Thu, 28 Jan 2021

Laser vision correction is carried out for treatment of patients suffering from myopia. Rise in demand for minimally invasive therapies as well as increase in prevalence of refractive disorders are expected to fuel the market growth. Moreover, increase in research and development activities to treat refractive impairments will drive the market growth during this forecast period.

Rise in number of product launches by key players in market is considered as key driving factor which is expected to boost the global laser vision correction market growth. For instance, in November 2015, Alcon which is division of Novartis AG had launched Contoura vision, first personalized LASIK procedure at the AAO (American Academy of Ophthalmology's annual meeting in U.S. Contoura vision is a type of topography-guided LASIK treatment which developed to help surgeons or healthcare professionals who perform personalized laser procedures on patients. Also, in October 2018, Alcon had launched advanced WaveLight Refractive Suite which can be used with Contoura Vision to guide healthcare professionals and surgeons in detection of abnormality of eyes.

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However, product recall is the major challenging factor for market which is expected to hinder the global laser vision correction market growth. LASIK (Laser Assisted In-Situ Keratomileusis) surgery devices are highly computerized devices which can experience technical issues. Due to these technical issues the U.S. FDA had recalled LASIK surgery devices which expected to obstruct the market growth. For instance, in March2018, SIE AG's FEMTO LDV(TM) Z8 Femtosecond Surgical Laser, a product is recalled by US FDA due to customer complaint received on NOV 2017, about a complication with cataract procedure.

Market Segmentation

Global Laser Vision Correction Market is segmented into type such as Excimer Laser, and Femtosecond Laser, by procedure such as LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction), and Others, by therapeutic application such as Cataract, Astigmatism, Presbyopia, Hyperopia, and Myopia. Further, market is segmented into end user such as Hospitals, Specialty Clinics, and Ambulatory Surgical Centers.

Also, Global Laser Vision Correction Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Carl Zeiss Meditec AG, Johnson & Johnson, Ziemer Group AG, Bausch Health Companies Inc, Schwind Eye-tech-solutions, SIE AG, Noavartis AG, Nidek co., Ltd, and Alcon.

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Market Taxonomy

By Type

  • Excimer Laser
  • Femtosecond Laser

By Procedure

  • LASIK (Laser Assisted In-Situ Keratomileusis)
  • PRK (Photo Refractive Keratectomy)
  • SMILE (Small Incision Lenticule Extraction)
  • Others

By Therapeutic Application

  • Cataract
  • Astigmatism
  • Presbyopia
  • Hyperopia
  • Myopia

By End User

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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Contact Information:

Vishal Thakur

Research Support Specialist

QualiKet Research

6060 N Central Expy #500, TX 75204, U.S.A


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