LASIK eye surgery market outlook
The global LASIK eye surgery market is estimated to exhibit a robust CAGR of over 6.5% during the forecasted period. LASIK refers to a type of corrective eye surgery used to treat astigmatism, nearsightedness, and farsightedness. LASIK surgery has gained popularity around the world because it provides a permanent alternative to wearing contact lenses or glasses.
The global LASIK eye surgery market has witnessed a huge development owing to the growing number of ophthalmic patients. In addition, factors such as increasing healthcare expenditures, technological advancements, increasing number of eye care centers, increasing government support and increasing demand for minimally invasive surgical procedures are also expected to boost the market growth in the coming years. On the other hand, the rising cost of ophthalmic devices and the danger associated with eye procedures might impact the market growth in the coming years.
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Segmentation of the LASIK eye surgery market
The global LASIK eye surgery market has been categorized into segments based on end users, vision errors, types, and regions.
Based on application, the global LASIK eye surgery market is divided into guided, wavefront-guided, wavefront-optimized, and all-laser topography.
Based on end users, the global LASIK eye surgery market is divided into LASIK facilities, eye care clinics, hospitals, and others.
Regional Analysis of the LASIK Eye Surgery Market
The global LASIK eye surgery market is studied in five major regions including North America, South America, Europe, Asia-Pacific, Middle East & Africa.
According to the research report by MRFR, the North American region is expected to take the leading position in the global LASIK eye surgery market during the forecast period. The growth of the regional market is attributed to factors such as attention from large companies, increase in R&D efforts, increase in government support for research and development, increase in healthcare expenditure, a population growing affected by visual problems and well-developed technology in the region. Key leaders in the region are focused on expanding into developing countries such as China and India.
The European regional LASIK eye surgery market is estimated to hold the second position globally during the valuation era. The growth of the market is attributed to the availability of funds for research and government support for research and development. Growth in healthcare expenditure is another crucial aspect driving the growth of the regional market.
The Asia Pacific LASIK eye surgery market is expected to witness the fastest growth over the forecasted period. The growth of the regional market is attributed to the high healthcare expenditures, large patient population, and rapid improvement in healthcare technologies. Additionally, rising demand for new treatment approaches in countries like China and India is expected to drive the growth of the regional market.
The Middle East and Africa region is expected to experience the lowest growth during the forecast period due to insufficient access to treatment and insufficient knowledge of the diseases.
LASIK Eye Surgery Market Competitive Analysis
The global LASIK eye surgery market has a robust competitive landscape. The market players are focusing on growing their footprint in the global market and hence are implementing several growth policies. With the growing demand for technologically advanced treatments, product launch has become the latest trend in the global market. The global LASIK eye surgery market has prominent players such as Nidek Inc. (Japan), Carl Zeiss, Inc. (Germany), AMO Manufacturing USA, LLC (United States), Abbott Inc. (United States ), LaserSight Technologies, Inc. (USA), Bausch & Lomb Incorporated (USA), Alcon Laboratories Inc. (USA) and many others.
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one of the world’s leading providers of vision correction services, EuroEyes International Eye Clinic Limited, is pleased to announce that a wholly owned subsidiary of the company, EuroEyes UK, has entered into a share purchase agreement for the acquisition of all of the issued shares of London Vision Clinic Partners Limited with the legal owners and beneficiaries of LoVC.
The Beekman Group has happily announced that a subsidiary of Beekman Investment Partners IV has partnered with Total Eye Care and Campus Eye Group of Hamilton, mutually endorsed by the new Campus Eye Group Management Holdings, LLC.
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