The global LASIK surgery market size was valued at USD 3.4 billion in 2021, growing at a CAGR of 7.1% during the forecast period 2022-2028. LASIK is a laser-assisted in situ keratomileusis (LASIK) procedure that is used to correct hypermetropia, myopia, and astigmatism. LASIK surgery is becoming increasingly popular as a lasting option to wearing spectacles or contacts for the rest of one's life. It is a type of optical surgery in which the curvature of the corneal layer of the cornea is reshaped or adjusted to improve vision.
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The soaring number of patients affected from ophthalmic disorders, as well as increasing eye care expense, rising demand for minimally invasive procedures, growing amount of eye care centers that would provide personalized LASIK surgeries, rise in awareness about safety and effectiveness, technological developments, and soaring government assistance, are all contributing to the market's expansion. The increasing technological advancements and digitalization in the manufacturing of paracetamol, increasing research and development ( R&D) in the healthcare industry, and rising emerging economies with an increasing geriatric massive population will open new possibilities for the LASIK surgery market. Additionally, rising ophthalmic device costs and the risk connected with eye surgeries are among the primary factors that would obstruct market expansion and pose a further hurdle to the expansion of the LASIK surgery market over the projection period.
The global LASIK Surgery Market segments:
1) By Technology: Wavefront-Guided LASIK, Wavefront-Optimized LASIK, Topography Assisted LASIK, All Laser.
2) By End-users: Hospitals, Eye Clinics, Ambulatory Surgical Centers.
Due to the sheer rising number of refractive errors, growing government initiatives, rising eye care spending, increasing preference for minimally invasive surgical procedures, and growing amount of eye care facilities that would provide personalized LASIK surgeries in this region, Asia-Pacific continues to dominate the LASIK surgery market. In 2014, North America retained a sizable market share. Because of the benefits associated with individualized LASIK surgery, also including fewer side effects and a faster process length, customized LASIK surgery is gaining popularity in North America. In 2015, Europe was also one of the most important regional markets. Some major drivers include growing demands for personalized LASIK surgery and large investments in R&D projects.
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Some of the major players working in lasik surgerymarket, which include Nidek, Inc. (U.S.), Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.), Novartis AG (Alcon Laboratories, Inc.) (Switzerland), Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Surgical, Inc.) (Canada), Carl Zeiss, Inc. (Germany) and Lasersight Technologies, Inc. (U.S) to name a few.
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