Global Personalized LASIK Surgery Market: Snapshot
With LASIK surgeries increasingly gaining a repute of being an advanced and highly effective treatment for vision related disorders, primarily myopia, hyperopia, astigmatism, and presbyopia, the global market for personalized LASIK surgery is demonstrating high growth in its size and valuation. In 2015, the market stood at US$1.6 bn in revenues. Increasing at a CAGR of 5.60% between 2016 and 2024, the market’s opportunity is anticipated to reach US$2.6 bn by the end of 2024. The rise in the prevalence of ocular disorders and diseases, increasing risk of infection caused by the continual usage of contact lens, and the emergence of novel ophthalmic technologies are likely to boost this market substantially over the forthcoming years.
North America to Lead Global Personalized LASIK Surgery Market
On the geographical front, the worldwide market for personalized LASIK surgery has been segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In 2015, with a share of 45%, North America acquired the leading position in the global market. The persistent rise in the geriatric population, increasing cases of myopia, and the surging level of awareness among people about the treatment of myopia through laser technique have been driving the market for personalized LASIK surgery in North America since the last few years. Analysts project this regional market to retain its position in the near future, thanks to the advent of new technologies, rise in the prevalence of ocular disorders and diseases, and the augmenting usage of LASIK surgeries in the corrective treatments for vision by ophthalmologists in North America.
Europe is the second-most prominent market for personalized LASIK surgery across the world and is expected to continue like this over the next few years. The increasing prevalence of myopia and presbyopia in European citizens, growing demand for minimally invasive surgeries, and the availability of favorable reimbursement policies are anticipated to propel the Europe personalized LASIK surgery market in the years to come.
Among others, Asia Pacific is expected to exhibit a considerable rise in its market for personalized LASIK surgery in the near future. The growing base of the geriatric population, increasing incidence of myopia and presbyopia, and surging investments from market participants to set up a robust distribution channel can be attributed for this progress in the Asia Pacific market for personalized LASIK surgery. The upswing in the medical tourism and the availability of low cost treatment are also projected to stimulate the Asia Pacific market for LASIK surgery over the coming years.
This exhaustive report includes 30 data tables and 74 figures to give readers a 360° view of the Personalized LASIK Surgery Market. Browse through this 155-page report to know what factors will shape the market during the period 2016-2024
Companies Mentioned in the Report
The report also profiles major players in the global personalized LASIK surgery market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Alcon Laboratories, Inc, Abbott Laboratories Inc., Bausch & Lomb Surgical, Inc., Carl Zeiss, Inc., Nidek Co. Ltd., Lasersight Technologies, Inc., SUPREME ILASIK COMPANY LIMITED., Ziemer Ophthalmic Systems AG (Ziemer Group Company) and others.
The global ophthalmic ultrasound device market has been segmented as follows:
Wave front LASIK
Wavefront Guided LASIK
Wavefront Optimized LASIK
By Disease Indication
By End User
Ambulatory Surgical Centers
Rest of Europe
Australia and New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East and Africa
Rest of Middle East & Africa
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