Global Personalized LASIK Surgery Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
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At What Rate is the Personalized LASIK Surgery Market Predicted to Expand Between 2024 and 2033?
Over the past few years, the market size of personalized LASIK surgery has seen significant growth. From $2.46 billion in 2023, it will rise to $2.63 billion in 2024, representing a compound annual growth rate (CAGR) of 6.9%. The growth experienced during the historic period is due to increased public knowledge about Lasik surgery, a surge in the incidence of refractive errors, growth of refractive surgery centers, enhanced patient safety and results, along with government and regulatory backing.
Expectations are high for robust expansion in the personalized LASIK surgery market in the coming years. The market is predicted to rise to a value of $3.45 billion by 2028, reflecting a compound annual growth rate (CAGR) of 7%. The aspects contributing to this anticipated growth within the forecast period include an increasing aged population, a surge in cases of vision disorders, a rise in awareness and education, an expanding healthcare infrastructure, and an increase in medical tourism. Key trends expected during the forecast period encompass advanced LASIK platforms, the utilization of laser-assisted systems, technology advancements, improved patient experiences, and customized treatment alternatives.
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What Forces Are Boosting the personalized lasik surgery Market’s Growth?
The escalating incidence of eye-related diseases is likely to fuel the expansion of the personalized LASIK surgery market in the future. Ophthalmic diseases, which encompass conditions like glaucoma, cataracts, macular degeneration, and diabetic retinopathy, adversely influence eyes and vision. This surge in eye disease prevalence draws from an aging population, increasing rates of chronic conditions like diabetes, and lifestyle factors including extended screen exposure. These issues combinely result in a higher occurrence of vision disorders. Personalized LASIK surgery can address these diseases by offering customized vision correction solutions, enhancing precision, potency, and patient results for myopia and astigmatism. For example, Eurostat, a government entity based in Luxembourg, reported that in 2022, 4.73 million cataract surgeries, involving the removal of the eye’s natural lens, were performed across EU countries. Therefore, the escalating prevalence of eye diseases will stimulate the personalized LASIK surgery market’s growth.
What Key Segments Make Up the Personalized LASIK Surgery Market?
1) By Type: Topography Guided LASIK, Wavefront Guided LASIK, Wavefront Optimized LASIK
2) By Indications: Myopia, Hypermetropia, Presbyopia, Other Indications
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users
What Are the Latest Trends Impacting the Personalized LASIK Surgery Market?
The focus of leading businesses in the personalized LASIK surgery market is on adopting smarter LASIK platforms, such as those assisted by lasers, to enhance accuracy, improve patient outcomes, and make surgical procedures more efficient. Laser-assisted systems are sophisticated technologies used in eye surgical operations. They use lasers to reshape the cornea accurately for vision correction, proving more precise and customizable than conventional methods. For example, Bausch + Lomb Corporation, an eye health company based in Canada, got FDA approval in January 2024 for its TENEO Excimer Laser Platform for LASIK surgery to rectify myopia and myopic astigmatism. The platform has an advanced 1740 Hz eye-tracker, which is three times faster than the repetition speed of the laser, and a 500 Hz laser which has the fastest ablation time among excimer lasers in the U.S., achieving about 1.2 seconds per diopter.
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What Regions Are Dominating the Personalized LASIK Surgery Market Growth?
North America was the largest region in the personalized LASIK surgery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized LASIK surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Personalized LASIK Surgery Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the personalized lasik surgery market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Personalized LASIK Surgery Market Include
1. Personalized LASIK Surgery Market Executive Summary
2. Personalized LASIK Surgery Market Segments
3. Personalized LASIK Surgery Market Size And Template Market Growth Rate
4. Key Personalized LASIK Surgery Market Trends
5. Major Personalized LASIK Surgery Market Drivers
……
25. Key Mergers And Acquisitions In The Personalized LASIK Surgery Market
26. Top Personalized LASIK Surgery Companies
27. Personalized LASIK Surgery Market Opportunities And Strategies
28. Personalized LASIK Surgery Market, Conclusions And Recommendations
29. Appendix
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