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. LASIK surgery, a vision correction procedure, carries an approximate cost of around USD2000 in many developed countries. However, this expense is not typically covered by medical insurance. Consequently, an increasing number of patients, particularly from the US, are opting for affordable LASIK surgeries in countries like India, Spain, Thailand, Mexico, and the UAE, where the procedure ranges from USD1,000 to USD1,500. This substantial price difference is attracting a significant patient influx to these destinations. Furthermore, numerous hospitals worldwide are obtaining accreditation and licenses to perform LASIK surgeries, expanding accessibility and affordability for patients. In India, for instance, the cost of LASIK surgery ranges from USD700 to USD1,000, making it a popular choice for those seeking cost-effective vision correction solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
227 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.6% |
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Market growth 2025-2029 |
USD 1402.3 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
5.7 |
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Key countries |
US, China, Japan, India, Germany, Canada, UK, France, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Laser-Assisted In Situ Keratomileusis (LASIK) Surgery Market encompasses advanced vision correction procedures utilizing laser technology and surgical techniques for addressing refractive errors, such as myopia and hyperopia. Genetic predisposition plays a role in these conditions, leading to increased demand for eye health solutions. Ophthalmic clinics and ambulatory surgery centers offer various eye surgery techniques, including Contoura Vision and laser eye surgery, using excimer laser systems and femtosecond lasers. Eye Diseases, Healthcare Spending, and Eye Care Facilities drive market growth. Patient Education, Surgical Procedures, and Paracetamol Production are essential components of this industry. Wavefront optimized, vision correction, corneal reshaping, and medical tourism contribute to procedure precision, recovery time, and patient awareness. Ophthalmic devices and surgical innovation enhance eye care, while patient awareness and visual acuity fuel demand for elective surgery.
The global life sciences tools and services market encompasses businesses involved in the research and development (R&D) of capital equipment, instruments, accessories, and consumables for pharmaceuticals and biotechnology, as well as laboratory diagnosis of diseases. This market's size is determined by the collective revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving market expansion include the rising elderly population, with predictions of a significant increase in those aged 60 and above, leading to heightened demand for vision correction procedures, such as Laser-Assisted In Situ Keratomileusis (LASIK), due to refractive errors and genetic predispositions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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