Laser Vision Correction Market, by Procedure (LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction) and Others), by Type (Excimer Laser and Femtosecond Laser), By Therapeutic Application (Myopia, Hyperopia, Presbyopia, Astigmatism, Cataract, and Others), by End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Laser vision correction surgery is performed to correct refractive errors, improve vision, and reduce or eliminate the need for glasses or contact lenses.
Laser vision correction surgery is performed on patients suffering from myopia, hyperopia, astigmatism, or cataract. There are different types of laser vision correction surgeries recommended to patients according to their eye condition. Some of the major types of laser eye surgeries are LASIK, PRK, SMILE, and surface laser treatments.
Market Dynamics
The rising prevalence of refractive disorders are expected to create lucrative growth opportunities for the laser vision correction market during the forecast period. Changing lifestyle has led to weak immunity and increasing susceptibility to various health problems. Eye related diseases have also increased in the recent past. For instance, according to the National Eye Institute (NEI) 2021, cataracts affected 24.4 million Americans in the age group of 40 years or older. Additionally, around half of all Americans in the age group of 75 years and older have suffered from cataracts.
Furthermore, the rising prevalence of myopia, hyperopia, astigmatism, and other conditions is expected to drive the laser vision correction market growth during the forecast period. For instance, according to the Brien Holden Vision Institute’s estimations published in the World Health Organization Report 2015, 52% of the global population will be suffering from high myopia in 2050.
Key features of the study:
This report provides in-depth analysis of the global laser vision correction market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix 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 strategies adopted by leading players
It profiles key players in the global laser vision correction market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study are Johnson & Johnson., Alcon Laboratories, Inc., Nidek co., Ltd., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Ziemer Group AG, Schwind Eye-tech-solutions, and Coherent Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, government initiatives, technological upgradation, market expansion, and marketing tactics
The global laser vision correction market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for laser vision correction market, research and consulting firms, new entrants, and financial analysts.
Detailed Segmentation:
Global Laser Vision Correction Market, By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
Global Laser Vision Correction Market, By Type:
Excimer Laser
Femtosecond Laser
Global Laser Vision Correction Market, By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
Global Laser Vision Correction Market, By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Global Laser Vision Correction Market, By Region:
North America
By Country:
U.S.
Canada
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Procedure:
LASIK (Laser Assisted In-Situ Keratomileusis)
PRK (Photo Refractive Keratectomy)
SMILE (Small Incision Lenticule Extraction)
Others
By Type:
Excimer Laser
Femtosecond Laser
By Therapeutic Application:
Myopia
Hyperopia
Presbyopia
Astigmatism
Cataract
Others
By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Company Profiles
Johnson & Johnson*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Alcon Laboratories, Inc.
Nidek co., Ltd.
Bausch Health Companies Inc.
Carl Zeiss Meditec AG
Ziemer Group AG
Schwind Eye-tech-solutions
Coherent Inc.
“*” marked represents similar segmentation in other categories in the respective section.
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