The LASIK surgery procedure is carried out for treatment of patients suffering from myopia. Increasing demand for minimally invasive therapies, along with rising prevalence of refractive disorders are expected to boost demand for LASIK surgery procedures over the forecast period. Commercialization of approved LASIK surgery systems is expected to fuel custom LASIK surgery market growth during the forecast period.

Market Dynamics

Changing lifestyle patterns have led to weakening immunity and an increasing susceptibility to various health problems. Eye related diseases have increased in the recent past. For instance, according to the American Academy of Ophthalmology’s 2016 statistics, over 150 million people in the U.S. wear corrective eye wear. Increasing demand for effective treatments is expected to drive demand for custom LASIK procedures.

Rising adoption of merger and acquisition strategies by market players is expected to drive the market growth over the forecast period. For instance, in October 2019, SightMD announced the partnership with Westchester Eye Associates. The partnership is expected to help SightMD expand its presence in the Westchester County, U.S. Moreover, the collaboration has helped Westchester Eye Associates expand the company’s offerings in the areas of cataract, glaucoma, LASIK, oculoplastic and pediatric care.

Key players in the market are focused on product approvals and launches to enhance their portfolio, which is expected to propel the market growth over the forecast period. For instance, in June 2018, Johnson & Johnson Vision, received the U.S. Food and Drug Administration (FDA) approval for iDESIGN Refractive Studio a system, which allows the surgeon to take precise measurement of the inner part of the eye for delivering customized LASIK procedure to patients

Key features of the study

• This report provides in-depth analysis of the custom LASIK surgery market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices 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 strategy adopted by key players
• It profiles key players in the global custom LASIK surgery market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include Abbott Medical Optics, Alcon Laboratories, Inc., Carl Zeiss, Inc., Bausch & Lomb, Nidek, Inc., and Technolas Perfect Vision GmbH.
• Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics.
• The global custom LASIK surgery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the custom LASIK surgery market

Market Segmentation

• By Procedure
  • Wavefront Guided
  • Wavefront Optimized
  • Topography
• By Therapeutic Applications
  • Myopia
  • Hyperopia
  • Astigmatism
  • Others
• By Regional Insights
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Alcon Laboratories, Inc.
  • Bausch & Lomb
  • Carl Zeiss, Inc.
  • Abbott Medical Optics
  • Nidek, Inc.
  • Technolas Perfect Vision GmbH.