- Wavefront-Guided LASIK
- Wavefront-Optimized LASIK
- Topography Assisted LASIK
- All Laser
LASIK Surgery Market size was valued at USD 3.4 billion in 2021 and is expected to reach a value of USD 5.5 billion by 2028, growing at a CAGR of 7.1% during 2022-28. The Lasik or laser-assisted in-situ keratomileusis is the most commonly performed laser refractive eye surgery to treat myopia (nearsightedness), astigmatism and hyperopia (farsightedness). This LASIK procedure is done for reshaping the cornea and enable light entering the eye to be properly focused on the retina for a clear vision. In a majority of the cases LASIK surgery is a painless procedure and completed within 15 minutes for both eyes and recovery period is as little as 24 hours. The LASIK procedure helps the sighted people free from the lenses, however in it may not completely restore the sight, and may request to use corrective lenses to perform some critical tasks. Global LASIK surgery market is composed of many market players and a majority of the market is dominated by some strong players. Companies in LASIK surgery market is engaged in mergers, acquisitions and collaborations to increase their product portfolio in the market and strengthen their market position. For instance, In September 2016, Johnson & Johnson Inc. entered into definitive agreement to acquire Abbot Medical Optics of Abbot Laboratories to strengthen their product portfolio in ophthalmic products. This acquisition includes Abbot Medical Ophthalmics advanced laser vision technology designed to surgeon productivity and corrects the sightedness and astigmatism. Furthermore, companies also focusing on the new product developments, advancing the existing technologies to diversify their products and grab the market share. Key Developments: In November 2015, Alcon, a subsidiary of Novartis AG has introduced â€œcountoura visionâ€, as first personalised LASIK procedure In December 2013, U.S. Food and Drug Administration approved Nidek, Inc.â€™s topography assisted LASIK system, â€œNidek EC â€“ 5000 Excimer Laser Systemâ€
Fastest Growing Market
LASIK Surgery Market is mainly driven by the growing adaptation LASIK procedure worldwide to treat myopia and hyperopia. In addition, growth rates of a geriatric population who are more susceptible to sight problems and technological advancements expected to boost the LASIK surgery market over the forecast period. Furthermore, increase in government support and hospital and company partnership may drive the LASIK surgery market over the forecast period. However, lack of skilled professionals, minimal awareness about the LASIK surgery in developed and developing regions may hinder the market growth. Moreover, LASIK Surgery may not correct the complete sight and availability of other refractory procedures to act as restraints for the LASIK surgery market over the forecast period.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.