LASIK Eye Surgery Market to be Driven by a CAGR of 6.5% by 2022
LASIK eye surgery market overview
The LASIK eye surgery business is constantly growing. The prevalence of visual problems is increasing at an alarming rate across the globe, which is expected to grow the global market over the forecast years. According to the MRFR, the LASIK eye surgery market is estimated to earn a CAGR of 6.5% during the forecast period.
Government aids and R&D propel the market forward. Moreover, the high processing rate might retard the expansion of the market throughout the forecast period. Expanding international markets with an aging population will open up new potential for the LASIK eye surgery device market.
The segmented examination of the LASIK eye surgery market is done based on types, region, vision error, and end-user. The LASIK eye surgery market is divided into five regions: Africa, Europe, Americas, Middle East and Asia-Pacific. The LASIK eye surgery market is divided into four types: wavefront-guided, wavefront-optimized, topography-guided, and all-laser. The LASIK eye surgery market is divided into eye care clinics, LASIK centers, hospitals, and others based on the end user. LASIK eye surgery market is divided into myopia, hyperopia and astigmatism based on visual error.
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Detailed regional analysis
The LASIK eye surgery market study is divided into Africa, Europe, Middle East, America and Asia-Pacific. Due to sophisticated technology, a collective visually impaired population that has increased healthcare expenditures, and collective government support for research and progress, the Americas LASIK eye surgery industry is expected to dominate the global market. Additionally, increasing R&D activities and concentration of prominent companies in this region has fueled the LASIK eye surgery market. The leading companies in this market are focusing on conquering many developing markets such as India and China. Due to research and development and access to research funds, the European region holds the second largest position in the LASIK eye surgery market. Due to its large patient population, rapidly changing healthcare technology and high healthcare expenditure, the Asia-Pacific region is the fastest growing market. Additionally, there is likely to be an upsurge in demand for new treatment procedures in India and China.
The market investment trend is assumed to be dominated by mergers and acquisitions. The accumulation of the geographical footprint is expected to reach hitherto untapped segments, which would likely promote market development. Ultimately, the originality and effectiveness of pricing strategies will help the global market return to its optimal level of functioning. The market is expected to benefit from the combined contributions of the competitors, each of them having various development strengths. Market optimism will serve as a springboard for future growth. The function of government agencies is considered essential to the progress of the market. In the coming years, the existence of internet channels is expected to drive the market advance. As the market improves, it is predicted that the role of innovation will gradually become more crucial to success. Improved trade and distribution policies are also expected to drive market development in the coming years.
The main competitors in the LASIK eye surgery market are Alcon Laboratories Inc. (USA), AMO Manufacturing USA, LLC (USA), Nidek Inc. (Japan), Bausch & Lomb Incorporated (USA), Carl Zeiss, Inc. (Germany), Abbott Inc. (USA) and LaserSight Technologies, Inc (USA).
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Jan 2022 Vision Innovation Partners has purchased the practice and surgical center of Memorial Eye Institute, which has been providing Lasik treatments for 26 years. However, even though the ownership has changed, the practice will remain the same. Vision Innovation Partners is funded by Center Partners, a New York and California-based private equity firm focused on the healthcare and consumer sectors.
2.2 Scope of the study
2.2.1 Research objective
3.2 Primary research
3.3 Secondary research
3.4 Market Size Estimation
4.5 Macroeconomic indicators
4.6 Technology Trends and Assessment
Market Factor Analysis
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