LASIK Eye Surgery Market Research Report- Forecast till 2027

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

ID: MRFR/MED/1242-HCR | August 2022 | Region: Global | 85 Pages         

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 Porterโ€™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 CEOโ€™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



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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

LASIK Eye Surgery Market

Global LASIK Eye Surgery Market is expected to grow at a CAGR of 10.2% during the forecast period 2022-2030

Segmentation

By Type Wavefront Optimized Wavefront Guided Topography Guided All Laser
By Vision Error Myopia Hyperopia Astigmatism
By End Users Hospitals Eye Care Clinic Lasik Centers

Key Players

  • 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)

Drivers

  • Government support and research and development
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LASIK Eye Surgery Market Overview


According to the latest research report, the LASIK eye surgery market is predicted to grow at a CAGR of 6.5% during the forecast period 2017 – 2022. LASIK (laser-assisted in situ keratomileuses) is a type of corrective eye surgery used to cure hypermetropia, myopia, and astigmatism. LASIK surgery is gaining popularity for treating eye issues since it offers a permanent alternative to wearing eyeglasses or lenses for the rest of one's life. It is a form of refractive surgery in which the curvature of the eye’s corneal surface is reshaped or adjusted to correct vision.


The LASIK eye surgery market is continuously expanding. The most popular kind of refractive surgery to address vision problems such as myopia, hyperopia, and astigmatism is laser-assisted in situ keratomileuses (LASIK). The frequency of visual problems is rising at an alarming rate all across the world. According to a World Health Organization (WHO) report published in 2015, approximately 285 million people worldwide have vision impairment, and the report indicates 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 elements that impact eyesight include intense near work, changes in environmental conditions, and, especially currently, most of us live a lifestyle in which we focus more on studying and spend less time outside. It has been noted that by doing so, we run the chance of developing a visual impairment. Furthermore, government assistance and research and development are fueling the market's expansion. Furthermore, the high rate of treatment may stifle market expansion throughout the projection period.


This report contains all the information on the LASIK eye surgery market and the market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the LASIK eye surgery industry analysis and forecast for 2022 is also included in the report.

Covid 19 Analysis


As COVID-19 spreads globally, the disease is becoming a source of worry within the healthcare sector, particularly the ophthalmology community. According to the National Eye Institute, the most prevalent form of visual issue affects more than 150 million Americans. According to NVISION Eye Centers, around 9.5 million Americans had received the operation as of June 2018.


On March 18, 2020, the Centers for Medicare and Medicaid Services (CMS) issued instructions directing healthcare providers to postpone adult elective surgeries and procedures, including ophthalmic treatments, until further notice. The move is intended to safeguard patients and employees against coronavirus infection while preserving the supply of ventilators and personal protective equipment such as masks and gowns.


Market Dynamic



  •         Drivers


The rising number of people suffering from these, the ophthalmic disorders, as well as care expenditure, rising demand for minimally invasive surgical procedures, rising number of eye care centers that provide personalized LASIK technology, increasing awareness about efficacy and safety, technological advancements, and rising government support, are all contributing to the LASIK Eye surgery industry growth.



  •         Opportunities


Furthermore, in the forecasted period of 2021-2028, rising technological advancements and modernization in the production of paracetamol, rising research and development activities in the healthcare sector, and rising emerging markets with an increasing geriatric population base will create new opportunities for the LASIK Eye surgery device market.



  •         Restraints


The rising cost of ophthalmic devices, as well as the danger connected with eye procedures, is among the primary factors that would hinder market expansion and would provide a significant barrier to the expansion of the LASIK Eye surgery market over the forecast period. The procedure's cost may be too expensive for certain people, which are projected to limit LASIK eye surgery Industry growth throughout the projection period. Dry eyes, glare, halos, and double vision, under correction faculties, Regression, and vision loss or alterations are projected to limit the worldwide LASIK  eye surgery market's growth.



  •         Challenges


The biggest challenges for the worldwide laser eye surgery market are changes in environmental conditions, particularly since most of us now have a lifestyle in which we spend more time studying and less time outside. It has been noted that by doing so, we run the chance of developing a visual impairment.


Cumulative Growth Analysis


According to a World Health Organization (WHO) report, epidemiological studies suggest that myopia affects 1.89 billion individuals globally, and if current prevalence rates do not improve, forecasts suggest that it will impact 2.56 billion people by 2020. This aspect is driving the expansion of the myopia category, which is expected to rise at a significant CAGR throughout the forecast period. 


