Laser Vision Correction is a surgical technique is used to treat myopia in patients. Major factors such as increasing demand for minimally invasive therapies and growing prevalence of refractive disorders are anticipated boost the global laser vision correction market growth over the forecast period. Also, the global laser vision correction market is expected to expand due to the growing commercialization of licensed LASIK surgery systems. The laser vision correction market report is a well-researched study report comprises a detailed analysis of this industry with certain parameters including the product capacity and the overall market remuneration.
Key Players
Key players operating in the laser vision correction market are Carl Zeiss Meditec AG, Johnson & Johnson, Bausch Health Companies Inc, Schwind Eye-tech-solutions, Ziemer Group AG, SIE AG, Noavartis AG, Nidek co., Ltd, Alcon., etc.
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Impact of COVID-19 on Market
The COVID-19 outbreak expected to severely affect the growth of global laser vision correction market throughout the forecast period. For instance, as per the World Health Organization COVID-19 Dashboard (WHO) report, the manifestation of the COVID-19 has resulted in more than 7 million infected individuals across the globe, as of June 2020. Due to the lockdown, various countries like U.S. U.K. Italy, India, and Others are facing challenges regarding the transportation of laser vision correction devices from one place to another.
Market Segmentation
The Global Laser Vision Correction Market is segmented into type, procedure, therapeutic application, end user, and region.
Based on the type, market is segmented into Excimer Laser, and Femtosecond Laser.
Based on the procedure, market is segmented into LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction), and Others.
Based on the therapeutic application, market is segmented into Cataract, Astigmatism, Presbyopia, Hyperopia, and Myopia.
Based on the end user, market is segmented into Hospitals, Specialty Clinics, and Ambulatory Surgical Centers.
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Market Taxonomy
By Type
- Excimer Laser
- Femtosecond Laser
By Procedure
- LASIK (Laser Assisted In-Situ Keratomileusis)
- PRK (Photo Refractive Keratectomy)
- SMILE (Small Incision Lenticule Extraction)
- Others
By Therapeutic Application
- Cataract
- Astigmatism
- Presbyopia
- Hyperopia
- Myopia
By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Analysis
Based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region held the largest share in the laser vision correction market, due to the rise in incidence of refractive disorders, coupled with high demand for laser treatment. Also, the market in APAC region is expected to witness the fastest growth over the forecast period, owing to the growing demand for new treatment methods in countries like China and India.
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