LASIK Eye Surgery Market Research Report- Global Forecast till 2027

LASIK Eye Surgery Market Information: By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser), By Vision Error (Myopia, Hyperopia, Astigmatism, Others), By End Users (Hospitals, Eye Care Clinic, LASIK Centers, Others) -Forecast till 2027

ID: MRFR/MED/1242-HCR | February 2021 | Region: Global | 85 pages

Impact of COVID- 19 on Lasik Eye Surgery Market


As COVID-19 continues to spread internationally, the disease increasingly is becoming a cause for concern throughout the healthcare field, including the ophthalmology community. According to the National Eye Institute, more than 150 million Americans have a refractive error, the most common type of vision problem. According to NVISION Eye Centers, as of June 2018, about 9.5 million Americans have undergone the surgery.


The Centers for Medicare and Medicaid Services (CMS) released guidance on March 18, 2020, asking healthcare providers to postpone adult elective surgeries and procedures, including ophthalmic procedures, until further notice. The move is an attempt to preserve the supply of ventilators and personal protective equipment such as masks and gowns while protecting patients and staff from exposure to the coronavirus.


CMS recommended that hospitals and healthcare providers consider the following factors when deciding whether elective surgery should proceed:



  • Current and projected COVID-19 cases in the facility and region

  • The supply of personal protective equipment to the facilities in a healthcare system

  • Staff availability

  • Bed availability, especially the intensive care unit (ICU) beds

  • Ventilator availability

  • Health and age of the patient, especially given the risks of concurrent COVID-19 infection during recovery

  • Urgency of the procedure


Following are the major changes following the COVID–19 outbreak:



  • The American Academy of Ophthalmology strongly recommends that all ophthalmologists provide only urgent or emergent care. This includes both office-based care and surgical care



  • Ophthalmologists should seriously consider both the intensity of clinic scheduling and the issue of elective surgeries, particularly in elderly patients and those with chronic medical conditions



  • The Centers for Disease Control and Prevention (CDC) has issued mitigation plans, including a recommendation for the cancellation or reduction of elective procedures in health care settings, for the following communities: Santa Clara, California; New Rochelle, New York; Florida; Massachusetts; and Seattle, Washington



  • Outpatient clinics:

    • Ophthalmology practices should reconfigure examination schedule templates to decompress their waiting areas and consider alternatives such as encouraging patients to wait in other locations (e.g., their cars or outdoor spaces).

    • Mobile phone calls or other approaches can be used by office staff to notify patients when they should return to the office.




Elective surgical procedures:


Recommendations from the American College of Surgeons regarding minimizing, postponing, or canceling elective surgeries are followed by ophthalmic hospitals. In addition, circumstances vary for hospitals, hospital-based outpatient surgery departments, freestanding ASCs, and office-based procedures. However, all ophthalmologists should be prepared to adjust their surgical volumes as local circumstances dictate. Even outpatient ASC-based procedures may expose other patients and health care workers to virus shed from asymptomatic patients. Elective surgical procedures also deplete scarce personal protective equipment, including but not limited to masks and face shields


Effect of COVID-19 related lockdown on ophthalmic practice and patient care in India:


The government of India ordered a nationwide lockdown for 21 days, limiting the movement of people as a preventive measure. A survey was designed and conducted during the lockdown period to assess its effect on ophthalmic practice and patient care in India wherein 1260 ophthalmologists responded to the survey.
survey


Source: Indian Journal of Ophthalmology, MRFR Analysis


5% of the respondents (913/1260) were not seeing any patients due to the lockdown
lockdown


Source: Indian Journal of Ophthalmology, MRFR Analysis


Of those who were still examining patients, 82.9% (287/347) were only seeing emergency cases, based on their clinical judgment.
judgment

Source: Indian Journal of Ophthalmology, MRFR Analysis



  • The proportion of ophthalmologists in ophthalmic institutes, government and municipal hospitals (49.8%) who were still seeing patients was significantly higher than those in private practice (22.4%)

  • Apart from emergencies such as trauma, retinal detachment, and endophthalmitis (81.8%), other surgeries that were still being performed included intravitreal injections (9.1%) and cataract surgeries (5.9%)


surgeries

Source: Indian Journal of Ophthalmology, MRFR Analysis



  • Approximately, 77.5% of the respondents had begun telephonic/e-mail/video consultations or consultations over social media applications since the lockdown began

  • In addition, 59.1% felt that ophthalmologists were potentially at a higher risk of contracting COVID-19 compared to other specialties while examining patients

  • When asked about the resumption of practice upon easing off of the restrictions, 57.8% of the respondents said they were unsure of when to resume elective surgeries

  • Furthermore, 62.8% were unsure about the preferred screening strategy or precautionary approach prior to resuming surgeries and were awaiting guidelines


Conclusion: The survey shows that majority of ophthalmologists in India were not seeing patients during the COVID-19 lockdown, with the near-total cessation of elective surgeries. Emergency services were still being attended to by 27.5% of ophthalmologists who responded. A large proportion of ophthalmologists had switched over to telephonic advice or other forms of telemedicine to assist patients.

