Market Overview:
The global LASIK 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 refractive errors, technological advancements in LASIK surgery procedures, and rising demand for minimally invasive surgeries. The global LASIK surgery market is segmented on the basis of type into wavefront guided LASIK surgery, wavefront optimized LASIK surgery, and topography guided LASIK surgery. The wavefront guided procedure segment is expected to account for the largest share of the global market in 2018 owing to its superior outcomes as compared to other types of procedures. On the basis of application, hospitals are expected to account for the largest share of the global market in 2018 followed by ophthalmic clinics and ASCs.
Product Definition:
LASIK surgery is a surgical procedure that uses a laser to correct vision problems. It is used to treat nearsightedness, farsightedness, and astigmatism.
Wavefront Guided LASIK Surgery:
Wavefront guided LASIK surgery is a type of laser eye surgery that helps in reshaping the cornea to give more precise and accurate results. It also helps in improving visual acuity, eliminating myopia (near sightedness), hyperopia (far sightedness) and astigmatism.
The major driving factors responsible for growth of this market include rising prevalence of refractive errors such as myopia, hyperopia, presbyopia.
Wavefront Optimized LASIK Surgery:
Wavefront LASIK surgery is a type of laser eye surgery that helps in reshaping the cornea to give more precise and accurate vision. It's an advanced technology that utilizes ultra-fast lasers for reshaping the cornea.
Application Insights:
Based on application, the global market is segmented into hospitals, ophthalmic clinics and ASCs. Hospitals held the largest share in 2017 owing to availability of advanced healthcare facilities at major cities across countries such as U.S., China and India. Furthermore, increasing number of LASIK procedures being performed at hospitals is expected to boost industry growth over the forecast period.
Owing to these factors many ophthalmic clinics have started offering refractive surgeries which has increased competition between them resulting in higher penetration rate compared with hospital based centers for Topography guided LASIK surgery globally during recent years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key companies, rising number of FDA approved devices, and growing awareness about Lasik surgery. In addition, high prevalence of refractive errors in this region is also expected to drive growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising disposable income levels in emerging countries such as China & India.
In September 2016; Alcon launched Mioticron treatment using Femto-LASIK technology for cataract patients suffering from hyperopia (farsightedness).
Growth Factors:
- Increasing prevalence of refractive errors: The increasing prevalence of refractive errors is one of the key growth drivers for the LASIK 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 surgery.
- Growing awareness about LASIK surgery: There is a growing awareness about LASIK surgery among people due to increasing number of studies and research being conducted on this topic. This is resulting in an increase in the number of people opting for this surgical procedure.
- Technological advancements: The technological advancements in the field of ophthalmology are leading to new and improved surgical procedures such as femtosecond laser-assisted LASIK, which is driving the growth of the global LASIK surgery market.
- Rising disposable income: A rise in disposable income has led to an increase in spending on medical treatments including corrective eye surgeries such as LASIK surgery, thereby propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
LASIK Surgery Market Research Report
By Type
Wavefront Guided LASIK Surgery, Wavefront Optimized LASIK Surgery, Topography Guided LASIK Surgery
By Application
Hospitals, Ophthalmic Clinics, ASCs
By Companies
Johnson & Johnson, Novartis, Bausch Health, Carl Zeiss, Nidek, Ziemer Ophthalmic Systems
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global LASIK Surgery Market Report Segments:
The global LASIK Surgery market is segmented on the basis of:
Types
Wavefront Guided LASIK Surgery, Wavefront Optimized LASIK Surgery, Topography Guided LASIK Surgery
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, Ophthalmic Clinics, ASCs
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 & Johnson
- Novartis
- Bausch Health
- Carl Zeiss
- Nidek
- Ziemer Ophthalmic Systems
Highlights of The 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 LASIK Surgery
- Wavefront Optimized LASIK Surgery
- Topography Guided LASIK Surgery
- By Application:
- Hospitals
- Ophthalmic Clinics
- ASCs
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is a type of eye surgery that uses lasers to correct vision. The surgery is done on an outpatient basis and typically takes about 30 minutes. During the procedure, the doctor uses a laser to create a precise, thin flap in your eyeu2019s surface. This flap is then removed and replaced with new tissue, restoring your vision.
Some of the major companies in the lasik surgery market are Johnson & Johnson, Novartis, Bausch Health, Carl Zeiss, Nidek, Ziemer Ophthalmic Systems.
The lasik 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 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 Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 LASIK Surgery Market Size & Forecast, 2018-2028
4.5.1 LASIK Surgery Market Size and Y-o-Y Growth
4.5.2 LASIK Surgery Market Absolute $ Opportunity
Chapter 5 Global 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 LASIK Surgery Market Size Forecast by Type
5.2.1 Wavefront Guided LASIK Surgery
5.2.2 Wavefront Optimized LASIK Surgery
5.2.3 Topography Guided LASIK Surgery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 LASIK Surgery Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ophthalmic Clinics
6.2.3 ASCs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 LASIK Surgery Analysis and Forecast
9.1 Introduction
9.2 North America 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 LASIK Surgery Market Size Forecast by Type
9.6.1 Wavefront Guided LASIK Surgery
9.6.2 Wavefront Optimized LASIK Surgery
9.6.3 Topography Guided LASIK Surgery
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 LASIK Surgery Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ophthalmic Clinics
9.10.3 ASCs
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 LASIK Surgery Analysis and Forecast
10.1 Introduction
10.2 Europe 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 LASIK Surgery Market Size Forecast by Type
10.6.1 Wavefront Guided LASIK Surgery
10.6.2 Wavefront Optimized LASIK Surgery
10.6.3 Topography Guided LASIK Surgery
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 LASIK Surgery Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ophthalmic Clinics
10.10.3 ASCs
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 LASIK Surgery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 LASIK Surgery Market Size Forecast by Type
11.6.1 Wavefront Guided LASIK Surgery
11.6.2 Wavefront Optimized LASIK Surgery
11.6.3 Topography Guided LASIK Surgery
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 LASIK Surgery Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ophthalmic Clinics
11.10.3 ASCs
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 LASIK Surgery Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 LASIK Surgery Market Size Forecast by Type
12.6.1 Wavefront Guided LASIK Surgery
12.6.2 Wavefront Optimized LASIK Surgery
12.6.3 Topography Guided LASIK Surgery
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 LASIK Surgery Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ophthalmic Clinics
12.10.3 ASCs
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) LASIK Surgery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) LASIK Surgery Market Size Forecast by Type
13.6.1 Wavefront Guided LASIK Surgery
13.6.2 Wavefront Optimized LASIK Surgery
13.6.3 Topography Guided LASIK Surgery
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) LASIK Surgery Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ophthalmic Clinics
13.10.3 ASCs
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 Surgery Market: Competitive Dashboard
14.2 Global LASIK Surgery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Novartis
14.3.3 Bausch Health
14.3.4 Carl Zeiss
14.3.5 Nidek
14.3.6 Ziemer Ophthalmic Systems
