Market Research Future (MRFR) evaluated the global LASIK eye surgery market 2021 over the analysis period to 2022. According to the MRFR study, the global LASIK eye surgery market is expected to grow at a CAGR of 6.5% over the evaluation period (from 2017 to 2022). will. . By 2022, the global LASIK eye surgery market is expected to generate high revenue.
Market Drivers and Constraints
Increasing demand for laser-assisted in situ keratomileusis (LASIK) surgeries to treat myopia, astigmatism and hyperopia and other visual impairments due to their high precision is expected to drive the market expansion. People tend to improve their aesthetics and often want to eliminate the use of stains. Rising popularity of corrective eye surgery due to technologically advanced instruments can contribute to the market expansion which may favor LASIK eye surgery market during the period. Other causes such as the availability of expertise and the presence of an affordable healthcare system are expected to drive the market rise in the coming years. The availability of personalized solutions can benefit the market in the years to come.
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In addition, the financial support from governments around the world for effective research and development to improve the product line is expected to boost the LASIK eye surgery market in the years to come. The rising price of treatment may hamper the market expansion. However, the accuracy of LASIK surgery and its growing success rate are forces that are likely to counteract the market surge.
Global LASIK Eye Surgery market segmental study is based on end users, types, and vision defects.
The type-based segments of the LASIK eye surgery market are wavefront-guided, wavefront-optimized, topography-guided, and all lasers.
The vision defect-based segments of the LASIK eye surgery market include astigmatism, myopia and hyperopia, among others. The myopia segment examined nocturnal, simple, induced or acquired, degenerative, and pseudomyopia, among others. The hyperopia segment is subdivided into physiological hyperopia and pathological hyperopia, among others. The Astigmatism segment examines mixed astigmatism, myopic astigmatism, hyperopia and astigmatism, among others.
The end-user-based segments of LASIK Eye Surgery Market include LASIK Centers, Hospitals, and Eye Clinics.
In North America, the LASIK eye surgery market is expected to grow at a high CAGR through 2022. The availability of well-developed technology and its early adoption by multiple healthcare institutions can support the market rise in the near future. The presence of a large pool of visually impaired patients in the region and the need to expand administrative facilities for visually impaired people can contribute to the market expansion. Rising healthcare spending and growing government support for R&D to fund R&D activities are other reasons expected to drive the growth of the market.
In Europe, the LASIK eye surgery market is expected to generate reasonable revenue due to government support for research and development of innovations. The availability of a robust R&D base in the region is expected to impact the European LASIK eye surgery market in the near future. Germany and France are identified as top investments in the region’s healthcare sector, which are expected to generate long-term benefits for the market.
In Asia Pacific, the LASIK eye surgery market is considered to be a fast growing market. The rapid development in healthcare technology and the increase in healthcare spending as the patient population increases may favor the APAC market in the near future. The increasing demand for the latest and efficient treatment methods in countries such as; China and India are expected to achieve decent revenues by 2022.
In the Middle East and Africa region, the LASIK eye surgery market is likely to expand at a moderate growth rate due to the limited knowledge of diseases and lack of expertise in treatment management may favor the market growth in the coming years. However, investments by some top-tier companies in the region to improve healthcare infrastructure are expected to benefit the market in the years to come.
Market Key Players
LaserSight Technologies, Inc (USA), Abbott Inc. (USA), Nidek Inc. (Japan), Alcon Laboratories Inc. (USA), Bausch & Lomb Incorporated (USA), AMO Manufacturing USA, LLC (USA) and Carl Zeiss, Inc. (Germany) are some top-notch companies operating in the global LASIK eye surgery market.
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