Ophthalmic Lasers Market to Grow at 4.7% CAGR Through 2034, Reaching USD 2.4 Billion

Trishita Deb
Trishita Deb

Updated · Jul 29, 2025

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Overview

New York, NY – July 29, 2025: The Global Ophthalmic Lasers Market is projected to reach around USD 2.4 billion by 2034, up from USD 1.5 billion in 2024. This reflects a steady CAGR of 4.7% from 2025 to 2034. A major factor behind this growth is the rising number of eye disorders worldwide. Conditions such as cataract, glaucoma, and diabetic retinopathy are becoming more common. According to the World Health Organization, early detection and treatment are essential, and laser technology is playing a key role in meeting this need.

Another strong driver is the ageing population. Older adults are at higher risk of developing vision problems. Cataracts and glaucoma, in particular, are more frequent in people over the age of 60. With life expectancy increasing, the number of elderly individuals needing treatment is growing. Governments and healthcare agencies in many countries are now prioritizing eye care for seniors, improving access to laser-based interventions and preventive care.

Technological advancements have also boosted the adoption of ophthalmic lasers. Today’s lasers are more precise, safe, and effective. They offer shorter procedure times and faster recovery, which makes them ideal for outpatient settings. Innovations such as femtosecond lasers and diode lasers are widely used in eye surgeries. These new tools are helping doctors treat a wider range of conditions with fewer side effects, increasing patient satisfaction and trust.

Public health initiatives are expanding access to laser eye treatments. Many countries now include vision screening and laser therapy in their national health programs. Mobile units and public clinics are equipped with modern machines to serve low-income and rural populations. Public funding and partnerships with health organizations are allowing hospitals to upgrade their equipment, ensuring that more patients can benefit from laser technology without high out-of-pocket costs.

Lastly, there is growing preference for non-invasive treatments. Patients now favor procedures that are quick, effective, and don’t involve major surgery. Ophthalmic lasers meet this demand well. They allow for precise corrections without the need for stitches or long recovery periods. This shift toward minimally invasive methods, combined with digital tools like telemedicine, is increasing the accessibility and popularity of laser-based eye care.

Ophthalmic Lasers Market Size

Key Takeaways

  • In 2024, the global ophthalmic lasers market generated around US$ 1.5 billion and is expected to reach US$ 2.4 billion by 2034.
  • The market is expanding at a CAGR of 4.7%, driven by the rising demand for advanced eye treatments and laser-assisted surgeries.
  • Femtosecond lasers led the product type category in 2024, capturing a strong market share of 41.9% due to high precision and minimal invasiveness.
  • Other product types include YAG, diode, and argon lasers, which continue to serve specific surgical and therapeutic ophthalmic procedures.
  • When looking at laser technology, solid-state lasers held the largest share of 49.2%, favored for their reliability and versatility in eye surgeries.
  • Gas lasers and semiconductor lasers follow, each offering unique benefits depending on treatment type and clinical preferences in ophthalmology.
  • Cataract surgery dominated the application segment, accounting for 46.4% of total market revenue due to rising elderly population and surgical volumes.
  • Other key applications include laser eye surgery, glaucoma treatment, and retinal procedures, each contributing steadily to overall market growth.
  • Among end-users, hospitals emerged as the largest segment in 2024, commanding 49.5% of revenue thanks to high patient inflow and advanced facilities.
  • Ophthalmology clinics and ambulatory surgical centers also played key roles in expanding accessibility and driving regional market contributions.
  • Regionally, North America maintained leadership with a 39.1% share, supported by advanced healthcare infrastructure and a high rate of laser procedures.

Segmentation Analysis

In 2024, the femtosecond laser segment led the ophthalmic laser market with a 41.9% share. This dominance is driven by its precision and ability to perform minimally invasive procedures. Femtosecond lasers are commonly used in cataract and refractive surgeries due to their accuracy and shorter recovery times. The increasing demand for safe and effective eye treatments supports its growth. Advancements in laser technology and the shift toward personalized procedures continue to strengthen this segment’s position among both patients and eye care specialists.

The solid-state laser segment captured 49.2% of the market share in 2024. These lasers are valued for their reliability, compact size, and high performance. They are frequently used in treatments for retinal issues and glaucoma. As the focus on minimally invasive procedures grows, solid-state lasers are becoming more preferred. Their efficiency and consistent results make them ideal for ophthalmologists. Continued innovation, including better energy control and improved beam quality, is likely to increase their use in a variety of eye care applications.

