Global LASIK Surgery Market 2017-2021

  • Published: Aug 2017
  • Pages: 80
  • SKU: IRTNTR13846
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This industry research report identifies Carl Zeiss, Johnson & Johnson, Nidek, Novartis, and Valeant Pharmaceuticals International as the key vendors in the global LASIK surgery market. This industry research report also presents a competitive analysis of the market by technology (wavefront guided, wavefront-optimized, and topography LASIK), by end user (hospitals, ophthalmic clinics, and ASCs), and by geography (the Americas, APAC, and EMEA).

LASIK surgery market forecast

This market research study identifies the increasing awareness about LASIK surgery as one of the primary growth factors for the LASIK surgery market. LASIK surgeries have a faster recovery time and higher precision and can correct a wider range of eye prescriptions. The patient's vision is corrected almost immediately after the procedure and most patients do not require corrective eyewear. The LASIK procedure has high precision and removes significantly fewer eye tissues as compared to the standard laser. Many organizations and eye clinics are spreading awareness about undergoing LASIK vision correction surgery and the success rate. According to the LASIK surgery market analysis, this market will grow steadily at a CAGR of almost 6% by 2021.

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LASIK surgery market worth based on trend

The recent years witnessed a steady increase in the number of physician-owned eye surgery clinics. In addition to more revenue, this helps physicians exert increased control over their surgical practices in their own clinics such as scheduling the procedures more conveniently, assembling teams of high caliber, and ensuring the use of equipment and supplies best suited to the specific needs of their techniques. This will further increase the number of physician-owned eye surgery clinics and according to this market research study, this will be one of the key trends which will increase the LASIK surgery market value.

LASIK surgery market opportunity assessment for key vendors

The LASIK surgery market is highly concentrated with the presence of a few key players who account for the majority of the market shares. The key players compete based on factors such as technological advances, strategic M&A and partnerships, R&D, and pricing. The vendors are increasingly engaging in M&A and are also increasing their R&D investments to strengthen their market positions and expand their product portfolios. Additionally, they are also launching new and innovative technologies to attain a competitive advantage in the market.

The leading vendors in the LASIK surgery market

  • Carl Zeiss
  • Johnson & Johnson
  • Nidek
  • Novartis
  • Valeant Pharmaceuticals International

LASIK surgery market value based on technology 

  • Wavefront guided LASIK 
  • Wavefront-optimized LASIK
  • Topography LASIK

Wavefront guided LASIK is an advanced technology that uses all the optical aberrations of the eye to correct vision and measure and treat high-order aberrations. This LASIK technique uses a sophisticated computer-controlled laser that gives better results when compared to the standard laser.

LASIK surgery market forecast based on end-users

Hospitals are increasingly offering minimally invasive (MI) procedures such as LASIK surgery that is highly profitable for the hospitals and they have access to specialized surgeons and technologically advanced equipment. Factors such as the entry of several private hospitals, the availability of specialized LASIK treatment packages, and the increasing incidence of refractive disorders, will contribute to the growth of the market in this end-user segment.

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Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global LASIK surgery market?
  • What are the key market trends impacting the growth of the global LASIK surgery market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global LASIK surgery market?
  • What are the market opportunities and threats faced by the vendors in the global LASIK surgery market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global LASIK surgery market?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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