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Laser vision correction market

Laser Vision Correction Market , by Procedure (LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction) and Others), by Type (Excimer Laser and Femtosecond Laser), By Therapeutic Application (Myopia, Hyperopia, Presbyopia, Astigmatism, Cataract, and Others), by End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

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  • Jul 2023
  • CMI3996
  • 198 Pages
  • Excel & Pdf
  • Medical Devices

The global laser vision correction market is estimated to be valued at US$ 6.5 Bn in 2023 and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030).

Analysts’ Views on Global Laser Vision Correction Market:

The rising prevalence of refractive disorders like hyperopia are expected to boost the growth of the global laser vision correction market over the forecast period. For instance, according to data published by PubMed, a free data engine for biological databases, on February 23, 2023, the prevalence of moderate hyperopia, i.e., ≥ +2 diopter at 6 and 12 years of age, was 13.2% and 5.0%, respectively, and it was more in white race individuals than in other ethnic groups in 2022 globally.

Figure 1. Global Laser Vision Correction Market Share (%), by Type, 2023

Global Laser Vision Correction Market - Driver

Increasing product and platform launches regarding laser vision correction

The increasing launch of novel platforms and medical devices is providing lucrative growth opportunities for the global laser vision correction market. For instance, in August 2022, LENSAR, Inc., a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, announced the launch of ALLY, an adaptive cataract treatment system. LENSAR, Inc. is a commercial-stage medical device company focused on designing, developing, and marketing advanced systems for the treatment of cataracts and the management of visually significant astigmatism as an integral aspect of the cataract procedure.

Increasing approvals from the U.S. Food and Drug Administration (FDA)

The increasing approvals from U.S. Food and Drug Administration (FDA)  to develop newer technologies and drug therapies can drive the growth of the global laser vision correction market. For instance, in June 2022, Johnson & Johnson Vision (a subsidiary of Johnson & Johnson) announced FDA clearance of CATALYS cOS 6.0 software in the CATALYS Precision Laser System to address needs in astigmatism management for cataract patients. The new software simplifies astigmatism management workflow and increases operational efficiency.

Figure 2. Global Laser Vision Correction Market Share (%), by Region, 2023

Global Laser Vision Correction Market - Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global laser vision correction market over the forecast period. This is due to the increasing number of merger, acquisition, and partnership scenarios in this region. For instance, in March 2022, SMS Healthcare (a part of the SMS Holdings family of companies), acquired LASERSIGHT Australia, an eye care provider, to expand its product offerings and satisfy the growing demand for elective eye surgery procedures in the U.S.

Laser Vision Correction Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 6.5 Bn
Historical Data for: 2018 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 7.9 % 2030 Value Projection: US$ 11.1 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Procedure: LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction), Others
  • By Type: Excimer Laser, Femtosecond Laser
  • By Therapeutic Application: Myopia, Hyperopia, Presbyopia, Astigmatism, Cataract, Others
  • By End user: Hospitals, Ambulatory Surgical Centers, Long Term Care Centers, Others
Companies covered:

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.
Growth Drivers:
  • Increasing product and platform launches regarding laser vision correction
  • Increasing approvals from the U.S. Food and Drug Administration (FDA)
Restraints & Challenges:
  • Warnings from the U.S. Food and Drug Administration (FDA)
  • Glare, halos, and double vision 

Global Laser Vision Correction Market - Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global laser vision correction market. This is because of the creation of a significant backlog of patients who progressed to advanced cataracts due to lack of ophthalmic care. According to an article published in PubMed, a free search engine for biological databases, 23.4% of the 1,472 patients studied in the survey delayed their cataract surgeries due to a fear of contracting COVID-19.

Global Laser Vision Correction Market Segmentation:

The global laser vision correction market report is segmented into procedure, type,  therapeutic application, end user, and region.

By procedure, the market is segmented into LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction) and others. Out of which, the LASIK segment is expected to hold a dominant position in the global laser vision correction market during the forecast period, and this is attributed to the high number of LASIK surgeries performed globally every year.

