The laser safety glasses market is witnessing significant growth owing to increasing need for eye protection among manufacturing and healthcare professionals. Laser safety glasses help protect eyes from exposure to intense visible and invisible laser light. Made from materials like glass or plastic, they come in prescription and non-prescription lenses along with side protection for eyes.
The global laser safety glasses market is estimated to be valued at US$ 769.91 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Laser safety glasses are used for eye protection across various industries like manufacturing, healthcare, research and development etc. Laser technologies are extensively used in applications like lab work, welding, spectroscopy, surgery and so on. As lasers can easily damage eyes, safety glasses help block majority of laser light and shield eyes from harm. Growing use of high-powered lasers and rising awareness about eye safety has propelled the demand for these glasses. The healthcare industry in particular has emerged as a major end-user with increasing use of surgical lasers.
Key Takeaways
- Key players operating in the laser safety glasses market are 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.
- Growing demand from manufacturing, healthcare and industrial sectors has contributed hugely to Laser Safety Glasses Market Size revenues. Surgical procedures relying on high-powered medical lasers require safety glasses.
- Technological advancements include anti-fog and anti-scratch coatings, rugged frames, side shields, interchangeable lenses and integration of modern protection filters. These enhance comfort, durability and protection capability.
Market Trends
- Lens coating technology advancements - Lenses are coated with advanced filters and coatings to block specific wavelengths of light effectively. Anti-scratch and anti-fog coatings improve usability.
- Increased adoption in healthcare - Surgical lasers used in ophthalmology, dermatology and dentistry drive the need for laser-rated safety eyewear among medical professionals.
Market Opportunities
- Scope for customized products - Manufacturers can introduce customized offerings tailored for the protection needs of different applications and industries.
- Emerging markets in Asia Pacific - Countries like China, India and South East Asian nations offer high growth potential owing to rising industrialization and healthcare infrastructure development.
Impact of COVID-19 on Laser Safety Glasses Market
The COVID-19 pandemic negatively impacted the laser safety glasses market. During the lockdown period, manufacturing facilities and industries dealing with lasers were temporarily shut down. This led to a decline in demand for laser safety glasses. However, with economies restarting post lockdowns, the demand is recovering steadily. In 2024, the market size is projected to reach US$769.91 million.
Pre-pandemic, the laser safety glasses market was growing at a healthy rate driven by increasing industrial applications of high-power lasers across sectors like electronics, healthcare, manufacturing etc. Strict regulations regarding worker safety were also propelling demand. However, during the peak of COVID-19 in 2020-2021, production and sales fell sharply due to global supply chain disruptions caused by travel restrictions and factory closures.
Despite short term decline, post-pandemic demand is recovering backed by pent up demand from delayed projects and new investments. Market players are optimistic about future prospects given rising industrialization in developing nations and growing commercial applications of advanced lasers. However, supply chain issues and potential future virus waves remain key challenges that need closely monitoring. Overall, with resumption of operations across industries, the laser safety glasses market is projected to get back on its long term growth trajectory in the forecast period.
North America region commands largest value share in laser safety glasses market and is expected to remain dominant through 2024. Stringent worker safety compliances and high density of laser technology users across sectors such as healthcare and automotive drive major demand here. Asia Pacific is identified as the fastest growing regional market with China, India, Japan and South Korea witnessing rapid industrial expansion. Growth in manufacturing and increasing laser procedure volumes in medical industry are fuelling the APAC laser safety glasses market.
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