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LASIK Laser System Market

Category: Healthcare

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The global LASIK laser system market size was valued at USD 1.6 billion in 2021 and is projected to reach around USD 2 billion in 2030 exhibiting a CAGR of 5.0% in the forecasted period. The rising demand for laser eye surgeries and growing awareness about efficiency & safety, and technological developments are anticipated to boost the market growth. On the other hand, the growing cost of ophthalmic devices and risk related to eye surgeries are the restraining factors limiting the growth.

Attribute	Key Insights
Estimated Market Value (2021)	1.6 USD Billion
Forecasted Market Value (2028)	2.0 Billion
CAGR % 2023-2028	5.0%
Leading Region	North America

Since laser eye surgery is a practical form of vision correction, more and more people are influenced of its profits. As a result, they choose the permanence and suitability of laser surgery as an alternative of using glasses or contact lenses. Resulting in making LASIK laser eye surgery the most popular form of laser eye surgery worldwide, and for a good reason. When related with alternative forms of laser eye surgery like LASEK, it has faster recovery time, greater precision, and the option of correcting a more complete range of eye prescriptions. Furthermore, it is a safe, efficient treatment with very low risk and can be carried out fast with little to no discomfort and with a littler recovery period.

Considering the current scenario, COVID-19 has left a drastic global public health issue that has impacted almost every business. Its long-term significances are anticipated to boost the industry growth in the stated period. COVID-19 pandemic had had a negative impact on the LASIK laser system market. But, with the upliftment of numerous industries and medical practices, the market is again expected to witness positive growth.

Type Insights

Based on type, the market is segmented into spot-scanning lasers, slit-scanning lasers, wavefront-guided lasers. The wavefront-guided lasers segment is anticipated to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.

Vision Error Insights

On the basis of vision error, the market is bifurcated into myopia, hyperopia, and astigmatism. The myopia segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing number of myopia in the population across the globe.

End User Insights

On the basis of end user, the market is bifurcated into hospitals, clinics, and others. Hospitals are predicted to hold the largest market share. The factors can be attributed for the rising number of patients selecting hospitals for eye surgical procedures and an increasing number of hospitals in developing countries.

Region Insights

North American region accounted for the largest market share as there is a high rate of preference for vision corrective surgeries. Other factors boosting the market are the accessibility of advanced technologies and the high healthcare expenditure of the target population. For example, as per the 2021 report of the American Optometric Association, myopia affects closely 30% of the US population. While the precise cause of myopia is unknown, there is important evidence that many people inherit myopia, or at least the trend to develop myopia. If one or both parents are near-sighted, there is an increased chance their children will be near-sighted. Moreover, according to ARVO Annual Meeting Abstract, in June 2022, the complete prevalence of myopia was 33%, hyperopia was 29% and Astigmatism was 66% in North Canada. Moreover, as per the study by Optometry and Vision Science, in November 2021, the prevalence of myopia was 36.11%, hyperopia was 1.49% and astigmatism was 29.17% in children of Northern Mexico. Henceforth, the high prevalence of vision disorders is expected to fuel the market growth in the region.

Asia-Pacific is anticipated to have highest growth in the LASIK laser system market owing to growing number of refractive errors, surging eye care expenditure, increasing government initiatives, and growing number of eye care centers.

Key Companies Insights

To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global LASIK laser system market include:

Johnson & Johnson
Alcon Inc.
Bausch Health Companies Inc.
Carl Zeiss AG
Lasersight Technologies Inc.
Nidek Co. Ltd
Ziemer Ophthalmic Systems
Stryker
Medtronic
Other players

Some of the Recent Developments:

In May 2022, Sohana Hospital, Mohali, India, launched the first LASIK treatment to limit the use of spectacles. The Contoura Vision LASIK surgery can be accomplished in 10 minutes.
In December 2021, Eye-Q Super Speciality Eye Hospital in Surat, India, re-launched one of its most innovative LASIK machines, I Lasik, to give bladeless operations for youth who want to get rid of their spectacles.

Segments

By Type

Spot-scanning Lasers
Slit-scanning Lasers
Wavefront-guided Lasers

By Vision Error

Myopia
Hyperopia
Astigmatism

By End-User

Hospitals
Clinics
Others

By Geography

North America
- S.
- Canada
- Mexico
Europe
- K.
- Germany
- France
- Italy
- Spain
- Russia
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- ASEAN
Latin America
- Brazil
- Argentina
- Colombia
MEA
- South Africa
- Saudi Arabia
- UAE
- Egypt

Global LASIK Laser System Introduction and Market Overview
- Objectives of the Study
- Global LASIK Laser System Scope and Market Estimation
  - Global LASIK Laser System Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 – 2032)
  - Global LASIK Laser System Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 – 2032
- Market Segmentation
  - Type of Global LASIK Laser System
  - Vision Error of Global LASIK Laser System
  - End User of Global LASIK Laser System
  - Region of Global LASIK Laser System