Cataract surgery dominated the application segment in 2024, holding a 46.4% revenue share. It remains one of the most commonly performed surgeries worldwide. Femtosecond laser-assisted cataract procedures are gaining momentum due to their precision, faster recovery, and lower risk of complications. The rising elderly population and growing number of cataract cases are major drivers. Increased awareness and preference for outpatient surgeries are also boosting demand. As patients seek safer and quicker solutions, laser-based cataract surgery is expected to see strong growth in coming years.

Hospitals represented 49.5% of the ophthalmic lasers market revenue in 2024. Their role as key providers of complex eye procedures contributes to this large share. Hospitals invest heavily in advanced laser technologies and offer both routine and emergency care. This makes them the preferred setting for high-precision treatments like cataract and glaucoma surgeries. The growing burden of eye diseases and focus on upgrading ophthalmic equipment support ongoing growth. As more hospitals enhance their surgical capabilities, the demand for laser-based solutions will continue to rise steadily.

Key Market Segments

By Product Type

  • YAG Laser
  • Femtosecond Laser
  • Diode Laser
  • Argon Laser

By Technology

  • Gas Laser
  • Solid-State Laser
  • Semiconductor Laser

By Application

  • Laser Eye Surgery
  • Cataract Surgery
  • Retinal Procedures
  • Glaucoma Treatment

By End-user

  • Ophthalmology Clinics
  • Hospitals
  • Ambulatory Surgical Centers

Regional Analysis

North America Leads the Ophthalmic Lasers Market

North America accounted for the largest share of the ophthalmic lasers market, contributing 39.1% to total revenue. The region’s leadership is driven by a growing demand for advanced laser technologies to treat eye conditions such as cataracts, glaucoma, and diabetic retinopathy. An aging population and strong awareness of laser treatment benefits, including faster recovery and fewer side effects, support market growth. Technological innovations like AI-powered lasers enhance precision. In 2021, Lumenis Ltd. collaborated with Advent Health Nicholson Center to advance physician training in laser procedures.

Asia Pacific Expected to Record Fastest Growth

The Asia Pacific region is anticipated to experience the highest CAGR in the ophthalmic lasers market during the forecast period. This surge is driven by increased healthcare investments and rising awareness of laser-based eye treatments. A growing elderly population, along with a higher prevalence of eye diseases, fuels demand for these technologies. Government initiatives and expanding healthcare infrastructure further contribute to market growth. In 2022, Iridex Corporation’s Cyclo G6 glaucoma treatment received regulatory approval in China. Continued advancements and funding are set to accelerate regional adoption.

Key Players Analysis

Key players in the ophthalmic lasers market are focusing on advancing laser technologies such as femtosecond and excimer lasers. These innovations aim to improve precision in procedures like cataract removal and refractive corrections. Companies are heavily investing in research and development to boost laser safety, shorten surgery times, and enhance patient outcomes. Improved technologies also support better recovery experiences. These efforts are driven by rising demand for minimally invasive eye surgeries, as well as the global trend toward personalized and efficient ophthalmic care.

In addition to technology, strategic partnerships are helping expand market reach. Collaborations with hospitals and ophthalmology clinics support wider product adoption. Many companies are also developing portable and user-friendly laser systems. These are designed to meet the needs of smaller practices and clinics, especially in underserved areas. Furthermore, geographic expansion into emerging markets is gaining traction. Growing healthcare infrastructure and increased access to eye care services in these regions are contributing to overall market growth.

Leading Key Players in the Ophthalmic Lasers Market

  • Valon Lasers
  • Topcon
  • QIAGEN
  • Optos
  • IRIDEX Corporation
  • Eurofins Scientific
  • Ellex Medical Lasers
  • Ampath

Emerging Trends

Rise of Patterned and Multispot Laser Delivery

Older lasers targeted one spot at a time. That meant longer treatments and more discomfort for patients. Newer systems now use multispot and patterned laser delivery. These can treat many spots in quick bursts. This is very helpful for retinal diseases, especially diabetic retinopathy. The treatment time is shorter, and patients feel more comfortable. The laser energy is spread out, reducing heat and damage to the eye. Doctors can complete procedures faster, with better control. This technology is making laser treatments quicker, safer, and easier for both doctors and patients.

