Global Personalized LASIK Surgery Market is projected to grow at a CAGR of 9.3% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Personalized LASIK Surgery Market by Surgery Type (Wavefront Optimized LASIK, Wavefront Guided LASIK, Topography Guided LASIK), Indication (Presbyopia, Hyperopia, Myopia, Astigmatism), End-User (Ambulatory Surgical Centers, Hospitals & Clinics, Others), Regions, and Global Forecast 2020-2027.
The global personalized LASIK surgery market is expected to grow from USD 2.39 billion in 2019 to USD 4.87 billion by 2027, at a CAGR of 9.3% during the forecast period 2020-2027. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2020-2027. This growth is due to factors like improving economic conditions, increasing awareness levels, and development of medical technology. On the other hand, the North America region accounted for the major market share of 47.8% in the year 2019 and is anticipated to grow throughout the projected period. The large share of this segment is attributed to key factors such as the presence of developed healthcare infrastructure, rising awareness levels, and the existence of key market players in the region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global personalized LASIK surgery market are Abbott Laboratories, Johnson & Johnson, Carl Zeiss Inc., Lasersight Technologies, Inc., Abbot Medical Optics, Nidek Co. Ltd., Bausch + Lomb, Ziemer Group AG., and Alcon Laboratories, among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global personalized LASIK surgery market.
The surgery type segment includes wavefront optimized LASIK, wavefront guided LASIK, and topography guided LASIK. The topography guided LASIK system is expected to witness significant growth over the forecast period due to factors like fewer associated side effects, painless procedure, high speed and regulatory approvals. The indication type segment includes presbyopia, hyperopia, myopia, and astigmatism. Presbyopia is expected to lead the market during the forecast period with a CAGR of 10.6%. Presbyopia is the irreversible & gradual loss of the eyes’ ability to focus on objects. It happens naturally due to aging. Presbyopia has a higher prevalence in societies where greater proportions of the population survive up to old age. With the aging of the U.S. population, in the coming years, increasing numbers of patients with presbyopia could be required to report to the offices of optometrists. The highest cases of presbyopia are observed in people of ages 40 and above. The end-user segment includes ambulatory surgical centers, hospitals & clinics, and others. The hospital segment held the largest market share in 2019 and is expected to continue this trend.
About the report:
The global Personalized LASIK Surgery market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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