Ophthalmic Lasers Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to ophthalmic lasers market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Ophthalmic Lasers Market News

  • In September 2024, Abbott Laboratories launched its new Abbott Fusion Laser System, designed for precise cataract surgery. The system combined advanced imaging technologies with femtosecond lasers to improve surgery precision and time to recovery. This new device is intended for Abbott to capture a larger stake in the global ophthalmic lasers market.
  • In August 2024, Alcon Inc. unveiled the LenSx Laser, the most advanced femtosecond laser system, intended for cataract surgery. The surgery system offers improved outcomes due to enhanced personalization and accuracy, thus offering a tailored treatment approach. Alcon intends to widen its leadership gap in the ophthalmic lasers sector using this technology, especially in North America.
  • In July 2024, Johnson & Johnson Vision revealed its new product, JET® Laser System, the new refractive eye surgery solution. The new laser beam offers superior precision for the LASIK procedures, and results in quicker recovery and improved vision. With this development, Johnson & Johnson remains at the pinnacle of ophthalmic laser technology.

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Global Ophthalmic Lasers Market size was valued at USD 5.41 Billion in 2023 poised to grow from USD 5.66 Billion in 2024 to USD 8.10 Billion by 2032, growing at a CAGR of 4.59% in the forecast period (2025-2032).

The competitive landscape of the global ophthalmic lasers market is characterized by the presence of several established players and emerging companies. Other prominent international companies with significant innovations and growth in the market are Abbott Laboratories, Alcon Inc., Johnson & Johnson Vision, Lumenis, and Zeiss International. Their emphasis is on advancing laser technology, product lines, and enhancing the outcomes of treatments. In the highly competitive and fast-moving ophthalmic lasers market, leaders of this market employ a strategic partnership and acquisition policy to continue leading through constant research and development. 'Abbott Laboratories (USA)', 'Alcon Inc. (Switzerland)', 'Johnson & Johnson Vision (USA)', 'Lumenis (Israel)', 'Carl Zeiss AG (Germany)', 'Nidek Co., Ltd. (Japan)', 'Bausch + Lomb (USA)', 'LaserSight Technologies, Inc. (USA)', 'Ziemer Ophthalmic Systems AG (Switzerland)', 'Topcon Corporation (Japan)', 'Epsilon Lasers (USA)', 'Oculus Optikgeräte GmbH (Germany)', 'Medtronic (Ireland)', 'VivoSight (United Kingdom)', 'Santen Pharmaceutical Co., Ltd. (Japan)'

The increasing prevalence of eye disorders such as cataracts, glaucoma, and diabetic retinopathy is a key driver of the global ophthalmic lasers market growth. As the population is aging in the world, demand for high treatments, which include laser surgery, is constantly on the increase. Early diagnosis and minimally invasive procedures increase market growth even further.

Increasing Adoption of Femtosecond Lasers in Cataract Surgery: Femtosecond lasers are gaining popularity in cataract surgeries due to their precision and shorter recovery times. This trend is pushing the global ophthalmic lasers market toward minimally invasive procedures, offering patients better outcomes. As technology improves and prices decrease, femtosecond lasers are becoming a preferred choice among surgeons worldwide.

North America currently leads the global ophthalmic lasers market due to advanced health care infrastructure and wide acceptance of innovative technologies; it also possesses strong demand for laser-assisted eye surgeries. The high prevalence of eye diseases in the region, along with favorable reimbursement policies, strengthens North America's leading position, primarily through the United States.

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Global Ophthalmic Lasers Market
Ophthalmic Lasers Market

Report ID: SQMIG45J2276

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