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LASIK Eye Surgery Devices Market to exceed $2bn by 2030

  • Published Date: September 14, 2022

LASIK Eye Surgery Devices Market size is set to reach USD 2 billion by 2030, according to a new research report by Global Market Insights Inc.

The report identifies rapid technological innovation as a key factor fostering the development of the LASIK eye surgery devices industry. LASIK laser technologies have evolved significantly over the years, contributing to increased efficacy, predictability, and safety of corrective eye surgeries. For example, excimer laser used in LASIK surgery has a unique capability to accurately reshape the stromal bed of the corneal layer. These improvements have made LASIK a preferable choice for patients with eye disorders in regions including the U.S., where nearly 600,000 LASIK surgical procedures are conducted per year.

Low inflammation risk and other favorable attributes to drive demand for excimer laser

LASIK eye surgery devices market from excimer laser segment surpassed USD 750 million in 2021, owing to key benefits including minimal pain. This laser can also create UV light to remove fine layers of material without affecting the rest of the tissue. Furthermore, eye surgeries using the excimer laser are associated with less corneal dehydration, which may reduce the risk of inflammation and facilitate rapid healing, bolstering segment expansion.

Browse key industry insights spread across 100 pages with 111 market data tables & 14 figures & charts from the report, “LASIK Eye Surgery Devices Market Size By Product (Excimer Laser, Femtosecond Laser), By Application (LASIK Eye Centers, Hospitals, Ambulatory Surgical Centers), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022-2030” in detail along with the table of contents:

Rising development of LASIK machines for specialty eye hospitals to foster market dynamics

LASIK eye surgery devices market from hospitals segment crossed USD 510 million in 2021, due to the rising emphasis of specialty eye hospitals on LASIK machine development. For instance, in December 2021, Eye-Q Super Specialty Eye hospital re-launched its advanced LASIK machine, I Lasik, designed for bladeless vision correction operations for young patients. Rising inpatient visits and the availability of advanced devices will also stimulate market growth from the hospitals segment.

Europe to emerge as a lucrative revenue prospect for LASIK eye surgery device manufacturers

Europe LASIK eye surgery devices market is poised to depict a CAGR of over 5% through 2030, driven by the high prevalence of ophthalmic diseases and visual disorders in the region. Based on data from Rehacare, in Germany, more than 450,000 people had vision impairment in 2019. The region is also home to leading corrective eye surgery device manufacturers, enabling it to emerge as a lucrative revenue pocket for the LASIK eye surgery devices industry.

Product portfolio expansion to define the industry landscape

Johnson & Johnson, Alcon, Inc., iVIS Technologies, NIDEK, Bausch & Lomb Incorporated (Bausch Health), TECHNOLAS PERFECT VISION GMBH, and Ziemer Ophthalmic Systems are some of the key market players profiled in the report. The strategic landscape of the business is anticipated to witness a series of product development activities by industry players.

Authors: Sumant Ugalmugle, Rupali Swain

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