Rising geriatric population along with the increasing number of patients suffering from myopia, hyperopia, astigmatism and other forms of visual acuity is majorly driving the market growth. Rising adoption of optical surgeries followed by increasing awareness of LASIK treatment among the patients is fueling the market growth. Also, advantages associated with LASIK treatment such as high success rate, rapid visual recovery, painless surgery, and rescue from wearing spectacles, contact lenses are further gaining high demand from juvenile and adult population. Moreover, rising adoption of cosmetic surgery is presumed to foster the market growth in upcoming timespan.
As per the latest report added by Value Market Research, the Global LASIK Treatment Market was valued USD 1,860.0 MN (by revenue) in 2017 and is anticipated to reach USD 3,890.2 MN by 2024 with a CAGR of 11.1%.
LASERS DOMINATED THE PRODUCT TYPE SEGMENT
By product type, lasers led the segment in the year 2017 and are likely to reach USD XX.X million by 2024. Advantages of lasers are more effective treatment, better safety & flexibility and low risk of corneal abrasion are majorly driving the market growth. Also, bladeless or laser LASIK imparts better predictively and uniform thickness to the corneal flap is further pushing the segment growth.
OPHTHALMOLOGY CLINICS DOMINATED THE END-USER SEGMENT
In 2017, Ophthalmology clinics led the segment and is forecasted to reach USD XX.X million by 2024. Rising cases of patients suffering from myopia, hyperopia, astigmatism and other forms of visual acuity are driving the segment growth.
NORTH AMERICA DOMINATED THE REGIONAL MARKET
Geographically, North America led the market owing to the rising prevalence of visual acuity coupled with rising awareness regarding LASIK among the people is driving the market growth. As per the analysis, North America is projected to reach USD XX.X million by 2024. Also, established healthcare infrastructure followed by the presence of prominent players within the region is further pushing the market growth uphill.
MAJOR PLAYERS OF THE MARKET
Abbott Medical Optics Inc. (AMO), Alcon Laboratories, Inc., Bausch & Lomb, Inc., Carl Zeiss, Inc. and Nidek, Inc. are the major players of the LASIK treatment market
As per this study the Global LASIK Treatment Market was valued USD 1,860.0 MN (by revenue) in 2017 and is anticipated to reach USD 3,890.2 MN by 2024 with a CAGR of 11.1%.
LASIK (laser-assisted in-situ keratomileusis) is a surgery of the eye that is performed by using a laser, in order to treat a disorder like near-sightedness, far-sightedness, and astigmatism. This refractive surgery procedure is performed to reshape the cornea and improve the focus of the light on the retina and it also reduces the need for glasses and contact lenses. LASIK surgery procedure is carried out by slowly peeling off the corneal tissue flap and surgically transforming the cornea as required to reduce far-sightedness or near-sightedness.
Growing geriatric population base is expected to positively impact the LASIK treatment market. Moreover, rise in demand for laser eye surgeries and rise in awareness about LASIK in populace drive the market growth. Furthermore, the surge in the incidence of myopia, hyperopia, and astigmatism boost the LASIK treatment market. Additionally, growing adoption rate of cosmetic surgeries across increasing young generation which in turn will definitely provide growth opportunity to the market. However, strict government regulations towards LASIK treatment, insufficient reimbursement policies, and high costs associated with the LASIK procedure are likely to act as restraint the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of LASIK treatment.
The broad LASIK treatment market has been sub-grouped into product type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type Market Share 2017
By Product Type
- Surgical Blades
- Eye Holders And Suction Rings
- Ophthalmology Clinics
- Ambulatory Surgical Centers
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for LASIK treatment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
North America LASIK Treatment Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the LASIK treatment market include Abbott Medical Optics Inc. (AMO), Alcon Laboratories, Inc., Bausch & Lomb, Inc., Carl Zeiss, Inc., and Nidek, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To LASIK Treatment
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global LASIK Treatment Market: Snapshot
4. LASIK TREATMENT MARKET ANALYSIS BY PRODUCT TYPE
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. LASIK TREATMENT MARKET ANALYSIS BY END-USER
- Market In Lasers
- Market In Surgical Blades
- Market In Anesthetics
- Market In Eye Holders And Suction Rings
6. LASIK TREATMENT MARKET ANALYSIS BY GEOGRAPHY
- Market In Hospitals
- Market In Ophthalmology Clinics
- Market In Ambulatory Surgical Centers
7. COMPETITIVE LANDSCAPE OF THE LASIK TREATMENT COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE LASIK TREATMENT INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Abbott Medical Optics Inc. (AMO)
- Alcon Laboratories, Inc.
- Bausch & Lomb, Inc.
- Carl Zeiss, Inc.
- Nidek, Inc.
Table 1. Market Highlights Of LASIK Treatment
Table 2. Global LASIK Treatment Market By Product Type
Table 3. Global LASIK Treatment Market By End-User
Table 4. Global LASIK Treatment Market By Geography
Table 5. North America LASIK Treatment Market
Table 6. Europe LASIK Treatment Market
Table 7. Asia Pacific LASIK Treatment Market
Table 8. Latin America LASIK Treatment Market
Table 9. Middle East And Africa LASIK Treatment Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of LASIK Treatment Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of LASIK Treatment
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global LASIK Treatment Market By Product Type
Fig. 8. Global LASIK Treatment Market By End-User
Fig. 9. Global LASIK Treatment Market By Geography
Fig. 10. North America LASIK Treatment Market
Fig. 11. Europe LASIK Treatment Market
Fig. 12. Asia Pacific LASIK Treatment Market
Fig. 13. Latin America LASIK Treatment Market
Fig. 14. Middle East And Africa LASIK Treatment Market
Fig. 15. Market Share Of LASIK Treatment Companies
Fig. 16. Recent Developments In LASIK Treatment Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.