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LASIK Eye Surgery Devices Market Size

  • Report ID: GMI4480
  • Published Date: Sep 2024
  • Report Format: PDF

LASIK Eye Surgery Devices Market Size

LASIK Eye Surgery Devices Market size was valued at USD 1.8 billion in 2023 and is expected to exhibit growth at a CAGR of 5.5% from 2024 to 2032. The increasing prevalence of ophthalmic disorders and increasing demand for minimally invasive surgical procedures are significantly driving the market growth.  

 

The increasing prevalence of ophthalmic disorders, such as myopia, hyperopia, and astigmatism, is significantly driving the growth of the market globally. Factors contributing to this rise include aging populations, increased screen time, and lifestyle changes leading to higher rates of vision impairment. According to the World Health Organization, over 2.2 billion people worldwide suffer from vision impairment or blindness, with at least 1 billion cases being preventable or treatable. This growing demand for corrective procedures, coupled with advancements in LASIK technology, is propelling the market's expansion as more patients seek effective, long-term solutions.
 

Additionally, patients and healthcare providers alike favor LASIK due to its minimal recovery time, reduced risk of complications, and precise outcomes compared to traditional surgical methods. This preference for less invasive, more efficient solutions continues to boost the adoption of LASIK technologies and expand the market.
 

LASIK eye surgery devices refer to the specialized medical instruments and equipment used during LASIK (Laser-Assisted In Situ Keratomileusis) eye surgery, a popular refractive procedure designed to correct vision problems such as myopia, hyperopia, and astigmatism. These devices typically include excimer lasers, which reshape the cornea by removing microscopic layers of tissue and femtosecond lasers, which create the corneal flap with high precision.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

LASIK eye surgery devices industry was valued at USD 1.8 billion in 2023 and is expected to exhibit a CAGR of 5.5% from 2024 to 2032, owing to increasing prevalence of ophthalmic disorders and increasing demand for minimally invasive surgical procedures.

The myopia segment held a 34.4% market share in 2023, backed by the increasing prevalence of myopia, particularly among younger populations due to factors like increased screen time and reduced outdoor activities.

North America LASIK eye surgery devices market accounted for USD 639.3 million in 2023 and is anticipated to record a CAGR of 4.5% between 2024 to 2032 due to the high prevalence of myopia and hyperopia, driven by lifestyle factors such as increased screen time and urbanization.

Bausch & Lomb Incorporated (Bausch Health), Carl Zeiss Meditec AG, Coherent Corp., iVIS Technologies, Johnson & Johnson, Kera harvest incorporation, LensAR, Inc., and NIDEK CO., LTD. among others.

LASIK Eye Surgery Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 120
  • Countries covered: 23
  • Pages: 100
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