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We are excited to share our latest comprehensive market research report on the Global Lasik Surgery Market. Dive deep into the trends, statistics, and key insights shaping this rapidly evolving field.
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GLOBAL LASIK SURGERY MARKET
INTRODUCTION TO LASIK SURGERY Key Global Statistics Laser-assisted in situ keratomileusis (LASIK) is an alternative to glasses or contact lenses and is a laser refractive surgery to correct vision problems 30 Mn 30% People are treated globally with laser eye surgery every year Individuals globally are currently suffering from Myopia During Lasik surgery, a special type of cutting laser glass is used to change the shape of the cornea which is the dome-shaped clear tissue at the front of the eye This surgery can have several side effects like dry eye syndrome, glare, halos and double vision, under corrections, overcorrections, among others $2,632 90% Is the Lasik patients achieve 20/20 vision or better after treatment average cost of a Lasik surgery/eye worldwide Lasik surgery is recommended for several indication, which include: Myopia (nearsightedness) Hyperopia (farsightedness) Astigmatism
TYPES OF LASIK SURGERIES There are several types of LASIK eye surgery techniques to address specific visual impairments that are available in UAE Conventional LASIK Wavefront- Guided LASIK Topography-Guided LASIK Intra LASIK Conventional LASIK is the most common type of LASIK surgery It utilizes a microkeratome (a mechanical surgical instrument) or a femtosecond laser It has excellent visual outcomes for common vision problems Suitable candidates for this procedure are for a wide range of refractive errors It is a more advanced and customized form of LASIK It utilizes wavefront technology to create a detailed map of the patient’s eye’s unique irregularities It has excellent visual outcomes for common and higher-order aberrations Suitable candidates for this procedure are those with complex visual issues Contoura LASIK is a highly personalized process It utilizes topography technology to create a detailed map of the patient’s eye’s unique irregularities It has excellent visual outcomes for addressing complex corneal issues Suitable candidates for this procedure are those with irregular corneas IntraLase LASIK, also known as iLASIK, is a blade- less vision correction surgery It utilizes precision laser device is used to create a potentially more precise flap It has excellent visual outcomes with achieving 20/20 or better vision Suitable candidates for this procedure are those with thinner cornea
MARKET SIZE Global LASIK Surgery Market Forecast 2023-2030, (in $Bn) CAGR ~5.3% 4.44 The Global LASIK Surgery Market was valued at $3.09 Bn in 2023 and is projected to reach $4.44 Bn by the year 2030 with a CAGR of 5.35 during the forecast period 4.21 4.00 3.80 3.61 3.43 3.25 3.09 2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F
MARKET DYNAMICS: DRIVERS AND RESTRAINTS MARKET DRIVERS MARKET RESTRAINTS Increasing prevalence of refractive errors with roughly 2.2 Bn of the global population suffering from near or distant visual impairment High procedure costs ranging from $1,500 to $3,500 per eye presents a significant barrier Emerging alternatives like refractive lens exchange (RLE) and implantable contact lenses (ICLs) offers viable options for patients with specific eye conditions unsuitable for LASIK Growing aging population as globally, there are over 1 Bn people aged 60 and over which is projected double by the year 2050 driving demand Advancements in laser technology and surgical techniques have significantly improved the accuracy LASIK procedures promoting their adoption Side effects of LASIK surgery, including dry eye which affects roughly 16-33% of LASIK patients hinder market growth