Personalized LASIK Surgery Market report categorizes the global market by Technology( Wavefront LASIK,Topography-Guided LASIK, Bladeless LASIK and Presby LASIK ), Disease Indication (Myopia, Hyperopia, Astigmatism, and Presbyopia) & Geography
The global personalized LASIK surgery market features a highly consolidated vendor landscape along with
intense competition among a few established players. The top five participants, namely Abbott Medical
Optics, NIDEK, Alcon, Carl Zeiss, and Bausch & Lomb held 87% of the market in 2015. The focus of these
players on technological advances and efforts for geographical expansion are the key factors behind their
large market share.
Going forward, competition in this market is likely to escalate due to continued price war between few
key participants. In this scenario, key players are likely to enter into contracts with end users for sustained
business growth. These players are also likely to resort to the inorganic growth route thus vie for mergers
and acquisitions and strategic alliances with small vendors.
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As per a market study by Transparency Market Research (TMR), the global personalized LASIK surgery
market is likely to rise at a steady 5.6% CAGR between 2016 and 2024 to attain a value of US$2.6 bn by
the end of 2024. The demand in the market was worth US$1.6 bn in 2015.
Among the key end-use segments, hospital accounted for the leading contribution to the personalized
LASIK surgery market in 2015; the segment is likely to remain at the fore through the forecast period. In
terms of geography, North America led the global personalized LASIK surgery market in 2015 holding 45%
market share. High awareness about technologically advanced vision correction surgeries coupled with
high spending on advanced vision correction surgeries for aesthetic reasons account for the high growth
of this region.
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Importance of Look and Aesthetics among Young Adults to Fuel Demand
According to the lead analyst of the study, “the demand for personalized LASIK surgery is directly