LASER SAFETY GLASSES MARKET ANALYSIS

Laser Safety Glasses MarketSize and Trends

The global Laser Safety Glasses Market accounted for US$ 626.0 Mn in terms of value in 2023 and is expected to grow at a CAGR of 10.9% during the forecast period (2023-2030).

Global Laser Safety Glasses Market Trends:

Constant mergers and acquisitions among key market players

Key companies in the market are focused on mergers and acquisitions, in order to enhance their global market presence. For instance, in March 2021, Honeywell, a global technology company, announced the acquisition of Spex CertiPrep, a manufacturer and distributor of analytical reference standards and certified reference materials. While this acquisition does not directly involve laser safety glasses, it highlights the trend of consolidation and companies expanding their product portfolio to serve the broader safety and analytical markets.

Direct sales to customers through e-commerce platforms

Key manufacturers in the market are focused on selling their products direct to consumers through online retail platforms. For instance, Laserglasses.com, an online store owned by Honeywell Safety Products USA Inc., sells laser safety glasses. Moreover, market players are selling their products via major e-commerce platforms such as Amazon.com and eBay.com to increase their customer reach.

Introduction of novel technology is increasing application of lasers

Development of innovative and advanced laser technology has offered a wider scope for the application of laser safety glasses in the medical field, especially in cosmetic surgery, eye surgery, oncology, dermatology, dentistry, etc. procedures. For instance, Contoura Vision Eye Surgery is an advanced form of LASIK (Laser-Assisted In Situ Keratomileusis) that uses topographic mapping technology to create a highly precise and personalized treatment plan. It is designed to correct refractive errors such as nearsightedness, farsightedness, and astigmatism and provides better visual outcomes than traditional LASIK.