Personalized LASIK Surgery Market is Expected to Grow at 5.5% by 2031. Rising popularity of curative eye operation is predicted to assist the growth of the global personalized LASIK surgery market. Launching of technically modernized equipments, growing amount of eye care centers offering modified LASIK surgeries and growing consciousness related to efficiency and security are a few of the aspects predicted to stimulate the growth of the market during the estimated period.
Refractive impairments like astigmatism, myopia, presbyopia, and hyperopia can result in impediments of the day today activities and enhance the requirement for wearing glasses. It is reported by American Academy of Ophthalmology that about 34% of people in USA wear glasses owing to disorders of eye. It is predicted that about 24% of the people all across the globe choose laser eyesight curative operations as a lifelong substitute for the use of lens and glasses.
Growth of technically modernized equipments displaying high speed, user friendliness and sensitivity has added to the growth and expansion of the global personalized LASIK surgery market. Further growing demand for minimal invasive operations due to relative advantages like less loss of blood and short hospitals stays are predicted to improve the rate of acceptance of tailored LASIK surgeries.
Many firms and government institutes are also offering help to patients with ophthalmological & eye vision problems. This factor is predicted to stimulate the demand and growth of the worldwide personalized LASIK surgery market.
The wave front based surgeries also includes the measurement of cornea of the patients based upon how the beam passes through the eyes and falls upon the eye retina. The laser therapies used in these surgical methods are totally modified as per the eye anatomy of the patients. The wave front guided LASIK surgical operations section contributed biggest share to the total share of the global personalized LASIK surgery market during year 2014. It contributed about 38% of the total share of the global market during this year.
In case of topography dependent surgical methods measurement of surface of the eye is taken based on the eye anatomy of the patients. Topography guided LASIK surgeries section is predicted to experience heavy growth and expansion during the estimated period. Painless methods combined with momentum, regulatory authorization of main equipments and low side effects are few of the aspects adding to the growth and expansion of this section during the forecasted period.
The subcontinent of North America led the global personalized LASIK surgery market during year 2014. It produced the revenue of about more than 626 million US dollars during that year. Presence of main industry players in the subcontinent, growing levels of consciousness among the people of the sub continent, improved healthcare services & facilities, enhanced healthcare activists and established healthcare infrastructure in the subcontinent were some of the factors that had contributed to the growth and expansion of the personalized LASIK surgery market in subcontinent of North America during the year.
Further, LASIK surgeries were approved by US Federal (FDA) in 1999 in USA. NALESE (North American Lasik and Eye Surgery Centre) is involved in offering & using modern technologies in LASIK surgeries and supporting vision care activities. All these factors have also played a significant role in enhancing the demand and growth of the personalized LASIK surgery market in the subcontinent of North America.
Countries like India and China contributed a major portion of the total market share of the personalized LASIK surgery market of Asia Pacific zone. Increase in levels of awareness among the people, growing financial stability and market participants targeting niche & specific markets related to eye vision correction are some of the factors predicted to fuel the demand and growth of the personalized LASIK surgery market in APAC zone.
Johnson & Johnson, Alcon Inc., Bausch Health, Carl Zeiss AG, Lasersight Technologies Inc., Nidek Co. Ltd, Ziemer Group AG, among others.
The key players in the global personalized LASIK surgery market are executing business strategies like mergers & acquisitions, partnerships, joint ventures, associations, collaborations and strategic alliances in order to increase their market share, gain competitive advantage over business rivals, establish market position, increase market penetration, elevate profit margins and expand their business all across the globe.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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Refractive impairments like astigmatism, myopia, presbyopia, and hyperopia can result in impediments of the day today activities and enhance the requirement for wearing glasses. It is reported by American Academy of Ophthalmology that about 34% of people in USA wear glasses owing to disorders of eye. It is predicted that about 24% of the people all across the globe choose laser eyesight curative operations as a lifelong substitute for the use of lens and glasses.
Growth of technically modernized equipments displaying high speed, user friendliness and sensitivity has added to the growth and expansion of the global personalized LASIK surgery market. Further growing demand for minimal invasive operations due to relative advantages like less loss of blood and short hospitals stays are predicted to improve the rate of acceptance of tailored LASIK surgeries.
Many firms and government institutes are also offering help to patients with ophthalmological & eye vision problems. This factor is predicted to stimulate the demand and growth of the worldwide personalized LASIK surgery market.
