Increasing burden of ophthalmic disorders and technological developments in LASIK procedures to boost the growth of global Custom LASIK Surgery Market

 

The Custom LASIK Surgery Market is Segmented by Type (Wavefront LASIK, Topography guided LASIK, and Other Types), Indication (Myopia, Hypermetropia, Presbyopia, and Other Indications), End User (Hospitals, Ambulatory Surgical Centers, and Others) – and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

The global Custom LASIK Surgery Market is estimated to be valued at US$ 3.69 billion in 2022 and is expected to exhibit a CAGR of 12.9 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Custom LASIK Surgery Market includes computing the eye from back and forth with a specific laser, with the help of wavefront technique, to make a three-dimensional picture of the optic. The data presented in the wavefront-map directs the laser in personalizing the therapy of the individual visual method.

Competitive Landscape:

Major players involved in the global Custom LASIK Surgery Market are Carl Zeiss, Inc., Bausch & Lomb, Technolas Perfect Vision GmbH, Alcon Laboratories, Inc., and Abbott Medical Optics, Nidek, Inc.

Market Key Drivers:

Increasing burden of ophthalmic disorders and technological developments in LASIK procedures are expected to augment the growth of global Custom LASIK Surgery Market. For instance, as per WHO, October 2022 around 2.2 billion people suffered from myopia and hypermetropia across the globe.

The rising awareness and adoption of LASIK surgery is projected to propel the growth of global Custom LASIK Surgery Market. For instance, as per Healio, in October 2021, because of eye tracking, cyclorotation compensation, and active centration maintenance in topo-guided LASIK technique, better visual performance compared to SMILE was observed over persistent sequel. 

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Custom LASIK Surgery Market. The surge in pandemic cases has shifted the provider’s focus towards curing the Covid-19 patients. The rise in cases led to the delay in treatment of other disorders. The halt in appointments and increasing lockdown policies have impede the market growth.

 

Key Takeaways:

The global Custom Custom LASIK Surgery Market is anticipated to exhibit a CAGR of 12.9 % during the forecast period owing to the increasing approvals by the regulatory and the quick product launches by the key players. For instance, in November 2021 as per National Library of Medicine, there were various lasers granted by the US FDA for usage in LASIK surgeries.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global Custom LASIK Surgery Market due to increasing number of eye diseases, increasing healthcare infrastructure and technological developments. For instance, ARVO Annual Meeting Abstract in June 2022, around 33% of the U.S population suffers from myopia.