Value Chain Analysis


According to the reports, the LASIK eye surgery industry is segmented based on types, vision error, end-users, and regions. It is divided into four types based on the type: wavefront optimised, wavefront-guided, topography guided, and all laser. The Wavefront Optimized sector, among these, is expected to increase at a significant CAGR during the projected period. The broad use of the sector in numerous end-uses can be attributable to the predicted expansion.


It is divided into myopia, hyperopia, astigmatism, and other vision errors based on the visual defect. Myopia is further subdivided into simple, induced or acquired, pseudomyopia, nocturnal, degenerative, and other types. Physiologic hyperopia, pathologic hyperopia, and other types of hyperopia are all sub-categories of hyperopia. Myopic astigmatism, hyperopic astigmatism, mixed astigmatism, and others are all types of astigmatism. It is divided into hospitals, eye care clinics, eye surgery LASIK facilities, and other categories based on the end user. During the projection period, the eye care clinic segment is expected to grow at a rapid pace. The anticipated rise can be attributable to the fact that dedicated eye clinics are establishing in a large number of nations.


Figure: LASIK Eye Surgery Market, by vision error Share, 2016 (%) Global LASIK eye surgery Market


Sources: Annual reports, Press release, White paper, Company presentation


Segmentation Overview


The LASIK eye surgery market is segmented on the basis of the types, vision error, end-users, and regions. The LASIK eye surgery industry is expected to witness decent growth during the forecast period.



  •       By Application


Based on the application, the LASIK eye surgery market is segmented into wavefront optimised, wavefront-guided, topography guided, and all laser.



  •         By end-users


Based on the propulsion types, the LASIK eye surgery market is segmented into hospitals, eye care clinics, LASIK facilities, and other.


Regional Analysis


According to the latest report, the LASIK eye surgery market is segmented into America, Europe, Asia pacific, and the Middle East & Africa. Because of well-developed technology, an expanding population affected by visual problems, high healthcare expenditures, and increased government backing for research and development, the Americas lead the worldwide LASIK Eye Surgery industry. Additionally, rising R&D efforts and the concentration of big enterprises in this area have fueled market expansion. The major competitors in this market are concentrating their efforts on capturing a large part of the growing markets such as India and China. Due to government support for research and development and the availability of money for research, Europe ranks second in the worldwide LASIK Eye Surgery industry. Over the foreseeable term, this is projected to continue to drive the European market. Countries such as Germany and France, for example, are expanding their healthcare investments.


Due to quickly improving healthcare technologies, a large patient population, and high healthcare spending, Asia Pacific is the fastest expanding LASIK Eye Surgery market. Furthermore, the rising demand for novel treatment approaches in nations such as India and China is expected to emerge as the world's fastest expanding market. On the other hand, due to inadequate knowledge of illnesses and insufficient access to treatment, the Middle East and Africa have the smallest portion of the worldwide LASIK eye surgery market.


Competitive landscape


Product launches, mergers and acquisitions, and contracts and partnerships are among the techniques used by the market's leading companies. These techniques would result in the delivery of effective and high-performance items, as well as the support of LASIK eye surgery market laws and improved customer pleasure.


Major Key Players



  •         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)


Report Overview


The following report comprises of –



  •         Market overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6.5% (2017-2022)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Vision Error and End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   joint ventures, strategic alliances, mergers and acquisitions, new product developments
  Key Market Drivers   Government support and research and development


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Frequently Asked Questions (FAQ) :

The outlook of the LASIK eye surgery market looks very promising.

LASIK Eye Surgery market is projected to expand at 6.5% CAGR during the forecast period (2017-2022).

Rising prevalence of myopia, hyperopia astigmatism, and several other vision problems and increased uptake of LASIK surgery to rectify all sorts of vision problems are the major tailwinds pushing the growth of the LASIK eye surgery market.

North America holds the largest share in the LASIK eye surgery market, followed by Europe and the Asia Pacific, respectively.

AMO Manufacturing USA LLC, Nidek, Inc., Abbott Inc., Alcon Laboratories, Inc., Carl Zeiss, Inc., Lasersight Technologies. Inc., and Bausch & Lomb Surgical, Inc., are some of the major players operating in the LASIK eye surgery market.