Global LASIK Eye Surgery Market Insights Forecasts to 2033

• The Global LASIK Eye Surgery Market Size was Valued at USD 2.3 Billion in 2023
• The Market Size is Growing at a CAGR of 5.12% from 2023 to 2033
• The Worldwide LASIK Eye Surgery Market Size is Expected to Reach USD 3.79 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global LASIK Eye Surgery Market Size is Anticipated to Exceed USD 3.79 Billion by 2033, Growing at a CAGR of 5.12% from 2023 to 2033.

Market Overview

LASIK eye surgery, often known as laser eye surgery or laser vision correction, is a refractive procedure used to treat astigmatism, hyperopia, and myopia. Laser-assisted in situ keratomileusis, or LASIK, is a technique that uses a laser beam to permanently reshape the cornea. Surgery for vision correction comes in different forms: wavefront-optimized, wavefront-guided, and topography-guided. A clearer vision is achieved through wavefront optimization, which corrects lower-order aberrations. Wavefront-guided therapy adapts to each patient's specific corneal topography. Topography guides use meticulous corneal mapping to accomplish accurate adjustments. More accurate results are achieved by combining the use of lasers for both vision correction and flap generation in the all-laser market. Every kind has unique advantages and meets particular patient requirements. These procedures are effectively completed with the aid of LASIK eye surgery equipment. Teenagers and millennials are increasingly experiencing eye problems as a result of poor eating habits and prolonged screen use. Age-related macular degeneration, cataracts, trachoma, diabetes, glaucoma, and corneal opacity are among the common conditions that cause visual impairments in the elderly. The LASIK eye surgery industry is growing due to a number of factors, such as the increasing number of people with eye conditions, rising healthcare costs, growing demand for minimally invasive surgical procedures, the expansion of eye care centers that offer customized LASIK technology, increased public awareness of the efficacy and safety of technological advancements, and increased government funding.

Report Coverage

This research report categorizes the market for the global LASIK eye surgery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global LASIK eye surgery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global LASIK eye surgery market.

Driving Factors

Patients can consult with LASIK professionals remotely by using telemedicine platforms, which eliminates the need for in-person appointments and facilitates preoperative examinations and postoperative treatment. Through this collaboration, more patients will have access to professional eye care as LASIK treatments are brought to underserved areas. Additionally, telemedicine expedites the consultation process, cutting down on wait times and raising patient satisfaction levels all around. The efficiency, quality, and accessibility of LASIK services are improved by integration with telemedicine, which propels market expansion. Those with active lifestyles, professionals, and athletes prefer LASIK for its ease, confidence-boosting effects, and improved performance. For individuals who lead active lifestyles, the procedure's short recovery period and durable outcomes make it a desirable choice. The freedom from corrective eyewear that comes with LASIK allows people to pursue their daily hobbies and passions without hindrance from covered-up vision. These factors drive the growth of the global LASIK eye surgery market.

Restraining Factors

The excessive expense of LASIK surgery prevents many from having sufficient funds or insurance coverage. Access to LASIK procedures is restricted by this financial barrier, especially for individuals in lower-income categories or in areas with inadequate healthcare facilities. Cost considerations thereby limit the pool of possible patients for LASIK providers, impeding market expansion. Alternatives to corneal reshaping surgery for vision correction include implanted lenses, orthokeratology, and phakic intraocular lenses. These methods provide competitive remedies for refractive problems. In order to satisfy patients with particular preferences or contraindications, procedures like PRK (photorefractive keratectomy) and SMILE (small incision lunge extraction) offer alternatives to LASIK. A wider range of options may encourage some candidates for LASIK surgery to consider other therapies, which would decrease the market share and growth potential of LASIK surgery providers. These factors restrain the growth of the global LASIK eye surgery market.

Market Segmentation

The global LASIK eye surgery market share is classified into type and end-user.

• The wavefront optimized segment is anticipated to hold the largest share of the global LASIK eye surgery market during the forecast period.    

