LASIK Eye Surgery Market is predicted to reach USD 4.08 Billion at a CAGR of 5.60% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global LASIK Eye Surgery Market” that contains information from 2018 to 2032. The LASIK Eye Surgery market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global LASIK Eye Surgery market— 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).
LASIK Eye Surgery Market Highlights
The global LASIK Eye Surgery market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 4.08 Billion by 2032.
The LASIK eye surgery market represents the industry involved in providing laser-assisted in situ keratomileusis (LASIK) procedures for vision correction. It encompasses ophthalmic clinics, surgeons, and manufacturers of LASIK equipment and technologies, addressing the demand for a safe and effective surgical solution to correct refractive errors such as nearsightedness, farsightedness, and astigmatism.
Segment Analysis
The global LASIK Eye Surgery market has been segmented based on Application and End-User.
On the basis of Application, the market is segmented into wavefront optimized, wavefront-guided, topography-guided, and laser. In 2022, Wavefront optimised held a 46% market share (USD 1.2 billion), dominating the industry. Advancements in visual perception, higher-order aberrations, and predictability may be responsible for this market expansion.
Based on End User, the global LASIK Eye Surgery market has been segmented into hospitals, eye care clinics, and lasik facilities. The category of LASIK facilities had the biggest revenue in 2022, at almost 44% (USD 1.1 billion). The expansion of LASIK facilities across the globe has aided in the expansion of this industry. An increase in the number of people with eye problems and a rise in the demand for minimally invasive procedures are two factors propelling the growth of this market category.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of: LASIK Eye Surgery Market Research Report
Regional Analysis
The global LASIK Eye Surgery market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe LASIK Eye Surgery market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The LASIK Eye Surgery market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World LASIK Eye Surgery market comprises of Middle East, Africa, and Latin America.
The North American LASIK Eye Surgery Market dominated this market in 2022. A growing number of people affected by vision impairments, increasing healthcare spending, and increased government backing for innovation and research. Additionally, the dominance of big businesses in this industry and greater R&D efforts will boost market expansion in this area.
Additionally, the second-largest market share for LASIK Eye Surgery is held by Europe. Government support for technical development and easy access to research money will accelerate market expansion. Furthermore, the UK market for LASIK eye surgery is anticipated to increase quickly in the European region during the anticipated timeframe, with the German market continuing to maintain the biggest market share
During the anticipated timeframe, the LASIK eye surgery market in Asia-Pacific is anticipated to expand at the fastest rate. This is a result of rapidly increasing medical technology, a sizable patient population, and high healthcare costs, all of which will accelerate market growth overall. Additionally, China's LASIK Eye Surgery market holds the largest market share, and the Asia-Pacific region's Indian market for LASIK Eye Surgery is anticipated to grow and increase gradually during the anticipated period.
Key Findings of the Study
- The global LASIK Eye Surgery market is expected to reach USD 4.08 Billion by 2032, at a CAGR of 5.60% during the forecast period.
- The North American LASIK Eye Surgery Market dominated this market in 2022. A growing number of people affected by vision impairments, increasing healthcare spending, and increased government backing for innovation and research.
- Based on Application, In 2022, Wavefront optimised held a 46% market share (USD 1.2 billion), dominating the industry.
- 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).
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Companies Covered | 15 |
Pages | 85 |
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