Latest News- Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market: Wavefront-guided is expected to lead the Technology segment during 2025-2029

The Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market is being driven by Increasing awareness about LASIK surgery

The Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1402.3 million. The Laser-Assisted In Situ Keratomileusis (LASIK) surgery market presents significant cost variations, with the average price in the US estimated at around USD2000 per eye, a figure not typically covered by medical insurance. In contrast, several international destinations offer more affordable options, such as India, Spain, Thailand, Mexico, and the UAE, where LASIK surgeries range from USD1,000 to USD1,500 per eye. This price disparity arises from differences in operational costs and regulatory frameworks. Accredited and licensed hospitals worldwide are expanding their LASIK surgery offerings, making it essential for patients to consider their options carefully and factor in the cost-effectiveness of their preferred destination. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Wavefront-guided
  • Wavefront-optimized
  • Topography-guided
• End-user
  • LASIK centers
  • Eyecare clinics
  • Hospitals
• Type
  • Myopia
  • Hyperopia
  • Astigmatism
  • Presbyopia
  • Mixed astigmatism
• Age Group
  • Young adults
  • Middle-aged adults
  • Elderly
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing awareness about LASIK surgery
• High success rate of LASIK procedures
• Increasing prevalence of refractive disorders

However, the market also witnesses some limitations, which are as follows:

• Minimal insurance coverage by insurance providers
• Complications after LASIK surgery
• High cost associated with LASIK surgery

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Market Scope in Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market Research Report

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Research Analysis Overview

The Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market focuses on vision correction for refractive errors such as Myopia, Hypermetropia, and Astigmatism, driven by genetic predisposition and advanced laser technology. Surgical techniques like Contoura Vision and laser eye surgery utilize excimer lasers and femtosecond lasers in ophthalmic clinics and ambulatory surgery centers. Eye Health, Patient Education, and Surgical Procedures are key factors, with Eye Diseases, Healthcare Spending, and Eye Care Facilities also influencing market growth. Wavefront Optimized and Wavefront-Guided technologies enhance the precision of LASIK procedures for various eye conditions.

Market Research Overview

The global life sciences tools and services market encompasses businesses involved in the research and development (R&D) of a range of product categories, including capital equipment, instruments, accessories, and consumables. These tools are utilized in the pharmaceutical and biotechnology industries, as well as in laboratory diagnosis of various diseases. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving market growth include the increasing global population aging, leading to a larger demographic requiring vision correction procedures for refractive errors such as myopia, hypermetropia, and astigmatism, as well as the genetic predisposition to these conditions. The market is further bolstered by advancements in laser-assisted in situ keratomileusis (LASIK) surgery technology, which offers a minimally invasive and effective solution for vision correction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/