LASIK Eye Surgery Devices Market by Technology and Geography - Forecast and Analysis 2021-2025

“The LASIK Eye Surgery Devices Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth USD 774.01 million and CAGR of 6.48% by segment Geography & Technology during the forecast period 2020 to 2025” 

Furthermore, this report extensively covers the smart home appliances market Furthermore, this report extensively covers market segmentation by technology (wavefront-guided, wavefront-optimized, and topography-guided) and geography (North America, Europe, Asia, and ROW). The market report also offers information on several market vendors, including Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., NIDEK Co. Ltd., and Ziemer Ophthalmic Systems AG

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Parent Market Analysis

Technavio categorizes the LASIK Eye Surgery Devices Market as a part of the Health Care industry within the Health Care Equipment & Supplies industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

LASIK Eye Surgery Devices Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the LASIK eye surgery devices industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

LASIK Eye Surgery Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the LASIK eye surgery devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Who are the Major LASIK Eye Surgery Devices Market Vendors?

Alcon Inc. - The company offers LASIK surgery namely Contoura Vision. Through the Surgical segment, the company offers implantables, consumables, and equipment used in cataract, retinal, and refractive surgeries.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

• Alcon Inc.
• Bausch Health Companies Inc.
• Carl Zeiss AG
• Johnson and Johnson Inc.
• NIDEK Co. Ltd.
• Ziemer Ophthalmic Systems AG

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Which are the Key Regions for LASIK Eye Surgery Devices Market?

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32% of the market’s growth will originate from North America during the forecast period. The US is the key market for LASIK eye surgery devices in North America. Market growth in this region will be slower than the growth of the market in the Asia regions.

ROW is another major region showing market growth. The prevalence of hyperopia is relatively high in children in the Middle East, while the prevalence of myopia is higher in adults in this region. The incidence of refractive disorders in MEA, particularly in countries such as Abu Dhabi, Dubai, and South Africa, has also been increasing. In 2019, the prevalence of myopia, hyperopia, and astigmatism was 4%, 8%, and 15%, respectively, in people less than or equal to 15 years, and 30%, 21%, and 24%, respectively, in people over 15 years. Such a high prevalence of refractive disorders will increase the demand for advanced surgeries, such as LASIK surgery. Although the demand for advanced surgeries is high, factors such as poor medical infrastructure and lack of skilled professionals fail to meet the demand in the region. These factors hinder the market growth and thus account for the lowest share in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 posed a major challenge to the growth of the market in ROW in 2020. Iran, Saudi Arabia, Qatar, Egypt, Bahrain, Iraq, the UAE, Kuwait, South Africa, and Algeria are some of the countries that have been severely affected by the outbreak in MEA. As of September 28, 2021, the total number of COVID-19 cases and deaths in Iran was approximately 5.47 million and 0.12 million, respectively. Brazil, Ecuador, Chile, Peru, Argentina, and Colombia are some of the countries in South America that were severely hit by the pandemic. Various diagnostic procedures and treatments have been delayed or postponed due to the outbreak, which will affect the regional market growth during the first half of the forecast period. However, the situation is expected to improve toward the latter half of the forecast period, depending on the containment of the disease.

What are the Revenue-generating Technology Segments in the LASIK Eye Surgery Devices Market?

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The market share growth by the wavefront-guided segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this LASIK Eye Surgery Devices Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the LASIK eye surgery devices industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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