LASIK Eye Surgery Market Forecast Covering Growth Propensity and Development Strategies till 2022 – by Abbott Inc., Carl Zeiss, Inc., Alcon Laboratories, Inc., Lasersight Technologies. Inc. and Bausch & Lomb Surgical, etc

The Global LASIK Eye Surgery Market is presumed to expand at 6.5% CAGR during the assessment period (2017-2022) owing to the increasing vision defects due to pollution, asserts Market Research Future (MRFR). LASIK (Laser-assisted in situ keratomileusis), also referred to as laser vision correction or laser eye surgery, is a type of refractive surgery performed to correct hyperopia, myopia, and astigmatism. LASIK surgery is performed by an ophthalmologist by using a microkeratome or a laser to reshape the cornea of one’s eye and improve the visual acuity. LASIK offers a long-lasting alternative to contact lenses and eyeglasses for most of the people.

The LASIK eye surgery market is expanding remarkably owing to the occurrence of visual problems across the globe. According to World Health Organization, around 285 million people across the world are suffering from vision impairment. Changes in environmental factors, for instance, changing lifestyle where individuals focused more into work and studies and spent less time outdoors also affect the vision. Companies are also investing more in research and development activities in order to introduce better treatment facilities for vision problems. For instance, Alcon Laboratories Inc. has launched next generation hydrogen peroxide lens care solution, AOSEPT PLUS with HydraGlyde Solution in 2015. Also, government support is further fueling the growth of the market. Moreover, the growing population has led to the introduction of electronic devices such as mobile phones along with unhealthy lifestyle. This has increased the prevalence of vision problems such as hyperopia astigmatism and myopia. In order to rectify such issues, people are adopting LASIK surgery which is fostering the market growth.

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Moreover, some LASIK companies work with insurance providers and certain large employers to provide LASIK discounts to their employees and CareCredit (a healthcare credit card) that covers all medical expenses, including LASIK eye surgery. These easy payment plans offered by LASIK companies fosters the market growth making LASIK as the most preferred surgery.

However, this revolutionary technique has a minor downside that is, its technical complexity. Which sometimes presents challenges to the doctors performing this surgery, while creating the flap. This can result in to damaging the vision permanently. But the good news is LASIK can rarely cause loss of "best" vision.

Key Players for Global LASIK Eye Surgery Market

Nidek, Inc., AMO Manufacturing USA LLC, Abbott Inc., Carl Zeiss, Inc., Alcon Laboratories, Inc., Lasersight Technologies. Inc. and Bausch & Lomb Surgical, Inc. are some of the leaders driving the Global LASIK Eye Surgery Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.

The market of LASIK Eye Surgery appears to be fiercely competitive & fragmented owing to the presence of numerous matured & small key players accounting for a substantial market share. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. They invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition.

Industry, Innovation & Related News

February 27, 2018 – The LASIK Vision Institute (US), a leading provider of LASIK surgery, announced opening of a new center in Duluth, Georgia. The new facility will be featuring topography-guided LASIK technology, the latest in FDA-approved technology for this procedure.

February 14, 2018 - The Omaha Eye & Laser Institute (US) a Pioneer in LASIK & other Laser surgeries & of Eye Care announced that now the institute is also specialized in iLASIK (Customized Bladeless) - considered as one of the most advanced forms of fully-customized , Lasik Laser Vision Correction

February 20, 2018 - Lehigh Valley Center (US) one of the leading eye care centre & LASIK Specialists announced the availability of IntraLase/Bladeless LASIK Eye Surgery.

Global LASIK Eye Surgery Market: Segmental Analysis

The global LASIK eye surgery market has been segmented on the basis of vision error, type, end-user, and region.

By mode of type, the global LASIK eye surgery market has been segmented into all laser, wavefront-guided, wavefront optimized, and topography-guided. Among these, the Wavefront-guided LASIK is an advanced technology and uses optical aberrations of the eye to correct vision and measure and treat high-order aberrations. It also uses a sophisticated computer-controlled laser which provides better result when compared to the standard laser.

By mode of vision error, the global LASIK eye surgery market has been segmented into hyperopia, myopia, astigmatism, and others. Myopia is further sub-segmented into simple, nocturnal, induced or acquired, degenerative, pseudomyopia, and others. Astigmatism is also sub-segmented into mixed astigmatism, myopic astigmatism, hyperopic astigmatism, and others.

By mode of end-users, the global LASIK eye surgery market has been segmented into eye care clinic, hospitals, LASIK centers, and others. Hospitals are offering minimally invasive (MI) procedures such as LASIK surgery that is highly profitable for the hospitals. They also have access to technologically advanced equipment and specialized surgeons. Factors such as the availability of specialized LASIK treatment packages, the entry of several private hospitals, and the increasing incidence of refractive disorders are presumed to contribute to the growth of the market.

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Regional Analysis for Global LASIK Eye Surgery Market

North America market dominates the global LASIK eye surgery market with the significant market share. The market is further expected to reach astronomical amounts growing at a substantial CAGR throughout the forecast period (2016-2022).

Europe & Asia Pacific is the second & third largest market respectively in the global LASIK eye surgery market. Expected to be a fastest growing market Asia pacific region is estimated to grow rapidly over the projected period.

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