Refractive surgery devices, including lasers, microkeratomes, aberrometers, and others, correct vision impairments like myopia (2.2 billion cases) and presbyopia, reducing blindness risk. These devices support minimally invasive procedures with fast recovery. The market is driven by rising myopia, aging populations (28% over 60 by 2040), and patient preference for non-invasive surgeries. Innovations like advanced LASIK and IOL technology boost adoption. The global market is projected to reach between USD 130 million and USD 200 million in 2025, with a CAGR of 7.5% to 9.8% through 2030.
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Regional Analysis
- North America: The U.S. leads with high myopia rates, while Canada focuses on elderly vision care.
- Europe: Germany, France, and the UK drive demand due to advanced eye care systems.
- Asia Pacific: China sees growth from rising myopia, while Japan emphasizes presbyopia treatment.
- Rest of the World: Brazil expands eye clinics, and the Middle East invests in vision correction.
Application Analysis
- Hospitals: Expected growth of 7.6%-9.9%, driven by complex surgeries. Trends focus on precision.
- Ambulatory Surgery Centers: Projected growth of 7.5%-9.8%, linked to outpatient procedures. Developments emphasize efficiency.
- Ophthalmology Clinics: Anticipated growth of 7.7%-10.0%, suited for routine corrections. Advances prioritize patient comfort.
Type Analysis
- Lasers: Expected growth of 7.7%-10.0%, valued for accuracy. Trends highlight advanced LASIK.
- Microkeratome: Projected growth of 7.4%-9.7%, key for corneal flaps. Advances focus on safety.
- Aberrometers: Anticipated growth of 7.6%-9.9%, driven by diagnostics. Innovations emphasize customization.
- Others: Expected growth of 7.3%-9.6%, covering niche tools. Trends lean toward versatility.
Key Market Players
Leading firms include Alcon, collaborating on dry eye tools; Carl Zeiss Meditec, enhancing lasers; Johnson & Johnson, focusing on vision care; Bausch & Lomb Incorporated, launching TENEO; NIDEK, scaling technology; SCHWIND eye-tech-solutions, advancing LASIK; TOPCON CORPORATION, boosting diagnostics; Quantel Medical, targeting precision; Essilor, supporting optics; and STAAR Surgical Company, innovating in IOLs.Porter's Five Forces Analysis
- Threat of New Entrants: Moderate, due to high R&D and regulatory barriers, though niche innovators can enter.
- Threat of Substitutes: Moderate, as glasses and contacts compete, but surgeries offer permanent correction.
- Bargaining Power of Buyers: Moderate, with patients seeking effective, safe devices, though clinical needs limit options.
- Bargaining Power of Suppliers: Low, with multiple component providers.
- Competitive Rivalry: High, with competition on precision, safety, and cost.
Market Opportunities and Challenges
Opportunities:
- Myopia (2.2 billion cases) and presbyopia drive demand.
- Aging populations (28% over 60 by 2040) boost needs, while advanced LASIK and IOLs enhance adoption.
- Patient preference for minimally invasive surgeries increases usage.
Challenges:
- High costs of advanced devices limit access in low-income regions.
- Regulatory delays for new tech slow growth.
- Limited ophthalmologists in rural areas restrict expansion.
- Market News
- In May 2024, CIME highlighted advancements in refractive surgery and IOL technology.
- In January 2024, Bausch & Lomb’s TENEO device received FDA approval for LASIK surgery.
- In June 2024, Alcon and the World Council of Optometry renewed collaboration on dry eye management.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Historical and Forecast Refractive Surgery Device Market in North America (2020-2030)
Chapter 9 Historical and Forecast Refractive Surgery Device Market in South America (2020-2030)
Chapter 10 Historical and Forecast Refractive Surgery Device Market in Asia & Pacific (2020-2030)
Chapter 11 Historical and Forecast Refractive Surgery Device Market in Europe (2020-2030)
Chapter 12 Historical and Forecast Refractive Surgery Device Market in MEA (2020-2030)
Chapter 13 Summary For Global Refractive Surgery Device Market (2020-2025)
Chapter 14 Global Refractive Surgery Device Market Forecast (2025-2030)
Chapter 15 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Alcon
- Carl Zeiss Meditec
- Johnson & Johnson
- Bausch & Lomb Incorporated
- NIDEK
- SCHWIND eye-tech-solutions
- TOPCON CORPORATION
- Quantel Medical
- Essilor
- STAAR Surgical Company
