Custom LASIK Surgery Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

The Global Custom LASIK Surgery Market was valued at US$ 1,537.6 million in 2016, as highlighted by Coherent Market Insights in its latest report on the market. High degree of precision and personalization as compared to conventional LASIK surgery is expected boost demand for custom LASIK surgery.
Custom LASIK surgery market has witnessed lucrative growth in last five years, owing to its added advantage over conventional LASIK surgery and advanced eye laser treatments. It offers high correction vision and also enhances quality of eye vision in terms of contrast sensitivity. Since the introduction of LASIK surgery in 1991, over 10 million patients have been benefitted worldwide. However, the personalized LASIK surgery gained traction post introduction of wavefront guided LASIK surgery in 2002. Since then, various companies have revolutionized the industry by venturing in custom LASIK surgery market.
Increasing prevalence rate of refractive disorders, along with higher demand for eye laser treatment is expected to create market opportunity for players engaged in LASIK surgery market. For instance, over 23% of the U.S. population aged above 40 years suffered from myopia according to the American Academy of Ophthalmology 2016 estimates. There is high addressable market that needs to be capitalized upon. Only a fraction of the market is commercialized with custom LASIK surgery procedure. Existing leading companies are spend a considerable amount on development of custom LASIK technology. Companies such as Abbott Medical Optics, Alcon Laboratories, and Wavelight AG, have developed wavefront guided LASIK technology for individual treatment.
Key takeaways of the market are as follows:
• North America is estimated to account for nearly 38% of overall custom LASIK surgery market revenue in 2017. The market in this region is expected to be primarily driven by rising demand in the U.S. Presence of specialized refractive surgeons along with higher healthcare spending and awareness towards better treatment care is expected to bolster demand for custom LASIK surgery procedure in the region. In 2016, over 1,050 LASIK centers performed around 630,000 LASIK procedures in the U.S.
• The markets in Latin America and Asia Pacific is expected to register double digit growth rate over the forecast period. Rise in discretionary income along with increasing prevalence of refractive disorders are expected to create lucrative market opportunities for the players in these region. Though, Latin America custom LASIK surgery market size is expected to register relatively higher CAGR than Asia Pacific, the latter is expected to generate over 3.5 times of the revenue generated by Latin America by 2024 end.
• While wavefront-guided procedure segment is expected to dominate the custom LASIK surgery market share throughout the forecast period, topography guided LASIK procedure segment is expected to register fastest CAGR between 2016 and 2024. Various companies are trying to establish their presence in the market through development and distribution of innovative products in the market. For instance, in 2015, Alcon—a subsidiary of Novartis—received FDA approval for topography guided LASIK procedure. Commercialization of the product is expected to drive revenue growth of the company over the forecast period.
• Abbott Medical Optics, Alcon Laboratories, Inc., Carl Zeiss, Inc., Bausch & Lomb, Nidek, Inc., and Technolas Perfect Vision GmbH are few of the key players in custom LASIK surgery market.
• Expansion of product portfolio along with the focus on long-term partnerships with LASIK centers are the prominent strategies adopted by leading players in this industry. For instance, Abbott received FDA approval for iDesign Advanced WaveScan Studio in 2015.

Global ICT Investment Trends in Telco/Service Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

ICT is information and communication technology. ICT (Information and Communication Technology) is the infrastructure and components for modern computing. It is a new concept and a new technical field formed by the integration of information technology and communication technology. Scop...

United States Diabetes Insulin Delivery Pen Market: Companies Profiles, Size, Share, Growth, Trends and Forecast to 2026

Published Date : Mar 2019

The United States insulin delivery pen market is anticipated to reach US$ 5 billion by 2026, witnessing an impressive double-digit growth rate in the forecast period 2019 - 2026. "United States Diabetes Insulin Delivery Pen Market: Companies Profiles, Size, Share, Growth, Trends and For...

Global Water Analysis Instrumentation Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

This report studies the Water Analysis Instrumentation market. Water Analysis Instrumentation used to measure one or more parameters including: electrical conductivity (EC), dissolved oxygen (DO), water temperature, turbidity, total dissolved solids (TDS), Redox, specific ions and pH. S...

Blood Glucose Meter Market: United States Industry Analysis, Trends, Market Size and Forecasts up to 2026

Published Date : Mar 2019

Blood Glucose Meter market in the United States is set to surpass US$ 1 Billion threshold by 2026. "Blood Glucose Meter Market: United States Industry Analysis, Trends, Market Size and Forecasts up to 2026" presents an in-depth assessment of the United States blood glucose meter market ...

Global Human Immunodeficiency Virus (HIV) Drugs Market 2019 - 2025: Top 22 Drugs Analysis, Key Trends, Players and Forecasts

Published Date : Feb 2019

The global human immunodeficiency virus (HIV) drugs market size is expected to surpass US$ 30 billion by 2025. "Global Human Immunodeficiency Virus (HIV) Drugs Market 2019 - 2025: Top 22 Drugs Analysis, Key Trends, Players and Forecasts" presents an in-depth assessment of the global hum...

Sri Lanka MICE Tourism Market: Current Trends, Opportunity, Growth Potential and Forecast to 2025

Published Date : Jan 2019

Sri Lanka Meetings, Incentives, Conferences and Exhibitions (MICE) tourism market is expected to reach US$ 285 Million by 2025. "Sri Lanka MICE Tourism Market: Current Trends, Opportunity, Growth Potential and Forecast to 2025" offers the most up-to-date industry data on the actual mark...

Global The Food Industry Metal Detectors Market Professional Survey Report 2019

Published Date : Mar 2019

This report studies The Food Industry Metal Detectors in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to2018, and forecast to2024. This report focuses on t...

Global Sperm Analysis System Market Professional Survey Report 2019

Published Date : Mar 2019

This report studies Sperm Analysis System in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to2018, and forecast to2024. This report focuses on top manufactu...

Global Metal Detectors Used in The Food Industry Market Professional Survey Report 2019

Published Date : Mar 2019

This report studies Metal Detectors Used in The Food Industry in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to2018, and forecast to2024. This report focu...

Global Metal Detectors Applied in The Food Industry Market Professional Survey Report 2019

Published Date : Mar 2019

This report studies Metal Detectors Applied in The Food Industry in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to2018, and forecast to2024. This report f...

 

Select License :

  • Single User : $4500
  • Multiple User : $7000
  • Corporate User : $10000

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.