According to FutureWise analysis the market for lasik eye surgery devices in 2023 is US$ 1.77 billion, and is expected to reach US$ 2.66 billion by 2031 at a CAGR of 5.22%.
Lasik eye surgery is also known as laser vision correction or laser eye surgery. It's a form of refractive surgery that treats myopia (nearsightedness), hyperopia (farsightedness), and astigmatism, among other vision problems. LASIK is for Laser-Assisted In Situ Keratomileusis, and it's a surgery that uses a laser beam to permanently alter the curvature of the cornea. Wavefront-optimized, wavefront-guided, and topography-guided surgery are all options for vision correction.
Additionally, Lasik eye surgery gadgets are devices that aid in the effective completion of these procedures. Dr. Stephen Brint and Dr. Stephen Slade of the United States performed the first Lasik surgery with an excimer laser in 1991 to repair vision issues, which boosted the industry's growth.
The improvement of technology in the healthcare sector of developed nations throughout the world is majorly driving market expansion. The market value is being driven by the rising number of people suffering from ocular problems as a result of bad eating habits and changing lifestyles. The market value is being bolstered by expanding demand for minimally invasive surgical treatments throughout the world, as well as increased investment in the eye care industry by key companies. The benefits of minimally invasive surgical procedures, such as reduced blood loss, less discomfort, lower incision lengths, and shorter hospital stays, are driving up market demand.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Lasik Eye Surgery Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Lasik Eye Surgery Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.