regions covered in the refractive surgery devices and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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