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Laser Vision Correction Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Laser Vision Correction Market size accounted for USD 6.54 Billion in 2023, growing at a CAGR of 7.98% from 2023 to 2033. Laser vision correction refers to a surgical procedure used to correct refractive errors in the eye, such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism. The most common form of laser vision correction is LASIK (Laser-Assisted In Situ Keratomileusis), where a specialized laser is used to reshape the cornea, the clear front surface of the eye, to improve how light rays are focused on the retina. During the procedure, a thin flap is created in the cornea using a microkeratome or a femtosecond laser. The flap is then lifted, and the underlying corneal tissue is reshaped using an excimer laser based on the patient's prescription. Finally, the flap is repositioned, allowing for rapid healing. Other forms of laser vision correction include PRK (Photorefractive Keratectomy) and LASEK (Laser Epithelial Keratomileusis), which involve surface ablation of the cornea without creating a flap. These procedures can reduce or eliminate the need for glasses or contact lenses, providing patients with improved vision and quality of life.The Laser Vision Correction market is primarily driven by increasing demand for precise and minimally invasive vision correction procedures, offering improved visual outcomes and reduced dependency on corrective eyewear. Additionally, technological advancements in laser systems and surgical techniques continue to enhance safety, efficacy, and patient satisfaction, further fueling market growth and adoption.
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Key Highlights:
• The global Laser Vision Correction Market size was valued at USD 6.54 billion in 2023 growing at a CAGR of 7.98% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Laser Vision Correction Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Laser Vision Correction Market players holding high market shares include Alcon, Bausch + Lomb, NIDEK Co., Ltd., Abbott Medical Optics, Inc., and Topcon Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Alcon
• Carl Zeiss Meditec AG
• Johnson & Johnson Vision Care, Inc.
• Bausch + Lomb
• NIDEK Co., Ltd.
• Abbott Medical Optics, Inc.
• Topcon Corporation
• SCHWIND eye-tech-solutions GmbH & Co. KG
• Lumenis Ltd.
• Ziemer Ophthalmic Systems AG
Segmental Analysis
Market Segment By Procedure
• LASIK (Laser Assisted In-Situ Keratomileusis)
• PRK (Photo Refractive Keratectomy)
• SMILE (Small Incision Lenticule Extraction)
• Others
Market Segment By Therapeutic Application
• Myopia
• Hyperopia
• Presbyopia
• Astigmatism
• Cataract
• Others
Market Segment By End User
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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