LASIK eye surgery market expected to reach USD 4.56 billion by 2029
LASIK is corrective eye surgery used to treat nearsightedness, farsightedness or astigmatism. It is gradually gaining popularity for treating ophthalmic disorders as it is a permanent alternative to refusing to wear glasses or contact lenses. It is a type of refractive surgery in which the curvature of the corneal surface is reshaped or modified to correct vision.
Data Bridge Market Research analyzes a growth rate in the global LASIK eye surgery market in the forecast period 2022-2029. The expected CAGR of the global LASIK eye surgery market tends to be around 4.52% during the mentioned forecast period. The market was valued at USD 3.20 Billion in 2021, and it will reach USD 4.56 Billion by 2029. Along with market insights such as market value, growth rate, market segments, geographical coverage, market players and market scenario, the Market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, market analysis prices and a regulatory framework.
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Key players operating in the global LASIK eye surgery market include:
- Abbott (USA)
- Johnson & Johnson Private Limited (USA)
- ZEISS international (Germany)
- NIDEK CO., LTD (Japan)
- Ziemer Ophthalmic Systems (USA)
- Alcon (Switzerland)
- AMO Manufacturing USA, LLC (United States)
- LaserSight Technologies, Inc (USA)
- Bausch & Lomb Incorporated (USA)
- Alcon Laboratories Inc. (USA)
Global LASIK Eye Surgery Market Dynamics
- Growth of eye care clinics
The growth of eye care clinics is driving the growth of the market. This may be due to a huge growth in the increase of special eye care clinics across the world. In addition to this, the standard treatment procedures are attracting the attention of more patients along with the developed ophthalmic surgical equipment, driving the global LASIK surgery market.
- Reduced reliance on traditional methods
The development of many high-performance treatments that reduce the patient’s reliance on contact lenses or eyeglasses is also one of the major factors driving the growth of the market. Furthermore, the growing demand for minimally invasive surgical treatments is also expected to drive the market growth.
- Growing incidence of visual impairment
According to a WHO, approximately 285 million people worldwide have visual impairment, and it states that myopia affects 1.89 billion people worldwide, and if the incidence remains constant over the years, it will affect 2, 56 billion people by 2020. Hence, all these eye disorders are driving the growth of the market.
- Increase awareness and technological advancement
The potential for complications and side effects is present with almost all operations, but LASIK is generally considered a safe procedure with a low complication rate. With a complication rate of less than 1%, Lasik eye surgery is one of the safest elective surgical procedures available today. According to the most recent studies, LASIK has a 90% success rate for achieving 20/20 vision and a 95% success rate for 20/40 or better vision. One of the most recent developments in clearing specs via laser vision correction is Contoura Vision.
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Scope of the Global LASIK Eye Surgery Market
The global LASIK eye surgery market is segmented on the basis of type, vision error, product, and end user. The growth among these segments will help you analyze weak growth segments in the industries and provide users with valuable market insight and market insights to help them make strategic decisions to identify major applications of the market.
- Optimized wavefront
- Guided by the wavefront
- Guided survey
- excimer laser
- Femtosecond laser
- Eye care clinic
- LASIK centers
LASIK Eye Surgery Market Country Analysis
Analyze the LASIK Eye Surgery Market and provide market size outlook and trends by country, type, vision error, end user and product as specified above. Countries Covered in the LASIK Yarn Eye Surgery Market Report United States, Canada and Mexico North America, Germany, France, UK, 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 Asia-Pacific (APAC), Saudi Arabia , United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of part of South America.
Asia-Pacific is expected to witness the highest growth in the LASIK eye surgery market owing to the increasing number of refractive errors, rising eye care expenditures, rising government initiatives and the number growing number of eye care centers.
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The countries section of the LASIK Eye Surgery market report also provides individual market impact factors and regulatory changes in the country market that differ from current and future market trends. Data points such as consumption volumes, production sites and volumes, import and export analysis, price trend analysis, raw material cost, value chain analysis downstream and upstream are some of the main indicators. used to forecast the market scenario for each country. Additionally, the presence and availability of global brands and the challenges they face due to high or low competition from local and national brands are considered.
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