What is the global market size of Personalized LASIK Surgery Market?

Global Personalized LASIK Surgery Market size was valued at USD 1.66 Billion in 2021 and is poised to grow from USD 1.71 Billion in 2022 to USD 2.18 Billion by 2030, at a CAGR of 3.10 % during the forecast period (2023-2030).

Global Personalized LASIK Surgery Market Size, Share, Growth Analysis, By Surgery type(Wavefront-guided LASIK, Wavefront-optimized LASIK), By Indication(Myopia, Hyperopia), By End-User(Hospitals, Clinics) - Industry Forecast 2024-2031

Report ID: SQMIG35D2056 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 94 | Figures: 75

Global Personalized LASIK Surgery Market Insights

Global Personalized LASIK Surgery Market size was valued at USD 1.66 Billion in 2019 and is poised to grow from USD 1.71 Billion in 2023 to USD 2.18 Billion by 2031, at a CAGR of 3.10 % during the forecast period (2024-2031).

Personalized or personalised LASIK surgery is a safer variant of the regular LASIK operation that uses the most advanced laser vision technology to take 3-dimensional measurements of the individual's eye and improves the ophthalmologist's ability to reshape the cornea. Personalized LASIK surgery recognises the distinctive features of each individual's eyes and provides more accurate vision repair. This allows for more accurate, personalised eyesight correction results. According to the American Academy of Ophthalmology, approximately 34% of the U.S. population wears glasses or lenses owing to vision problems. An estimated 25% of people worldwide choose laser eye sight correction surgery.

Rising popularity of corrective eye surgery is likely to fuel market expansion. Some of the factors expected to fuel market expansion over the forecast period include the introduction of technologically sophisticated equipment, an increase in the number of eye care clinics offering customised LASIK operations, and increased knowledge about efficacy and safety. Many companies and government agencies are now offering assistance to people with visual impairments, which is expected to enhance market demand. For example, the National Eye Institute supports research and new product development procedures in the field of eye care. Other comparable programmes include the BlueCross Blue Shield QualSight programme, which provides reductions on LASIK surgery costs to Federal Employees.

US Personalized LASIK Surgery Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Personalized LASIK Surgery Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

In order to maintain competitiveness, the Global Personalized LASIK Surgery Market participants are heavily active in mergers and acquisitions. The advent of new technologies such as refractive lenticule extraction (ReLEx) and Small Incision Lenticule Extraction (SMILE) with Carl Zeiss' VisuMax laser is projected to create a profitable development platform for this industry. Abbott Molecular Optics and Nidek created products that were both quick and easy to use. AMO's iDesign is a next-generation wavefront approach that is said to produce accurate outcomes with great resolution. 'Johnson & Johnson Vision (US) ', 'Alcon (Switzerland) ', 'Carl Zeiss Meditec AG (Germany) ', 'Bausch Health Companies Inc. (Canada)', 'EssilorLuxottica (France)', 'NIDEK Co., Ltd. (Japan)', 'Topcon Corporation (Japan)', 'ZEISS International (Germany)', 'Novartis AG (Switzerland)', 'STAAR Surgical Company (US)', 'Abbott Medical Optics (US)', 'SCHWIND eye-tech-solutions GmbH (Germany)', 'Technolas Perfect Vision GmbH (Germany)', 'Lumenis Ltd. (Israel)', 'Shanghai New Eyes Medical Inc. (China)', 'Valeant Pharmaceuticals International, Inc. (Canada)', 'LASIK MD (Canada)', 'Optegra Eye Health Care (UK)', 'Optical Express (UK) Optimax (UK)'

Highly sophisticated and less invasive vision repair surgical method is a primary driver of the personalized LASIK surgery market. Furthermore, advantages such as cost-effectiveness, fewer side effects, and less problems encourage patients to choose this treatment. Furthermore, rising incidence of refractive diseases such as myopia, hyperopia, and astigmatism, as well as an increase in the number of R&D activities, are likely to fuel market expansion. Furthermore, the increased risk of infection due to the continuous use of contact lenses, the rising frequency of ocular disorders, and the advent of novel ophthalmic technologies are projected to favour the expansion of the personalized LASIK surgery market in the future years.

As customised LASIK surgery is the most recent treatment option for myopia, the demand for LASIK procedures for myopia is increasing. Topography-guided LASIK surgery has been demonstrated in trials to be more successful than other treatments in treating myopia. Dr. A. John Kanellopoulos stated in October 2021 at the European Society of Cataract and Refractive Surgeons that due to eye tracking, cyclorotation compensation, and active centration control in topo-guided LASIK technology, better visual performance than SMILE (Small Incision Lenticule Extraction) was observed over long-term follow-up. Furthermore, in a four-year study comparing the refractive results of LASIK with SMILE, topo-guided LASIK revealed superior visual performance and precision, particularly in very myopic eyes. Such research will almost certainly enhance the use of personalized LASIK operations among myopia-affected populations.

North America's low cost of living makes it a prominent market for personalized LASIK surgery. North America, followed by Europe, is dominating the personalised LASIK surgery market due to their high lifestyle patterns and awareness, as well as the availability of all forms of minimally invasive advanced customised LASIK operations. The presence of important market players in the region, rising awareness levels, and well-established healthcare infrastructure are some of the factors influencing the region's market position. According to National Library of Medicine data updated in November 2021 for LASIK, there are numerous lasers authorised by the US Food and Drug Administration (FDA) for use in LASIK operations. According to the aforementioned source, bespoke LASIK is frequently used.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Personalized LASIK Surgery Market Size, Share, Growth Analysis, By Surgery type(Wavefront-guided LASIK, Wavefront-optimized LASIK), By Indication(Myopia, Hyperopia), By End-User(Hospitals, Clinics) - Industry Forecast 2024-2031

Global Personalized LASIK Surgery Market Insights

Global Personalized LASIK Surgery Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Personalized LASIK Surgery Market?

Who are the key vendors in the Global Personalized LASIK Surgery Market?

What is the key driver of Global Personalized LASIK Surgery Market?

What is the key market trend for Global Personalized LASIK Surgery Market?

Which region accounted for the largest share in Global Personalized LASIK Surgery Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300