Excimer & Femtosecond Ophthalmic Lasers Market Opportunity 2028

Excimer & Femtosecond Ophthalmic Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Excimer Laser and Femtosecond Laser), Application (Refractive Surgery, Cataract Surgery, Capsulotomy, Trabeculoplasty, and Diagnostics), and End User (Hospitals, Ambulatory Surgical Centers, and Ophthalmology Clinics)

  • Report Code : TIPRE00007730
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 177
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The excimer & femtosecond ophthalmic lasers market is expected to reach US$ 1,118.64 million by 2028 from US$ 795.68 million in 2021; it is estimated to grow at a CAGR of 5.0% during 2021 to 2028.

The laser technology is used in many medical disciplines and specialties, and it plays an important role in promoting ophthalmology advancement, especially corneal refractive surgery. Ophthalmology laser is of two types such as excimer laser, photorefractive keratectomy (PRK), laser epithelial keratomileusis (LASEK), epipolis laser in situ keratomileusis (Epi-LASIK), and transepithelial photorefractive keratectomy (Trans-PRK) and presbyopia surgery) and femtosecond laser such as femtosecond laser in situ keratomileusis (FS-LASIK), insertion of intracorneal ring segments, small-incision lenticule extraction (SMILE), and femtosecond lenticule extraction (Flex).


Report Coverage


The growth of the excimer & femtosecond ophthalmic lasers market is attributed to the factors such as a rise in elderly population, and increase in the number of cataract and refractive surgeries. However, the high cost of ophthalmology surgeries and devices hampers the growth of the market.


Lucrative Regions for Excimer & Femtosecond Ophthalmic Lasers Market

Lucrative Regions for Excimer & Femtosecond Ophthalmic Lasers Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


Market Insights

Significant Rise in Elderly Population

Rise in geriatric population in countries such as the US, the UK, Canada, Japan, China, India, and South Korea is driven by the modernization of healthcare facilities and improvements in healthcare services, which boosts the life expectancy in these countries. According to the data by the WHO in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. According to the US Census Bureau, the number of people in the US with age 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060, while their population share would grow from ~15% to ~24% during this period. As per the United Nation’s World Population Ageing 2017 report, in 2017, Europe had the world’s highest percentage (i.e., 25%) of people aged more than 60 years. Further, by 2050, all regions of the world, except Africa, would have ~25% or more of their populations aged 60 and above, and underdeveloped and developing countries would account for ~80% of this growth.

The loss of vision is a major health problem among the elderlies. Age-related macular degeneration, glaucoma, cataracts, and diabetic retinopathy are among the most common causes of vision loss among people from this age group. Age-related macular degeneration results in the loss of central vision. Optic nerve injury and visual field loss can occur as a result of primary open-angle glaucoma. As this ailment can be asymptomatic at first, elderly people need regular check-ups. Although cataracts are the common source of visual issues in these people. However, cataracts can usually be removed through surgical procedures. Diabetic retinopathy is also common among older people during the early stages of diabetes or at the time of diagnosis. A mydriatic examination is recommended when a patient is diagnosed with diabetes, followed by once a year visit thereafter.

According to the American Institute of Ophthalmology, ~24.4 million people of age below 40 undergo cataract surgery, and ~5% of all Americans undergo cataract surgery by the age of 75. Furthermore, glaucoma cases are on the rise, and the condition affects over 2.7 million Americans of age 40 and above. New eye diseases, such as age-related macular degeneration, which affects over 2.1 million Americans of age 50 and above, can cause serious vision loss. Thus there is a significantly high adoption of new technologies, such as femtosecond lasers, in cataract surgery, which involves a large upfront investment but promises improvements in patient outcomes. Thus, the rise in geriatric population fuels the growth of the excimer & femtosecond ophthalmic lasers market.

Product Type -Based Insights

Based on product type, the excimer & femtosecond ophthalmic lasers market is segmented into excimer laser and femtosecond laser. The femtosecond laser segment is expected to lead the market in 2021, and it is expected to retain its dominance during 2021–2028. In addition, the same segment is also expected to grow at the fastest rate during the coming years.

Excimer & Femtosecond Ophthalmic Lasers Market, by Product Type – 2021 and 2028

Excimer & Femtosecond Ophthalmic Lasers Market, by Product Type – 2021 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Application-Based Insights

Based on application, the excimer & femtosecond ophthalmic lasers market is segmented into refractive surgery, cataract surgery, capsulotomy, trabeculoplasty, and diagnostics. The refractive surgery segment is projected to hold the largest share of the market in 2021, whereas the cataract surgery segment is estimated to register the highest CAGR in the market during the forecast period.

End User-Based Insights

Based on end user, the excimer & femtosecond ophthalmic lasers market is segmented into hospitals, ophthalmic clinics, and ambulatory surgical centers. The hospitals segment is estimated to hold the largest share of the market in 2021. However, the ophthalmic clinics segment is estimated to register the highest CAGR in the market during the forecast period.  

