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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Femtosecond Lasers Market: By Power Output, Medium Power, High Power ), By Application Industrial, Scientific Research, Others), By End-user and Region Forecast 2019-2030
Femtosecond Lasers Market size was valued at US$ 357.7 million in 2023 and is expected to reach a value of US$ 525.9 million by 2030, growing at a Significant CAGR of 8.4% from 2024-2030. Femtosecond lasers are the infrared lasers with a wavelength of 1053nm. These lasers work by producing the photoionization or photodisruption of optically transparent tissues such as the cornea. Femtosecond lasers have a pulse duration of femtosecond range (10-15 seconds). Reduce in the pulse duration leads to a decrease in the amount of collateral tissue damage. Femtosecond lasers help to simplify the complex open surgeries of the eye such as LASIK flap creation, cataract surgery, lamellar and full thickness corneal transplantation, and other corneal refractive procedures.
This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes a regulatory scenario and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment hot spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, and policymakers engaged in manufacturing and supply.
Study Period
2024-2030Base Year
2023CAGR
8.4%Largest Market
North AmericaFastest Growing Market
Europe
Rise in number of persons with blindness is a key factor drives the growth of global femtosecond lasers market. According to WHO 2014, approximately 42 Mn people affected by severe blindness, in which cataract is the major reason for 17 Mn patients. Moreover, increase in the R&D activities, various advantages with femtosecond layers compared with others, rise in deployment of ultrafast lasers in biomedical and biological applications, and sophisticated healthcare infrastructure in developed and developing countries are boost the global femtoseconds market over the forecast years. However, lack of well-trained professionals in underdeveloped countries, potential risk of complications, and poor healthcare infrastructure in developing countries are hinder the growth of the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 357.7 million |
Market Size in 2030 |
US$ 525.9 million |
Market CAGR |
8.4% |
By Power Output |
|
By Application |
Medical
Industrial
Scientific Research
Others |
By End-user |
|
By Region |
|
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The femtosecond lasers market size was valued at US$ 357.7 Mn in 2023 and is expected to reach a value of US$ 525.9 Mn by 2030, at a CAGR of 8.4% from 2024-2030
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Femtosecond Lasers Market key players are Medtronic Plc (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), Aleva Neurotherapeutics SA (Switzerland), Soterix Medical Inc. (U.S.), Bioinduction Ltd. (U.K)
1. Executive Summary |
2. Global Femtosecond Lasers Market Introduction |
2.1. Global Femtosecond Lasers Market - Taxonomy |
2.2. Global Femtosecond Lasers Market - Definitions |
2.2.1. By Power Output |
2.2.2. By Application |
2.2.3. By End-User |
2.2.4. By Region |
3. Global Femtosecond Lasers Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Key Developments |
4. Global Femtosecond Lasers Market By Power Output, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
4.1. Low Power (<10 W) |
4.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.1.3. Market Opportunity Analysis |
4.2. Medium Power (10–50 W) |
4.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.2.3. Market Opportunity Analysis |
4.3. High Power (>50 W) |
4.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
4.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.3.3. Market Opportunity Analysis |
5. Global Femtosecond Lasers Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
5.1. Medical |
5.1.1. Refractive Surgery |
5.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.1.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Cataract Surgery |
5.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.1.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.3. Others |
5.1.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.1.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.2. Industrial |
5.2.1. Material Processing |
5.2.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.2.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.1.3. Market Opportunity Analysis |
5.2.2. Surface Texturing |
5.2.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.2.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.2.3. Market Opportunity Analysis |
5.2.3. Others |
5.2.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.2.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3.3. Market Opportunity Analysis |
5.3. Scientific Research |
5.3.1. Biomedical Research |
5.3.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.3.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.1.3. Market Opportunity Analysis |
5.3.2. Physics and Optics Research |
5.3.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.3.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
5.3.2.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Femtosecond Lasers Market By End-User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
