Market Overview:
The global LASIK eye surgery market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of vision impairment and blindness, technological advancements in LASIK eye surgery procedures, and rising demand for refractive surgeries. The global LASIK eye surgery market is segmented on the basis of type into wavefront optimized, wavefront-guided, topography guided, and all laser procedures. The wavefront optimized procedure segment is expected to grow at the highest CAGR during the forecast period owing to its ability to correct higher order aberrations as compared with other types of procedures. On the basis of application, hospitals are expected to account for the largest share of the global LASIK eye surgery market in 2018 followed by clinics and lasik centers.
Product Definition:
LASIK eye surgery is a surgical procedure used to correct vision problems by reshaping the cornea. It is often used to treat nearsightedness, farsightedness, and astigmatism. LASIK eye surgery is important because it can improve vision without the need for glasses or contact lenses.
Wavefront Optimized:
Wavefront optimized LASIK eye surgery is a type of laser vision correction treatment that helps in reshaping the cornea to give more precise and accurate vision. The process involves making very small cuts in the outer layer of the cornea, which allows for better healing and faster recovery. Wavefront LASIK surgery was first introduced by Alcon Laboratories, Inc., a U.S.
Wavefront-Guided:
Wavefront-guided and its usage in LASIK eye surgery market is a technology that helps the surgeons to perform laser vision correction procedures more accurately. It also helps in minimizing the chances of post-operative complications. Wavefront guided lasers offer enhanced precision during surgeries, which results in better outcomes for patients as well as doctors.
Application Insights:
The hospitals segment dominated the global market in 2017. This is owing to factors such as availability of advanced healthcare facilities and highly skilled staff, especially in countries like the U.S., China and India where laser eye surgery is performed regularly. Moreover, hospitals offer a conducive environment for patients undergoing LASIK eye surgery due to high security measures taken by the hospital management to ensure safety for its patients.
On average, it takes approximately one hour post-LASIK procedure for eyesight to stabilize and three weeks until everything looks normal again without glasses or contacts required after LASIK surgery (if any).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key companies, high adoption of advanced technologies, and growing demand for quality healthcare services. Moreover, a rise in the number of patients suffering from vision impairment due to aging is expected to drive regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as China and India. Furthermore, an increase in government initiatives aimed at reducing blindness rates caused byopia is anticipated boost regional demand during the forecast period (2018-2030). For instance, The Indian Council of Medical Research (ICMR) has undertaken several programs for creating awareness about refractive surgery among people so that they can avail these treatments when it becomes available here (ICMR Vision 2020).
Growth Factors:
- Increasing prevalence of refractive errors: The increasing prevalence of refractive errors is one of the key growth drivers for the LASIK eye surgery market. According to a study by The Vision Council, approximately 54% of American adults have some form of refractive error, which increases the demand for corrective eye surgeries such as LASIK.
- Growing awareness about LASIK: There is a growing awareness about LASIK among consumers due to increasing marketing and promotional activities by key players in the market. This has led to an increase in the number of people opting for this surgery.
- Technological advancements: The technological advancements in laser technology and surgical procedures are aiding in the growth of the LASIK eye surgery market. For instance, femtosecond lasers are being increasingly used for flap creation during LASIK surgeries as they offer several advantages over traditional microkeratomes such as greater precision and accuracy.
- Rising disposable income: A rise in disposable income is leading to an increase in spending on luxury goods including medical treatments such as corrective eye surgeries like LASIK surgery . This is providing a boost to the overall growth prospects of this market . 5) Growing aging population: The aging population is another major driver fortheL AS IK ey esurgerymarketas thereisanelevatedprevalenceofrefractiverrorsamongthis demographic group
Scope Of The Report
Report Attributes
Report Details
Report Title
LASIK Eye Surgery Market Research Report
By Type
Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser
By Application
Hospitals, Eye Care Clinics, LASIK Centers, Others
By Companies
Bausch Health, Carl Zeiss, Johnson & Johnson (Abbott Medical Optics), Novartis (Alcon Laboratories), AMO Manufacturing, Nidek, LaserSight Technologies
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global LASIK Eye Surgery Market Report Segments:
The global LASIK Eye Surgery market is segmented on the basis of:
Types
Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser
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
Hospitals, Eye Care Clinics, LASIK Centers, 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:
- Bausch Health
- Carl Zeiss
- Johnson & Johnson (Abbott Medical Optics)
- Novartis (Alcon Laboratories)
- AMO Manufacturing
- Nidek
- LaserSight Technologies
Highlights of The LASIK Eye 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 Optimized
- Wavefront-Guided
- Topography Guided
- All Laser
- By Application:
- Hospitals
- Eye Care Clinics
- LASIK Centers
- 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 LASIK Eye 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?
LASIK eye surgery is a type of eye surgery that uses lasers to correct vision. The surgeon removes the cornea (the front layer of the eye) with a blade, then reshapes it using a laser. This procedure is often done on people who have significant nearsightedness or farsightedness.
Some of the major players in the lasik eye surgery market are Bausch Health, Carl Zeiss, Johnson & Johnson (Abbott Medical Optics), Novartis (Alcon Laboratories), AMO Manufacturing, Nidek, LaserSight Technologies.
The lasik eye surgery market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LASIK Eye 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 LASIK Eye Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LASIK Eye 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 LASIK Eye 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 LASIK Eye Surgery Market Size & Forecast, 2020-2028
4.5.1 LASIK Eye Surgery Market Size and Y-o-Y Growth
4.5.2 LASIK Eye Surgery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Wavefront Optimized
5.2.2 Wavefront-Guided
5.2.3 Topography Guided
5.2.4 All Laser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Eye Care Clinics
6.2.3 LASIK Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LASIK Eye 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 LASIK Eye 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Wavefront Optimized
9.6.2 Wavefront-Guided
9.6.3 Topography Guided
9.6.4 All Laser
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Eye Care Clinics
9.10.3 LASIK Centers
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Wavefront Optimized
10.6.2 Wavefront-Guided
10.6.3 Topography Guided
10.6.4 All Laser
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Eye Care Clinics
10.10.3 LASIK Centers
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Wavefront Optimized
11.6.2 Wavefront-Guided
11.6.3 Topography Guided
11.6.4 All Laser
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Eye Care Clinics
11.10.3 LASIK Centers
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Wavefront Optimized
12.6.2 Wavefront-Guided
12.6.3 Topography Guided
12.6.4 All Laser
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Eye Care Clinics
12.10.3 LASIK Centers
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Wavefront Optimized
13.6.2 Wavefront-Guided
13.6.3 Topography Guided
13.6.4 All Laser
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Eye Care Clinics
13.10.3 LASIK Centers
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 LASIK Eye Surgery Market: Competitive Dashboard
14.2 Global LASIK Eye Surgery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bausch Health
14.3.2 Carl Zeiss
14.3.3 Johnson & Johnson (Abbott Medical Optics)
14.3.4 Novartis (Alcon Laboratories)
14.3.5 AMO Manufacturing
14.3.6 Nidek
14.3.7 LaserSight Technologies
