Personalized LASIK Surgery Market - Growth Trends and Future Outlook 2024

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Personalized LASIK Surgery Market -
Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024
Transparency Market Research Reports incorporated a definite
business overview and investigation inclines on "Personalized
LASIK Surgery Market". This report likewise incorporates more
illumination about fundamental review of the business including
definitions, requisitions and worldwide business sector industry
structure.
Laser-assisted in situ keratomileusis, commonly referred to as
LASIK, is a laser eye surgery or laser vision-correction. It is a
type of refractive surgery performed by an ophthalmologist for
the correction of mainly three disorders: short-sightedness
(myopia), far-sightedness (hyperopia), and astigmatism.
Personalized LASIK, also known as custom LASIK, is a precise
and more specific procedure that facilitates a surgeon to focus
on quality as well as quantity of vision. Unlike the conventional
LASIK procedure, custom LASIK involves utilization of
advanced wavefront technology, wherein the unique
characteristics of an eye can be evaluated.
In customized LASIK procedure, the refractive errors are
evaluated by the difference of 0.01D instead of 0.25D in routine
eyeglass prescription, making it 25 times more precise. The
measurements are collected from hundreds of individual
reference points on the front surface of an eye, facilitating
detailed mapping of “high-order aberrations”, which accordingly
programs the laser to provide flawless vision correction.
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Surgery Market:
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The number of laser vision correction surgeries, a category
including LASIK and the PRK procedure, has dropped more
than 50% from 2007 to 2016. The reasons vary case to case,
right from post-surgical complications to economic barriers. In
the U.S., the average cost of LASIK is between US$ 1500 and
US$ 3000 per eye, depending on the type of procedure, parts of
the country, and surgeon.
Abbott’s iDesign Advanced WaveScan Studio produces high
resolution scan of an eye surface, taking more than 1200 micro
readings in three seconds. The technology is USFDA-approved
and provides a clearer blueprint of an eye. The WaveScan
CustomVue System is also trending in the market. It is a
diagnostic device that detects the wavefront aberrations on eye
surface using Hartmann-Shack wavefront sensor. The major
FDA-approved wavefront guided systems include WaveScan
System CustomVue LASIK (Abbott Medical Optics), iDesign
Advanced CustomVue LASIK System (Abbott Medical Optics),
and Technolas 217z Zyoptix System for Personalized Vision
Correction (Bausch + Lomb).
PRK (photorefractive keratectomy) uses an excimer laser in the
same way as LASIK surgery, and patients' vision correction
results are similar. PRK recovery takes a little longer than
LASIK process. However, PRK is more commonly performed
and offers many advantages over LASIK for some patients.
Geographically, customized LASIK surgery is gaining
preference in North America and holds the largest share in the
market. Rising demand for custom LASIK surgery makes
Europe one of the largest markets. Topography guided LASIK
surgery is identified as the fastest growing segment globally.
The LASIK surgery market in Asia Pacific is expected to
witness strong growth due to factors such as increasing
awareness level and rising income capacities.
Major players in the LASIK surgery market are Alcon
Laboratories, Inc., Abbott Medical Optics, Inc., Carl Zeiss, Inc.,
Bausch + Lomb, and Nidek, Inc. Abbott Medical Optics holds
the largest market share.