Custom LASIK surgery market has grown manifold over the last decade. Increasing demand for minimally invasive therapy along with rise in prevalence rate of refractive disorders has boosted overall demand for LASIK surgery procedure in recent years. Most of the LASIK surgery procedure has been carried out for treatment of patients suffering from myopia. The ophthalmic industry has huge un-met potential. Expected commercialization of FDA-approved LASIK surgery systems is expected to fuel overall custom LASIK surgery market growth during the forecast period (2016–2024).
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Changing lifestyle patterns has in turn led to weakening immunity and has inadvertently increased susceptibility to various health problems worldwide. The global chronic disease incidence rate has increased significantly over the last two decades. Eye related diseases have also increased in the recent past. Over 150 million people in the U.S. wear corrective eye wear according to the American Academy of Ophthalmology 2016 statistics. Myopia is the widely prevalent eye-disorder and its prevalence rate is highest in Japan. High demand for effective treatment approach has led to increased demand for custom LASIK surgery procedure worldwide.
Companies engaged in custom LASIK surgery market are expected to generate significant return on investment (ROI) over the forecast period. The technology has clear added advantage over the conventional approach. While conventional eye exams detects only two corneal abnormalities (spherical and cylindrical), wavefront-guided LASIK system detects infinite number of abnormalities. Moreover, only 1-3% of patients experience LASIK eye surgery complications, making it a highly preferred technique for eye surgeries in the present scenario.
This report segments the custom LASIK surgery market on the basis of procedure, application, and end user. On the basis of procedure, the market is segmented as topography-guided LASIK procedure, Wavefront guided and wavefront optimized. On the basis of therapeutic applications, the custom LASIK surgery market is segmented as myopia, hyperopia, astigmatism, and others.
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Key features of the study:
- This report provides in-depth analysis of the custom LASIK surgery market and provides market size (US$ million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2016 – 2024), considering 2015 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- The report takes into account critical limiting factors such as accuracy issues and need for calibrating the device several times a day while analyzing the market value and growth (%) during the forecast period
- It includes insights on high prevalence of refractive disorders, increasing demand for LASIK surgery across the globe
- It profiles leading players in the global custom LASIK surgery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
- Key companies covered as a part of this study include Abbott Medical Optics, Alcon Laboratories, Inc., Carl Zeiss, Inc., Bausch & Lomb, Nidek, Inc., and Technolas Perfect Vision GmbH.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
- The global custom LASIK surgery market report caters to various stakeholders in this industry, including investors, raw material manufacturer, contract manufacturer, device manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the custom LASIK surgery market
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