Refractive Laser Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Ophthalmic Lasers, Microkeratome), By Application (Refractive Error Corrections, Cataract Removal, Diabetic Retinopathy, Others), By Distribution Channel (Hospitals, Ophthalmic Clinics), and Region

Refractive Laser Devices Market size was valued at US$ 169.2 million in 2023 and is poised to grow at a CAGR of 7.8% from 2024 to 2030. Refractive surgery is the method used for correcting or improving the vision. The refractive laser Devices Market involves various surgical procedures for correcting or improving the eye's ability to focus by reshaping the cornea. The most widely used procedure for refractive surgery is LASIK (laser-assisted in-suit keratomileusis, where a laser is used in order to reshape the cornea. The nearsighted people, certain refractive surgery techniques reduce the curvature of the cornea which is steep so that the focusing power of the eye is lessened. There are certain refractive surgery procedures for farsighted people where the steeper cornea will increase the eye's focusing power. Astigmatism can also be corrected using refractive surgery techniques. Furthermore, the increased prevalence of refractive errors and other eye diseases such as myopia, hyperopia, astigmatism, presbyopia, and dry eyes is expected to broaden the market's base. By removing the need for spectacles or contact lenses, refractive surgery allows a person to be more independent. Refractive surgery simplifies vision correction and the treatment of a variety of eye illnesses that could otherwise lead to blindness.