Global LASIK Eye Surgery Market Share, Growth, Size, Opportunities, Trends, Regional Overview with Forecast to 2027
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Globally, the LASIK eye surgery market is growing rapidly. LASIK is the most commonly performed eye surgery. This highly effective outpatient procedure is often referred to as refractive surgery or laser vision correction. LASIK is used to correct vision problems such as nearsightedness, farsightedness and astigmatism. These are very common types of vision problems and millions of people are affected by them. According to the latest research report, the LASIK eye surgery market is expected to grow at a CAGR of 6.5% during the forecast period.
While LASIK offers the possibility of getting rid of glasses and contact lenses for life, many people choose to go under the laser and have their eyesight corrected, the Research Analyst team enlightens us by commenting on this report. deep-dive market research presented through more than 100 market data tables and figures spread over 85 pages.
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Market segmentation
The LASIK eye surgery industry was considered for types, vision errors, and end user.
The different types of LASIK eye surgeries are topography guided, wavefront guided, wavefront optimized, all laser and more.
According to the vision error, the key segments are astigmatism, farsightedness, myopia and others. Types of myopia are degenerative, induced or acquired, simple, nocturnal, pseudomyopia and others. The types of hyperopia are pathological hyperopia, physiological hyperopia and others. Further, the types of astigmatism are mixed astigmatism, hyperopic astigmatism, myopic astigmatism and others.
The main end users are LASIK centers, eye care clinics, hospitals and others.
Market drivers and restraints
Rising demand for In Situ Keratomileusis (LASIK) laser-assisted surgeries to treat myopia, astigmatism, and farsightedness, among other visual impairments, owing to their high precision, is expected to drive the expansion of the market. People are inclined to enhance their aesthetic appeal and often want to eliminate stain uses. The growing popularity of corrective eye surgery through technologically advanced instruments may contribute to the expansion of the market which may favor the LASIK eye surgeries market during the considered period. Other causes such as availability of expertise and presence of affordable healthcare setup are expected to drive the rise of the market in the coming years. The availability of customized solutions can benefit the market in the years to come.
Additionally, the financial support from governments around the world for effective research and development to improve the product line is likely to fuel the LASIK eye surgery market in the coming years. The increase in the price of treatment may hamper the expansion of the market. However, the precision of LASIK surgery and their increasing success rate are forces that are likely to counter the rising market.
Global LASIK Eye Surgery Market – Regional Analysis
Globally, North America is the largest market for LASIK eye surgery. Europe is the second largest market. Also, the Asia-Pacific market is expected to be the fastest growing market for LASIK eye surgery.
North America dominates the global Lasik surgery market, holding the largest market share which is expected to further grow by the end of the forecast period.
Globally, Asia-Pacific has emerged as the fastest growing region and is expected to grow at a significant CAGR rate over the forecast period.
Key market players
LaserSight Technologies, Inc. (USA), Abbott Inc. (USA), Nidek Inc. (Japan), Alcon Laboratories Inc. (USA), Bausch & Lomb Incorporated (USA), AMO Manufacturing USA, LLC (USA) and Carl Zeiss, Inc. (Germany) are leading companies operating in the global LASIK eye surgery market.
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