Tag Archives: Global Personalized LASIK Surgery Market
According to a new research report by Transparency Market Research (TMR), the global market for personalized LASIK surgery is highly consolidated in nature with a limited number of players operating it. The top five participants in this market, namely, Alcon, Abbott Medical Optics, Carl Zeiss, NIDEK, and Bausch & Lomb, accounted for 87% of this market in 2015. The diverse product portfolio, rising geographic penetration, and the robust product pipelines are the key factors behind the monopoly of these players on this market.
With LASIK surgeries increasingly gaining a repute of being an advanced and highly effective treatment for vision related disorders, primarily myopia, hyperopia, astigmatism, and presbyopia, the global market for personalized LASIK surgery is demonstrating high growth in its size and valuation. In 2015, the market stood at US$1.6 bn in revenues. Increasing at a CAGR of 5.60% between 2016 and 2024, the market’s opportunity is anticipated to reach US$2.6 bn by the end of 2024. The rise in the prevalence of ocular disorders and diseases, increasing risk of infection caused by the continual usage of contact lens, and the emergence of novel ophthalmic technologies are likely to boost this market substantially over the forthcoming years.