Home / Medical Devices / Personalized LASIK Surgery Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

Personalized LASIK Surgery Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

Market Overview:

The worldwide personalized LASIK surgery market volume was evaluated at 1426 million US dollars during year 2014. Rising popularity of curative eye operation is predicted to assist the growth of the global personalized LASIK surgery market. Launching of technically modernized equipments, growing amount of eye care centers offering modified LASIK surgeries and growing consciousness related to efficiency and security are few of the aspects predicted to stimulate the growth of the market during the estimated period.

Refractive impairments like astigmatism, myopia, presbyopia and hyperopia can result in impediment of day today activities and enhance the requirement for wearing glasses. It is reported by American Academy of Ophthalmology that about 34% of people in USA wear glasses owing to disorders of eye. It is predicted that about 24% of the people all across the globe choose laser eyesight curative operations as a lifelong substitute for the use of lens and glasses.

Growth of technically modernized equipments displaying high speed, user friendliness and sensitivity has added to the growth and expansion of the global personalized LASIK surgery market. Further growing demand for minimal invasive operations due to relative advantages like less loss of blood and short hospitals stays are predicted to improve the rate of acceptance of tailored LASIK surgeries.

Many firms and government institutes are also offering help to patients with ophthalmological & eye vision problems. This factor is predicted to stimulate the demand and growth of the worldwide personalized LASIK surgery market.

Personalized LASIK Surgery Market By Type:

The global personalized LASIK surgery market by types includes topography guided LASIK surgeries, wave front guided LASIK surgeries and wave front optimized LASIK surgeries.

The wave front based surgeries also includes the measurement of cornea of the patients based upon how the beam passes through the eyes and falls upon the eye retina. The laser therapies used in these surgical methods are totally modified as per the eye anatomy of the patients.

The wave front guided LASIK surgical operations section contributed biggest share to the total share of the global personalized LASIK surgery market during year 2014. It contributed about 38% of the total share of the global market during this year.

In case of topography dependent surgical methods measurement of surface of the eye is taken based on the eye anatomy of the patients.

Topography guided LASIK surgeries section is predicted to experience heavy growth and expansion during the estimated period. Painless methods combined with momentum, regulatory authorization of main equipments and low side effects are few of the aspects adding to the growth and expansion of this section during the forecasted period.

Personalized LASIK Surgery Market By Region:

The worldwide personalized LASIK surgery market by region is divided into four geographical regions, namely, subcontinent of North America, Continent of Europe, Asia Pacific zone and region of the rest of the world.

The subcontinent of North America led the global personalized LASIK surgery market during year 2014. It produced the revenue of about more than 626 million US dollars during that year. Presence of main industry players in the subcontinent, growing levels of consciousness among the people of the sub continent, improved healthcare services & facilities, enhanced healthcare activists and established healthcare infrastructure in the subcontinent were some of the factors that had contributed to the growth and expansion of the personalized LASIK surgery market in subcontinent of North America during the year.

Further, LASIK surgeries were approved by US Federal (FDA) in 1999 in USA. NALESE (North American Lasik and Eye Surgery Centre) is involved in offering & using modern technologies in LASIK surgeries and supporting vision care activities. All these factors have also played a significant role in enhancing the demand and growth of the personalized LASIK surgery market in the subcontinent of North America.

Countries like India and China contributed a major portion of the total market share of the personalized LASIK surgery market of Asia Pacific zone. Increase in levels of awareness among the people, growing financial stability and market participants targeting niche & specific markets related to eye vision correction are some of the factors predicted to fuel the demand and growth of the personalized LASIK surgery market in APAC zone.

Competitive Landscape:

Key market players involved in the business of personalized LASIK surgeries and included in the global personalized LASIK surgery market report are as follows:

  • Abbott Medical Optics
  • Carl Zeiss Incorporation
  • Nidek Incorporation
  • Alcon Laboratories Incorporation
  • Bausch & Lomb

The key players in the global personalized LASIK surgery market are executing business strategies like mergers & acquisitions, partnerships, joint ventures, associations, collaborations and strategic alliances in order to increase their market share, gain competitive advantage over business rivals, establish market position, increase market penetration, elevate profit margins and expand their business all across the globe.

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