Global Personalized LASIK Surgery Market: Overview
The report on the personalized LASIK surgery market analyzes the current and future scenario of the global market. Increase in prevalence of vision related disorder such as myopia, astigmatism and hyperopia, advent of new technology for LASIK treatment, increase in preference for minimally invasive treatment by patients and eye surgeons, and high incidence of age related presbyopia, are the major drivers of the global personalized LASIK surgery market.
The personalized LASIK surgery market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on technology, disease indication, end users and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section.
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Global Personalized LASIK Surgery Market: Snapshot
With LASIK surgeries increasingly gaining a repute of being an advanced and highly effective treatment for vision related disorders, primarily myopia, hyperopia, astigmatism, and presbyopia, the global market for personalized LASIK surgery is demonstrating high growth in its size and valuation. In 2015, the market stood at US$1.6 bn in revenues. Increasing at a CAGR of 5.60% between 2016 and 2024, the market’s opportunity is anticipated to reach US$2.6 bn by the end of 2024. The rise in the prevalence of ocular disorders and diseases, increasing risk of infection caused by the continual usage of contact lens, and the emergence of novel ophthalmic technologies are likely to boost this market substantially over the forthcoming years.
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North America to Lead Global Personalized LASIK Surgery Market
On the geographical front, the worldwide market for personalized LASIK surgery has been segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In 2015, with a share of 45%, North America acquired the leading position in the global market. The persistent rise in the geriatric population, increasing cases of myopia, and the surging level of awareness among people about the treatment of myopia through laser technique have been driving the market for personalized LASIK surgery in North America since the last few years. Analysts project this regional market to retain its position in the near future, thanks to the advent of new technologies, rise in the prevalence of ocular disorders and diseases, and the augmenting usage of LASIK surgeries in the corrective treatments for vision by ophthalmologists in North America.
Europe is the second-most prominent market for personalized LASIK surgery across the world and is expected to continue like this over the next few years. The increasing prevalence of myopia and presbyopia in European citizens, growing demand for minimally invasive surgeries, and the availability of favorable reimbursement policies are anticipated to propel the Europe personalized LASIK surgery market in the years to come.
Among others, Asia Pacific is expected to exhibit a considerable rise in its market for personalized LASIK surgery in the near future. The growing base of the geriatric population, increasing incidence of myopia and presbyopia, and surging investments from market participants to set up a robust distribution channel can be attributed for this progress in the Asia Pacific market for personalized LASIK surgery. The upswing in the medical tourism and the availability of low cost treatment are also projected to stimulate the Asia Pacific market for LASIK surgery over the coming years.
Companies Mentioned in the Report
The report also profiles major players in the global personalized LASIK surgery market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Alcon Laboratories, Inc, Abbott Laboratories Inc., Bausch & Lomb Surgical, Inc., Carl Zeiss, Inc., Nidek Co. Ltd., Lasersight Technologies, Inc., SUPREME ILASIK COMPANY LIMITED., Ziemer Ophthalmic Systems AG (Ziemer Group Company) and others.
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