- Wavefront-Guided LASIK
- Wavefront-Optimized LASIK
- Topography Assisted LASIK
- All Laser
LASIK Surgery Market size was valued at USD 3.4 billion in 2022 and is poised to grow at a CAGR of 7.1% from 2023-2029. 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 enabling light entering the eye to be properly focused on the retina for a clear vision. In a majority of cases LASIK surgery is a painless procedure and completed within 15 minutes for both eyes and the recovery period is as little as 24 hours. The LASIK procedure helps the sighted people free from the lenses, however, 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 are 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 a 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.
LASIK Surgery Market Key Developments:
- In November 2015, Alcon, a subsidiary of Novartis AG has introduced countoura vision as first personalised LASIK procedure
- In December 2013, U.S. Food and Drug Administration approved Nidek, Inc. topography assisted LASIK system, Nidek 5000 Excimer Laser System
Lasik Surgery Market Summary
Study Period
2023-29
Base Year
2022
CAGR
7.1%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Lasik Surgery Market Dynamics
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.
North-America Got Significant Share of
Lasik Surgery Market Regional Analysis
Geographically, LASIK Surgery market is segmented into Latin America, Europe, Asia- Pacific, North America, and the Middle East & Africa. North America expected to grow at notable rates owing to the factors such as the presence of the dominant industry players, developed healthcare infrastructure and rise in awareness and adaptation of LASIK surgery for the treatment of sightedness and astigmatism. Asia Pacific, Middle East and Africa region expected to grow at notable rates owing to developing healthcare infrastructure and rise in awareness related to LASIK surgery. Furthermore, countries such as India and China projecting lucrative growth opportunities owing to rapidly developing healthcare infrastructure and expansion of the multinational companies into these regions.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The lasik surgery market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Lasik Surgery Market Segmentation
By Technology
By End User
- Hospitals
- Eye Clinics
- Ambulatory Surgical Centers
Frequently Asked Questions
The lasik surgery market size was valued at USD 3.4 billion in 2022
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).
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) Lasersight Technologies, Inc. (U.S)
| 1.Executive Summary |
| 2.Global Lasik Surgery Market Introduction |
| 2.1.Global Lasik Surgery Market - Taxonomy |
| 2.2.Global Lasik Surgery Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Lasik Surgery Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Lasik Surgery Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Lasik Surgery Market By Technology, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Wavefront-Guided LASIK |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Wavefront-Optimized LASIK |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Topography Assisted LASIK |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. All Laser |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Lasik Surgery Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Hospitals |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Eye Clinics |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ambulatory Surgical Centers |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Lasik Surgery Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Lasik Surgery Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Wavefront-Guided LASIK |
| 8.1.2.Wavefront-Optimized LASIK |
| 8.1.3.Topography Assisted LASIK |
| 8.1.4.All Laser |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Hospitals |
| 8.2.2.Eye Clinics |
| 8.2.3.Ambulatory Surgical Centers |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Lasik Surgery Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Wavefront-Guided LASIK |
| 9.1.2.Wavefront-Optimized LASIK |
| 9.1.3.Topography Assisted LASIK |
| 9.1.4.All Laser |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hospitals |
| 9.2.2.Eye Clinics |
| 9.2.3.Ambulatory Surgical Centers |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 9.3.7. |
| 10.Asia Pacific (APAC) Lasik Surgery Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Wavefront-Guided LASIK |
| 10.1.2.Wavefront-Optimized LASIK |
| 10.1.3.Topography Assisted LASIK |
| 10.1.4.All Laser |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hospitals |
| 10.2.2.Eye Clinics |
| 10.2.3.Ambulatory Surgical Centers |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Lasik Surgery Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Wavefront-Guided LASIK |
| 11.1.2.Wavefront-Optimized LASIK |
| 11.1.3.Topography Assisted LASIK |
| 11.1.4.All Laser |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hospitals |
| 11.2.2.Eye Clinics |
| 11.2.3.Ambulatory Surgical Centers |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Lasik Surgery Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Wavefront-Guided LASIK |
| 12.1.2.Wavefront-Optimized LASIK |
| 12.1.3.Topography Assisted LASIK |
| 12.1.4.All Laser |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hospitals |
| 12.2.2.Eye Clinics |
| 12.2.3.Ambulatory Surgical Centers |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Nidek, Inc. (U.S.) |
| 13.2.2.Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.) |
| 13.2.3.Novartis AG (Alcon Laboratories, Inc.) (Switzerland) |
| 13.2.4.Valeant Pharmaceuticals International, Inc. (Canada) |
| 13.2.5.Carl Zeiss, Inc. (Germany) |
| 13.2.6.Lasersight Technologies, Inc. (U.S) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Nidek, Inc. (U.S.)
- Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.)
- Novartis AG (Alcon Laboratories, Inc.) (Switzerland)
- Valeant Pharmaceuticals International, Inc. (Canada)
- Carl Zeiss, Inc. (Germany)
- Lasersight Technologies, Inc. (U.S)