The global Refractive Surgery Devices market is anticipated to grow significantly at a CAGR of 4.2% over the forecast period (2024-2031). The key aspect that drives the growth of the global refractive surgery devices market includes various technologically advanced products for the treatment of various ophthalmic disorders such as myopia, astigmatism, and others. For instance, the laser is one of the widely accepted treatment measures for eye disease. LASIK (laser-assisted in situ keratomileuses), PRK (Photorefractive Keratectomy), and a lenticular extraction procedure such as SMILE (Small incision lenticule extraction) and Carl ZeissMeditec are the major technological advancement in the laser for vision correction.
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LASIK or laser surgery is a type of refractive surgery for the correction of myopia (short-sightedness), hypermetropia (long-sightedness), and astigmatism (blurred vision). SMILE procedure is another laser eye surgery for the correction of myopia and astigmatism. It is a one-step, one laser, minimally invasive procedure that involves only a few cuts for performing surgical procedures. Further, the presence of the key players operating in the market is also likely to aid the market growth during the forecast period by adopting various growth strategies such as product launches, innovations, and others.
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Market Coverage
- Segment Covered- By Product Type, Application, and End-User
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Abbott Medical Optics, Alcon Vision LLC, Bausch & Lomb Inc., Carl Zeiss Meditec AG, Johnson & Johnson Services, Inc., NIDEK CO., LTD., Topcon Corp., and Ziemer Ophthalmic Systems AG among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Refractive Surgery Devices Market – Segmentation
By Product Type
- Lasers
- Aberrometers
By Application
- Myopia
- Astigmatism
- Others
By End-User
- Hospitals
- Ambulatory Surgery Centers
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