Laser Vision Correction Market

LASIK (Laser Assisted In-Situ Keratomileusis) eye surgery is the best known and most commonly performed laser refractive surgery to correct vision problems. Laser-assisted In-situ Keratomileusis (LASIK) can be an alternative to glasses or contact lenses. During LASIK surgery, a special type of cutting laser is used to precisely change the shape of the dome-shaped clear tissue at the front of your eye (cornea) to improve vision. In eyes with normal vision, the cornea bends (refracts) light precisely onto the retina at the back of the eye. But with nearsightedness (myopia), farsightedness (hyperopia), or astigmatism, the light is bent incorrectly, resulting in blurred vision. Glasses or contact lenses can correct vision, but reshaping the cornea itself also will provide the necessary refraction.

 Laser vision correction surgery is performed to correct refractive errors, improve vision, and reduce or eliminate the need for glasses or contact lenses. Laser vision correction surgery is performed on patients suffering from myopia, hyperopia, astigmatism, or cataract. There are different types of laser vision correction surgeries recommended to patients according to their eye condition. Some of the major types of laser eye surgeries are LASIK, PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction), and surface laser treatments.

Market Dynamics

The rising prevalence of refractive disorders are expected to create lucrative growth opportunities for the global laser vision correction market during the forecast period. Changing lifestyle has led to weak immunity and increasing susceptibility to various health problems. Eye-related diseases have also increased in the recent past. For instance, according to The Lancet, a weekly peer-reviewed general medical journal, in March 2021, 161 Mn people had uncorrected refractive errors, 100 Mn people suffered from cataract, and 510 Mn has problems of near vision. Moreover, 91 Mn children present vision loss because they don’t have access to vision services.

 Key features of the study:

• This report provides an in-depth analysis of the global laser vision correction market and provides market size (US$ Bn) and Compound Annual Growth Rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
• It profiles key players in the global laser vision correction market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• The key companies covered as a part of this study include Johnson & Johnson Private Limited, Alcon Management S. A., NIDEK CO., LTD., Bausch Health Companies Inc., Carl Zeiss Meditec AG (A subsidiary of Carl Zeiss AG), Ziemer Ophthalmic Systems AG, SCHWIND eye-tech-solutions and Coherent Corp.
• Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, government initiatives, technological upgrade, market expansion, and marketing tactics
• The global laser vision correction market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for the global laser vision correction market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

• Global Laser Vision Correction Market, By Procedure:
  • LASIK (Laser Assisted In-Situ Keratomileusis)
  • PRK (Photo Refractive Keratectomy)
  • SMILE (Small Incision Lenticule Extraction)
  • Others
• Global Laser Vision Correction Market, By Type:
  • Excimer Laser
  • Femtosecond Laser
• Global Laser Vision Correction Market, By Therapeutic Application:
  • Myopia
  • Hyperopia
  • Presbyopia
  • Astigmatism
  • Cataract
  • Others
• Global Laser Vision Correction Market, By End User:
  • Hospitals
  • Ambulatory Surgical Centers
  • Long term care centers
  • Others
• Global Laser Vision Correction Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • Johnson & Johnson Private Limited
  • Alcon Management S. A.
  • NIDEK CO., LTD.
  • Bausch Health Companies Inc.
  • Carl Zeiss Meditec AG (A subsidiary of Carl Zeiss AG)
  • Ziemer Ophthalmic Systems AG
  • SCHWIND eye-tech-solutions
  • Coherent Corp.