Refractive Surgery Devices And Equipment Market Expected To Grow At 6.3% CAGR Through 2030: What Businesses Need To Know
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Refractive Surgery Devices And Equipment Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
In recent years, the refractive surgery devices and equipment market has shown substantial growth. Forecasts indicate that it will rise from $1.02 billion in 2025 to $1.09 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.8%. Historically, this growth was driven by several factors, including the increasing incidence of refractive errors, enhanced patient understanding of laser eye surgeries, the proliferation of ophthalmic surgical facilities, breakthroughs in excimer laser technology, and the increased accessibility of outpatient refractive procedures.
The refractive surgery devices and equipment market size is anticipated to experience robust growth in the coming years. It is projected to expand to $1.39 billion in 2030, achieving this with a compound annual growth rate (CAGR) of 6.3%. This expansion during the forecast period is primarily fueled by a growing demand for premium refractive surgery solutions, the increasing adoption of bladeless LASIK techniques, the widening availability of vision correction procedures in emerging markets, rising investments in advanced ophthalmic laser systems, and continuous innovation in eye-tracking and imaging technologies. Significant trends expected in the forecast period encompass the increasing integration of femtosecond laser platforms, a rising demand for minimally invasive vision correction procedures, the growing incorporation of AI-based eye mapping systems, the expansion of customized laser treatment profiles, and an enhanced focus on surgical precision and safety.
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Refractive Surgery Devices And Equipment Market Industry Drivers: What’s Behind The Revenue Growth?
The expansion of healthcare infrastructure is anticipated to significantly advance the refractive surgery devices and equipment market in the future. Healthcare infrastructure refers to the tangible and organizational components, facilities, and frameworks that collectively support the delivery of medical services within a particular region, community, or health system. This infrastructure plays an essential role in fostering the growth of the refractive surgery devices and equipment market by providing the necessary resources, venues, and specialized knowledge required for refractive surgeries and related eye care services. For instance, in December 2023, according to the Centers for Medicare & Medicaid Services (CMS), a U.S.-based federal agency, U.S. health care spending escalated by 7.5 % to US$ 4.9 trillion in 2023, when compared to the previous year. Therefore, the ongoing increase in healthcare infrastructure is a primary catalyst driving the expansion of the refractive surgery devices and equipment market.
Refractive Surgery Devices And Equipment Market Segment Analysis Spotlighting Growth Areas
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
#Refractive Surgery Devices And Equipment Market Growth Trends: What’s Shaping The Future Outlook?
Major companies operating in the refractive surgery devices and equipment market are introducing new technological products, such as the femtosecond laser system, to boost their profitability in the market. A femtosecond laser system is a type of laser that emits optical pulses with a duration well below 1 picosecond, falling within the range of femtoseconds. For instance, in August 2023, Johnson & Johnson Vision, a US-based ophthalmology company, launched its ELITA platform. This platform incorporates the SILK method, which is a cutting-edge corneal refractive technique enabling doctors to treat myopia in patients who also have astigmatism. Patients undergoing LASIK surgery or other refractive treatments are advised to use the ELITA System for creating a corneal flap.
Refractive Surgery Devices And Equipment Market Company Landscape And Competitive Strategy
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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Refractive Surgery Devices And Equipment Market Largest Region: Which Geography Holds The Biggest Share?
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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