LASIK Eye Surgery Devices Market Analysis

LASIK Eye Surgery Devices Market Analysis

The LASIK eye surgery devices market is segregated into excimer laser and femtosecond laser categories. Among these, the femtosecond laser segment accounted for over 53% of the industry share in 2021, owing to its high level of accuracy, safety, and other benefits. LASIK surgery conducted with a femtosecond laser is also considered an advanced method of correcting various refractive eye disorders. Furthermore, the surgical speed can also be increased with this device, resulting in less trauma to the eyes and reduced errors, which may fuel business progression.
 

Based on application, the LASIK eye surgery devices market is bifurcated into LASIK eye centers, ambulatory surgical centers, hospitals, and others. The LASIK eye centers segment is slated to depict a CAGR of 5% through 2030, given rising initiatives from management service organizations to expand eye care centers. For instance, in May 2022, Sunvera Group partnered with William S. Goldstein, an ophthalmologist in Shelby Township to expand its network of surgical and ophthalmology centers in Michigan and Ohio. LASIK eye centers also have skilled professionals and provide specialized care, thereby amplifying segment demand.
 

North America LASIK eye surgery devices market surpassed USD 590 million in 2021. This is credited mainly to the growing awareness about the benefits of minimally invasive surgical techniques and the strong demand for eye surgeries. Medicare facilities that cover this eye surgery type are also present across the region. These factors, alongside the favorable reimbursement scenario, will proliferate the use of LASIK eye surgery equipment in healthcare facilities, propelling regional market trends.