Global LASIK eye surgery market is anticipated to grow at a CAGR of 7.3% during the forecast period. LASIK is Laser-assisted in situ keratomileusis is one of the most common eye surgeries that is used to correct vision errors including Hyperopia, Myopia, and Astigmatism. The factors attributing to the growth of the market include increasing prevenances of vision problems such as Myopia and others. For instance, according to World Health Organization in 2019, there were almost 2.2 billion people who had vision impairment, out of which 1 billion with vision impairment that could have been prevented or is yet to be addressed. Further, the development of highly successful treatments that reduce the dependency of the patient on contact lenses or glasses is also one of the major factors for the growing market. Additionally, increasing demand for minimally invasive surgical treatments is also expected to propel the growth of the market.
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However, the unfavourable reimbursement policies and high prices of treatment further projected to hamper the growth of the market. Some of the common side effects such as dry eyes, under corrections, overcorrections, regressions, vision loss associated with the treatment may also hinder the market growth. Since many government institutes and organizations are supporting patients with vision issues is creating opportunities for the market. For instance, National Eye Institute performs and supports vision research and education programs that support protecting prolong vision.
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in April 2021, Johnson & Johnson has announced a strategic collaboration with Menicon who is involved in the manufacturing of contact lenses. This collaboration involves a broader commitment of Johnson and Johnson to reshape the future of myopia and create a novel portfolio of products and services that manages the progression of myopia in children.
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Market Coverage,
- Segment Covered-
o By Vision Error
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Abbott Laboratories, Johnson & Johnson Servies Inc., Carl Zeiss AG., Bausch Health Companies Inc., Novartis International AG(Alcon), Nidek Co. Ltd., and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global LASIK Eye Surgery Market Report Segment
By of Vision Error
- Myopia
- Hyperopia
- Astigmatism
By Type
- Wavefront Optimized
- Wavefront-Guided
- Topography Guided
By End-User
- Hospitals
- Eye Care Clinic and Lasik Centers
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