LASIK Surgery Market Size, Key Opportunities, Strategic Assessment Forecast To 2021

Precision Business Insights published a research report on “LASIK Surgery Market By Technology (Wavefront-Guided LASIK, Wavefront-Optimized LASIK, Topography Assisted LASIK, All Laser), By End user (Hospitals, Eye Clinics, Ambulatory Surgical Centers), and Geography – Global/Region/Country Forecast to 2027”.

LASIK is a laser-assisted in situ keratomileusis (LASIK) procedure that is used to correct hypermetropia, myopia, and astigmatism. LASIK surgery is becoming increasingly popular as a lasting option to wearing spectacles or contacts for the rest of one's life. It is a type of optical surgery in which the curvature of the corneal layer of the cornea is reshaped or adjusted to improve vision.

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The soaring number of patients affected from ophthalmic disorders, as well as increasing eye care expense, rising demand for minimally invasive procedures, growing amount of eye care centers that would provide personalized LASIK surgeries, rise in awareness about safety and effectiveness, technological developments, and soaring government assistance, are all contributing to the market's expansion. Furthermore, in the forecast timeframe of 2021-2028, increasing technological advancements and digitalization in the manufacturing of paracetamol, increasing research and development ( R&D) in the healthcare industry, and rising emerging economies with an increasing geriatric massive population will open new possibilities for the LASIK surgery market. Additionally, rising ophthalmic device costs and the risk connected with eye surgeries are among the primary factors that would obstruct market expansion and pose a further hurdle to the expansion of the LASIK surgery market over the projection period.

The global LASIK surgery market is categorized in terms of vision error, type, end-user and product. In terms of type, LASIK surgery market is fragmented into wavefront-guided, wavefront optimized, topography guided and all laser. In terms of vision error, the global LASIK surgery market is classified into hyperopia, myopia, astigmatism and others. In terms of end-user, the LASIK surgery market is divided into eye care clinic, hospitals, LASIK centers and others. The global LASIK surgery market is also segregated in terms of product which is further bifurcated into femtosecond laser and excimer laser.

Due to the sheer rising number of refractive errors, growing government initiatives, rising eye care spending, increasing preference for minimally invasive surgical procedures, and growing amount of eye care facilities that would provide personalized LASIK surgeries in this region, Asia-Pacific continues to dominate the LASIK surgery market. In 2014, North America retained a sizable market share. Because of the benefits associated with individualized LASIK surgery, also including fewer side effects and a faster process length, customized LASIK surgery is gaining popularity in North America. In 2015, Europe was also one of the most important regional markets. Some major drivers include growing demands for personalized LASIK surgery and large investments in R&D projects.

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Some of the major players working in lasik surgery market, which include Nidek, Inc. (U.S.), Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.), Novartis AG (Alcon Laboratories, Inc.) (Switzerland), Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Surgical, Inc.) (Canada), Carl Zeiss, Inc. (Germany) and Lasersight Technologies, Inc. (U.S) to name a few.

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