By type, the market is segmented into excimer laser and femtosecond laser. Out of which, the excimer laser segment is expected to dominate the market over the forecast period, and this is attributed to its ability to generate very fine patterns with photolithographic methods.

By therapeutic application, the market is segmented myopia, hyperopia, presbyopia, astigmatism, cataract, and others. Out of which, the myopia segment is expected to dominate the market over the forecast period, and this is attributed the high prevalence of the disorder around the world.

By end user, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. Out of which, the hospitals segment is expected to dominate the market over the forecast period, and this is attributed to the increasing hospitalizations globally to treat eye diseases and disorders.

By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which, the North America region is expected to dominate the market over the forecast period, and this is attributed the growing R&D activities in this region regarding laser vision correction.

Among all the segmentations, the procedure segment has the highest potential due to the increasing number of LASIK surgeries performed over the world every year. For instance, according to an article published in September 2022, in Review of Ophthalmology, a monthly publication for ophthalmology-related information and news, a record 832,000 LASIK surgeries were performed in 2021.

Global Laser Vision Correction Market Cross Sectional Analysis:

Among procedure, the Laser Assisted In-situ Keratomileusis (LASIK) segment is expected to dominate the Asia Pacific market over the forecast period. This is due to the growing establishment of new centers for the correction of refractive disorders. For instance, in June 2021, Jawaharlal Institute of Postgraduate Medical Education and Research (Jimper), a medical college based in India, established LASIK (Laser-assisted In-situ Keratomileusis), an operation theatre to perform advanced ophthalmic surgeries.

Global Laser Vision Correction Market: Key Developments

In March 2022, SMS Healthcare (a part of the SMS Holdings family of companies), acquired LASERSIGHT Australia, an eye care provider.

In December 2022, Vision Innovation Partners, a U.S.-based eye care platform with over 70 locations, announced that it partnered with Chosen Laser Eye Center, a company specialized in providing personalized and individualized vision care, to strengthen its  network of differentiated ophthalmology practices.

In January 2022, EuroEyes UK (a subsidiary of EuroEyes), a global vision correction service provider, acquired London Vision Clinic, a laser eye surgery clinic based in the U.K., to expand its products and service offerings.

On January 12, 2023, Sunvera Group, a company providing support services to ophthalmology practices, formed a new partnership with Zimm Cataract & Laser Center, a provider of a collection of services such as cataract surgery, LASIK vision correction, and comprehensive eye care and its affiliate, Premier Surgical Center, an ophthalmic-focused ambulatory surgery center, to establish Sunvera Group’s presence in the Pennsylvania, U.S. market and extend its network ophthalmology practices and surgery centers.

Global Laser Vision Correction Market: Key Trends

In May 2022, London Vision Clinic (a subsidiary of EuroEyes UK ), a clinic that offers laser eye surgery treatments, announced the development of a new flap-less ReLEx SMILE procedure which is a minimally-invasive laser eye surgery technique. SMILE does not require the removal of epithelium from the cornea. Instead, surgeons are able to access and draw out tissue from the corneal bed through a tiny keyhole, created using a precise laser.

The growing incidences of approvals from regulatory bodies of respective countries regarding laser vision correction are a major factor leading to the high demand for laser vision correction devices. For instance, in June 2022, LENSAR, Inc., a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, announced that the U.S. Food and Drug Administration (FDA) gave clearance for its next-generation ALLY Adaptive Cataract Treatment System. ALLY enables cataract surgeons to complete the femtosecond-laser-assisted cataract surgery procedure in a single, sterile environment.

Global Laser Vision Correction Market: Restraint

Warnings from the U.S. Food and Drug Administration (FDA)

The side effects caused by LASIK surgeries can restrain the growth of the global laser correction market. For instance, in December 2022, the U.S. Food and Drug Administration (FDA) recommended a new guidance for people considering the procedure of LASIK detailing the risks and potential complications involved like dry eyes and pain.

The FDA recommended a patient checklist that explains LASIK risks outlining the risk of complications from the surgery including permanent loss of vision, double vision, retinal detachment, dry eye, and pain.

Strict compliance with the FDA guidelines can serve as an effective counterbalance to the restraint.

