Personalized LASIK Surgery Market Report 2024

This Personalized LASIK Surgery market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The personalized LASIK surgery market size has grown strongly in recent years. It will grow from $2.46 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to increased public awareness about LASIK surgery, a rising prevalence of refractive errors, the expansion of refractive surgery centers, enhanced patient safety and outcomes, and support from government and regulatory bodies.

The personalized LASIK surgery market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The projected growth for the forecast period can be attributed to an expanding geriatric population, a rising incidence of vision disorders, increased awareness and education, growth in healthcare infrastructure, and the expansion of medical tourism. Key trends expected during this period include the development of advanced LASIK platforms, the adoption of laser-assisted systems, ongoing technological innovations, improvements in patient experience, and the availability of personalized treatment options.

The increasing prevalence of ophthalmic diseases is anticipated to drive the growth of the personalized LASIK surgery market in the coming years. Ophthalmic diseases refer to medical conditions that impact the eyes and vision, such as glaucoma, cataracts, macular degeneration, and diabetic retinopathy. This rising burden can be attributed to an aging population, a higher prevalence of chronic conditions like diabetes, and lifestyle factors such as extended screen time, all of which contribute to a greater incidence of eye disorders. Personalized LASIK surgery addresses these ophthalmic diseases by offering customized vision correction solutions that enhance accuracy, effectiveness, and patient outcomes for conditions like myopia and astigmatism. For example, in September 2024, Eurostat, a Luxembourg-based government agency, reported that cataract surgeries - procedures involving the removal of the eye’s natural lens were performed 4.73 million times in EU countries in 2022. Thus, the growing burden of ophthalmic diseases is set to drive the expansion of the personalized LASIK surgery market.

Leading companies in the personalized LASIK surgery market are focusing on adopting advanced LASIK platforms, such as laser-assisted systems, to enhance precision, improve patient outcomes, and streamline surgical procedures. These systems use lasers to precisely reshape the cornea for vision correction, offering greater accuracy and customization compared to traditional methods. For instance, in January 2024, Bausch + Lomb Corporation, a Canada-based eye health company, received FDA approval for its TENEO Excimer Laser Platform for LASIK surgery. This platform is designed to correct myopia and myopic astigmatism and features an advanced eye-tracker operating at 1740 Hz three times faster than the laser's repetition speed - and a 500 Hz laser that provides the quickest ablation time among excimer lasers in the U.S., achieving approximately 1.2 seconds per diopter.

In May 2024, Sightpath Medical, a US-based provider of mobile LASIK surgery services, acquired PennVista for an undisclosed amount. This acquisition allows Sightpath Medical to expand its services and resources for comprehensive ophthalmology practices across the United States, reinforcing its position in the ophthalmic surgical services market and furthering its mission to support these practices. PennVista is also a US-based provider of LASIK services.

Major companies operating in the personalized LASIK surgery market are Abbott Laboratories, Stryker Corporation, Carl Zeiss AG, Alcon Inc., Bausch Health Companies Inc., Medtronic plc, Santen Pharmaceutical Co. Ltd., Topcon Corporation, Johnson & Johnson Vision Care Inc., STAAR Surgical Company, Optical Express Ltd., The LASIK Vision Institute LLC, LASIK MD Inc., Centre For Sight Limited, Technolas Perfect Vision GmbH, Optegra Eye Health Care Ltd., IntraLase LLC, SCHWIND eye-tech-solutions GmbH, Optimax Clinics Limited, NIDEK Co. Ltd., Shanghai New Eyes Medical Inc., Ziemer Ophthalmic Systems AG, LaserSight Technologies Inc., Presbia PLC.

North America was the largest region in the personalized LASIK surgery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized LASIK surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the personalized LASIK surgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Personalized LASIK surgery involves advanced eye surgery tailored to an individual’s specific visual needs, using detailed diagnostic measurements to customize the treatment. This approach enhances precision and effectiveness, aiming to achieve optimal vision correction based on unique eye characteristics.

The main types of personalized LASIK surgery include topography-guided LASIK, wavefront-guided LASIK, and wavefront-optimized LASIK. Topography-guided LASIK employs detailed measurements of the corneal surface's shape to direct the laser in reshaping the cornea, correcting irregularities, and optimizing corneal curvature for improved vision accuracy. It is indicated for conditions such as myopia, hypermetropia, presbyopia, and others. End users of this technology include hospitals, clinics, ambulatory surgical centers, and other healthcare facilities.

The personalized LASIK surgery market research report is one of a series of new reports that provides personalized LASIK surgery market statistics, including personalized LASIK surgery industry global market size, regional shares, competitors with an personalized LASIK surgery market share, detailed personalized LASIK surgery market segments, market trends and opportunities, and any further data you may need to thrive in the personalized LASIK surgery industry. This personalized LASIK surgery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The personalized LASIK surgery market includes revenues earned by entities through pre-operative assessment, custom LASIK procedures, refractive surgery consultation, patient counseling, and education. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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