What Has Been the Progress and Growth of the Excimer Laser Market in Recent Years?
The excimer laser market has seen considerable growth due to a variety of factors.
• In recent times, the excimer laser market has seen a rapid expansion. Its size is set to increase from $0.62 billion in 2024 to $0.68 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%.
The surge during the historical period can be traced back to the growing need for sophisticated medical treatments, its increased application in eye surgery, expansion in the semiconductor manufacturing sector, a rise in skin conditions, and an upturn in health care spending.
What Can Be Expected from the Excimer Laser Market Size?
The excimer laser market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of excimer lasers is projected to experience a swift expansion in the upcoming years, boosting its value to $1.02 billion in 2029, with a compound annual growth rate (CAGR) of 10.5%.
The predicted increase during the forecast period is driven by factors such as an escalating need for non-intrusive procedures, the expansion of the elderly population, rising demand in the healthcare sector, increasing cases of refractive errors, and a surge in demand for electronic devices. Significant trends for the forecast period comprise advancements in technology, the integration of AI, machine learning, smart home devices, blockchain technology.
What Are the Critical Driver Fuelling The Excimer Laser Market's Growth?
The excimer laser market is projected to experience substantial growth due to the rising incidence of eye conditions. Several factors contribute to the surge in eye disorders, including increased screen time, environmental influences, chronic illnesses, a shortage of preventative care, and lifestyle elements. An excimer laser is employed in treating such conditions, specifically to modify the cornea and rectify vision problems like nearsightedness, farsightedness, and astigmatism. For instance, a study from National Health Services, a US governmental agency, in August 2024 revealed that there were 8,400 low vision assessments in 2023-24, representing a 3.7% growth from 2022-23. Out of these evaluations, 87.2% were initial assessments, while 12.8% were follow-up ones. Thus, the escalating incidence of eye disorders is fuelling the expansion of the excimer laser market.
How Is The Excimer Laser Market segmented?
The excimer laser market covered in this report is segmented –
1) By Type Of Gases: Noble Gas, Halogen Gas, Buffer Gas
2) By Technology: Excimer Laser Gas Mixture, Excimer Laser Wavelength
3) By Application: Photolithography, Laser Surgery, Pulsed Laser Deposition, Laser Making O Glass And Plastic, Pumping Of Another Laser
4) By End User: Hospitals And Clinics, Semiconductor Industry, Automotive Industry, Other End Users
Subsegments:
1) By Noble Gas: Argon Fluoride (ArF) Lasers, Krypton Fluoride (KrF) Lasers, Xenon Fluoride (XeF) Lasers, Argon-Ion (Ar+) Lasers, Neon-Ion (Ne+) Lasers
2) By Halogen Gas: Chlorine (Cl2) Lasers, Fluorine (F2) Lasers, Bromine (Br2) Lasers, Hydrogen Fluoride (HF) Lasers, Hydrogen Chloride (HCl) Lasers
3) By Buffer Gas: Neon (Ne) As A Buffer Gas, Helium (He) As A Buffer Gas, Nitrogen (N2) As A Buffer Gas, Xenon (Xe) As A Buffer Gas, Hydrogen (H2) As A Buffer Gas
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What New Trends Are Influencing The Excimer Laser Market?
Leading businesses in the excimer laser market are focusing on the production of technologically sophisticated solutions, such as excimer laser platforms, that offer high precision and limit thermal damage. These platforms utilize excimer lasers to emit high-energy ultraviolet light with precision, and are primarily used for scientific research, material processing, and medical procedures. For example, in January 2024, the U.S. Food and Drug Administration gave its approval to the TENEO Excimer Laser Platform developed by Bausch + Lomb Corporation, a healthcare company based in the US. This approval signaled a major breakthrough in LASIK vision correction surgery for myopia and myopic astigmatism. The TENEO platform includes a sophisticated eye-tracking system functioning at 1,740 Hz, which is over three times faster than the laser's repetition rate, allowing for precise laser ablation patterns even when the patient's eye is moving.
Who Are the Key Players In The Excimer Laser Market?
Major companies operating in the excimer laser market are:
• Abbott Laboratories
• Carl Zeiss AG
• Alcon Inc.
• TRUMPF GmbH + Co. KG
• Nikon Corporation
• Bausch & Lomb Incorporated
• Coherent Inc.
• IPG Photonics Corporation
• Hoya Corporation
• Advanced Medical Optics Inc.
• Lumenis Ltd.
• SUSS MicroTec SE
• Jenoptik AG
• LASIK Vision Correction Inc.
• Gigaphoton Inc.
• TECHNOLAS Perfect Vision GmbH
• Ellex Medical Lasers Limited
• SCHWIND eye-tech-solutions GmbH & Co. KG
• Radiant Dyes Laser & Accessoires GmbH
• Ziemer Ophthalmic Systems AG
• A.R.C. Laser GmbH
• FEMTO LASER Inc.
• WaveLight GmbH
• LightMachinery Inc.
What Is The Most Dominant Region In The Excimer Laser Market?
North America was the largest region in the excimer laser market in 2024. The regions covered in the excimer laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
