Market overview:
The LASIK eye surgery market is anticipated to reach USD 3,400 Million by 2030 at 5.60% CAGR during the forecast period 2022-2030, based on the most recently published analysis. Myopia, astigmatism and hypermetropia are all corrected via corrective surgery known as LASIK (laser-assisted in situ keratomileuses). Since it provides a lifelong solution to having to wear spectacles or contact lenses for the rest of one’s life, LASIK surgery is becoming more and more fashionable for addressing eye problems. It is a form of refractive surgery where the corneal layer of the eye is altered or sculpted to correct eyesight.
The industry for LASIK eye treatment is always growing. Laser-assisted in situ keratomileusis is among the most common form of refractive surgery to treat sight troubles such as myopia, hyperopia, and astigmatism (LASIK). Throughout the globe, the prevalence of vision issues is rising at an alarming rate. Roughly 285 million people worldwide have visual impairments, and myopia impacts 1.89 billion individuals globally. If the prevalence of existing myopia does not decrease, myopia will impact 2.56 billion people by 2020, according to World Health Organization (WHO) research released in 2015.
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Extremely close labor, alterations in the surroundings, but now fact that most of us lead lives that prioritize studying above other activities are factors that affect vision. It has been reported that by doing this, there is a potential we may have vision loss. Governmental support as well as research and development are also promoting industry growth. Additionally, business development could be hampered during the projected timeframe by the increased therapy frequency.
The industry for LASIK eye surgery as well as industry characteristics are fully covered in this research. Additionally, the study includes a summary of key characteristics, categorization, significant stakeholders, geographical assessment, and other evidence-based. The research also includes a thorough assessment of the LASIK eye surgery market and a prediction for 2022.
Concerns about COVID-19 are growing as the illness spreads around the globe, especially in the ophthalmology profession. Over 150 million Americans are affected by the most common type of vision problem, according to the National Eye Institute. As of June 2018, around 9.5 million Americans had undergone the procedure, based on NVISION Eye Centres.
Market segmentation:
The LASIK eye surgery industry is divided into segments based on product kinds, visual problems, end users, and geographical areas. During the projected timeframe, the LASIK eye surgery market is anticipated to expand moderately.
The LASIK eye surgery industry is divided into wavefront-optimized, wavefront-guided, topography-guided, and all laser procedures based on the usage.
The LASIK eye surgery industry is divided into hospitals, eye care clinics, LASIK facilities, and others based on the types of propelling.
Regional classification:
The LASIK eye surgery industry is divided into America, Europe, Asia Pacific, and the Middle East & Africa, based on the most recent data. The Americas dominate the global LASIK Eye Surgery market because of technological advancements, a growing community with visual impairments, expensive healthcare costs, and greater government assistance for R&D.
Key Players:
The key player in this market is Abbott Inc. (US), AMO Manufacturing USA, LLC (US), LaserSight Technologies, Inc. (USA), and Carl Zeiss, Inc. (Germany).
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