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Global LASIK Eye Surgery Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global LASIK Eye Surgery Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 5% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3360.00 Million
Diagram Market Size (Forecast Year) USD 4964.25 Million
Diagram CAGR 5%

Global LASIK Eye Surgery Market, By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser), Vision Error (Myopia, Hyperopia, Astigmatism, Others), End-User (Hospitals, Eye Care Clinic, LASIK Centres, Others), Product (Excimer Laser, Femtosecond Laser) – Industry Trends and Forecast to 2030.

LASIK Eye Surgery Market

LASIK Eye Surgery Market Analysis and Size

The global LASIK eye surgery market is expected to witness significant growth during the forecast period. It reshapes the front surface or cornea to enable light entering the eye and focus on the retina. With more number of people, suffering from eye disorders is the major factor leading to the increase in market growth. Rising demands for minimally invasive surgical procedures with technological advancements in ophthalmic surgeries also contribute to the market. COVID-19 also had a major impact on the market growth.               

Data Bridge Market Research analyses that the global LASIK eye surgery market which was USD 3360.00 million in 2022, is expected to reach USD 4964.25 million by 2030, and is expected to undergo a CAGR of 5.00% during the forecast period. This indicates that the market value. “Wave front optimized” dominates the type segment of the LASIK eye surgery market due to advancement in technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

LASIK Eye Surgery Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser), Vision Error (Myopia, Hyperopia, Astigmatism, Others), End-User (Hospitals, Eye Care Clinic, LASIK Centres, Others), Product (Excimer Laser, Femtosecond Laser)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Abbott (U.S.), Johnson & Johnson Private Limited (U.S.), ZEISS international (Germany), NIDEK CO., LTD (Japan), Ziemer Ophthalmic Systems (U.S.), Alcon (Switzerland), Alcon (Switzerland), AMO Manufacturing USA, LLC (U.S.), LaserSight Technologies, Inc (U.S.), Bausch & Lomb Incorporated (U.S.), Alcon Laboratories Inc. (U.S.)

Market Opportunities

  • Technological Advancement
  • Customized LASIK treatments
  • Rise in Healthcare Expenditure

Market Definition

LASIK is a corrective eye surgery used to treat myopia, hypermetropia, or astigmatism. It is gradually gaining popularity to treat ophthalmic disorders, as it is a permanent alternative to opt out of wearing spectacles or lenses. It is a type of refractive surgery in which the curvature of the corneal surface is reshaped or altered to correct the vision.           

Global LASIK Eye Surgery Market Dynamics

Drivers

  • Increasing Prevalence of Refractive Errors

The rising incidence of refractive errors such as myopia, hyperopia, and astigmatism worldwide has contributed to the growth of the LASIK eye surgery market. Factors such as genetic predisposition, changing lifestyles, increased screen time, and urbanization have led to a higher demand for vision correction procedures.

  • Growing Awareness and Acceptance

Increased awareness about the benefits of LASIK surgery, coupled with positive patient experiences, has enhanced the acceptance of the procedure. Word-of-mouth recommendations, testimonials, and online reviews have played a significant role in promoting LASIK surgery as a reliable and popular vision correction option.

  • Lifestyle Factors

Modern lifestyles that prioritize convenience, active lifestyles, and the desire to reduce dependency on glasses or contact lenses have driven the demand for LASIK surgery. LASIK offers the opportunity to lead a more spontaneous and active lifestyle without the constant need for corrective eyewear.

 Opportunities

  • Technological Advancements

Continued advancements in laser technology and surgical techniques can further improve the safety, precision, and outcomes of LASIK surgery. The development of new laser platforms, wavefront-guided treatments, femtosecond lasers, and customization options can attract more patients and expand the market.

  • Customized LASIK Treatments

Personalized treatments based on individual eye measurements and characteristics offer significant growth potential. Wavefront-guided LASIK, which measures and corrects higher-order aberrations, can provide better visual outcomes, especially for patients with complex refractive errors. Customized LASIK treatments can cater to a wider range of patients and enhance patient satisfaction.

Restraints/Challenges

  • High Cost

The cost of LASIK surgery can be a significant barrier for many potential patients. The procedure is often considered an elective or cosmetic surgery and may not be covered by insurance, making it inaccessible for individuals with limited financial resources. The high upfront cost can deter some people from pursuing LASIK surgery.

  • Safety Concerns and Risks

Although LASIK surgery is generally considered safe and has a high success rate, there are potential risks and complications associated with the procedure. Some individuals may be concerned about the potential for dry eyes, glare, halos, night vision problems, or other side effects. Safety concerns and fear of complications can discourage certain individuals from undergoing LASIK surgery.

This global LASIK eye surgery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global LASIK eye surgery Market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In August 2021, Eye Health America announced accession of Nielsen Eye Center. This acquisition will expand Eye Health America’s continuity of patient care in Tampa Bat Area
  • In June 2021, Jawaharlal Institute of Postgraduate Medical Education and Research (Jimper) launched Lasik surgery

Global Lasik Eye Surgery Market Scope

The global LASIK eye surgery market is segmented on the basis of type, vision error, product and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Wavefront Optimized
  • Wavefront-Guided
  • Topography Guided
  • All Laser

Vision Error

  • Myopia
  • Hyperopia
  • Astigmatism
  • Others

Product

  • Excimer Laser
  • Femtosecond Laser

End-User

  • Hospitals
  • Eye Care Clinic
  • LASIK Centers
  • Others

Global Lasik Eye Surgery Market Regional Analysis/Insights

The global LASIK eye surgery Market is analysed and market size insights and trends are provided by country, type, vision error, product and end-user as referenced above.

The countries covered in the    LASIK eye surgery  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the LASIK eye surgery Market because of the strong base of healthcare facilities, strong presence of major players in the market, increases cases of eye diseases and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The global LASIK eye surgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for LASIK eye surgery market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the LASIK eye surgery market. The data is available for historic period 2015-2020.

Competitive Landscape and Global LASIK Eye Surgery Market Share Analysis

The global LASIK eye surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global LASIK eye surgery market.

Some of the major players operating in the global LASIK eye surgery market are:

  • Abbott (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • ZEISS international (Germany)
  • NIDEK CO., LTD (Japan)
  • Ziemer Ophthalmic Systems (U.S.)
  • Alcon (Switzerland)
  • AMO Manufacturing USA, LLC (U.S.)
  • LaserSight Technologies, Inc (U.S.)
  • Bausch & Lomb Incorporated (U.S.)
  • Alcon Laboratories Inc. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The LASIK eye surgery market size will be worth USD 4964.25 million by 2030.
The growth rate of the LASIK eye surgery market is 5.00% by 2030.
The Increasing Prevalence of Refractive Errors, Growing Awareness and Acceptance & Lifestyle Factors are the growth drivers of the LASIK eye surgery market.
The Type, vision error, product and end-user are the factors on which the LASIK eye surgery market research is based.
Major companies in the LASIK eye surgery market are Abbott (U.S.), Johnson & Johnson Private Limited (U.S.), ZEISS international (Germany), NIDEK CO., LTD (Japan), Ziemer Ophthalmic Systems (U.S.), Alcon (Switzerland), Alcon (Switzerland), AMO Manufacturing USA, LLC (U.S.), LaserSight Technologies, Inc (U.S.), Bausch & Lomb Incorporated (U.S.), Alcon Laboratories Inc. (U.S.)
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