LASIK Eye Surgery Market Information: By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser), Vision Error (Myopia, Hyperopia, Astigmatism, Others), End Users (Hospitals, Eye Care Clinic, LASIK Centers, Others) -Forecast till 2030
Market Research Future Highlights
The LASIK eye surgery market is a rapidly growing sector in the healthcare industry. LASIK stands for Laser-Assisted In Situ Keratomileusis, which is a type of eye surgery that is used to correct vision problems such as nearsightedness, farsightedness, and astigmatism. This procedure is becoming increasingly popular as a way for people to improve their vision without having to rely on glasses or contact lenses.
The global LASIK eye surgery market is expected to grow at a compound annual growth rate (CAGR) of approximately 7.8% during the forecast period of 2017-2023. The report suggests that the market is expected to reach a value of approximately USD 2,963.5 million by the end of 2023, up from approximately USD 1,736.4 million in 2016.
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Market Segmentation
The LASIK eye surgery market can be segmented based on the type of surgery, technology used, end-users, and region.
Based on the type of surgery, the LASIK eye surgery market can be segmented into conventional LASIK surgery, wavefront-guided LASIK surgery, wavefront-optimized LASIK surgery, and topography-guided LASIK surgery.
Based on the technology used, the LASIK eye surgery market can be segmented into femtosecond lasers, excimer lasers, and others.
Based on end-users, the LASIK eye surgery market can be segmented into hospitals, ophthalmology clinics, and ambulatory surgery centers.
Based on region, the LASIK eye surgery market can be segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Overall, the market segmentation allows for a better understanding of the LASIK eye surgery market and helps stakeholders make informed decisions regarding investments, marketing strategies, and expansion plans.
Key Players
Some of the key players operating in the LASIK eye surgery market include Alcon Laboratories, Carl Zeiss Meditec AG, Nidek Co. Ltd., Bausch & Lomb Incorporated, Abbott Medical Optics Inc., Technolas Perfect Vision GmbH, Ziemer Ophthalmic Systems AG, and Schwind Eye-Tech-Solutions GmbH.
Regional Analysis
The LASIK eye surgery market is analyzed on a global level, with key regions including North America, Europe, Asia-Pacific, and the rest of the world.
North America is the largest market for LASIK eye surgery, accounting for the highest market share due to factors such as increasing prevalence of vision problems, growing awareness of LASIK surgery, and rising adoption of advanced surgical procedures.
Europe is the second-largest market for LASIK eye surgery, with factors such as increasing aging population and rising demand for cosmetic surgeries driving market growth in the region.
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The Asia-Pacific region is expected to witness the highest growth rate in the LASIK eye surgery market during the forecast period, due to factors such as increasing disposable income, rising demand for advanced healthcare services, and growing awareness of LASIK surgery among the population.
The rest of the world is also expected to witness significant growth in the LASIK eye surgery market during the forecast period, driven by factors such as increasing government initiatives to improve healthcare infrastructure and rising demand for advanced surgical procedures.
Overall, the global LASIK eye surgery market is expected to witness significant growth in all major regions, driven by a combination of increasing demand for the procedure and advancements in technology that make the surgery safer and more effective.
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