Executive Summary
Market Factor Analysis
- Global LASIK Laser System Industry Trends under COVID-19 Outbreak
  - Global COVID-19 Status Overview
  - Influence of COVID-19 Outbreak on Global LASIK Laser System Industry Development
- Market Dynamics, By Region
  - Drivers
  - Limitations
  - Opportunities
  - Impact Analysis of Drivers and Restraints
- Ecosystem / Value Chain Analysis
  - Raw Materials / Components Suppliers
  - Manufacturers / Vendors
  - Distributors
  - Buyers / End-users
  - Forward Integration & Backward Integration of Key Stakeholders
- Global LASIK Laser System – Pricing Trends Analysis & Average Selling Prices (ASPs)
- End-User / Customer Preferences & Consumer Surveys
- Technology Roadmap & Key Innovations /Developments
- Key Mandates & Regulatory Scenario Analysis
- Patents Landscape
- Manufacturing Cost Structure Share Analysis
- Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
- Porter’s Five Forces Analysis
  - Bargaining Power of Suppliers
  - Bargaining Power of Buyers
  - Threat of Substitutes
  - Threat of New Entrants
  - Competitive Rivalry
- PEST Analysis
  - Political Factors
  - Economic Factors
  - Social Factors
  - Technological Factors
- SWOT Analysis
- Russia-Ukraine War Impacts Analysis
- ANSOFF Matrix
  - Market Penetration Strategy
  - Product Development Strategy
  - Market Development Strategy
  - Diversification Strategy
- Inflation Impacts Analysis
  - Supply Side Impacts
  - Demand Side Impacts
  - Outlook in 2023 & Beyond
- Market Investment Feasibility Analysis
- Opportunity Map Analysis
- Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
Global LASIK Laser System Estimates & Historical Trend Analysis (2019 – 2022)
Global LASIK Laser System Estimates & Forecast Trend Analysis, by Type
- Global LASIK Laser System Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2032
  - Spot-scanning Lasers
  - Slit-scanning Lasers
  - Wavefront-guided Lasers

Global LASIK Laser System Estimates & Forecast Trend Analysis, by Vision Error
- Global LASIK Laser System Revenue (US$ Mn) Estimates and Forecasts, Vision Error 2019 to 2032
  - Myopia
  - Hyperopia
  - Astigmatism

Global LASIK Laser System Estimates & Forecast Trend Analysis, by End User
- Global LASIK Laser System Revenue (US$ Mn) Estimates and Forecasts, End User 2019 to 2032
  - Hospitals
  - Labs
  - Others

Global LASIK Laser System Estimates & Forecast Trend Analysis, by Region
- Global Antibody-Drug Conjugates Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America LASIK Laser System : Estimates & Forecast Trend Analysis
- North America Antibody-Drug Conjugates Market Assessments & Key Findings
  - LASIK Laser System Introduction
  - LASIK Laser System Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Vision Error
    - By End User
    - By Country
      - The U.S.
      - Canada
      - Mexico

Europe LASIK Laser System : Estimates & Forecast Trend Analysis
- Europe LASIK Laser System Assessments & Key Findings
  - LASIK Laser System Introduction
  - LASIK Laser System Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Vision Error
    - By End User
    - By Country
      - Germany
      - K.
      - France
      - Italy
      - Spain
      - Russia
      - Rest of Europe

Asia Pacific LASIK Laser System : Estimates & Forecast Trend Analysis
- Asia Pacific Market Assessments & Key Findings
  - LASIK Laser System Introduction
  - LASIK Laser System Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Vision Error
    - By End User
    - By Country
      - China
      - Japan
      - India
      - Australia
      - South Korea
      - ASEAN
      - Rest of Asia Pacific

Middle East & Africa LASIK Laser System : Estimates & Forecast Trend Analysis
- Middle East & Africa Market Assessments & Key Findings
  - LASIK Laser System Introduction
  - LASIK Laser System Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Vision Error
    - By End User
    - By Country
      - A.E.
      - Saudi Arabia
      - Egypt
      - South Africa
      - Rest of Middle East & Africa

South America LASIK Laser System : Estimates & Forecast Trend Analysis
- South America Market Assessments & Key Findings
  - LASIK Laser System Introduction
  - LASIK Laser System Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Vision Error
    - By End User
    - By Country
      - Brazil
      - Argentina
      - Colombia
      - Rest of South America

Competition Landscape
- LASIK Laser System Competition Index, By Leading Players
- LASIK Laser System Competition White Space Analysis, By Application / End-user
- LASIK Laser System Competition Heat Map Analysis, By Products / Services / Solutions
- LASIK Laser System Competition Regional Intensity Map Analysis, By Geographies Served
- LASIK Laser System Concentration & Company Market Shares (%) Analysis, 2022
- LASIK Laser System Competition Quadrant Analysis, By Leading Players / Innovators / Emerging Players / New Entrants
Company Profiles
- Johnson & Johnson
  - Company Overview & Key Stats
  - Financial Performance & KPIs
  - Product / Service / Solutions Portfolio & Applications / End-uses
  - Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below

Alcon Inc.
Bausch Health Companies Inc.
Carl Zeiss AG
Lasersight Technologies Inc.
Nidek Co. Ltd
Ziemer Ophthalmic Systems
Stryker
Medtronic
Others

Research Methodology
- External Sources / Databases
- Internal Proprietary Database
- Primary Research
- Secondary Research
- Assumptions
- Limitations
- Report FAQs
Research Findings & Conclusion

Quick Contact

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info@markettreeresearch.com

LASIK Laser System Market

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