LASIK Eye Surgery Market Research Report- Global Forecast till 2022
ID: MRFR/HC/1242-HCRR | April, 2018 | Region: Global | 85 pages | Half-Cooked Research Reports
LASIK Eye Surgery 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 2022
Market Scenario
Globally the market for LASIK eye surgery is increasing rapidly. Laser-Assisted In Situ Keratomileusis (LASIK) is the most common type of refractive surgery to treat vision problem such as myopia, hyperopia, and astigmatism. The occurrence of vision problem around the globe are increasing rapidly at an alarming rate. According to a report published by the World Health Organization (WHO), in 2015, around 285 million people in the world have vision impairment and report indicate that myopia affects 1.89 billion people worldwide, and, if the prevalence of occurring myopia does not change, it will affect 2.56 billion people by 2020. The factors that affect the vision are intensive near work, changes in environmental factors especially nowadays most of us have lifestyle where we do focus more into study and spent less time outdoors. It is observed that by doing so we run the risk of suffering from vision problem.
Moreover, companies are investing more in research and development for introducing better treatment for vision problem. For instance, in 2015, Alcon Laboratories Inc. launched next generation hydrogen peroxide lens care solution, AOSEPT PLUS with HydraGlyde Solution (CLEAR CARE PLUS in North America). Additionally in 2016, Alcon Laboratories Inc. introduced The NGENUITY 3D Visualization System to aid in retinal surgery visualization. Also, company investing more into mergers and acquisition for entering the new market, for instance, in 2016, Johnson & Johnson acquired Abbott’s vision care business unit (AMO).
Moreover, government support and research and development are adding fuel to the growth of the market. Furthermore, high rate of treatment may hinder the growth of market during forecast period.
The global LASIK Eye Surgerys market is expected to grow at a CAGR of 6.5% during the forecast period 2017-2022.
Intended Audience
- LASIK surgery equipment manufacturers & Suppliers
- LASIK post-operative products manufacturers & Suppliers
- Contract Research Organizations (CROs)
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Academic Institutes and Universities
Figure: Global LASIK Eye Surgery Market, by vision error Share, 2016 (%)
Sources: Annual reports, Press release, White paper, Company presentation
Segmentations
The global LASIK Eye Surgery market is segmented on the basis of types, vision error and end user.
On the basis of the type, it is segmented into the wavefront optimized, wavefront-guided, topography guided, all laser.
On the basis of the vision error, it is segmented into myopia, hyperopia, astigmatism, and others. Furthermore, myopia is sub-segmented as simple, induced or acquired, pseudomyopia, nocturnal, degenerative, and others. Hyperopia is also sub-segmented into physiologic hyperopia, pathologic hyperopia, and others. Astigmatism is sub-segmented into myopic astigmatism, hyperopic astigmatism, mixed astigmatism, and others.
On the basis of the end user, it is segmented into hospitals, eye care clinic, LASIK centers, and others.
Regional Analysis
The Americas dominate the global LASIK Eye Surgery market owing to well-developed technology, increasing population affected with vision problem, high healthcare spending, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies in this region have fuelled the growth of the market. Major players in this market have their focus to capture a huge share of the emerging markets such as India and China.
Europe holds the second position in the global LASIK Eye Surgery market owing to the government support for research & development and availability of funds for research. This is expected to continuously drive the European market over the forecasted period. For instance, countries like Germany and France are increasing their investments in the healthcare domain.
Asia Pacific is the fastest growing LASIK Eye Surgery market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and China is likely to emerge as the fastest growing market across the globe.
On the other hand, in the Middle East and Africa, hold the least share of global market owing to limited ignorance of diseases, and poor access to treatment.
Key Players
Some of key the players in the market are Abbott Inc. (U.S.), Alcon Laboratories Inc. (U.S.), AMO Manufacturing USA, LLC (U.S.), Bausch & Lomb Incorporated (U.S.), Carl Zeiss, Inc. (Germany), LaserSight Technologies, Inc (U.S.), Nidek Inc. (Japan)
Research Methodology
Sources: Annual reports, Press release, White paper, and Company presentation
Table of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. 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
6. Global LASIK Eye Surgery Market, by Type
6.1 Introduction
6.2 Wavefront Optimized
6.2.1 Market Estimates & Forecast, 2017-2023
6.3 Wavefront-Guided
6.3.1 Market Estimates & Forecast, 2017-2023
6.4 Topography Guided
6.4.1 Market Estimates & Forecast, 2017-2023
6.5 All Laser
6.5.1 Market Estimates & Forecast, 2017-2023
7. Global LASIK Eye Surgery Market, by Vision Error
7.1 Introduction
7.2 Myopia
7.2.1 Market Estimates & Forecast, 2017-2023
7.3 Hyperopia
7.3.1 Market Estimates & Forecast, 2017-2023
7.4 Astigmatism
7.4.1 Market Estimates & Forecast, 2017-2023
7.5 Others
7.5.1 Market Estimates & Forecast, 2017-2023
8. Global LASIK Eye Surgery Market, by End User
8.1 Introduction
8.2 Hospital
8.2.1 Market Estimates & Forecast, 2017-2023
8.3 Eye Care Clinic
8.3.1 Market Estimates & Forecast, 2017-2023
8.4 LASIK Centers
8.4.1 Market Estimates & Forecast, 2017-2023
8.5 Others
8.5.1 Market Estimates & Forecast, 2017-2023
9. 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, 2017-2023
Table 2 Global LASIK Eye Surgery Market Estimates and Forecast, 2017-2023, (USD Million)
Table 3 Global LASIK Eye Surgery Market by Region, 2017-2023, (USD Million)
Table 4 Global LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 5 Global LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 6 Global LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 7 North America LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 8 North America LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 9 North America LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 10 US LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 11 US LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 12 US LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 13 Canada LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 14 Canada LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 15 Canada LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 16 South America LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 17 South America LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 18 South America LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 19 Europe LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 20 Europe LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 21 Europe LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 22 Western Europe LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 23 Western Europe LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 24 Western Europe LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 25 Eastern Europe LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 26 Eastern Europe LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 27 Eastern Europe LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 28 Asia Pacific LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 29 Asia Pacific LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 30 Asia Pacific LASIK Eye Surgery Market by End Users, 2017-2023, (USD Million)
Table 31 Middle East & Africa LASIK Eye Surgery Market by Type, 2017-2023, (USD Million)
Table 32 Middle East & Africa LASIK Eye Surgery Market by Vision Error, 2017-2023, (USD Million)
Table 33 Middle East & Africa LASIK Eye Surgery Market by End Users, 2017-2023, (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 2016
Figure 5 Global LASIK Eye Surgery Market Share, by Vision Error 2016
Figure 6 Global LASIK Eye Surgery Market Share, by End Users, 2016
Figure 7 Global LASIK Eye Surgery Market Share, by Region, 2016
Figure 8 America LASIK Eye Surgery Market Share, by Country, 2016
Figure 9 Europe LASIK Eye Surgery Market Share, by Country, 2016
Figure 10 Asia Pacific LASIK Eye Surgery Market Share, by Country, 2016
Figure 11 Middle East & Africa LASIK Eye Surgery Market Share, by Country, 2016
Figure 12 Global LASIK Eye Surgery Market: Company Share Analysis, 2016 (%)
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
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