6.1. Hospitals and Clinics |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Research Institutes |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Manufacturing Units |
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others |
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Femtosecond Lasers Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Latin America |
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. MEA |
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. North America Femtosecond Lasers Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
8.1. Power Output Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1. Low Power (<10 W) |
8.1.2. Medium Power (10–50 W) |
8.1.3. High Power (>50 W) |
8.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1. Medical |
8.2.1.1. Refractive Surgery |
8.2.1.2. Cataract Surgery |
8.2.1.3. Others |
8.2.2. Industrial |
8.2.2.1. Material Processing |
8.2.2.2. Surface Texturing |
8.2.2.3. Others |
8.2.3. Scientific Research |
8.2.3.1. Biomedical Research |
8.2.3.2. Physics and Optics Research |
8.2.4. Others |
8.3. End-User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1. Hospitals and Clinics |
8.3.2. Research Institutes |
8.3.3. Manufacturing Units |
8.3.4. Others |
8.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.4.1. USA |
8.4.2. Canada |
9. Europe Femtosecond Lasers Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
9.1. Power Output Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Low Power (<10 W) |
9.1.2. Medium Power (10–50 W) |
9.1.3. High Power (>50 W) |
9.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Medical |
9.2.1.1. Refractive Surgery |
9.2.1.2. Cataract Surgery |
9.2.1.3. Others |
9.2.2. Industrial |
9.2.2.1. Material Processing |
9.2.2.2. Surface Texturing |
9.2.2.3. Others |
9.2.3. Scientific Research |
9.2.3.1. Biomedical Research |
9.2.3.2. Physics and Optics Research |
9.2.4. Others |
9.3. End-User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Hospitals and Clinics |
9.3.2. Research Institutes |
9.3.3. Manufacturing Units |
9.3.4. Others |
9.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1. Germany |
9.4.2. UK |
9.4.3. France |
9.4.4. Italy |
9.4.5. Spain |
9.4.6. Rest of Europe |
10. Asia Pacific Femtosecond Lasers Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
10.1. Power Output Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Low Power (<10 W) |
10.1.2. Medium Power (10–50 W) |
10.1.3. High Power (>50 W) |
10.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Medical |
10.2.1.1. Refractive Surgery |
10.2.1.2. Cataract Surgery |
10.2.1.3. Others |
10.2.2. Industrial |
10.2.2.1. Material Processing |
10.2.2.2. Surface Texturing |
10.2.2.3. Others |
10.2.3. Scientific Research |
10.2.3.1. Biomedical Research |
10.2.3.2. Physics and Optics Research |
10.2.4. Others |
10.3. End-User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Hospitals and Clinics |
10.3.2. Research Institutes |
10.3.3. Manufacturing Units |
10.3.4. Others |
10.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1. China |
10.4.2. India |
10.4.3. Japan |
10.4.4. South Korea |
10.4.5. ASEAN Countries |
10.4.6. Rest of APAC |
11. Latin America Femtosecond Lasers Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
11.1. Power Output Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Low Power (<10 W) |
11.1.2. Medium Power (10–50 W) |
11.1.3. High Power (>50 W) |
11.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Medical |
11.2.1.1. Refractive Surgery |
11.2.1.2. Cataract Surgery |
11.2.1.3. Others |
11.2.2. Industrial |
11.2.2.1. Material Processing |
11.2.2.2. Surface Texturing |
11.2.2.3. Others |
11.2.3. Scientific Research |
11.2.3.1. Biomedical Research |
11.2.3.2. Physics and Optics Research |
11.2.4. Others |
11.3. End-User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Hospitals and Clinics |
11.3.2. Research Institutes |
11.3.3. Manufacturing Units |
11.3.4. Others |
11.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1. Brazil |
11.4.2. Mexico |
11.4.3. Argentina |
11.4.4. Rest of Latin America |
12. MEA Femtosecond Lasers Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
12.1. Power Output Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Low Power (<10 W) |
12.1.2. Medium Power (10–50 W) |
12.1.3. High Power (>50 W) |
12.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Medical |
12.2.1.1. Refractive Surgery |
12.2.1.2. Cataract Surgery |
12.2.1.3. Others |
12.2.2. Industrial |
12.2.2.1. Material Processing |
12.2.2.2. Surface Texturing |
12.2.2.3. Others |
12.2.3. Scientific Research |
12.2.3.1. Biomedical Research |
12.2.3.2. Physics and Optics Research |
12.2.4. Others |
12.3. End-User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Hospitals and Clinics |
12.3.2. Research Institutes |
12.3.3. Manufacturing Units |
12.3.4. Others |
12.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1. GCC Countries |
12.4.2. Israel |
12.4.3. South Africa |
12.4.4. Rest of MEA |
13. Competition Landscape |
13.1. Strategic Dashboard of Top Market Players |
13.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
13.2.1. Coherent Corp. |
13.2.2. IPG Photonics Corporation |
13.2.3. Lumentum Holdings Inc. |
13.2.4. Light Conversion |
13.2.5. EKSPLA |
13.2.6. Newport Corporation |
13.2.7. Menlo Systems GmbH |
13.2.8. Amplitude Systemes |
13.2.9. NKT Photonics |
13.2.10. Spectra-Physics |
14. Research Methodology |
15. Key Assumptions and Acronyms |
Key Market Players