Global Lasik Eye Surgery Devices Market

Lasik Eye Surgery Devices Market Size, Share, Growth Analysis, By Product Type(Excimer Lasers, Femtosecond Lasers, Microkeratomes and Others), By Application(Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics and Others), By End User(Adults and Pediatrics), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2259 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 64 | Figures: 75

Lasik Eye Surgery Devices Market Insights

Lasik Eye Surgery Devices Market size was valued at USD 2.57 Billion in 2023 and is poised to grow from USD 2.96 Billion in 2024 to USD 8.07 Billion by 2031, at a CAGR of 15.35% during the forecast period (2024-2031). 

The Global Lasik Eye Surgery Devices Market is a thriving industry that has revolutionized the way we share and present information. Our report contains detailed information on the value chain analysis for the LASIK eye surgery devices market, which manufacturers can use to gain a competitive edge during the projected period. Understanding the value chain from beginning to end is critical for optimizing profit margins and evaluating company strategy.

During the projected period, the data accessible in our value chain analysis segment can assist suppliers in driving costs and improving customer service. In recent years, there has been an unexpected increase in the number of instances of ocular illnesses, which is encouraging people with visual problems to seek laser therapy, hence fueling the LASIK eye surgery equipment market trends. The increased demand for minimally invasive surgical procedures is driving the market CAGR for LASIK eye surgery.

The growing number of people suffering from these eye conditions, as well as increased care spending, an increased need for minimally invasive surgical treatments, an increasing number of eye care centers offering personalized LASIK technology, growing knowledge about the effectiveness and security of technological advances, and rising funding from government officials, are all contributing to the growth of the LASIK Eye surgery sector. Because of prolonged screen usage and bad diets, eye-related illnesses are more widespread in teens and millennials. Diabetes, glaucoma, age-related macular degeneration, trachoma, corneal opacity, and cataract are among the most common causes of visual impairments in the older population.

Aging is a key contributor to the increasing prevalence of ocular and ophthalmic disorders such as cataracts and refractive errors. Furthermore, an increase in screen usage has increased the prevalence of refractive vision problems, particularly among adults and children. As a consequence, because laser surgery can alleviate the symptoms of age-related macular degeneration and other eye illnesses, acceptability of the LASIK treatment will increase.

US Lasik Eye Surgery Devices Market is poised to grow at sustainable CAGR for the next forecast year.

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Lasik Eye Surgery Devices Market size was valued at USD 2.57 Billion in 2023 and is poised to grow from USD 2.96 Billion in 2024 to USD 8.07 Billion by 2031, at a CAGR of 15.35% during the forecast period (2024-2031). 

The Global Lasik Eye Surgery Devices Market features a highly competitive landscape with the presence of several key players. Some of the prominent players in the market focus on product innovation and technological advancements to gain a competitive edge. They invest significantly in research and development to introduce new features and functionalities in their Lasik Eye Surgery Devices solutions. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies employed by these players to expand their market presence and enhance their product portfolios. With the growing demand for Lasik Eye Surgery Devices solutions, the competition among these players intensifies, leading to continuous advancements and improvements in the market offerings. 'Alcon, Inc. (Switzerland)', 'Carl Zeiss Meditec AG (Germany)', 'Johnson & Johnson Vision Care, Inc. (US)', 'Bausch + Lomb (US)', 'NIDEK CO., LTD. (Japan)', 'SCHWIND eye-tech-solutions GmbH (Germany)', 'Ziemer Ophthalmic Systems AG (Switzerland)', 'Abbott Medical Optics (US)', 'Technolas Perfect Vision GmbH (Germany)', 'AMO Manufacturing USA, LLC (US)', 'Topcon Corporation (Japan)', 'Lumenis Ltd. (Israel)', 'LensAR, Inc. (US)', 'ZEPTO Precision Cataract Surgery (US)', 'iVIS Technologies (Italy)', 'Optovue, Inc. (US)', 'Beyeonics Surgical Ltd. (UK)', 'Ocular Instruments (US)', 'Rayner Intraocular Lenses Limited (UK)', 'Excel-Lens (Spain)'

Lasik eye surgery provides numerous advantages over traditional methods of vision correction, such as eyeglasses or contact lenses. It offers a permanent solution to refractive errors, eliminating the need for constant dependence on external vision aids. Lasik can improve visual acuity, reduce dependency on glasses or contact lenses, and provide clearer vision, especially for individuals with high refractive errors. These benefits have led to increased acceptance and preference for Lasik surgery among individuals seeking long-term vision correction.

Convenience and Lifestyle Factors: Wearing eyeglasses can be inconvenient for certain activities, such as sports, outdoor activities, or even daily tasks that require freedom of movement or engagement. Individuals who lead active lifestyles or participate in physical activities often prefer alternatives that allow them to have clear vision without the limitations of eyeglasses. These technologies of surgery offer the potential for permanent vision correction, reducing or eliminating the reliance on external aids like glasses.

The largest market region in the Lasik eye surgery devices market is North America. North America has emerged as a dominant player in the market due to several factors. Firstly, the region has well-established healthcare infrastructure, including advanced ophthalmic clinics, hospitals, and ambulatory surgical centers, which facilitate the widespread adoption of Lasik eye surgery procedures. Secondly, North America is at the forefront of technological advancements, with significant investments in research and development activities related to ophthalmic devices and procedures. This has led to the availability of advanced Lasik eye surgery devices, including excimer laser systems and femtosecond lasers, that ensure superior surgical outcomes.

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Global Lasik Eye Surgery Devices Market

Report ID: SQMIG35A2259

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