Tag Archives: Personalized LASIK Surgery Market

Personalized LASIK Surgery Market is expanding at a CAGR of 5.60% from 2016 to 2024

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.

Personalized LASIK Surgery Market: North America to Lead Global Personalized LASIK Surgery 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.

Personalized LASIK Surgery Market: Technological Advancements, Evolving Industry Trends and Insights 2016 – 2024

Laser-assisted in situ keratomileusis, commonly referred to as LASIK, is a laser eye surgery or laser vision-correction. It is a type of refractive surgery performed by an ophthalmologist for the correction of mainly three disorders: short-sightedness (myopia), far-sightedness (hyperopia), and astigmatism. Personalized LASIK, also known as custom LASIK, is a precise and more specific procedure that facilitates a surgeon to focus on quality as well as quantity of vision. Unlike the conventional LASIK procedure, custom LASIK involves utilization of advanced wavefront technology, wherein the unique characteristics of an eye can be evaluated.

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Personalized LASIK Surgery Market Trends & Industry Forecast by 2016 – 2024

Laser-assisted in situ keratomileusis, commonly referred to as LASIK, is a laser eye surgery or laser vision-correction. It is a type of refractive surgery performed by an ophthalmologist for the correction of mainly three disorders: short-sightedness (myopia), far-sightedness (hyperopia), and astigmatism. Personalized LASIK, also known as custom LASIK, is a precise and more specific procedure that facilitates a surgeon to focus on quality as well as quantity of vision. Unlike the conventional LASIK procedure, custom LASIK involves utilization of advanced wavefront technology, wherein the unique characteristics of an eye can be evaluated.

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