December 01, 2020
As per the research report titled ‘Lasik Eye Surgery Devices Market Size By Product, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, global Lasik eye surgery devices market valuation is anticipated to exceed USD 1.9 billion by the year 2025.
Factors such as rising levels of air pollution, growing population, and numerous advantages associated with the surgical process are augmenting the growth of global Lasik eye surgery devices market size.
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Furthermore, favorable government initiatives towards offering healthcare facilities to patients that are below poverty line coupled with technological advancements in the business sphere are stimulating the global Lasik eye surgery devices market outlook.
For instance, Rashtriya Swasthya Bima Yojna (RSBY), a government-run health insurance program for the underprivileged provides free eye surgeries in government hospitals across India. Apart from this, increasing occurrence of visual impairment cases such as nearsightedness, farsightedness, and astigmatism are favoring the remuneration scale of worldwide Lasik eye surgery devices industry.
Based on product landscape, global Lasik eye surgery devices market from the excimer laser segment accounted for around USD 650 million in 2018 and is predicted to amass noteworthy gains through 2025. Rising preference towards the product in the ophthalmology field, increasing adoption for the treatment of eye conditions such as myopia and astigmatism as well as for the correction of refractive errors of eye, and advantageous attributes such as ease of use and high efficiency are fostering the expansion of the segment.
With regards to end-user terrain, the hospital segment reflected around 30% of the overall revenue share of the industry in 2018 and is expected to expand substantially over the forecast period. High availability of technologically advanced medical instruments, rising adoption of Lasik eye surgeries across hospital facilities, and favorable schemes and initiatives towards offering eye treatment to BPL (below poverty line) patients are propelling the growth of the segment.
Regionally, Europe Lasik eye surgery devices industry accounted for revenue worth USD 400 million in the year 2018 and is estimated to witness similar gains through 2025. Escalating demand for the devices across healthcare facilities such as clinics, hospitals, and medical centers along with rising prevalence of eye-related issues are bolstering the emerging as remunerative opportunities for the regional market.
Leading players that outline the global Lasik eye surgery devices industry trends are Ziemer Ophthalmic Systems AG, Technolas Perfect Vision GmbH, SCHWIND eye-tech-solutions GmbH, Nidek Inc., LaserSight Technologies Inc., Johnson & Johnson, Carl Zeiss AG, Bausch & Lomb Incorporated, and Alcon.