The global Laser Safety Glasses Market was valued at US$ 626.0 Mn in 2023 in terms of value and is expected to grow at a CAGR of 10.9% (2023-2030) during the forecast period. Laser safety glasses are used in an environment where eyes can potentially be damaged by laser radiation. The key objective of laser safety glasses is to provide comfortable eyewear that can be worn with safety levels of optical density, in order to lessen or reduce hazardous laser exposures. Generally, laser safety glasses are rated based on their optical density, which is the base-10 logarithm of the attenuation factor, by which the optical filter reduces the beam power. Working in an environment, where exposure to laser beams is high, precise eye protection laser glasses are recommended for beams of Class 3B, 3R, and Class 4. Moreover, laser safety glasses help to reduce the amount of light from various types of lasers with specific wavelengths to a safe exposure level while transferring suitable light for better vision.
Global Laser Safety Glasses Market: Drivers
Increasing demand from medical and engineering industries
Laser has been used for various surgeries and applications in the medical sector such as oncology, oncology, eye surgery, aesthetic medicine and cosmetic surgery, dermatology, dentistry, and more. New laser techniques are safe and leave no market post-surgery. Laser safety glasses protect the operator from high density lasers while performing laser treatment processes. Furthermore, advanced laser techniques are used in construction and engineering industry for welding, 3D printing, engraving, and automotive component manufacturing. Such applications require safety glasses, in order to protect the user’s eyes from hazardous radiations. Hence, increasing demand from medical and engineering industries is expected to boost the market growth over the forecast period. For instance, in January 2021, HexArmor (HexArmor are the global leaders in extreme cut, impact, puncture and needlestick resistance hand and body PPE) begins phase two of strategic partnership with uvex safety group, expanding PPE offerings. They launched several new PPE products that have seen enormous success in North and South America – specifically our industry-leading safety eyewear, the VS250 and MX300 models – with permanent anti-fog coatings.
Global Laser Safety Glasses Market: Restraints
Increasing competition among market players is expected to restrain growth of the global laser safety glasses market over the forecast period
High market potential of laser safety glasses especially from medical industry has interested international and regional manufacturers in the field. This has resulted in intense competition in the laser safety glasses industry due to continuous product launch by major manufacturers. market players are focusing on product differentiation and innovation to maintain a competitive edge. They are investing in research and development activities to introduce advanced laser safety glasses with enhanced features such as improved visibility, better comfort, and higher protection levels. Manufacturers are also expanding their product portfolios to cater to specific industry requirements and address the diverse needs of end-users. Matured market players like LASERVISION are striving hard to gain more market through new product launches and added features leading to increased competition.
Global Laser Safety Glasses Market: Opportunities
Innovation of novel products
Laser safety glasses manufacturers are focused on product innovation, in order to sustain the intense competition in the market. Market players are focusing on developing laser safety glasses with advanced features and materials. For instance, there is a growing trend towards the integration of multiple layers of protective filters, which offer improved protection across a wider range of laser wavelengths. Additionally, manufacturers are incorporating anti-fog and anti-scratch coatings to enhance the durability and usability of the glasses. For instance, uvex Group’s LASERVISION is a new line of laser safety glasses for dogs called ‘Doggles’, which offers eye protection to pets during veterinary laser treatment. Doggles have OD specifications of OD+ 800–1100nm. These are available in three sizes and fit pets of any size, ranging from small cats to large dogs.
Global Laser Safety Glasses Market- Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 pandemic has had a significant impact on the Laser Safety Glasses Market. Only essential services were permitted to operate during Covid-19. The clinical area likewise centered around just significant verticals. Since other areas of research and development have been put on hold, supplementing industries like Laser Safety Glasses have lost a lot of money. Demand for laser protective gear has significantly decreased as a result of the closure of laser laboratories and other laser-based businesses. Likewise, hindered store network was critical calculate to challenges obtainment of polycarbonate for the assembling of Laser Security Eyewear. Although Laser Security Eyewear Market experienced a mishap a sluggish recuperation is not too far off as new laser-based exploration to fix Covid-19 disease has created interest as most would consider to be normal to resuscitate the Laser Insurance Eyewear Market during the gauge period.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/laser-safety-glasses-market-3409
Key Takeaways:
The global Laser Safety Glasses market was valued at US$ 626.0 Mn in 2023 and is forecast to reach a value of US$ 1,291.5 Mn by 2030 at a CAGR of 10.9% between 2023 and 2030.
Medical application type segment held a dominant position in the global Laser Safety Glasses market in 2022, accounting for 32.3% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Global Laser Safety Glasses Market Trends:
New Technology and Cost-effective Product
According to Coherent Market Insights’ analysis, the U.S. eyewear market is expected to witness significant growth in the near future, owing to increasing launches of new laser safety glass products with different designs and styles to capture growing trend. Laser safety glasses manufacturers are also focused on merger and acquisition activities, especially in terms of acquiring online retailers. This, in turn, is expected to provide significant growth opportunities for key players to expand their consumer base. Moreover, numerous laser safety glasses manufacturers are enhancing laser safety glass technology and introducing cost-effective laser products to maintain their strong presence in the market.
Increasing use in various industries
Consumers working in industries such as medical, military, automotive manufacturing, and others are frequently exposed to the laser environment in this region. This, in turn, is expected to increase the demand for laser safety products for various applications, thereby driving the regional laser safety glasses market over the forecast period. Optical shops channel continues to be a key distribution channel for laser safety glass eyewear products in the region. Moreover, a robust economy combined with rising disposable income is expected to drive the growth of the laser safety glasses market in the region over the forecast period growth.
Regulations
U.S. Laser safety falls under ANSI 136.2 standard in the U.S. and lasers are categorized into the following general categories. However, category alone is not always sufficient to determine if or which eye protection is required depending on the nature of the business.
Global Laser Safety Glasses Market: Competitive Landscape
Kentek Corporation, Honeywell International Inc., VS Eyewear, Uvex group, Global Laser Ltd., Phillips Safety Products, Inc., NoIR Laser Company LLC, Thorlabs, Inc., Laser Safety Industries, and Univet Optical Technologies.
