Market Overview:
The worldwide personalized LASIK surgery market volume was evaluated at 1426 million US dollars in 2014. The rising popularity of curative eye operations is predicted to assist the growth of the global personalized LASIK surgery market. In addition, the launching of technically modernized equipment, a growing number of eye care centers offering modified LASIK surgeries, and growing consciousness related to efficiency and security are some of the aspects predicted to stimulate the market growth during the estimated period.
Refractive impairments like astigmatism, myopia, presbyopia, and hyperopia can impede daily activities and enhance the requirement for wearing glasses. American Academy of Ophthalmology reports log that about 34% of people in the USA wear glasses due to eye disorders. Furthermore, it is predicted that about 24% of people all across the globe choose laser eyesight curative operations as a lifelong substitute for the use of lenses and glasses.
The growth of technically modernized equipment displaying high speed, user-friendliness, and sensitivity has added to the growth and expansion of the global personalized LASIK surgery market. In addition, further growing demand for minimally invasive operations due to relative advantages like less blood loss and short hospital stays are predicted to improve the acceptance rate of tailored LASIK surgeries.
Many firms and government institutes also offer help to patients with ophthalmological & eye vision problems. This factor is predicted to stimulate the demand and growth of the personalized LASIK surgery market worldwide.
Personalized LASIK Surgery Market By Type:
The global personalized LASIK surgery market includes topography-guided, wavefront-guided, and wavefront-optimized LASIK surgeries.The wavefront-based surgeries also include the measurement of the cornea of the patients based on how the beam passes through the eyes and falls upon the eye retina. The laser therapies used in these surgical methods are modified per the patients’ eye anatomy.
The wavefront-guided LASIK, surgical operations section contributed the biggest share to the total share of the global personalized LASIK surgery market during 2014. It contributed about 38% of the total share of the global market during this year. In the case of topography-dependent surgical methods, measurement of the eye’s surface 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 equipment, and low side effects are a 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: the subcontinent of North America, the continent of Europe, the Asia Pacific zone, and the rest of the world.
The subcontinent of North America led the global personalized LASIK surgery market in 2014. It produced more than 626 million US dollars during that year. The presence of main industry players in the subcontinent, growing levels of consciousness among the people of the subcontinent, improved healthcare services & facilities, enhanced healthcare activists, and established healthcare infrastructure in the subcontinent were some of the factors that contributed to the growth and expansion of the personalized LASIK surgery market in the subcontinent of North America during the year.
Further, LASIK surgeries were approved by US Federal (FDA) in 1999 in the USA. PLEASE (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 the Asia Pacific zone. An 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 the APAC zone.
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 to increase their market share, gain a competitive advantage over business rivals, establish market position, increase market penetration, elevate profit margins and expand their business all across the globe.
