Market Overview:
The global custom LASIK surgery market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of vision problems, technological advancements in LASIK surgery, and rising demand for customized laser eye surgeries. Based on type, the global custom LASIK surgery market can be segmented into wavefront guided, wavefront optimized, and topography-guided LASIK surgeries. Of these, the wavefront-guided segment is expected to account for the largest share of the global custom LASIK surgery market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to increasing demand for customized laser eye surgeries and technological advancements in wavefront-guided technology. Based on application, the global custom LASIK surgery market can be divided into myopia (nearsightedness), hyperopia (farsightedness), astigmatism (blurred vision due to an irregular curvature of cornea), and others (presbyopia [age-related farsightedness], keratoconus [cone-shaped cornea], etc.).
Product Definition:
LASIK surgery is a common surgical procedure that uses a laser to correct vision problems. The laser is used to reshape the cornea, the clear front surface of the eye. Custom LASIK surgery uses wavefront technology to create a 3-D map of the eye. This map helps the surgeon more accurately target and treat specific vision problems. Custom LASIK surgery may be recommended for people with high levels of astigmatism, nearsightedness, or farsightedness.
Wavefront Guided:
Wavefront guided LASIK surgery is a laser vision correction procedure that was introduced by the National Institute of Health in 2006. It is also known as Guided LASIK or Custom Lasik Surgery. The technique was developed by an international team of researchers and scientists from institutions including Massachusetts Eye and Ear Infirmary, Wills Eye Hospital, University of Pennsylvania, and other research centers.
Wavefront Optimized:
Wavefront LASIK Surgery is a new surgical technique that was developed to improve the quality of laser eye surgery. It allows the surgeon to customize an individual's refractive error by using advanced instruments and software. Wavefront optimized LASIK surgery helps in improving visual acuity, reduces blurring, and increases clarity for better vision.
Application Insights:
The myopia application segment dominated the global custom lasek surgery market in 2017. Myopia is a common eye condition and affects around half of the population globally. As per WHO, in 2016, the prevalence of myopia was 33.0% across the world which is expected to increase to 52.0% by 2050 due to factors such as increasing reading age and number of students at an early stage of life stages leading up to middle-age among certain groups in countries like China and India where laser vision correction surgery is gaining popularity among patients with this condition as it can correct their vision problem quickly without causing any side effects or after-effects which may take a longer time for correction even after wearing glasses for some time now.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of patients opting for technologically advanced procedures and increasing awareness about Lasik surgery. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, high disposable income, and presence of well-developed healthcare infrastructure.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to an increase in government initiatives for conducting eye camps across rural areas along with urban centers. These camps are aimed at creating awareness regarding Lasik surgery and related services thereby boosting regional growth. Moreover, rising medical tourism activities supported by low procedural costs are also expected drive industry expansion over this region during the forecast period.
Growth Factors:
- Increasing demand for corrective eye surgery: The global prevalence of refractive errors is high, and is estimated to be around 600 million people. This number is expected to grow in the future as the population ages, making corrective eye surgery a more common procedure.
- Advances in technology: LASIK technology has evolved over the years, making it a safer and more effective procedure. Newer technologies such as femtosecond lasers are being developed which are even more precise and cause less tissue damage than older technologies.
- Growing awareness about LASIK: There has been an increase in awareness about LASIK among both patients and doctors in recent years. This has led to an increase in demand for the procedure, especially from those who are not candidates for contact lenses or glasses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Custom LASIK Surgery Market Research Report
By Type
Wavefront Guided, Wavefront Optimized, Topography LASIK
By Application
Myopia, Hyperopia, Astigmatism, Others
By Companies
Johnson and Johnson, Alcon, Bausch Health Companies, Abbott Medical Optics, Carl Zeiss AG, Lasersight Technologies, Nidek, Ziemer Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Custom LASIK Surgery Market Report Segments:
The global Custom LASIK Surgery market is segmented on the basis of:
Types
Wavefront Guided, Wavefront Optimized, Topography LASIK
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Myopia, Hyperopia, Astigmatism, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson and Johnson
- Alcon
- Bausch Health Companies
- Abbott Medical Optics
- Carl Zeiss AG
- Lasersight Technologies
- Nidek
- Ziemer Group
Highlights of The Custom LASIK Surgery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wavefront Guided
- Wavefront Optimized
- Topography LASIK
- By Application:
- Myopia
- Hyperopia
- Astigmatism
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Custom LASIK Surgery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Custom LASIK surgery is a type of laser eye surgery that is performed on an individualized basis. This means that the surgeon will take into account your specific needs and preferences when planning the procedure. Custom LASIK may involve using a different type of laser than what is typically used in standard LASIK procedures. Additionally, customizations may be made to the surgical technique or to the eyeglasses that are provided following surgery.