Personalized LASIK Surgery Market By Type:
The global personalized LASIK surgery market by types includes topography guided LASIK surgeries, wave front guided LASIK surgeries and wave front optimized LASIK surgeries.The wave front based surgeries also includes the measurement of cornea of the patients based upon how the beam passes through the eyes and falls upon the eye retina. The laser therapies used in these surgical methods are totally modified as per the eye anatomy of the patients. The wave front guided LASIK surgical operations section contributed biggest share to the total share of the global personalized LASIK surgery market during year 2014. It contributed about 38% of the total share of the global market during this year.
In case of topography dependent surgical methods measurement of surface of the eye is taken based on the eye anatomy of the patients. Topography guided LASIK surgeries section is predicted to experience heavy growth and expansion during the estimated period. Painless methods combined with momentum, regulatory authorization of main equipments and low side effects are few of the aspects adding to the growth and expansion of this section during the forecasted period.
Personalized LASIK Surgery Market By Region:
The worldwide personalized LASIK surgery market by region is divided into four geographical regions, namely, subcontinent of North America, Continent of Europe, Asia Pacific zone and region of the rest of the world.The subcontinent of North America led the global personalized LASIK surgery market during year 2014. It produced the revenue of about more than 626 million US dollars during that year. Presence of main industry players in the subcontinent, growing levels of consciousness among the people of the sub continent, improved healthcare services & facilities, enhanced healthcare activists and established healthcare infrastructure in the subcontinent were some of the factors that had contributed to the growth and expansion of the personalized LASIK surgery market in subcontinent of North America during the year.
Further, LASIK surgeries were approved by US Federal (FDA) in 1999 in USA. NALESE (North American Lasik and Eye Surgery Centre) is involved in offering & using modern technologies in LASIK surgeries and supporting vision care activities. All these factors have also played a significant role in enhancing the demand and growth of the personalized LASIK surgery market in the subcontinent of North America.
Countries like India and China contributed a major portion of the total market share of the personalized LASIK surgery market of Asia Pacific zone. Increase in levels of awareness among the people, growing financial stability and market participants targeting niche & specific markets related to eye vision correction are some of the factors predicted to fuel the demand and growth of the personalized LASIK surgery market in APAC zone.
Competitive Landscape:
Key market players involved in the business of personalized LASIK surgeries and included in the global personalized LASIK surgery market report are as follows:Johnson & Johnson, Alcon Inc., Bausch Health, Carl Zeiss AG, Lasersight Technologies Inc., Nidek Co. Ltd, Ziemer Group AG, among others.
The key players in the global personalized LASIK surgery market are executing business strategies like mergers & acquisitions, partnerships, joint ventures, associations, collaborations and strategic alliances in order to increase their market share, gain competitive advantage over business rivals, establish market position, increase market penetration, elevate profit margins and expand their business all across the globe.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Personalized LASIK Surgery market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Personalized LASIK Surgery market and their expected impact during the forecast period.
Market Segmentation
Type
- Wavefront LASIK
- Topography guided LASIK
- Other Types
Indication
- Myopia
- Hypermetropia
- Presbyopia
- Other Indications
End User
- Hospitals
- ASC
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Personalized LASIK Surgery market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Personalized LASIK Surgery market?
- Which is the largest regional market for Personalized LASIK Surgery market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Personalized LASIK Surgery market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Personalized LASIK Surgery market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Personalized LASIK Surgery Market: Competitive Analysis
4. Personalized LASIK Surgery Market: Macro Analysis & Market Dynamics
5. Personalized LASIK Surgery Market: By Type, 2021-2031, USD (Million)
6. Personalized LASIK Surgery Market: By Indication, 2021-2031, USD (Million)
7. Personalized LASIK Surgery Market: By End User, 2021-2031, USD (Million)
8. North America Personalized LASIK Surgery Market, 2021-2031, USD (Million)
9. UK and European Union Personalized LASIK Surgery Market, 2021-2031, USD (Million)
10. Asia Pacific Personalized LASIK Surgery Market, 2021-2031, USD (Million)
11. Latin America Personalized LASIK Surgery Market, 2021-2031, USD (Million)
12. Middle East and Africa Personalized LASIK Surgery Market, 2021-2031, USD (Million)
13. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Johnson & Johnson
- Alcon Inc.
- Bausch Health
- Carl Zeiss AG
- Lasersight Technologies Inc.
- Nidek Co. Ltd
- Ziemer Group AG
