LASIK Eye Surgery Market Overview
The global LASIK eye surgery market is registered to expand the market size at a CAGR of 6.5% during the review period. In general, LASIK refers to laser-assisted in situ keratomileuses, which isa corrective eye surgery type that is widely used to cure astigmatism, hypermetropia, and myopia.
The global LASIK eye surgery market is driven due to the rising research and developmental activities relating to LASIK eye surgery and rising government support. Moreover, the global market for LASIK eye surgery has more significant opportunities due to strategic alliances,joint ventures, new product developments, and mergers and acquisitions across the world.
The worldwide market for LASIK eye surgery might experience restraints due to the danger connected with eye procedures. In addition, the increasing cost of ophthalmic devices is estimated to hamper the growth of the global market in the forecast period.
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LASIK Eye Surgery Market Segmentation
As per the worldwide LASIK eye surgery market report, the market has been segmented based on vision error, types, and end-users. It has been found that the global industry is experiencing decent growth in the analysis period.
Based on the type segment, the global LASIK eye surgery industry has been categorized into Wavefront optimized, Wavefront-guided, and Topography guided. Among these, the wavefront-guided Lasik is projected to lead the global market by generating the largest market share during the review timeframe.
In terms of the vision error segment, the market for LASIK eye surgery has been classified into myopia, astigmatism, and hyperopia. Of these, the myopia segment is estimated to generate the largest market share during the assessment period. On the basis of propulsion types segment, the global LASIK eye surgery industryhas been segregated into LASIK facilities, eye care clinics, hospitals, and others.
LASIK Eye Surgery Market Regional Analysis
The LASIK eye surgery market has been spread across various regions, including Asia Pacific,Europe,America, the Middle East & Africa and others.
Of these, the American market for LASIK Eye Surgery is estimated to dominate the global market due to the high healthcare expenditures, well-developed technology, increasinginvestment of government for research and development activities, and growing population of affectedvisual problems. This region is expanding because of the concentration of big enterprises and increasing research and development efforts in the region.
Furthermore, the European LASIK Eye Surgery industry is holding the second leading rank in the forecast period due to theavailability of money for research and rising government support for research and development. Moreover, the countries like France and Germany are giving focus on increasing healthcare investments, which is boosting up the global LASIK eye surgery market growth. In addition, the Asia Pacific market for LASIK eye surgery is projected to be the fastest-growing market during the assessment period due to the increasing healthcare spending,a large patient population, and improving healthcare technologies oi the region.
LASIK Eye Surgery Market Key Players:
The top key players in the LASIK eye surgery market are Carl Zeiss, Inc. (Germany), LaserSight Technologies, Inc (U.S.), Nidek Inc. (Japan) Abbott Inc. (U.S.), Alcon Laboratories Inc. (U.S.), AMO Manufacturing USA, LLC (U.S.), Bausch & Lomb Incorporated (U.S.)
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LASIK Eye Surgery Industry News
Recently, the prominent player ZEISS Medical Technology has declared its Premarket Approval (PMA) by FDA for ReLEx® SMILE® PMA. It has been proposed to develop myopia treatment for astigmatismpatients.
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