Femtosecond Laser Expansion

Femtosecond lasers create ultra-short pulses of light. They were first used in LASIK eye surgery. Now, these lasers are used in many other eye procedures. They help in cataract surgery, glaucoma treatments, and corneal transplants. These lasers are very precise and are guided by computers. This reduces the risk of mistakes during surgery. Because they don’t rely on manual cutting, the outcomes are often better. Patients also heal faster. As the technology improves, femtosecond lasers are becoming a key tool in modern eye care.

New Approaches in Glaucoma Laser Treatment

Laser treatment for glaucoma is also changing. Traditional lasers are being replaced by newer methods. Two of these are excimer laser trabeculostomy and micropulse transscleral therapy. These new treatments are less invasive and can be done more than once. That’s helpful for long-term glaucoma care. Patients feel less discomfort, and the recovery is quicker. Doctors are using these treatments more often now. They are better suited for people with advanced glaucoma or who don’t respond to drops. These innovations make glaucoma care safer and more flexible.

Emergence of Advanced Imaging Lasers

Laser-based imaging tools are now being developed. These systems give doctors a closer look at the eye’s blood flow. They can help detect diseases like diabetic retinopathy and age-related macular degeneration earlier. The images are detailed and show changes in the retina over time. This helps doctors track the disease and adjust treatment. While some of these tools are still in testing, the results are promising. These lasers could soon become a standard part of diagnosis and monitoring in eye care.

Use Cases

Vision Correction (LASIK, PRK, SMILE)

Ophthalmic lasers are commonly used to correct vision problems like nearsightedness, farsightedness, and astigmatism. Procedures like LASIK, PRK, and SMILE reshape the cornea to improve how light enters the eye. These surgeries use excimer or femtosecond lasers to ensure precise results. The treatment is fast and involves minimal discomfort. Recovery is quick, and many patients notice improved vision within a day. These procedures are popular because they reduce or even eliminate the need for glasses or contact lenses. Patients enjoy long-term results and improved quality of life. Laser eye correction is safe and widely available in clinics worldwide.

Treatment of Retinal Disorders

Lasers play a big role in treating retinal diseases like diabetic retinopathy and retinal vein occlusion. A procedure called laser photocoagulation is used to seal leaking blood vessels in the retina. This helps prevent further vision loss. Newer laser systems work faster and cause less damage to surrounding tissue. Subthreshold lasers are also used for more delicate areas. They deliver energy in smaller doses, which lowers the risk of harming healthy tissue. These methods offer a gentler treatment option for patients. Laser therapy can slow disease progression and preserve sight in people with chronic retinal issues.

Managing Glaucoma

Lasers help lower eye pressure in people with glaucoma. This is done by improving the drainage of fluid inside the eye. A common treatment is laser trabeculoplasty. It helps open the eye’s drainage system. Newer options like micropulse and excimer lasers are even gentler. These newer lasers deliver energy in short bursts, which reduces damage to nearby tissues. The treatments are safe, quick, and often repeatable. Laser therapy is a good option for people who can’t tolerate eye drops or surgery. It helps prevent vision loss and can delay the need for more invasive procedures.

Eye Imaging and Blood Flow Monitoring

Some lasers are used for eye imaging rather than treatment. These advanced systems scan the eye to show blood flow in real time. Doctors use this technology to detect early signs of diseases like diabetic retinopathy or macular degeneration. The imaging is non-invasive and safe. It helps catch problems before symptoms appear. Early detection means faster treatment and better outcomes. These laser-based imaging tools are valuable in routine eye exams and research. They support better diagnosis and patient care, making it easier to manage long-term eye health.

Conclusion

The ophthalmic lasers market is growing steadily due to rising eye health concerns, an ageing population, and a shift toward non-invasive treatments. Advanced laser technologies now offer safer and more precise procedures, helping doctors treat a wide range of eye conditions more effectively. From cataract surgeries to retinal therapies and glaucoma management, lasers have become a key tool in modern eye care. Their fast recovery times and reduced risk of complications make them highly preferred by both patients and doctors. As healthcare access improves and public awareness increases, more people are expected to benefit from laser-based treatments, making ophthalmic lasers an essential part of future eye care solutions.

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Trishita Deb

Trishita Deb

Trishita has more than 8+ years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.

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