Custom LASIK Surgery Market, by Procedure (Wavefront Guided, Wavefront Optimized, and Topography), by Therapeutic Applications (Myopia, Hyperopia, Astigmatism, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
The LASIK surgery procedure is carried out for treatment of patients suffering from myopia. Increasing demand for minimally invasive therapies, along with rising prevalence of refractive disorders are expected to boost demand for LASIK surgery procedures over the forecast period. Commercialization of approved LASIK surgery systems is expected to fuel custom LASIK surgery market growth during the forecast period.
Market Dynamics
Changing lifestyle patterns have led to weakening immunity and an increasing susceptibility to various health problems. Eye related diseases have increased in the recent past. For instance, according to the American Academy of Ophthalmology’s 2016 statistics, over 150 million people in the U.S. wear corrective eye wear. Increasing demand for effective treatments is expected to drive demand for custom LASIK procedures.
Rising adoption of merger and acquisition strategies by market players is expected to drive the market growth over the forecast period. For instance, in October 2019, SightMD announced the partnership with Westchester Eye Associates. The partnership is expected to help SightMD expand its presence in the Westchester County, U.S. Moreover, the collaboration has helped Westchester Eye Associates expand the company’s offerings in the areas of cataract, glaucoma, LASIK, oculoplastic and pediatric care.
Key players in the market are focused on product approvals and launches to enhance their portfolio, which is expected to propel the market growth over the forecast period. For instance, in June 2021, Johnson & Johnson Vision, received the U.S. Food and Drug Administration (FDA) approval for iDESIGN Refractive Studio a system, which allows the surgeon to take precise measurement of the inner part of the eye for delivering customized LASIK procedure to patients
Key features of the study:
This report provides in-depth analysis of the custom LASIK surgery market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global custom LASIK surgery market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include Abbott Medical Optics, Alcon Laboratories, Inc., Carl Zeiss, Inc., Bausch & Lomb, Nidek, Inc., and Technolas Perfect Vision GmbH.
Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics.
The global custom LASIK surgery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the custom LASIK surgery market
Detailed Segmentation:
Global Custom LASIK Surgery Market, By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
Global Custom LASIK Surgery Market, By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
Global Custom LASIK Surgery Market, By Region:
North America
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country:
U.S.
Canada
Latin America
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Procedure:
Wavefront Guided
Wavefront Optimized
Topography
By Therapeutic Applications:
Myopia
Hyperopia
Astigmatism
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Alcon Laboratories, Inc. *
Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies
Abbott Medical Optics
Carl Zeiss, Inc.
Bausch & Lomb
Nidek, Inc.
Technolas Perfect Vision GmbH
“*” marked represents similar segmentation in other categories in the respective section.
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