Globally the market for LASIK eye surgery is increasing rapidly. LASIK is the most frequently performed eye surgery. This highly effective outpatient procedure is often referred to as refractive surgery or laser vision correction. LASIK is used to correct the vision problems such as myopia, hyperopia and astigmatism. These are very common types of vision problems and millions of people are affected from these. 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.
As the LASIK offers the chance to get rid of spectacles and contact lenses for life, many people opt to go under the laser and get their eye sight rectified, enlightens us, the team Research Analyst while commenting upon this deep diving Market study report presented through more than 100 market data tables and figures spread over 85 pages.
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Market Segmentation
LASIK Eye Surgery industry has been considered for types, vision error and end user.
The different types of LASIK eye surgeries are topography guided, wavefront-guided, wavefront optimized, all laser and more.
Depending on vision error, the key segments are astigmatism, hyperopia, myopia, and others. Types of myopia are degenerative, induced or acquired, simple, nocturnal, pseudomyopia, and others. Hyperopia types are pathologic hyperopia, physiologic hyperopia, and others. Furthermore, astigmatism types are mixed astigmatism, hyperopic astigmatism, myopic astigmatism, and others.
The top end users are LASIK centers, eye care clinic, hospitals, and others.
Market Drivers and Restraints
The rise in demand for Laser-Assisted In Situ Keratomileusis (LASIK) surgeries to treat myopia, astigmatism, and hyperopia among other visual impairments due to their high precision is expected to prompt the market expansion. People are inclined towards improving their aesthetic appeal and often want to eliminate the uses of specks. The increasing popularity of corrective eye surgery owing to technologically advanced instruments can add to the market expansion that can favor the LASIK eye surgeries market in the review period. Other causes, such as, availability of expertise and the presence of an affordable healthcare setup are expected to prompt the market rise in the years to come. The availability of personalized solutions can benefit the market in the approaching years.
Moreover, financial support from governments across the world for effective research and development to improve the product line is likely to fuel the LASIK eye surgery market in the approaching years. The increasing price for treatment can hinder the market expansion. However, the accuracy of LASIK surgery and their growing success rate are forces that are likely to counter the market rise.
Global LASIK Eye Surgery Market – Regional Analysis
Globally North America is the largest market for LASIK eye surgery. Europe is the second-largest market. Furthermore Asia pacific market is expected to be the fastest growing market for LASIK eye surgery.
North America dominates the Global Market for Lasik Surgery holding the largest market share anticipated to even grow further by the end of forecast period.
Globally, Asia-Pacific has emerged as the fastest growing region and expected to grow at a significant rate of CAGR during the forecast period.
Market Key Players
LaserSight Technologies, Inc (U.S.), Abbott Inc. (U.S.), Nidek Inc. (Japan), Alcon Laboratories Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), AMO Manufacturing USA, LLC (U.S.), and Carl Zeiss, Inc. (Germany) are some top-notch companies that are operating in the worldwide LASIK Eye Surgery market.
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