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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Refractive Laser Devices Market size was valued at USD 169.2 million in 2023 and is poised to grow at a CAGR of 7.8% from 2024 to 2030. Refractive surgery is the method used for correcting or improving the vision. The refractive laser Devices Market involves various surgical procedures for correcting or improving the eye's ability to focus by reshaping the cornea. The most widely used procedure for refractive surgery is LASIK (laser-assisted in-suit keratomileusis, 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 for farsighted people where the steeper cornea will increase the eye's focusing power. Astigmatism can also be corrected using refractive surgery techniques. Furthermore, the increased prevalence of refractive errors and other eye diseases such as 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

2024-2030

Base Year

2023

CAGR

7.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Refractive Laser Devices Market 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.

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
By Distribution Channel
  • Hospitals
  • Ophthalmic Clinics
  • Others

Frequently Asked Questions

The Refractive Laser Devices Market size was USD 167.2 million in 2023

The Refractive Laser Devices Market Key Players are: 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)

North America is the fastest-growing in the Refractive Laser Devices Market

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • 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
1.Executive Summary
2.Global Refractive Laser Devices Market Introduction 
2.1.Global Refractive Laser Devices Market  - Taxonomy
2.2.Global Refractive Laser Devices Market  - Definitions
2.2.1. By Product Type
2.2.2. By Application
2.2.3. By Distribution Channel
2.2.4. By Region
3.Global Refractive Laser Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Refractive Laser Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Refractive Laser Devices Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Ophthalmic Lasers 
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Microkeratome
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Refractive Laser Devices Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Refractive Error Corrections
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cataract Removal
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Diabetic Retinopathy
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Refractive Laser Devices Market  By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Ophthalmic Clinics
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Others
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Refractive Laser Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Refractive Laser Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Ophthalmic Lasers 
9.1.2.Microkeratome
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Refractive Error Corrections
9.2.2.Cataract Removal
9.2.3.Diabetic Retinopathy
9.2.4.Others
9.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Ophthalmic Clinics
9.3.3.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Refractive Laser Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Ophthalmic Lasers 
10.1.2.Microkeratome
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Refractive Error Corrections
10.2.2.Cataract Removal
10.2.3.Diabetic Retinopathy
10.2.4.Others
10.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Ophthalmic Clinics
10.3.3.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Refractive Laser Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Ophthalmic Lasers 
11.1.2.Microkeratome
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Refractive Error Corrections
11.2.2.Cataract Removal
11.2.3.Diabetic Retinopathy
11.2.4.Others
11.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Ophthalmic Clinics
11.3.3.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Refractive Laser Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Ophthalmic Lasers 
12.1.2.Microkeratome
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Refractive Error Corrections
12.2.2.Cataract Removal
12.2.3.Diabetic Retinopathy
12.2.4.Others
12.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Ophthalmic Clinics
12.3.3.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Refractive Laser Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Ophthalmic Lasers 
13.1.2.Microkeratome
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Refractive Error Corrections
13.2.2.Cataract Removal
13.2.3.Diabetic Retinopathy
13.2.4.Others
13.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Ophthalmic Clinics
13.3.3.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Bausch & Lomb Incorporated (U.S.)
14.2.2.Ziemer Ophthalmic Systems AG (Switzerland)
14.2.3.Alcon Laboratories, Inc. (U.S.)
14.2.4.Carl Zeiss Meditec AG (Germany)
14.2.5.Ellex Medical Lasers Limited (Australia)
14.2.6.Lumenis Ltd. (Israel)
14.2.7.NIDEK Co., Ltd. (Japan)
15. Research Methodology 
16. Appendix and Abbreviations 
  • 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)

Adjacent Markets