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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
LASIK Surgery Market size was valued at US$ 3.4 billion in 2023 and is poised to grow at a CAGR of 7.1% from 2024-2030. The Lasik or laser-assisted in-situ keratomileusis is the most commonly performed laser refractive eye surgery to treat myopia (nearsightedness), astigmatism, and hyperopia (farsightedness). This LASIK procedure is done for reshaping the cornea and enabling light entering the eye to be properly focused on the retina for a clear vision. In a majority of cases LASIK surgery is a painless procedure and completed within 15 minutes for both eyes and the recovery period is as little as 24 hours. The LASIK procedure helps the sighted people free from the lenses, however, it may not completely restore the sight, and may request to use corrective lenses to perform some critical tasks.
Global LASIK surgery market is composed of many market players and a majority of the market is dominated by some strong players. Companies in LASIK surgery market are engaged in mergers, acquisitions, and collaborations to increase their product portfolio in the market and strengthen their market position. For instance, In September 2016, Johnson & Johnson Inc. entered into a definitive agreement to acquire Abbot Medical Optics of Abbot Laboratories to strengthen their product portfolio in ophthalmic products. This acquisition includes Abbot Medical Ophthalmics advanced laser vision technology designed to surgeon productivity and corrects the sightedness and astigmatism. Furthermore, companies also focusing on the new product developments, advancing the existing technologies to diversify their products and grab the market share.
Study Period
2024-2030Base Year
2023CAGR
7.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
LASIK Surgery Market is mainly driven by the growing adaptation LASIK procedure worldwide to treat myopia and hyperopia. In addition, growth rates of a geriatric population who are more susceptible to sight problems and technological advancements expected to boost the LASIK surgery market over the forecast period. Furthermore, increase in government support and hospital and company partnership may drive the LASIK surgery market over the forecast period. However, lack of skilled professionals, minimal awareness about the LASIK surgery in developed and developing regions may hinder the market growth. Moreover, LASIK Surgery may not correct the complete sight and availability of other refractory procedures to act as restraints for the LASIK surgery market over the forecast period.
Geographically, LASIK Surgery market is segmented into Latin America, Europe, Asia- Pacific, North America, and the Middle East & Africa. North America expected to grow at notable rates owing to the factors such as the presence of the dominant industry players, developed healthcare infrastructure and rise in awareness and adaptation of LASIK surgery for the treatment of sightedness and astigmatism. Asia Pacific, Middle East and Africa region expected to grow at notable rates owing to developing healthcare infrastructure and rise in awareness related to LASIK surgery. Furthermore, countries such as India and China projecting lucrative growth opportunities owing to rapidly developing healthcare infrastructure and expansion of the multinational companies into these regions.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 3.4 billion |
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Market CAGR |
7.1% |
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By Technology |
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By End User |
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The lasik surgery market size was valued at US$ 3.4 billion in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Nidek, Inc. (U.S.) Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.) Novartis AG (Alcon Laboratories, Inc.) (Switzerland) Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Surgical, Inc.) (Canada) Carl Zeiss, Inc. (Germany) Lasersight Technologies, Inc. (U.S)
| 1.Executive Summary |
| 2.Global Lasik Surgery Market Introduction |
| 2.1.Global Lasik Surgery Market - Taxonomy |
| 2.2.Global Lasik Surgery Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Lasik Surgery Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Lasik Surgery Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Lasik Surgery Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Wavefront-Guided LASIK |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Wavefront-Optimized LASIK |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Topography Assisted LASIK |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. All Laser |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Lasik Surgery Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Hospitals |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Eye Clinics |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ambulatory Surgical Centers |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Lasik Surgery Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Lasik Surgery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Wavefront-Guided LASIK |
| 8.1.2.Wavefront-Optimized LASIK |
| 8.1.3.Topography Assisted LASIK |
| 8.1.4.All Laser |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Hospitals |
| 8.2.2.Eye Clinics |
| 8.2.3.Ambulatory Surgical Centers |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Lasik Surgery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Wavefront-Guided LASIK |
| 9.1.2.Wavefront-Optimized LASIK |
| 9.1.3.Topography Assisted LASIK |
| 9.1.4.All Laser |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hospitals |
| 9.2.2.Eye Clinics |
| 9.2.3.Ambulatory Surgical Centers |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 9.3.7. |
| 10.Asia Pacific (APAC) Lasik Surgery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Wavefront-Guided LASIK |
| 10.1.2.Wavefront-Optimized LASIK |
| 10.1.3.Topography Assisted LASIK |
| 10.1.4.All Laser |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hospitals |
| 10.2.2.Eye Clinics |
| 10.2.3.Ambulatory Surgical Centers |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Lasik Surgery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Wavefront-Guided LASIK |
| 11.1.2.Wavefront-Optimized LASIK |
| 11.1.3.Topography Assisted LASIK |
| 11.1.4.All Laser |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hospitals |
| 11.2.2.Eye Clinics |
| 11.2.3.Ambulatory Surgical Centers |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Lasik Surgery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Wavefront-Guided LASIK |
| 12.1.2.Wavefront-Optimized LASIK |
| 12.1.3.Topography Assisted LASIK |
| 12.1.4.All Laser |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hospitals |
| 12.2.2.Eye Clinics |
| 12.2.3.Ambulatory Surgical Centers |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Nidek, Inc. (U.S.) |
| 13.2.2.Abbott Laboratories (AMO Manufacturing USA LLC) (U.S.) |
| 13.2.3.Novartis AG (Alcon Laboratories, Inc.) (Switzerland) |
| 13.2.4.Valeant Pharmaceuticals International, Inc. (Canada) |
| 13.2.5.Carl Zeiss, Inc. (Germany) |
| 13.2.6.Lasersight Technologies, Inc. (U.S) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.