Worldwide LASIK Eye Surgery Industry – Competitive Landscape:
The market of LASIK Eye Surgery appears to be fiercely competitive & fragmented owing to the presence of numerous matured & small key players accounting for a substantial market share. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. They invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition. Globally the market for LASIK eye surgery is increasing rapidly. Laser-Assisted In Situ Keratomileusis (LASIK) is the most common type of refractive surgery to treat vision problem such as myopia, hyperopia, and astigmatism. The occurrence of vision problem around the globe are increasing rapidly at an alarming rate.
According to a report published by the World Health Organization (WHO), in 2015, around 285 million people in the world have vision impairment and report indicate that myopia affects 1.89 billion people worldwide, and, if the prevalence of occurring myopia does not change, it will affect 2.56 billion people by 2020. The factors that affect the vision are intensive near work, changes in environmental factors especially nowadays most of us have lifestyle where we do focus more into study and spent less time outdoors. It is observed that by doing so we run the risk of suffering from vision problem.
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LASIK Eye Surgery Market – Synopsis:
LASIK Eye Surgery also known as Myopia has gained a lot of recognition over the last few years owing to the ample benefits it offers along with the guaranteed success rate of almost 96%. Besides, this surgery promises chances to get rid of spectacles and contact lenses for life. Which is why many are opting to undergo this surgery to get their eye sight rectified? Resultantly, the market for LASIK Eye Surgery is garnering exponential traction on the global platform.
Global Market for LASIK Eye Surgery – Competitive Analysis:
Alcon Laboratories Inc. (U.S.), Abbott Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), LaserSight Technologies, Inc (U.S.), AMO Manufacturing USA, LLC (U.S.), Carl Zeiss, Inc. (Germany), and Nidek Inc. (Japan) are some of key players profiled in MRFR’s report.
Global LASIK Eye Surgery Market – Segmental Analysis:
MRFR in its report offers a comprehensive segmental analysis of the market based on vision error, end user and type. By vision error, the market has been segmented into astigmatism, hyperopia, myopia and the others. Further, hyperopia segment is sub-segmented into pathologic hyperopia, physiologic hyperopia and others. The myopia segment is sub-segmented into degenerative, pseudomyopia, simple, induced or acquired, nocturnal and others. Similarly, the astigmatism segment in further sub-segmented into mixed astigmatism, hyperopic astigmatism, myopic astigmatism and others. On the basis of end user, the market is segmented into LASIK centers, eye care clinic and hospitals. By type, the market is segmented into topography guided, wavefront-guided, All Laser and wavefront optimized.
LASIK Eye Surgery Market Regional Overview:
The Americas is expected to lead the global market for LASIK eye surgery in 2018 and beyond. Availability of latest vision correction technology, increasing prevalence of vision impairment and high healthcare expenditure are some of the major factors driving the market in the region. Moreover, present of established players with robust R&D capacity is creating growth opportunities for LASIK eye surgery in Americas. The market in Europe is also expected to witness healthy growth during the assessment period. Many of the European countries such as France, the UK and Germany are making improvements in framework for the healthcare sector. In Asia Pacific (APAC), local policy makers are introducing new growth policies for the healthcare sector as well as greater emphasis is being placed on provide affordable and effective healthcare. Factor as such is likely to present tremendous growth opportunities to market players operating in region.
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