LASIK Laser System Market Report Presents an Overall Analysis, Development Trends, Driving Forces & Opportunities

The global LASIK laser system market size was valued at USD 1.6 billion in 2021 and is projected to reach around USD 2 billion in 2030 exhibiting a CAGR of 5.0% in the forecasted period. The rising demand for laser eye surgeries and growing awareness about efficiency & safety, and technological developments are anticipated to boost the market growth. On the other hand, the growing cost of ophthalmic devices and risk related to eye surgeries are the restraining factors limiting the growth.

Since laser eye surgery is a practical form of vision correction, more and more people are influenced of its profits. As a result, they choose the permanence and suitability of laser surgery as an alternative of using glasses or contact lenses. Resulting in making LASIK laser eye surgery the most popular form of laser eye surgery worldwide, and for a good reason. When related with alternative forms of laser eye surgery like LASEK, it has faster recovery time, greater precision, and the option of correcting a more complete range of eye prescriptions. Furthermore, it is a safe, efficient treatment with very low risk and can be carried out fast with little to no discomfort and with a littler recovery period.

Considering the current scenario, COVID-19 has left a drastic global public health issue that has impacted almost every business. Its long-term significances are anticipated to boost the industry growth in the stated period. COVID-19 pandemic had had a negative impact on the LASIK laser system market. But, with the upliftment of numerous industries and medical practices, the market is again expected to witness positive growth.

Type Insights

Based on type, the market is segmented into spot-scanning lasers, slit-scanning lasers, wavefront-guided lasers. The wavefront-guided lasers segment is anticipated to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.

Vision Error Insights

On the basis of vision error, the market is bifurcated into myopia, hyperopia, and astigmatism. The myopia segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing number of myopia in the population across the globe.

Download a Free Sample PDF Brochure: https://analyticsmarketresearch.com/sample-request/lasik-laser-system-market/46788/

End User Insights

On the basis of end user, the market is bifurcated into hospitals, clinics, and others. Hospitals are predicted to hold the largest market share. The factors can be attributed for the rising number of patients selecting hospitals for eye surgical procedures and an increasing number of hospitals in developing countries.

Region Insights

North American region accounted for the largest market share as there is a high rate of preference for vision corrective surgeries. Other factors boosting the market are the accessibility of advanced technologies and the high healthcare expenditure of the target population. For example, as per the 2021 report of the American Optometric Association, myopia affects closely 30% of the US population. While the precise cause of myopia is unknown, there is important evidence that many people inherit myopia, or at least the trend to develop myopia. If one or both parents are near-sighted, there is an increased chance their children will be near-sighted. Moreover, according to ARVO Annual Meeting Abstract, in June 2022, the complete prevalence of myopia was 33%, hyperopia was 29% and Astigmatism was 66% in North Canada. Moreover, as per the study by Optometry and Vision Science, in November 2021, the prevalence of myopia was 36.11%, hyperopia was 1.49% and astigmatism was 29.17% in children of Northern Mexico. Henceforth, the high prevalence of vision disorders is expected to fuel the market growth in the region.

Asia-Pacific is anticipated to have highest growth in the LASIK laser system market owing to growing number of refractive errors, surging eye care expenditure, increasing government initiatives, and growing number of eye care centers.

Key Companies Insights

To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global LASIK laser system market include:

· Johnson & Johnson

· Alcon Inc.

· Bausch Health Companies Inc.

· Carl Zeiss AG

· Lasersight Technologies Inc.

· Nidek Co. Ltd

· Ziemer Ophthalmic Systems

· Stryker

· Medtronic

· Other players

Some of the Recent Developments:

· In May 2022, Sohana Hospital, Mohali, India, launched the first LASIK treatment to limit the use of spectacles. The Contoura Vision LASIK surgery can be accomplished in 10 minutes.

· In December 2021, Eye-Q Super Speciality Eye Hospital in Surat, India, re-launched one of its most innovative LASIK machines, I Lasik, to give bladeless operations for youth who want to get rid of their spectacles.

Direct Purchase LASIK Laser System Market Research Report: https://analyticsmarketresearch.com/purchase/lasik-laser-system-market/46788/?license=single

Segments

By Type

· Spot-scanning Lasers

· Slit-scanning Lasers

· Wavefront-guided Lasers

By Vision Error

· Myopia

· Hyperopia

· Astigmatism

By End-User

· Hospitals

· Clinics

· Others

By Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Brazil
Middle East & Africa
Turkey
GCC Countries
Egypt
South Africa

Global LASIK Laser System Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase LASIK Laser System Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Get More Info: https://analyticsmarketresearch.com/reports/lasik-laser-system-market/46788/

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com
Website: https://analyticsmarketresearch.com/contactus/

About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.