LASIK Eye Surgery Market Overview 2020, Global Industry Size to grow at a CAGR of 6.5% | Covid-19 Impact Analysis, Business Demand, Opportunities Technology Trends, SWOT Analysis

Vision related problems have persisted with the onslaught of television and other consumer electronics. Screens and the light given off have been reportedly known to be the cause of eye dryness and other eye problems. The attention to detail given by consumers in their work has taken a toll on the eye and considerable neglect on eye care. But developments focused on eye care have provided treatment options which can restore vision and one of them is LASIK.

Emphasis on external appearances in an age of constant transparency fueled by social media and validation by peers is likely to lead to the need for corrective surgery. Professions demanding of flawless visages can convince customers for opting for the treatment.

What is LASIK Eye Surgery?

LASIK or laser-assisted in situ keratomileusis is a type of refractive surgery known for the treatment of myopia, astigmatism, and hyperopia. The surgery is performed by ophthalmologists and reshapes the eye’s cornea to receive sufficient light. It is a viable alternative considered by people wearing spectacles or contact lenses. According to the World Health Organization (WHO), close to 285 million people had some sort of vision disorder in 2015. As of 2018, close to 8 million Americans have undergone the surgery.

Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/1774

Initiatives for Better Vision

Eye healthcare has been brought to the fore with the large number of vision disorders being prevalent globally. Governments and non-government organizations are gearing up to spread awareness via online campaigns and television Ads. Social media has been utilized with gusto for reaching the masses at a higher rate. For instance, the month of June has been declared Cataract Awareness Month by Prevent Blindness in an effort to make people aware of the symptoms of cataract and making appointments with optometrists for eye-checkup exams.

Nod to New Launches

In 2018, the U.S. FDA approved the commercialization of the iDESIGN Refractive Studio by Johnson & Johnson. It is an equipment used for getting all dimensions of the eye prior to surgery to make it easy for clinicians. It is used for treatment of hyperopia, myopia, and mixed astigmatism.

The Wavefront 400 Hz Technology was adopted by one of the laser centers based in India which performs surgery with the help of an automated laser. The technology adjusts its frequency according to the shape of the eye with a focus on safety and possibility of low errors.

Entry of New Testing Methods

Preventive eye care has taken a first step forward by integrating the technology in mobile applications. This is supported by the high penetration rate of smartphones and availability of these devices at hospitals and clinics. Recently, the Children’s Hospital of Orange County (CHOC) integrated an application called GoCheck Kids for screening kids and testing their eyesight for patients between the ages of 1 and 3.

LASIK Eye Surgery Market Outlook

Market Research Future (MRFR) has stated in its report on the global LASIK eye surgery market to exhibit a high growth rate during the period of 2017 to 2022. Vision-related disorders such as myopia and others are likely to drive the market growth significantly. In addition, the perception of external appearances can play a huge role in shaping the market’s prospects. Efforts are being made by research laboratories for increasing the efficacy of their equipment and treatments and aid doctors in increasing their surgical outcomes. The Americas are expected to be one of the lucrative regions with a sizeable populace affected with a variation of vision disorder and government campaigns aimed at creating awareness of the treatment as well as eye checkup exams for diagnosing it a preventive stage. On the other hand, the Asia Pacific region can be a breeding ground for new products due to large economies of India and China.

But the emergence of refractive cataract surgery and unfavorable reviews for the surgery can impede its growth trajectory.

Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/lasik-eye-surgery-market-1774

LASIK Eye Surgery Market: Segmental Analysis

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

By mode of type, the global LASIK eye surgery market has been segmented into Wavefront-guided, Wavefront optimized, all laser, and topography-guided. Among these, the Wavefront-guided segment is considered to be an advanced technology and utilizes optical aberrations in order to measure and treat high-order aberrations and correct vision.

By mode of vision error, the global LASIK eye surgery market has been segmented into hyperopia, myopia, 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. Among these, the hospitals are estimated to command a major share owing to the high availability of specialized LASIK treatment packages, the surging prevalence of refractive disorders, and entry of private hospitals.

LASIK Eye Surgery Market Regional Insights

Geographically, the LASIK eye surgery market span across regions namely, the America, Asia Pacific, Europe, and the Middle East & Africa.

Considering the global scenario, the LASIK eye surgery market is dominated by the American regio

Market Research Future (MRFR) collected data on several factors including implications of covid-19 impact on microbiome sequencing services market and demographic challenges, showed how it could move forward in the coming years.

n and is likely to retain its pole position in the global market. The growth is credited to the presence of a well-developed technology, high spending on healthcare, increased population affected by vision issues, and extensive government support for R&D activities. With the high concentration of major market players coupled with increased R&D activities, the market is predicted to propel.

The European region is considered to occupy the second spot in the global market due to extensive support from the government for R&D activities coupled with the high availability of funds for research. For instance, economies such as France and Germany are increasing their investment value in the healthcare sector which is likely to contribute towards its growth.

The Asia Pacific region is estimated to expand at the fastest rate due to the rapidly developing healthcare technology, increased expenditure on healthcare, and the presence of a huge patient population in this region. With the surging demand for new treatment methods, especially in economies like China and India, the market is estimated to flourish at a rapid pace.

LASIK Eye Surgery Industry Updates

March 28, 2019: A leading comprehensive eye care center in Arizona, Horizon Eye Specialists & LASIK Center has recently announced that they have started to provide custom LASIK surgery, which is exclusively powered by the iDESIGN. The iDESIGN Advanced WaveScan Studio System generates high-definition eye scan which has been proven to be 25 times more precise than any other traditional LASIK procedures.

LASIK Eye Surgery Market Competitive Dashboard

The prominent players operating in the LASIK eye surgery market comprises LaserSight Technologies Inc (U.S.), Alcon Laboratories Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), Abbott Inc. (U.S.), Carl Zeiss Inc. (Germany), AMO Manufacturing USA LLC (U.S.), and Nidek Inc. (Japan).

Impact of COVID- 19 on Lasik Eye Surgery Market: https://www.marketresearchfuture.com/report/covid-19-impact-lasik-eye-surgery-market

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

This release was published on openPR.