Market Research Future Added a new research report named as LASIK Eye Surgery Market- with forecast to 2023. Report provides an exclusive industry analysis, emerging trends and statistics, dynamics for market growth rate, market size, share and key players overview by top industry experts.
LASIK Eye Surgery Information: By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser), By Vision Error (Myopia, Hyperopia, Astigmatism, Others), By End Users (Hospitals, Eye Care Clinic, LASIK Centers, Others) -Forecast till 2022
Market Research Future (MRFR) proclaims that the global LASIK eye surgery market is anticipated to register a CAGR of 6.5% during the forecast period (2017-2022). The rapid occurrence of vision problems across the world is estimated to favor the market growth. Also termed as laser eye surgery or laser vision correction, Laser-assisted in situ keratomileusis or LASIK is a kind of refractive surgery which is generally performed to correct myopia, hyperopia, and astigmatism. LASIK is generally performed by an ophthalmologist who uses a laser or microkeratome to reshape the cornea of the eye and also improve the visual acuity.
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Vision problems across the globe are increasing at an alarming rate due to excessive work pressure and changing lifestyle where an individual focus more into studies and spent less time outdoors. This is likely to contribute to the LASIK eye surgery market in the future. Several companies are investing in research and development activities in order to introduce better treatment options for vision problems. For instance, Alcon Laboratories Inc. launched the next generation hydrogen peroxide lens care solution, AOSEPT PLUS with HydraGlyde Solution in 2015. Such product launches are estimated to propel the market growth throughout the appraisal period. Moreover, companies are also investing in mergers and acquisitions for entering the new market, which is estimated to influence its growth worldwide.
The surging awareness among the people is considered one main reason for the market’s growth. The rising vision defects due to consistent use of laptops, computers, and mobile phones and increased global pollution are some of the major factors likely to trigger the demand for LASIK eye surgery worldwide. Moreover, the surgery is considered to be effective as it offers fast recovery time, shorter hospital stays, high precision, and less blood loss. With the rising health concern coupled with increasing disposable income, the market is considered to flourish throughout the appraisal period.
On the contrary, LASIK eye surgery costs high and is not affordable by every segment of audiences. This is estimated to deter the market growth across the globe. Moreover, the technical complexities associated with LASIK eye surgeries can damage the vision permanently. Such factors are estimated to vitiate the market growth in the coming years.
Industry, Innovation & Related News
March 28, 2019: A leading comprehensive eye care center in Arizona, Horizon Eye Specialists & LASIK Center has recently announced that they have started to provide custom LASIK surgery, which is exclusively powered by the iDESIGN. The iDESIGN Advanced WaveScan Studio System generates high-definition eye scan which has been proven to be 25 times more precise than any other traditional LASIK procedures.
Competitive Landscape – LASIK Eye Surgery Market
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.
Key Players – LASIK Eye Surgery Market
The prominent players operating in the LASIK eye surgery market comprises LaserSight Technologies Inc (U.S.), Alcon Laboratories Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), Abbott Inc. (U.S.), Carl Zeiss Inc. (Germany), AMO Manufacturing USA LLC (U.S.), and Nidek Inc. (Japan).
Regional Analysis – LASIK Eye Surgery Market
Geographically, the LASIK eye surgery market span across America, Europe, Asia Pacific, and the Middle East and Africa.
The American region is presumed to dominate the LASIK eye surgery market due to the huge population suffering from vision problems, well-developed technology, growing government support for R&D activities, high spending on health care, and presence of major companies in this region.
Europe holds the second position in the global market due to the high availability of funds for research coupled with government support for R&D activities. Countries such as France and Germany are increasing their investments in the healthcare domain which is further fueling the market growth in this region.
Asia Pacific is considered to be the fastest growing market due to the presence of developing healthcare technology, high expenditure on health care, and huge patient population. Also, growing demand for the latest treatment methods in China and India is considered to emerge as the fastest growing market globally.
Segmental Analysis – LASIK Eye Surgery Market
The global LASIK eye surgery market has been segmented on the basis of vision error, types, and end user.
By mode of type, the global LASIK eye surgery market has been segmented into Wavefront-guided, Wavefront optimized, all laser, and topography-guided. Among these, the Wavefront-guided segment is considered to be an advanced technology and utilizes optical aberrations in order to measure and treat high-order aberrations and correct vision.
By mode of vision error, the global LASIK eye surgery market has been segmented into hyperopia, myopia, astigmatism, and others.
By mode of end-users, the global LASIK eye surgery market has been segmented into eye care clinic, hospitals, LASIK centers, and others. Among these, the hospitals are estimated to command a major share owing to the high availability of specialized LASIK treatment packages, the surging prevalence of refractive disorders, and entry of private hospitals.
Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global LASIK Eye Surgery Market, By Type
Chapter 7. Global LASIK Eye Surgery Market, By Vision Error
Chapter 8. Global LASIK Eye Surgery Market, By End User
Chapter 9. Global LASIK Eye Surgery Market, By Region
Chapter 10. Competitive Landscape
Chapter 11. Company Profile
Chapter 12. Conclusion
Chapter 13. Appendix
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