On the basis of the type, the global LASIK eye surgery market is divided into wavefront optimized, wavefront-guided, topography-guided, and all laser. Among these, the wavefront optimized segment is anticipated to hold the largest share of the global LASIK eye surgery market during the forecast period. The growth of the market can be allocated to improvements in areas, like higher-order aberrations (HOAs), inevitable, and visual acuity. Wavefront-tailored therapies can safely and effectively correct myopia in both astigmatic and non-astigmatic eyes. Consequently, this is thought to be the main factor propelling the sector's growth. These therapies can successfully and safely cure myopia in both eyes, either with or without distortion.

• The LASIK eye centers segment is anticipated to hold the largest share of the global LASIK eye surgery market during the forecast period.    

On the basis of the end-user, the global LASIK eye surgery market is divided into LASIK eye centers, hospitals, ambulatory surgical centers, and others. Among these, the LASIK eye centers segment is anticipated to hold the largest share of the global LASIK eye surgery market during the forecast period. The development of LASIK infrastructure globally has contributed to the growth of the market. The growing number of individuals with eye disorders and the rising demand for less-invasive processes are the factors that drive the growth of the LASIK eye surgery market.

Regional Segment Analysis of the Global LASIK Eye Surgery Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global LASIK eye surgery market over the predicted timeframe.

North America is anticipated to hold the largest share of the global LASIK eye surgery market over the predicted timeframe. The strong healthcare facilities of North America provide a solid foundation for carrying out advanced eye care services. This region has a remarkable presence of key companies in the market, contributing to the availability and accessibility of LASIK techniques. Furthermore, the growing cases of eye disorders and diseases in North America enhance the increasing demand for such surgical interference. In addition to increased government funding for research and development, increased healthcare spending, a growing population affected by eye problems, and advanced technology, the North America’s LASIK Eye Surgery market will dominate this one. Increased R&D efforts and the predominance of large companies in this industry will further contribute to the growth of the market in this area.

Asia-Pacific is anticipated to grow at the fastest rate in the global LASIK eye surgery market over the predicted timeframe. This is because there are numerous numbers of patients, medical technology is developing rapidly, and high healthcare costs will accelerate market growth overall. Furthermore, the market share for LASIK eye surgery is dominated by China, and throughout the forecast period, the Asia-Pacific region's LASIK eye surgery market is anticipated to rise and expand gradually in India. Additionally, the growth of the market is propelled by various factors, such as government inventiveness focused on increasing awareness regarding healthcare, a surge in medical tourism, and rising research attempts. In addition, the area further benefits from a large population base, a large number of undiscovered markets, and a growing need for top-notch healthcare services. Due to these factors, Asia-Pacific is positioned to be a major player in the global healthcare market with enormous growth and development potential. These factors drive the growth of the global LASIK eye surgery market over the predicted timeframe.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global LASIK eye surgery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Johnson & Johnson Private Limited
• NIDEK CO., LTD
• Alcon Inc.
• Bausch+Lomb Incorporated
• TECHNOLAS PERFECT VISION GMBH
• Abbott
• Carl ZEISS AG
• Ziemer Ophthalmic Systems
• LaserSight Technologies, Inc
• SCHWIND eye-tech-solutions
• AMO Manufacturing
• Novartis
• LCA Vision Inc.
• Restivo Laser Vision
• Smart Vision Eye Specialities Pvt. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2021, Nielsen Eye Center joined the Eye Health Association of America in August 2021. This investment has upgraded the uniformity of Eye Health of America’s patient care in the Tampa Bay Area.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global LASIK eye surgery market based on the below-mentioned segments: 

Global LASIK Eye Surgery Market, By Type

• Wavefront Optimized
• Wavefront-Guided
• Topography-Guided
• All Laser

Global LASIK Eye Surgery Market, By End-User

• LASIK Eye Centers
• Hospitals
• Ambulatory Surgical Centers
• Others

Global LASIK Eye Surgery Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa