Excimer & Femtosecond Ophthalmic Lasers Market Size, Trends and Growth Analysis by 2027

The excimer and femtosecond ophthalmic lasers market is projected to achieve a value of US$ 1,118.64 million by the year 2028, rising from US$ 795.68 million in 2021. This growth represents a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028.

The primary drivers of this market expansion include a notable increase in the aging population and a surge in the number of cataract and refractive surgeries being performed. Nevertheless, the high costs associated with ophthalmic surgeries and the devices required can hinder market growth.

The escalating demand for cataract and refractive surgical procedures is significantly enhancing the sales of excimer and femtosecond ophthalmic lasers. Key players in the market are actively working to strengthen their presence in emerging markets by expanding their distribution networks and enhancing their manufacturing capabilities. Countries such as India, South Korea, Brazil, and Mexico are anticipated to present substantial growth opportunities for leading companies in the excimer and femtosecond ophthalmic lasers sector. This potential is largely due to the large patient demographics, a high incidence of eye conditions like cataracts and other vision-related issues, rising disposable incomes, advancements in healthcare infrastructure, and a booming medical tourism industry in these regions.

The Asia-Pacific region has emerged as a favorable and flexible business environment, characterized by relatively lenient regulations and data requirements. As the markets in the United States and Europe reach maturity, many companies are redirecting their focus towards these emerging markets. Significant investments in life sciences and healthcare research within these developing nations are crucial for introducing cutting-edge technologies to the market, which is expected to lead to an increased preference for laser-based ophthalmic surgeries. Consequently, these developing economies are likely to provide considerable growth prospects for manufacturers and distributors of excimer and femtosecond ophthalmic lasers throughout the forecast period.

The excimer and femtosecond ophthalmic lasers market can be categorized based on product type into two segments: excimer lasers and femtosecond lasers. Additionally, the market is segmented by disease into various categories, including refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. Furthermore, the market is divided by application into hospitals, ophthalmic clinics, and ambulatory surgical centers.

In preparing the report on the excimer and femtosecond ophthalmic lasers market, several key primary and secondary sources were utilized. These include reputable organizations such as the World Health Organization (WHO), National Health Service (NHS), Centers for Disease Control and Prevention (CDC), Centers for Medicare and Medicaid Services, International Association for the Prevention of Blindness, Spanish National Institute of Statistics, Royal National Institute of Blind People, as well as various company websites.