Some of the major players in the custom lasik surgery market are Johnson and Johnson, Alcon, Bausch Health Companies, Abbott Medical Optics, Carl Zeiss AG, Lasersight Technologies, Nidek, Ziemer Group.
The custom lasik surgery market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Custom LASIK Surgery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Custom LASIK Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Custom LASIK Surgery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Custom LASIK Surgery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Custom LASIK Surgery Market Size & Forecast, 2018-2028
4.5.1 Custom LASIK Surgery Market Size and Y-o-Y Growth
4.5.2 Custom LASIK Surgery Market Absolute $ Opportunity
Chapter 5 Global Custom LASIK Surgery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Custom LASIK Surgery Market Size Forecast by Type
5.2.1 Wavefront Guided
5.2.2 Wavefront Optimized
5.2.3 Topography LASIK
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Custom LASIK Surgery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Custom LASIK Surgery Market Size Forecast by Applications
6.2.1 Myopia
6.2.2 Hyperopia
6.2.3 Astigmatism
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custom LASIK Surgery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Custom LASIK Surgery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Custom LASIK Surgery Analysis and Forecast
9.1 Introduction
9.2 North America Custom LASIK Surgery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Custom LASIK Surgery Market Size Forecast by Type
9.6.1 Wavefront Guided
9.6.2 Wavefront Optimized
9.6.3 Topography LASIK
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Custom LASIK Surgery Market Size Forecast by Applications
9.10.1 Myopia
9.10.2 Hyperopia
9.10.3 Astigmatism
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Custom LASIK Surgery Analysis and Forecast
10.1 Introduction
10.2 Europe Custom LASIK Surgery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Custom LASIK Surgery Market Size Forecast by Type
10.6.1 Wavefront Guided
10.6.2 Wavefront Optimized
10.6.3 Topography LASIK
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Custom LASIK Surgery Market Size Forecast by Applications
10.10.1 Myopia
10.10.2 Hyperopia
10.10.3 Astigmatism
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Custom LASIK Surgery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Custom LASIK Surgery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Custom LASIK Surgery Market Size Forecast by Type
11.6.1 Wavefront Guided
11.6.2 Wavefront Optimized
11.6.3 Topography LASIK
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Custom LASIK Surgery Market Size Forecast by Applications
11.10.1 Myopia
11.10.2 Hyperopia
11.10.3 Astigmatism
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Custom LASIK Surgery Analysis and Forecast
12.1 Introduction
12.2 Latin America Custom LASIK Surgery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Custom LASIK Surgery Market Size Forecast by Type
12.6.1 Wavefront Guided
12.6.2 Wavefront Optimized
12.6.3 Topography LASIK
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Custom LASIK Surgery Market Size Forecast by Applications
12.10.1 Myopia
12.10.2 Hyperopia
12.10.3 Astigmatism
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Custom LASIK Surgery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Custom LASIK Surgery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Custom LASIK Surgery Market Size Forecast by Type
13.6.1 Wavefront Guided
13.6.2 Wavefront Optimized
13.6.3 Topography LASIK
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Custom LASIK Surgery Market Size Forecast by Applications
13.10.1 Myopia
13.10.2 Hyperopia
13.10.3 Astigmatism
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Custom LASIK Surgery Market: Competitive Dashboard
14.2 Global Custom LASIK Surgery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson and Johnson
14.3.2 Alcon
14.3.3 Bausch Health Companies
14.3.4 Abbott Medical Optics
14.3.5 Carl Zeiss AG
14.3.6 Lasersight Technologies
14.3.7 Nidek
14.3.8 Ziemer Group
