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Custom LASIK Surgery Market Explores The Future And Immense Growth By 2024

The global custom LASIK surgery market size was valued at US$ 1,537.6 million in 2016 and is expected to expand at a CAGR of 9.7% during 2016 – 2024.
Custom LASIK Surgery Market Size, Share,
Trend, Outlook, Future Analysis And
Synthesis By 2024
LASIK surgery is a highly effective method to correct vision and is especially useful in treatment of
various refractive disorders such as myopia, hyperopia, and astigmatism. In the U.S. alone, over 34
million patients are suffering from myopia according to the American Academy of Ophthalmology 2016
estimates. Moreover, around 150 million people in the U.S. wear corrective eyeglasses. Custom LASIK
surgery market revenue is expected to witness upward trajectory growth, owing to increase in demand
for effective therapeutic treatment for disorders related to the eyes.
The global custom LASIK surgery market size was valued at US$ 1,537.6 million in 2016 and is expected
to expand at a CAGR of 9.7% during 2016 – 2024.
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Multinational players need to tap into potential addressable market in emerging economies
Product portfolio expansion and partnerships with local players are key custom LASIK surgery market
trends, which are expected to shape the industry in the near future. Moreover, companies are focusing
on receiving regulatory approval for their products to differentiate their product offerings. For instance,
Abbott received FDA approval for iDesign Advanced WaveScan Studio in 2015. Major players in the
global custom LASIK surgery market include Alcon Laboratories, Inc., Bausch & Lomb, Carl Zeiss, Inc.,
Abbott Medical Optics, Nidek, Inc., and Technolas Perfect Vision GmbH.
Wavefront guided has emerged as the highest revenue contributor among procedure segments
Wavefront guided procedure segment is expected to dominate the custom LASIK surgery market
procedure throughout the forecast period. The segment has been estimated to account for 45.8%
share of the global custom LASIK surgery market revenue in 2016. This procedure involves
detailed wavefront generated measurements of light traversing through the eyes. The procedure
helps in offering personalized treatment to patients based on the unique anatomy of the
patient’s eye. It is highly precise and more specific compared to conventional LASIK surgery.
Report includes chapters which deeply display the following deliverable about industry :
• Custom LASIK Surgery Market Research Objective and Assumption
• Custom LASIK Surgery Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Custom LASIK Surgery Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Custom LASIK Surgery Market, By Regions
• Custom LASIK Surgery Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Custom LASIK Surgery Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Custom LASIK Surgery Market Manufacturing Cost Analysis including Key Raw Materials and
Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Custom LASIK Surgery Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Rapid increase in demand for custom LASIK surgery procedure in the emerging economies to boost
market growth
North America, followed by Europe accounted for major share of global custom LASIK surgery market
revenue in 2016. These two regions are together estimated to account for 65.1% of overall market
revenue. However, the market for LASIK surgery procedure in Asia Pacific is projected to surpass that in
in Europe by 2019. The primary factor for market growth in Asia Pacific is increased installations of
LASIK systems in eye-care facilities in Japan. Japan is projected to account for 51% share of the custom
Asia Pacific LASIK surgery market in 2017. Increasing patient awareness, high disposable income and
improvement in the healthcare infrastructure has resulted in rise in number of LASIK surgeries and in
turn, is resulting in growth of the custom LASIK surgery market in the country.
Detailed Segmentation:
Global Custom LASIK Surgery Market, By Procedure:
- Wavefront Guided
- Wavefront Optimized
- Topography
Global Custom LASIK Surgery Market, By Therapeutic Applications:
- Myopia
- Hyperopia
- Astigmatism
- Others
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About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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