LASIK Eye Surgery Market Synopsis:
The Worldwide LASIK eye surgery market is expected to improve massively over the projection period of 2018-2022. Experts believe that the market will grow at a CAGR of around 5.9%. At present this industry is valued at a staggering USD 1.4 billion and is projected for growth in near future.
The high growth rate of this market can be attributed to a number of drivers. The rising figures of people getting affected with eye diseases are a major growth factor amongst others. If reports are to be trusted, it is said that above 284.6 million people across the globe suffer from optical disorders. These people get eye diseases due to constant computer exposure, atmosphere changes & modern lifestyle.
LASIK Eye Surgery Market Division:
The global LASIK eye surgery industry is divided into four portions end users, vision errors, types & geographies. On the basis of end users, the market is segmented into eye care clinics, LASIK centers & hospitals. The vision errors section comprises of astigmatism, myopia & hyperopia. Astigmatism is further bifurcated into mixed astigmatism & hyperopic astigmatism. The myopia segment is separated into degenerative, acquired, psuedomyopia & nocturnal. On account of types the market is fragmented into all laser, wave front boosted, topography-guided & wave front guided.
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Regionally the market for LASIK eye surgery spans across many countries. Some of the major ones include America, Europe, Asia Pacific, Middle East & Africa & Rest of the World. Amongst these, Americas is at the forefront in terms of market share. It is because of heightened use of technology, higher number of eye-disease sufferers & better healthcare set ups. After this region, Europe is second in command. Furthermore, the Asia Pacific region is also expected to grow steadily in the coming years.
LASIK Eye Surgery Market Segmentations:
The global LASIK Eye Surgery market is segmented on the basis of types, vision error and end user.
On the basis of the type, it is segmented into the wavefront optimized, wavefront-guided, topography guided, all laser.
On the basis of the vision error, it is segmented into myopia, hyperopia, astigmatism, and others. Furthermore, myopia is sub-segmented as simple, induced or acquired, pseudomyopia, nocturnal, degenerative, and others. Hyperopia is also sub-segmented into physiologic hyperopia, pathologic hyperopia, and others. Astigmatism is sub-segmented into myopic astigmatism, hyperopic astigmatism, mixed astigmatism, and others.
On the basis of the end user, it is segmented into hospitals, eye care clinic, LASIK centers, and others.
LASIK Eye Surgery Market Regional Analysis:
The Americas dominate the Global LASIK Eye Surgery Market owing to well-developed technology, increasing population affected with vision problem, high healthcare spending, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies in this region have fuelled the growth of the market. Major players in this market have their focus to capture a huge share of the emerging markets such as India and China.
Europe holds the second position in the global LASIK Eye Surgery market owing to the government support for research & development and availability of funds for research. This is expected to continuously drive the European market over the forecasted period. For instance, countries like Germany and France are increasing their investments in the healthcare domain.
Asia Pacific is the fastest growing LASIK Eye Surgery Market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and China is likely to emerge as the fastest growing market across the globe.
On the other hand, in the Middle East and Africa, hold the least share of global market owing to limited ignorance of diseases, and poor access to treatment.
Major TOC LASIK Eye Surgery Market:
1. Report Prologue
2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4. Market Dynamics
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FEBRUARY 27TH, 2018