LASIK Eye Surgery Market 2019 Research Report implements an exhaustive study on Market Research Future. This Report Cover Key Market Driver, market size, growth rate, opportunities, market Dynamics and Overall Analysis. And also cover the other information such as LASIK Eye Surgery Market trends, Prominent players, chapter-wise Description followed by various user perceptions and Forecast till 2023.
The Global LASIK Eye Surgery Market will expand at 6.5% CAGR between 2017 and 2022, projects Market Research Future (MRFR) in its latest report. LASIK stand for Laser-Assisted in Situ Keratomileusis (LASIK) and is one of the most commonly used surgical procedures for treating vision disorders such as hyperopia, astigmatism and myopia among others. The global prevalence of vision disorders has increased significantly in recent years. In 2015, close to 285 million people were diagnosed with vision impairment issues and number has continued to grow. Meanwhile, manufacturers of LASIK eye surgery devices are ramping up investments in research and development activities in order to improve their product portfolio and provide better treatment options.
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In addition, many of the companies operating in the market are actively implementing merger and acquisition strategies to expand their operations to new markets and create stronger synergies. Over the years, government funding and support in R&D has also increased in the field of ophthalmology, hence creating greater possibilities of providing cost-effective eye care. The aforementioned factors are expected to influence the market throughout the forecast period. On the other hand, reducing the cost of vision correction treatments remains a formidable challenge for market players.
Moreover, some LASIK companies work with insurance providers and certain large employers to provide LASIK discounts to their employees and CareCredit (a healthcare credit card) that covers all medical expenses, including LASIK eye surgery. These easy payment plans offered by LASIK companies fosters the market growth making LASIK as the most preferred surgery.
However, this revolutionary technique has a minor downside that is, its technical complexity. Which sometimes presents challenges to the doctors performing this surgery, while creating the flap. This can result in to damaging the vision permanently. But the good news is LASIK can rarely cause loss of “best” vision.
Key Players for Global LASIK Eye Surgery Market
Nidek, Inc., AMO Manufacturing USA LLC, Abbott Inc., Carl Zeiss, Inc., Alcon Laboratories, Inc., Lasersight Technologies. Inc. and Bausch & Lomb Surgical, Inc. are some of the leaders driving the Global LASIK Eye Surgery Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.
Prominent eye health specialist Bausch + Lomb reportedly presented over 20 new scientific data presentations at the recently held American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting. During event the company also provided a number of surgeons an exclusive access to latest Bausch + Lomb eye care technologies.
Johnoson & Johnson Vision has recently unveiled a world-first contact lens “ACUVUE OASYS®” integrated with Transitions® Light Intelligent Technology. Along with vision correction, the lens also provides a dynamic photochromic filter that aids in balancing the intensity of light entering the eye
Industry, Innovation & Related News
February 27, 2018 – The LASIK Vision Institute (US), a leading provider of LASIK surgery, announced opening of a new center in Duluth, Georgia. The new facility will be featuring topography-guided LASIK technology, the latest in FDA-approved technology for this procedure.
February 14, 2018 – The Omaha Eye & Laser Institute (US) a Pioneer in LASIK & other Laser surgeries & of Eye Care announced that now the institute is also specialized in iLASIK (Customized Bladeless) – considered as one of the most advanced forms of fully-customized , Lasik Laser Vision Correction
February 20, 2018 – Lehigh Valley Center (US) one of the leading eye care centre & LASIK Specialists announced the availability of IntraLase/Bladeless LASIK Eye Surgery.
Global Market for LASIK Eye Surgery – Segmental Analysis
MRFR in its report offers a comprehensive segmental analysis of the market based on vision error, end user and type. By vision error, the market has been segmented into astigmatism, hyperopia, myopia and the others. Further, hyperopia segment is sub-segmented into pathologic hyperopia, physiologic hyperopia and others. The myopia segment is sub-segmented into degenerative, pseudomyopia, simple, induced or acquired, nocturnal and others. Similarly, the astigmatism segment in further sub-segmented into mixed astigmatism, hyperopic astigmatism, myopic astigmatism and others. On the basis of end user, the market is segmented into LASIK centers, eye care clinic and hospitals. By type, the market is segmented into topography guided, wavefront-guided, All Laser and wavefront optimized.
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Regional Analysis for Global LASIK Eye Surgery Market
The Americas is expected to lead the global market for LASIK eye surgery in 2018 and beyond. Availability of latest vision correction technology, increasing prevalence of vision impairment and high healthcare expenditure are some of the major factors driving the market in the region. Moreover, present of established players with robust R&D capacity is creating growth opportunities for LASIK eye surgery in Americas. The market in Europe is also expected to witness healthy growth during the assessment period. Many of the European countries such as France, the UK and Germany are making improvements in framework for the healthcare sector. In Asia Pacific (APAC), local policy makers are introducing new growth policies for the healthcare sector as well as greater emphasis is being placed on provide affordable and effective healthcare. Factor as such are likely to present tremendous growth opportunities to market players operating in region.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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