LASIK refers to a laser reflective surgery most commonly performed. Generally, a special type of cutting laser is used to particularly change it to a doom-shaped tissue exactly like the cornea which further helps to improve eye sight. Mostly, the blurred vision is corrected by bending (refracting) light rays with glasses or contact lenses. Through reshaping the cornea a patient can have better vision possible.
The LASIK surgery Market is continuously evolving. LASIK is the most commonly performed eye surgery. This highly effective process is often referred to as refractive surgery or laser vision correction. LASIK is used to correct the vision problems – myopia, hyperopia and astigmatism. These are common vision problems and large number of people are affected by these issues. Lasik also helps to say good-bye to contact lenses and glasses as a result many people are adopting this process to put a stop to regular eye problems. Globally the market for LASIK eye surgery is expected to grow at a high range by 2016-2022.
The driving factors for the high rise of LASIK eye surgery are this surgery is the most popular form of laser eye surgery. Compared with alternative forms of laser eye surgery like LASEK, it creates a faster recovery time, higher precision and the possibility of correcting a wider range of eye prescriptions. This low risk factor and easy recovery procedure is majorly helping the market growth of LASIK surgery globally.
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Another driving factor in the growth of the LASIK eye surgery market is the invention of ultra-precise laser technology. Allon Barsam uses a combination of the world’s most advanced lasers to carry out all LASIK surgery, in a system known as Z-LASIK.
Like any other surgery, however, there are potential risks, side effects and limitations a patient should be fully aware of before undergoing the procedure choosing a skilled and experienced LASIK eye surgeon can help reduce these risks and enable you to achieve the best possible results from laser eye surgery. This risks and side effects may somehow demolish the market growth of Lasik eye surgery.
LASIK Eye Surgery -Competitive Analysis:
Johnson & Johnson agreed to buy Abbott Laboratories’ eye-surgery equipment unit for $4.33 billion, moving the health-care giant toward its goal of boosting its three core businesses. The deal is expected to close in the first quarter of 2017, the companies said on September 2017 in separate statements. The unit, called Abbott Medical Optics, makes equipment used in surgeries to repair cataracts and in Lasik procedures to improve vision, as well as eye drops and solutions. It generated $1.13 billion in sales for Abbott in 2015.
Some of the key players in this market are: AMO Manufacturing USA LLC, Nidek, Inc., Abbott Inc., Alcon Laboratories, Inc., Carl Zeiss, Inc., Bausch & Lomb Surgical, Inc., Lasersight Technologies, Inc. and others.
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LASIK Eye Surgery-Segmentation:
Lasik eye surgery market can be segmented into 4 divisions:
Segmentation By Type: Wavefront Optimized, Wavefront-Guided, Topography Guided And All Laser.
Segmentation by Vision Errors: Myopia, Hyperopia, Astigmatism and others.
Segmentation by End User: Hospital, Eye care clinic, LASIK center and others.
LASIK Eye Surgery-Regional Analysis:
North America is primarily dominating the Lasik eye surgery market. Countries like US and Canada are majorly adopting this new advanced technology for eye problems.
Europe is the second largest region to contribute on the developing market of Lasik eye surgery.
Asia Pacific is also hugely bestowing the advancement of Lasik eye surgery market. Countries like China, Japan and South Korea are constantly creating new advancements to make this LASIK surgery more improved.
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Table of Content
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
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