Table of Content


Report Prologue

Market Introduction


2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations


Research Methodology


3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation


Market Dynamics


4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment


Market Factor Analysis


5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis


Global LASIK Eye Surgery Market, by Type


6.1 Introduction

6.2 Wavefront Optimized

6.2.1 Market Estimates & Forecast, 2020-2027

6.3 Wavefront-Guided

6.3.1 Market Estimates & Forecast, 2020-2027

6.4 Topography Guided

6.4.1 Market Estimates & Forecast, 2020-2027

6.5 All Laser

6.5.1 Market Estimates & Forecast, 2020-2027


Global LASIK Eye Surgery Market, by Vision Error


7.1 Introduction

7.2 Myopia

7.2.1 Market Estimates & Forecast, 2020-2027

7.3 Hyperopia

7.3.1 Market Estimates & Forecast, 2020-2027

7.4 Astigmatism

7.4.1 Market Estimates & Forecast, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027


Global LASIK Eye Surgery Market, by End User


8.1 Introduction

8.2 Hospital

8.2.1 Market Estimates & Forecast, 2020-2027

8.3 Eye Care Clinic

8.3.1 Market Estimates & Forecast, 2020-2027

8.4 LASIK Centers

8.4.1 Market Estimates & Forecast, 2020-2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020-2027


Global LASIK Eye Surgery Market, by Region


9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 U.S.

9.2.1.2 Canada

9.2.2 South America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 U.K

9.3.1.4 Italy

9.3.1.5 Spain

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 Republic of Korea

9.4.6 Rest of Asia Pacific

9.5 The Middle East & Africa

9.5.1 United Arab Emirates

9.5.2 Saudi Arabia

9.5.3 Oman

9.5.4 Kuwait

9.5.5 Qatar

9.5.6 Rest of the Middle East & Africa

10 Company Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Key Development & Strategies

10.3.1 Key Developments

11 Company Profiles

11.1 Abbott Inc.

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials

11.1.4 SWOT Analysis

11.2 Alcon Laboratories Inc.

11.2.1 Company Overview

11.2.2 Product Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 AMO Manufacturing USA, LLC

11.3.1 Company Overview

11.3.2 Product Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 Bausch & Lomb Incorporated

11.4.1 Company Overview

11.4.2 Product Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

11.5 Carl Zeiss, Inc.

11.5.1 Company Overview

11.5.2 Product Overview

11.5.3 Financial overview

11.5.4 Key Developments

11.6 LaserSight Technologies, Inc

11.6.1 Company Overview

11.6.2 Product Overview

11.6.3 Financial Overview

11.6.4 Key Developments

11.7 Nidek Inc.

11.7.1 Overview

11.7.2 Product Overview

11.7.3 Financials

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.8 Others

12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s View Point

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Prediction of Pharmaceutical Industry

13 Appendix




LIST OF TABLES

Table 1 LASIK Eye Surgery Industry Synopsis, 2020-2027

Table 2 Global LASIK Eye Surgery Market Estimates and Forecast, 2020-2027, (USD Million)

Table 3 Global LASIK Eye Surgery Market by Region, 2020-2027, (USD Million)

Table 4 Global LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 5 Global LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 6 Global LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 7 North America LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 8 North America LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 9 North America LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 10 US LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 11 US LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 12 US LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 13 Canada LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 14 Canada LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 15 Canada LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 16 South America LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 17 South America LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 18 South America LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 19 Europe LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 20 Europe LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 21 Europe LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 22 Western Europe LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 23 Western Europe LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 24 Western Europe LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 25 Eastern Europe LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 26 Eastern Europe LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 27 Eastern Europe LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 28 Asia Pacific LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 29 Asia Pacific LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 30 Asia Pacific LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)

Table 31 Middle East & Africa LASIK Eye Surgery Market by Type, 2020-2027, (USD Million)

Table 32 Middle East & Africa LASIK Eye Surgery Market by Vision Error, 2020-2027, (USD Million)

Table 33 Middle East & Africa LASIK Eye Surgery Market by End Users, 2020-2027, (USD Million)



LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global LASIK Eye Surgery Market

Figure 3 Segmentation Market Dynamics for LASIK Eye Surgery Market

Figure 4 Global LASIK Eye Surgery Market Share, by Type 2020

Figure 5 Global LASIK Eye Surgery Market Share, by Vision Error 2020

Figure 6 Global LASIK Eye Surgery Market Share, by End Users, 2020

Figure 7 Global LASIK Eye Surgery Market Share, by Region, 2020

Figure 8 America LASIK Eye Surgery Market Share, by Country, 2020

Figure 9 Europe LASIK Eye Surgery Market Share, by Country, 2020

Figure 10 Asia Pacific LASIK Eye Surgery Market Share, by Country, 2020

Figure 11 Middle East & Africa LASIK Eye Surgery Market Share, by Country, 2020

Figure 12 Global LASIK Eye Surgery Market: Company Share Analysis, 2020 (%)

Figure 13 Abbott Inc: Key Financials

Figure 14 Abbott Inc: Segmental Revenue

Figure 15 Abbott Inc: Geographical Revenue

Figure 16 Alcon Laboratories Inc.: Key Financials

Figure 17 Alcon Laboratories Inc.: Segmental Revenue

Figure 18 Alcon Laboratories Inc.: Geographical Revenue

Figure 19 AMO Manufacturing USA, LLC: Key Financials

Figure 20 AMO Manufacturing USA, LLC: Segmental Revenue

Figure 21 AMO Manufacturing USA, LLC: Geographical Revenue

Figure 22 Bausch & Lomb Incorporated: Key Financials

Figure 23 Bausch & Lomb Incorporated: Segmental Revenue

Figure 24 Bausch & Lomb Incorporated: Geographical Revenue

Figure 25 Carl Zeiss, Inc.: Key Financials

Figure 26 Carl Zeiss, Inc.: Segmental Revenue

Figure 27 Carl Zeiss, Inc.: Geographical Revenue

Figure 28 LaserSight Technologies, Inc: Key Financials

Figure 29 LaserSight Technologies, Inc: Segmental Revenue

Figure 30 LaserSight Technologies, Inc: Geographical Revenue

Figure 31 Nidek Inc: Key Financials

Figure 32 Nidek Inc: Segmental Revenue

Figure 33 Nidek Inc: Geographical Revenue