Glare, halos, and double vision

A patient may have difficulty seeing at night after the surgery, which usually lasts a few days to a few weeks. They might notice increased light sensitivity, glare, and halos around bright lights or double vision. Even when a good visual result is measured under standard testing conditions, vision in dim light (such as at dusk or in fog) may be reduced to a greater degree after the surgery than before the surgery.

This can be overcome by arranging seminars, and workshops for healthcare professionals as well as for caregivers for the patients who have undergone the procedure, regarding the side effects of LASIK surgery.

Global Laser Vision Correction Market - Key Players

The major players operating in the global laser vision correction market 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.

*Definition: LASIK or Lasik, commonly referred to as laser eye surgery or laser vision correction, is a type of refractive surgery for the correction of myopia, hyperopia, and an actual cure for astigmatism, since it is in the cornea. LASIK reshapes the cornea, the clear, rounded surface of the eye, so it better focuses light that enters the eye. Laser vision correction is an alternative to eyeglasses and contact lenses that can help a person see more naturally.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Procedure
      • Market Snapshot, By Type
      • Market Snapshot, By Therapeutic Application
      • Market Snapshot, By End User
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Recent Product Launches
    • Epidemiology
    • Merger, Acquisition, and Collaborations
    • Regulatory Scenario
    • Key Developments
    • PEST Analysis
  4. Global Laser Vision Correction Market – COVID-19 Impact Analysis
    • Economic Impact
    • COVID-19 Epidemiology
    • Impact on Supply and Demand
  5. Global Laser Vision Correction Market, By Procedure, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • LASIK (Laser Assisted In-Situ Keratomileusis)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    •  PRK (Photo Refractive Keratectomy)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • SMILE (Small Incision Lenticule Extraction)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
  6. Global Laser Vision Correction Market, By Type, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Excimer Laser
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Femtosecond Laser
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
  7. Global Laser Vision Correction Market, By Therapeutic Application, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Myopia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Hyperopia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Presbyopia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Astigmatism
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Cataract
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
  8. Global Laser Vision Correction Market, By End User, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
  9. Global Laser Vision Correction Market, By Region, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018–2030
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018– 2030, (US$ Bn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018– 2030, (US$ Bn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018– 2030, (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018– 2030, (US$ Bn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Procedure, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Application, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018 - 2030, (US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018– 2030, (US$ Bn)
        • North Africa
        • Central Africa
        • South Africa
  10. Competitive Landscape
    • Johnson & Johnson Private Limited
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Alcon Management S. A.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • NIDEK CO., LTD.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Bausch Health Companies Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Carl Zeiss Meditec AG (A subsidiary of Carl Zeiss AG)
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Ziemer Ophthalmic Systems AG
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • SCHWIND eye-tech-solutions
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Coherent Corp.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
  11. Section
    • Research Methodology
    • About Us

*Browse 43 market data tables and 38 figures on “Laser Vision Correction Market” - Global forecast to 2030

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
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Procedure
        • LASIK (Laser Assisted In-Situ Keratomileusis)
        • PRK (Photo Refractive Keratectomy)
        • SMILE (Small Incision Lenticule Extraction)
        • Others
      • By Type
        • Excimer Laser
        • Femtosecond Laser
      • By Therapeutic Application
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
        • Cataract
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Long term care centers
        • Others
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the Global Laser Vision Correction Market during the forecast period (2023-2030)?

The global laser vision correction market is estimated to be valued at US$ 6.5 Bn in 2023 and is expected to exhibit a CAGR of 7.9 % between 2023 and 2030.

What are the major factors driving the market growth?

Increasing product and platform launches regarding laser vision correction and increasing approvals from the U.S. Food and Drug Administration (FDA)worldwide is expected to drive the market growth.

Which is the leading type segment in the market?

Excimer laser is the leading type segment in the market.

What are the key factors hampering the growth of the market?

Warnings from the U.S. Food and Drug Administration (FDA) and glare, halos, and double vision is expected to hinder the market over the forecast period.

Which are the major players operating in the market?

The major players operating in the market 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.
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