Global Refractive Laser Devices Market: By Product Type (Ophthalmic Lasers, Microkeratome), By Application (Refractive Error Corrections, Cataract Removal, Diabetic Retinopathy, Others), By Distribution Channel (Hospitals, Ophthalmic Clinics), and Geography


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the Global Refractive Laser Devices Market size was valued at USD 167.2 million in 2020 and is expected to expand at a compound annual growth (CAGR) of 7.8% from 2021 to 2027. Refractive surgery is the method used for correcting or improving the vision. Refractive laser Devices Market involves various surgical procedures for correcting or improving the eye’s ability of focusing by reshaping the cornea. The most widely used procedure for refractive surgery is LASIK (laser-assisted in suit kerotomileusis), where a laser is used in order to reshape the cornea. The nearsighted people, certain refractive surgery techniques reduce the curvature of the cornea which is steep so that the focusing power of the eye is lessened.  There are certain refractive surgery procedures farsighted people where the steeper cornea will increase the eye’s focusing power. Astigmatism can also be corrected using the refractive surgery techniques. Furthermore, the increased prevalence of refractive errors and other eye diseases such myopia, hyperopia, astigmatism, presbyopia, and dry eyes is expected to broaden the market's base. By removing the need for spectacles or contact lenses, refractive surgery allows a person to be more independent. Refractive surgery simplifies vision correction and the treatment of a variety of eye illnesses that could otherwise lead to blindness.

Global Refractive Laser Devices Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Asia Pacific
Market Dynamics Dynamics

Increase in the prevalence of refractive disorders is the major factor driving the refractive laser devices market. The technological advancements is expected to boost the growth of the market. The elimination of dependency on glasses and contact lenses is anticipated to attract the patient pool which is expected to enhance the growth of refractive laser devices market. The increasing healthcare facilities is allowing the patients in adaptation of treatment is expected to increase the growth of the market. However, the high cost involved in the treatment procedures coupled with availability of limited pool of qualified refractive surgeons are major restrains of market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Refractive Laser Devices Market Segmentation

by Product Type
  • Ophthalmic Lasers
    • Femtosecond Lasers
    • Eximer Lasers
    • Others
  • Microkeratome
By Application
  • Refractive Error Corrections
  • Cataract Removal
  • Diabetic Retinopathy
  • Others
Distribution Channel
  • Hospitals
  • Ophthalmic Clinics
  • Others


Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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  • Bausch & Lomb Incorporated (U.S.)
  • Ziemer Ophthalmic Systems AG (Switzerland)
  • Alcon Laboratories, Inc. (U.S.)
  • Carl Zeiss Meditec AG (Germany)
  • Ellex Medical Lasers Limited (Australia)
  • Lumenis Ltd. (Israel)
  • Topcon Corporation (Japan)
  • NIDEK Co., Ltd. (Japan)