The global refractive surgery devices market was valued at USD 237.84 Million in 2024, driven by technological advancement across the globe. The market is anticipated to grow at a CAGR of 9.30% during the forecast period of 2025-2034, with the values likely to reach USD 578.74 Million by 2034.
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Historical Year
Forecast Year
In July 2024, Al Zahra Hospital introduced the 'refractive surgery unit', highlighting advancements in refractive surgery devices and providing cutting-edge technologies for better patient results. Embracing the latest technologies for effective management of diseases is one of the major market trends.
In June 2024, a hospital located in the Northern part of India, implemented SILK laser eye surgery technology using Johnson & Johnson's ELITA laser system to address myopia and astigmatism. This indicates the adoption of novel technologies to address the population with unmet needs.
The market value of refractive surgery devices is anticipated to rise with strong support from health authorities like the FDA and ongoing research and development efforts.
Value in USD Million
2025-2034
Refractive Surgery Devices Market Outlook
*this image is indicative*
Refractive surgery devices are used to fix refractive errors in multiple eye conditions such as myopia, hyperopia, presbyopia, and astigmatism. Advanced technologies like LASIK and intraocular lenses use devices like excimer lasers, YAG lasers, microkeratomes, and femtosecond lasers to reshape the cornea or eyeball. Growing awareness of eye health, advancements in laser technology, and aging populations looking for vision correction solutions are driving the market growth.
Technological Advancements to Drive the Market Growth
The global refractive surgery devices market is experiencing robust growth, driven by significant technological advancements. One such innovation is Bausch + Lomb’s Teneo™ Excimer Laser Platform, which enhances LASIK vision correction, approved by the FDA in January 2024. The Teneo system enhances LASIK vision correction with its 1,740Hz eye-tracker, ensuring precision despite eye movement, and a high-speed 500Hz laser for faster ablation. Its compact design and user-friendly interface streamline the surgical process, making it an attractive option for ophthalmologists. These advancements are driving demand and shaping the future of refractive surgery.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
Market Breakup by Application:
Market Breakup by End User:
Market Breakup by Region:
Segmentation Based on Application to Witness Substantial Growth
Based on application, the market is divided into myopia, hyperopia, astigmatism, presbyopia, and dry eyes. Myopia and hyperopia are anticipated to lead the market share as they are frequently occurring vision problems that lead to the need for refractive surgery equipment to improve eyesight. Surgery for these conditions enhances both vision and overall quality of life. With increasing awareness, the market for such devices is projected to expand, specifically for presbyopia.
The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the market due to the presence of an advanced medical infrastructure that can support the latest techniques as well as a large pool of patients. The Asia Pacific region is experiencing rapid growth due to influences such as increasing population and higher incomes.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis and strategic initiatives by the leading players. The major companies in the market are as follows:
Alcon Inc. is a Swiss-American firm that focuses on eye care products and is involved in the market for refractive surgery devices. They emphasize new surgical products for cataract and refractive surgeries, demonstrating technologies such as the Clareon™ intraocular lens platform at conferences to improve ophthalmic solutions.
Johnson & Johnson, a multinational pharmaceutical company based in the United States, strategically invested in TECLens to grow its presence in the refractive surgery devices market in June 2024. TECLens provides presbyopia-targeted refractive correction technology without the need for incisions. Johnson & Johnson is backing the advancement of innovative solutions in refractive surgery by spearheading a funding round.
Bausch + Lomb, a company that specializes in eye health products, received FDA authorization for the TENEO Excimer Laser Platform, enhancing its position in the worldwide market for refractive surgery devices. This creative platform improves LASIK eye surgery, helping to increase refractive surgery choices globally and boosting market expansion.
Carl Zeiss Meditec AG, a branch of Carl Zeiss AG, is a leading company in the medical technology industry, creating equipment for eye examinations, medical lasers, and solutions for different medical areas. Their cutting-edge technologies such as VISUMAX® and MEL® 90 lasers enhance patient results and stimulate market expansion.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Nidek Co., Ltd., Ziemer Ophthalmic Systems AG, SCHWIND eye-tech solutions GmbH, iVIS Technologies, LENSAR, Inc., and Topcon Corporation.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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