Custom LASIK Surgery Market Booming in 2018: Alcon Laboratories, Inc., Bausch & Lomb, Carl Zeiss, Inc., Abbott Medical Optics, Nidek, Inc., and Technolas Perfect Vision GmbH.

As highlighted by Coherent Market Insights in its latest report on the market. High degree of precision and personalization as compared to conventional LASIK surgery is expected boost demand for custom LASIK surgery.

Custom LASIK surgery market has witnessed lucrative growth in last five years, owing to its added advantage over conventional LASIK surgery and advanced eye laser treatments. It offers high correction vision and also enhances quality of eye vision in terms of contrast sensitivity.

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Since the introduction of LASIK surgery in 1991, over 10 million patients have been benefitted worldwide. However, the personalized LASIK surgery gained traction post introduction of wavefront guided LASIK surgery in 2002. Since then, various companies have revolutionized the industry by venturing in custom LASIK surgery market.

Product portfolio expansion and partnerships with local players are key custom LASIK surgery market trends, which are expected to shape the industry in the near future.  Moreover, companies are focusing on receiving regulatory approval for their products to differentiate their product offerings.

For instance, Abbott received FDA approval for iDesign Advanced WaveScan Studio in 2015. Major players in the global custom LASIK surgery market include Alcon Laboratories, Inc., Bausch & Lomb, Carl Zeiss, Inc., Abbott Medical Optics, Nidek, Inc., and Technolas Perfect Vision GmbH.

Increasing incidence of refractive disorders coupled with high demand for eye laser treatment is expected to drive growth of the LASIK surgery market. For instance, according to the American Academy of Ophthalmology, 2016, an estimated 23% of the U.S. population aged above 40 years suffered from myopia. Only a fraction of the market is commercialized with custom LASIK surgery procedure.

Key players in the market are majorly investing on research and development of custom LASIK technology. Companies such as Abbott Medical Optics, Alcon Laboratories, and Wavelight AG, have developed wavefront guided LASIK technology for individual treatment.

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WaveScan System CustomVue LASIK (Abbott Medical Optics), Technolas 217z Zyoptix System for Personalized Vision Correction (Bausch + Lomb) and iDesign Advanced CustomVue LASIK System (Abbott Medical Optics) are some of the FDA-approved wavefront guided custom LASIK systems. WaveLight Allegretto Wave Eye-Q Excimer Laser System (Alcon) is a FDA approved wavefront-optimized LASIK systems.
Topography-guided LASIK systems have gained significant traction in the last few years. Contoura Vision with the WaveLight Allegretto Wave Eye-Q Excimer Laser System is one such example of FDA approved topography-guided LASIK system.

Detailed Segmentation:

Global Custom LASIK Surgery Market, By Procedure:
Wavefront Guided
Wavefront Optimized
Topography

Global Custom LASIK Surgery Market, By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others

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