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Global LASIK Surgery Market 2017-2021

Global LASIK Surgery Market 2017-2021

About LASIK Surgery

LASIK is a technically advanced procedure carried out to minimize or eliminate the need of glasses and contact lenses. It is performed as an outpatient procedure under topical anesthesia (drops), which takes only 15-30 minutes, for the correction of refractive disorders such as myopia, hyperopia, and astigmatism. The first LASIK device was approved by the FDA for standard use in 1992. The US LASIK market has expanded and contracted with economic cycles.

Technavio’s analysts forecast the global LASIK surgery market to grow at a CAGR of 5.63% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global LASIK surgery market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global LASIK Surgery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Johnson & Johnson
  • Novartis
  • Valeant Pharmaceuticals International
  • Carl Zeiss
  • Nidek
Other prominent vendors
  • Ziemer Ophthalmic Systems
  • LaserSight Technologies
Market driver
  • Increasing awareness about LASIK surgery
  • For a full, detailed list, view our report
Market challenge
  • Minimal insurance coverage
  • For a full, detailed list, view our report
Market trend
  • Increasing medical tourism for LASIK surgery
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global LASIK Surgery Market 2017-2021

Technavio recognizes the following companies as the key players in the global LASIK surgery market: Johnson & Johnson, Novartis, Valeant Pharmaceuticals International, Carl Zeiss, and Nidek.

Other Prominent Vendors in the market are: Ziemer Ophthalmic Systems, and LaserSight Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing medical tourism for LASIK surgery. A LASIK surgery is an expensive procedure (costs approximately $2000) and is not covered by most medical insurance companies. Due to the high costs, many patients, especially from the US, are getting their LASIK surgeries done in countries that provide LASIK surgeries at significantly lower rates such as India, Spain, Thailand, Mexico, and the UAE.”

According to the report, one driver in the market is increasing awareness about LASIK surgery. The awareness about the benefits of LASIK is increasing worldwide. Many companies, organizations, and eye clinics are taking initiatives to increase awareness about the benefits of LASIK procedures in social media and other advertising mediums. LASIK laser eye surgeries are comparatively popular than the alternative forms of laser eye surgeries like laser-assisted subepithelial keratectomy (LASEK). LASIK surgeries have faster recovery time, higher precision, and can correct a wider range of eye prescriptions.

Further, the report states that one challenge in the market is minimal insurance coverage. Like other vision care procedures, eye surgery is an expensive procedure and primarily an out-of pocket expense. As a result, consumers may not opt for corrective eye surgery when they have low discretionary income. An average LASIK surgery costs around $2000, per eye. Most insurance companies such as UnitedHealthcare and Cigna don't provide reimbursements for LASIK eye surgery as it is considered to be an elective or cosmetic surgery. The vast majority of the general population cannot afford LASIK surgeries.

Companies Mentioned

Johnson & Johnson, Novartis, Valeant Pharmaceuticals International, Carl Zeiss, and Nidek.

Other Prominent Vendors in the market are: Ziemer Ophthalmic Systems, and LaserSight Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global LASIK surgery market: Overview
      • Table Segmentation of global LASIK surgery market
    • Market size and forecast
      • Table Global LASIK surgery market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Market overview
      • Table Global LASIK surgery market by technology
      • Table Global LASIK surgery market by technology 2016
    • Global wavefront guided LASIK surgery market
      • Table Global wavefront guided LASIK surgery market 2016-2021 ($ millions)
      • Table Major wavefront guided LASIK devices in market
    • Global wavefront optimized LASIK surgery market
      • Table Global wavefront guided LASIK surgery market 2016-2021 ($ millions)
    • Global topography guided LASIK surgery market
      • Table Global topography guided LASIK surgery market 2016-2021 ($ millions)
      • Table Major LASIK devices in market
  • Market segmentation by end-user
    • Market overview
      • Table Global LASIK surgery market by end-users
      • Table Global LASIK surgery market by end-users 2016
    • Hospitals
    • Ophthalmic clinics
    • ASCs
  • Geographical segmentation
    • Market Overview
      • Table Global LASIK surgery market by geography
      • Table Global LASIK surgery market by geography 2016
    • LASIK surgery market in Americas
      • Table LASIK surgery market in Americas: Market overview 2016-2021
      • Table LASIK surgery market in Americas 2016-2021 ($ millions)
    • LASIK surgery market in EMEA
      • Table LASIK surgery market in EMEA: Market overview 2016-2021
      • Table LASIK surgery market in EMEA 2016-2021 ($ millions)
    • LASIK surgery market in APAC
      • Table LASIK surgery market in APAC: Market overview 2016-2021
      • Table LASIK surgery market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing medical tourism for LASIK surgery
    • Increase in physician-owned eye surgery clinics
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global LASIK surgery market 2016
  • Key vendor analysis
    • Johnson & Johnson
      • Table Johnson & Johnson: Key highlights
      • Table Johnson & Johnson: Strength assessment
      • Table Johnson & Johnson: Strategy assessment
      • Table Johnson & Johnson: Opportunity assessment
    • Novartis
      • Table Novartis: Key highlights
      • Table Novartis: Strength assessment
      • Table Novartis: Strategy assessment
      • Table Novartis: Opportunity assessment
    • Valeant Pharmaceuticals International
      • Table Valeant Pharmaceuticals International: Key highlights
      • Table Valeant Pharmaceuticals International: Strength assessment
      • Table Valeant Pharmaceuticals International: Strategy assessment
      • Table Valeant Pharmaceuticals International: Opportunity assessment
    • Carl Zeiss
      • Table Carl Zeiss: Key highlights
      • Table Carl Zeiss: Strength assessment
      • Table Carl Zeiss: Strategy assessment
      • Table Carl Zeiss: Opportunity assessment
    • Nidek
      • Table Nidek: Key highlights
      • Table Nidek: Strength assessment
      • Table Nidek: Strategy assessment
      • Table Nidek: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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