Laser Vision Correction Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Laser vision correction surgery is performed to correct refractive errors, improve vision, and reduce or eliminate the need for glasses or contact lenses.

Laser vision correction surgery is performed on patients suffering from myopia, hyperopia, astigmatism, or cataract. There are different types of laser vision correction surgeries recommended to patients according to their eye condition. Some of the major types of laser eye surgeries are LASIK, PRK, SMILE, and surface laser treatments.

Market Dynamics

The rising prevalence of refractive disorders are expected to create lucrative growth opportunities for the laser vision correction market during the forecast period. Changing lifestyle has led to weak immunity and increasing susceptibility to various health problems. Eye related diseases have also increased in the recent past. For instance, according to the National Eye Institute (NEI) 2019, cataracts affected 24.4 million Americans in the age group of 40 years or older. Additionally, around half of all Americans in the age group of 75 years and older have suffered from cataracts.

Furthermore, the rising prevalence of myopia, hyperopia, astigmatism, and other conditions is expected to drive the laser vision correction market growth during the forecast period. For instance, according to the Brien Holden Vision Institute’s estimations published in the World Health Organization Report 2015, 52% of the global population will be suffering from high myopia in 2050.

Key features of the study:

• This report provides in-depth analysis of the global laser vision correction market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2020-2027, considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
• It profiles key players in the global laser vision correction market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• Key players covered as a part of this study are Johnson & Johnson., Alcon Laboratories, Inc., Nidek co., Ltd., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Ziemer Group AG, Schwind Eye-tech-solutions, and Coherent Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, government initiatives, technological upgradation, market expansion, and marketing tactics
• The global laser vision correction market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for laser vision correction market, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:

Global Laser Vision Correction Market, By Procedure:

• LASIK (Laser Assisted In-Situ Keratomileusis)
• PRK (Photo Refractive Keratectomy)
• SMILE (Small Incision Lenticule Extraction)
• Others

Global Laser Vision Correction Market, By Type:

• Excimer Laser
• Femtosecond Laser

Global Laser Vision Correction Market, By Therapeutic Application:

• Myopia
• Hyperopia
• Presbyopia
• Astigmatism
• Cataract
• Others

Global Laser Vision Correction Market, By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

Global Laser Vision Correction Market, By Region:

• North America
• By Country
• U.S.
• Canada
• Latin America
• By Country
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• By Country
• GCC
• Israel
• Rest of Middle East
• Africa
• By Country/Region
• South Africa
• Central Africa
• North Africa

Company Profiles

• Johnson & Johnson*
• Company Overview
• Product Portfolio
• Financial Performance
• Recent Highlights
• Strategies
• Alcon Laboratories, Inc.
• Nidek co., Ltd.
• Bausch Health Companies Inc.
• Carl Zeiss Meditec AG
• Ziemer Group AG
• Schwind Eye-tech-solutions
• Coherent Inc.

“*” marked represents similar segmentation in other categories in the respective section.