At what pace is the excimer laser market growing, and what is its estimated value?
The excimer laser market size has grown rapidly in recent years. It will grow from $0.62 billion in 2024 to $0.68 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing demand for advanced medical treatments, increasing usage in eye surgery, growth in semiconductor manufacturing, rising prevalence of skin conditions, and increasing healthcare expenditure.
The excimer laser market size is expected to see rapid growth in the next few years. It will grow to $1.02 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising demand for non-invasive procedures, a growing aging population, growing demand in healthcare, rising incidence of refractive errors, and growing demand for electronic devices. Major trends in the forecast period include technological advancements, the adoption of AI, machine learning, smart home devices, and blockchain technology.
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What are the top drivers to the rising demand in the excimer laser market?
The increasing prevalence of eye disorders is expected to propel the growth of the excimer laser market going forward. The number of eye disorders is increasing due to several reasons, such as increased screen time, environmental factors, chronic health conditions, a lack of preventive care, and lifestyle factors. An excimer laser is used in eye disorders to reshape the cornea and correct vision issues, such as nearsightedness, farsightedness, and astigmatism. For instance, in August 2024, according to a report published by National Health Services, a US-based government organization, 8,400 low vision assessments were conducted during 2023–24, marking a 3.7% increase from 2022–23. Of these assessments, 87.2% were initial evaluations, while the remaining 12.8% were follow-ups. Therefore, the increasing prevalence of eye disorders is driving the growth 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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Who are the top competitors 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 significant trends should we anticipate in the excimer laser market over the forecast period?
Major companies operating in the excimer laser market are developing technologically advanced solutions, such as excimer laser platforms, to offer high precision and minimal thermal damage. Excimer laser platforms are advanced systems that use excimer lasers to deliver precise, high-energy ultraviolet light for applications such as medical procedures, material processing, and scientific research. For instance, in January 2024, Bausch + Lomb Corporation, a US-based healthcare company, received approval from the U.S. Food and Drug Administration (FDA) for its TENEO Excimer Laser Platform. This marked a significant advancement in LASIK vision correction surgery for myopia and myopic astigmatism. The TENEO platform features an advanced eye-tracking system that operates at 1,740 Hz, more than three times faster than the laser’s repetition rate. This capability helps ensure precise laser ablation patterns, even with patient eye movements.
Which regional trends are influencing the excimer laser market, and which area dominates the industry?
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.
What Does The Excimer Laser Market Report 2025 Offer?
The excimer laser market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An excimer laser is a type of ultraviolet laser that emits high-energy light used to precisely remove or reshape tissue without significant heat damage to surrounding areas. It is commonly used in medical procedures, such as eye surgeries (e.g., LASIK) to reshape the cornea, as well as in dermatology and industrial applications.
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