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Lasik Eye Surgery Devices Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-07 

Lasik Eye Surgery Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The Lasik eye surgery devices market is expected to observe remarkable growth on account of increasing number of visual impairment cases worldwide. Over the years, the market has grown at a commendable pace across the healthcare sector.

Advantages associated with Lasik eye surgeries like high success rate with almost 96% of patients gaining their desired vision after the procedure, minimally invasive and quick recovery make it an ideal eye treatment alternative. While mounting levels of pollution and digital screen exposure could become a major cause for eye related problems such as farsightedness and nearsightedness.

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As a result, numerous countries around the world have started to implement multiple initiatives to provide secure and affordable healthcare facilities to low-income group patients that are usually placed under below poverty line. For instance, the Indian government launched a nationwide initiative known as RSBY (Rashtriya Swasthya Bima Yojna) to provide free eye surgeries to all Indians across government hospitals. Additionally, local authorities are also planning to offer numerous free healthcare facilities like RSBY to BPL households across India. Initiatives like these could hugely benefit the industry landscape over the forthcoming years.

Growing number of benefits triggered by the introduction of new technologies could further enhance business outlook. On that note, GMI, predicts that the global Lasik eye surgery devices market size may exceed $1.9 billion by the year 2025.

With regard to the product spectrum, the LASIK eye surgery devices industry outlook is categorized into Femtosecond and Excimer Laser. Of these, the Excimer laser segment recorded remuneration of nearly $650 million in 2018. This is largely due to the revolutionary impact of the product on ophthalmology and eye laser treatment for eyesight.

Excimer lasers can remove tissue from the anterior cornea using photoactive decomposition, to facilitate seamless diagnosis and treatment. Also, excimer lasers are used extensively for the correction of refractive eye errors, as well as for the treatment of astigmatism, myopia, and hyperopia, among other conditions.

Excimer lasers demonstrate several lucrative advantages, including ease of use and superior efficiency, making them integral laser eye surgery devices, which could in turn propel industry demand from the segment.

Several initiatives are being undertaken across the globe by governments as well as other healthcare authorities, to make treatments affordable, especially for BPL (below poverty line) patients suffering from visual defects.

In India, for instance, the Rashtriya Swasthya Bima Yojna (RSBY) has been established to provide eye surgeries free of cost in government hospitals. Furthermore, the state government of India also offers myriad free healthcare services to below poverty line households, giving them easy access to healthcare facilities.

Meanwhile, in 2019, Bajaj Finserv collaborated with Bengaluru-based eyecare facility Narayana Nethralaya, to make eye care treatments easily available for patients through the Lifecare Finance scheme. According to the terms of the deal, expenses associated with eye surgeries and treatments can be paid in installments through the Bajaj Finserv Health EMI Network Card, thereby enhancing the availability of timely, convenient, and affordable eye care services.

Initiatives such as these are thereby likely to add considerable impetus to LASIK eye surgery devices market expansion over the forecast spell.

The Europe LASIK eye surgery devices market registered revenue of over $400 million in 2018, with a similar growth trend expected to continue over the estimated timeline.

Rising number of patients experiencing eye-related ailments is a major contributing factor to industry growth in the region. in addition to this, various medical facilities, hospitals, clinics, etc. across Europe are conducting laser operation for eyes, including LASIK to treat visual impediments.

Growth in the number of patients suffering from eye-related issues is the major factor responsible for market expansion in the region. Several clinics, medical centers, and hospitals across Europe are conducting Lasik surgeries to improve eyesight issues.

Moreover, the presence of prominent LASIK eye surgery devices market players is significantly robust in nations such as the UK, Germany, and France, which could impel industry dynamics in Europe. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/lasik-eye-surgery-devices-market

Partial Chapter of the Table of Content 

Chapter 4. Lasik Eye Surgery Devices Market, By Product

4.1. Lasik eye surgery devices market share by product, 2018 & 2025

4.2. Excimer laser

4.2.1.  Market size, by region, 2014 – 2025

4.3. Femtosecond laser

4.3.1.  Market size, by region, 2014 – 2025

Chapter 5. Lasik Eye Surgery Devices Market, By End-Use

5.1. Lasik eye surgery devices market share by end-use, 2018 & 2025

5.2. Lasik eye centers

5.2.1.  Market size, by region, 2014 – 2025

5.3. Hospitals

5.3.1.  Market size, by region, 2014 – 2025

5.4. Ambulatory surgical centers

5.4.1.  Market size, by region, 2014 – 2025

5.5. Others

5.5.1.  Market size, by region, 2014 – 2025

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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