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Personalized LASIK Surgery Market size in 2015 was USD 1.5 billion and is predicted to grow to USD 3.7 billion by 2023. Wavefront guided personalized LASIK surgery market share was approximately 40% in 2015, and represented the largest industry segment. North America was over USD 680 million in 2015, mainly on account of the U.S. personalized LASIK surgery industry. This is attributed to the prevailing healthcare infrastructure, increased awareness and presence of major competitors in the region.
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Regional Analysis of Personalized LASIK Surgery Market: • North America was over USD 680 million in 2015, mainly on account of the U.S. personalized LASIK surgery industry. • Asia Pacific personalized LASIK surgery market size is predicted to showcase rapid growth rate and capture over 17% of the global share. • Approximately 35% of the overall U.S. population is afflicted with eye disorders including myopia, astigmatism, hyperopia,and presbyopia and have to wear glasses, according to the AAO. • Europe is among the key regional segments for these procedures as a result of high investments in R&D and surging demand for customized surgeries.
Application Analysis of Personalized LASIK Surgery Market: • Increasingly stable economic conditions and improved awareness in the region are responsible for growth. • Additionally, rising disposable income, growing number of treatment centers, along with companies focusing on the unmet vision correction needs will accelerate demand. • The growing incidence of these disorders coupled with increased demand for laser based eye surgeries due to development of rapid, painless, and sensitive techniques and equipmentis the main driving factor for this industry. • An additional important factor is the continuously increasing global geriatric population with increased incidence of cataract and glaucoma.
Competitive Market Share of Personalized LASIK Surgery Market : • The major competitors are Carl Zeiss Inc., Abbot Medical Optics, Nidek Inc., Bausch + Lomb, and Alcon Laboratories Inc. • These companies are engaged in forming strategic alliances through mergers as well as acquisitions to endure the intense competition. • For example, the acquisition of Technolas by Bausch & Lomb in January 2013 thatled to the inclusion of femtosecond lasers to the latter’s product line.
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