LASIK Eye Surgery Devices Market Report 2025

The LASIK eye surgery devices market size has grown strongly in recent years. It will grow from $2.24 billion in 2024 to $2.4 billion in 2025 at a compound annual growth rate (CAGR) of 7%. Growth during the historic period can be attributed to the rising prevalence of refractive errors, increasing demand for minimally invasive procedures, greater awareness of vision correction options, higher disposable income, the expansion of medical tourism, and the growing number of eye care clinics.

The LASIK eye surgery devices market size is expected to see strong growth in the next few years. It will grow to $3.12 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. Growth in the forecast period can be attributed to a growing aging population, increased screen time among younger individuals, rising adoption of femtosecond lasers, broader insurance coverage, expanding demand in emerging markets, and a growing preference for outpatient surgical procedures. Key trends expected during this period include the adoption of wavefront-guided technology, integration of artificial intelligence, development of personalized treatment plans, increased use of bladeless techniques, rising popularity of SMILE surgery, and a continued shift toward ambulatory surgical centers.

The rising incidence of myopia is anticipated to drive the growth of the LASIK eye surgery devices market in the coming years. Myopia, or nearsightedness, is a widespread vision condition where nearby objects are seen clearly, but distant objects appear blurry. The growing prevalence of myopia is primarily linked to increased screen time, which contributes to eye strain and elongation of the eyeball. LASIK eye surgery devices address myopia by offering precise and long-term vision correction through corneal reshaping, improving distance vision and reducing reliance on glasses or contact lenses. For example, in September 2024, the Canadian Association of Optometrists, a professional organization based in Canada, reported that myopia currently affects around 30% of the global population, with projections suggesting this could rise to 50% by 2050. As a result, the growing number of myopia cases is contributing to the expansion of the LASIK eye surgery devices market.

Leading companies in the LASIK eye surgery devices market are concentrating on innovative developments such as personalized LASIK treatments to improve surgical outcomes and gain a competitive advantage. Personalized LASIK treatments enhance accuracy by customizing the procedure based on each patient’s specific eye structure, resulting in better vision correction and fewer side effects. For instance, in April 2025, Alcon, a Switzerland-based eye care company, introduced the WaveLight Plus platform. This advanced LASIK system incorporates ray tracing technology to increase surgical precision and safety, enabling fully customized vision correction. The device includes advanced wavefront-guided ablation, real-time eye tracking, and flexible treatment settings, which allow for highly accurate corneal reshaping and support safer, more individualized vision correction procedures.

In March 2025, Alcon Inc., a Switzerland-based manufacturer of LASIK and eye surgery devices, acquired LENSAR Inc. for $0.356 billion. The acquisition is intended to bolster Alcon’s capabilities in femtosecond laser-assisted cataract surgery by incorporating LENSAR’s advanced laser technologies, such as the ALLY system and Streamline software. These technologies are expected to enhance surgical precision and help Alcon expand its leadership in the market. LENSAR Inc. is a U.S.-based medical device company specializing in next-generation femtosecond laser systems for robotic-assisted refractive and cataract surgery.

Major players in the LASIK eye surgery devices market are Alcon Inc., Bausch & Lomb Incorporated, Johnson & Johnson Vision Care Inc., Carl Zeiss Meditec AG, Trivitron Healthcare Private Limited, Ziemer Ophthalmic Systems AG, MORIA S.A., LightMed Corporation, Network Medical Products Ltd., SCHWIND eye-tech-solutions GmbH & Co. KG, Crescent Surgical & Medical Equipment, Optikon 2000 S.p.A., Fluence Technology Inc., NIDEK CO. LTD., LaserSight Technologies Inc., iVis Technologies S.r.l., Med-Logics Inc., Appasamy Associates Private Limited, Eye Medicare Incorporated, and Shaanxi Xingmao Industry Co. Ltd.

North America was the largest region in the LASIK eye surgery devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in LASIK eye surgery devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the LASIK eye surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The LASIK eye surgery devices market consists of sales of ophthalmic surgical instruments, diagnostic devices, implantable lenses, yttrium-aluminum-garnet laser systems, and diode laser systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The fast surge in U.S. tariffs and the trade tensions that followed in spring 2025 are heavily affecting the medical equipment sector, particularly for imported imaging machine components, surgical-grade stainless steel, and plastic disposables. Hospitals and clinics resist price hikes, pressuring manufacturers’ margins. Regulatory hurdles compound the problem, as tariff-related supplier changes often require re-certification of devices, delaying time-to-market. Companies are mitigating risks by dual-sourcing critical parts, expanding domestic production of commoditized items, and accelerating R&D in cost-efficient materials.

The LASIK eye surgery devices market research report is one of a series of new reports that provides LASIK eye surgery devices market statistics, including the LASIK eye surgery devices industry global market size, regional shares, competitors with the LASIK eye surgery devices market share, detailed LASIK eye surgery devices market segments, market trends, and opportunities, and any further data you may need to thrive in the LASIK eye surgery devices industry. This LASIK eye surgery devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A laser-assisted in situ keratomileusis (LASIK) eye surgery device is an advanced medical system that utilizes lasers along with sophisticated imaging or software to create a corneal flap and reshape the underlying tissue, thereby correcting refractive errors and improving visual clarity. The procedure is associated with high patient satisfaction - typically around 95% - and a low incidence of serious postoperative complications, generally below 1%.

The primary product types of LASIK eye surgery devices include excimer lasers, femtosecond lasers, microkeratomes, and others. Excimer lasers, which are ultraviolet gas lasers, are used to precisely reshape the cornea by removing microscopic layers of tissue, correcting refractive vision issues. These lasers are employed in a range of procedures such as laser-assisted in situ keratomileusis (LASIK), photorefractive keratectomy (PRK), laser-assisted sub-epithelial keratectomy (LASEK), small incision lenticule extraction (SMILE), and more. They are used to treat various conditions including myopia, hyperopia, astigmatism, and others, with end users comprising hospitals, ambulatory surgical centers, ophthalmology clinics, eye research institutes, and other healthcare facilities.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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