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Excimer & Femtosecond Ophthalmic Lasers Market: Strategic Insights

excimer-and-femtosecond-ophthalmic-lasers-market
Market Size Value inUS$ 795.68 million in 2021`
Market Size Value byUS$ 1,118.64 million by 2028
Growth rateCAGR of 5.0% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios. Companies in the excimer & femtosecond ophthalmic lasers market focus on the collaboration strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name across the world.

Excimer & Femtosecond Ophthalmic Lasers Market – by Product Type

  • Femtosecond Laser
  • Excimer Laser

Excimer & Femtosecond Ophthalmic Lasers Market – by Application  

  • Refractive Surgery
  • Cataract Surgery
  • Capsulotomy
  • Trabeculoplasty
  • Diagnostics

Excimer & Femtosecond Ophthalmic Lasers Market – by End User    

  • Hospitals
  • Ophthalmic Clinics
  • Ambulatory Surgical Centers

Excimer & Femtosecond Ophthalmic Lasers Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Bausch Health Companies Inc.
  • Alcon Inc.
  • ZEISS International
  • NIDEK CO., LTD
  • IVIS TECHNOLOGIES
  • EXCELSIUS MEDICAL GMBH
  • Ziemer Ophthalmic Systems
  • SCHWIND EYE-TECH-SOLUTIONS
  • LENSAR, Inc.
  • NKT Photonics A/S
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Application, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Who are the key end-users of the excimer & femtosecond ophthalmic lasers market?

Hospitals, ambulatory surgical centers, and ophthalmology clinics are key end users of excimer & femtosecond ophthalmic lasers. Hospitals offer various treatments for different eye conditions. An ophthalmologist in these hospitals treats thousands of patients with a wide variety of eye conditions. Thus, the hospitals segment led the market in 2021 and is expected to retain its dominance during the forecast period.

Which application led the excimer & femtosecond ophthalmic lasers market?

The refractive surgery segment dominated the global excimer & femtosecond ophthalmic lasers market and held the largest revenue share in 2021. However, the cataract surgery segment is expected to grow at the fastest rate during the coming years.

What are Excimer & Femtosecond Ophthalmic Lasers?

Excimer Laser eye surgery is a treatment to correct nearsightedness, farsightedness, or astigmatism. The surgery reduces or eliminates the need to wear contact lenses or glasses. In this surgery, the rays of invisible ultraviolet light from the excimer laser remove a minimal quantity of tissue from the cornea to correct the curvature. This process is known as photo ablative decomposition.
Similarly, a femtosecond laser, an infrared laser, emits bursts of laser energy at a high-speed rate. A femtosecond laser has a pulse span in the femtosecond range or one quadrillionth of a second. Femtosecond Lasers are widely used for cataract surgery. The U.S. Federal Drug Administration (FDA) approved Femtosecond Lasers Assisted Cataract Surgery (FLACS) in 2010. According to the WHO, cataract is the leading cause of blindness globally, and nearly 18 million people are bilaterally blind from cataract.

What are the drivers for the excimer & femtosecond ophthalmic lasers market?

Factors such as the significant rise in elderly population and increase in the number of cataract and refractive surgeries are driving the market growth.

What is the regional analysis in terms of excimer & femtosecond ophthalmic lasers market?

The excimer & femtosecond ophthalmic lasers market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the US holds the largest size of the excimer & femtosecond ophthalmic lasers market. North America held a prominent position in the global market due to growing healthcare expenditure in the US and the development of world-class healthcare infrastructure. Further, the growing prevalence of ophthalmic disorders is anticipated to underpin the demand for these products in the regions. The Asia Pacific region is expected to account for the fastest growth in the excimer & femtosecond ophthalmic lasers market. The market in the Asia Pacific region is expected to grow at a quicker pace due to factors such as rapid growth in the geriatric population, the rise in healthcare awareness about the importance of eye health, and the increase in the number of cataracts refractive surgeries.

Who are the key players in the excimer & femtosecond ophthalmic lasers market?

The excimer & femtosecond ophthalmic lasers market majorly consists of the players such as Bausch Health Companies Inc., Alcon Inc., ZEISS International, NIDEK CO., LTD, IVIS TECHNOLOGIES, EXCELSIUS MEDICAL GMBH, Ziemer Ophthalmic Systems, SCHWIND EYE-TECH-SOLUTIONS, LENSAR, Inc., and NKT Photonics A/S among others.

The List of Companies - Excimer & Femtosecond Ophthalmic Lasers Market

  1. Bausch Health Companies Inc.
  2. Alcon Inc.
  3. ZEISS International
  4. NIDEK CO., LTD
  5. IVIS TECHNOLOGIES
  6. EXCELSIUS MEDICAL GMBH
  7. Ziemer Ophthalmic Systems
  8. SCHWIND EYE-TECH-SOLUTIONS
  9. LENSAR, Inc.
  10. NKT Photonics A/S

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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