Lasik Eye Surgery Devices Market (By Product: Excimer Laser, Femtosecond Laser; By Vision Error: Myopia, Hyperopia, Astigmatism; By End-use: Lasik Eye Centers, Hospitals, Ambulatory Surgical Centers, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Lasik Eye Surgery Devices Market is anticipated to grow at a CAGR of 4.4% during the forecast period 2019 to 2026, expected to reach over US$ 2,161.8 Mn by 2026.

Lasik eye surgery is also referred to as laser eye surgery or laser vision correction it’s a type of refractive surgery for the vision errors including myopia (nearsightedness), hyperopia (farsightedness), and astigmatism. LASIK stands for Laser-Assisted In Situ Keratomileusis, it’s a procedure that permanently changes the shape of the cornea with the help of a laser beam. The types of surgery held for vision correction include wavefront-optimized, wavefront-guided, and topography-guided. Additionally, the devices which help in the successful completion of these surgeries are termed as Lasik eye surgery devices. Dr. Stephen Brint and Dr. Stephen Slade from the US have performed first Lasik surgery in 1991 with an excimer laser particularly to correct vision problems, which was later promoted the industry growth.

Market Dynamics

The technological advancements in the healthcare sector of developed countries across the globe are primarily supporting market growth. The increasing number of people suffering from ophthalmic disorders due to unhealthy eating habits and changing lifestyles is propelling the market value. The increasing demand for minimally invasive surgical procedures across the globe coupled with the rising investment in the eye care sector by major players is bolstering the market value. The advantages associated with the minimally invasive surgical procedure such as minimum blood loss, less discomfort, smaller incision length, and shorter hospitalization stays are accelerating the market demand. Moreover, high accuracy associated with the femtosecond laser as compared to the excimer laser will likely provide opportunities over the forecast timeframe from 2019 to 2026.

On the other hand, the high cost of ophthalmic devices and the risk associated with eye surgeries are projected to hamper the market value. In addition, many cases associated with the bad vision and suicide after the Lasik eye surgery is further expected to exhibit negative impact on the market over the estimated period.

The market research study on “Lasik Eye Surgery Devices Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global lasik eye surgery devices market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global lasik eye surgery devices market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global lasik eye surgery devices market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The lasik eye surgery devices market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, North America accounted for the major share in lasik eye surgery devices market

North America dominated the global Lasik eye surgery devices market in 2018 due to the availability of advanced healthcare infrastructure, highest healthcare spending, and growing awareness. For instance, eye specialists in Delaware, one of the states from the United States have introduced and started doing advance LASIK surgeries from Nov. 13. The procedure takes minutes to correct the patient's vision. Moreover, Asia Pacific is expected to be the fastest-growing market during the estimated period owing to increasing awareness and favorable government initiatives for the development of healthcare infrastructure. The large patient population and increasing discretionary income are further accelerating the market value.

The players profiled in the report include Alcon, BAUSCH + LOMB, Carl Zeiss, Johnson & Johnson, Lasersight Technologies, NIDEK, SCHWIND eye-tech-solutions, TECHNOLAS Perfect Vision, and Ziemer Ophthalmic Systems. The major manufacturers are involved in mergers and acquisitions to expand market share. The major players are also investing in R&D activities for the development of new minimally invasive technologies to meet customer demand.

Market Segmentation

Market By Product

• Excimer Laser
• Femtosecond Laser

Market By Vision Error

• Myopia
• Hyperopia
• Astigmatism

Market By End-use

• Lasik Eye Centers
• Hospitals
• Ambulatory Surgical Centers
• Others

Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa