Global Laser
Vision Correction Market, by Procedure (LASIK (Laser Assisted In-Situ
Keratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small Incision
Lenticule Extraction) and Others), by Type (Excimer Laser and Femtosecond
Laser), By Therapeutic Application (Myopia, Hyperopia, Presbyopia, Astigmatism,
Cataract, and Others), by End User (Hospitals, Specialty Clinics, and
Ambulatory Surgical Centers), and by Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at
US$ 5,201.3 million in 2020 and is expected to exhibit a CAGR of 7.9% during
the forecast period (2020-2027), as highlighted in a new report published by
Coherent Market Insights.
Researchers created a diagnostic
tool called Wavefront Technology in 1978 which permits doctors to build a 3D
map of the eye. This highly advanced computer system allows surgeons to
diagnose and create an accurate shape of the cornea based on the particular
degree of the refractive error. The precision of this procedure has reduced the
likelihood of optical aberrations such as glares and halos.
The Excimer Laser was created in
the late 1970s to assist surgeons in pinpointing the area of entry to the
center of the cornea. The use of lasers has revolutionized eye surgeries by
gaining greater safety with each procedure that takes place.
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The recent technological
advancements have allowed the Excimer Laser to penetrate the cornea and remove
tissue without burning or cutting the surrounding tissues. The laser’s light
can assist with this process by removing small particles of the tissue while
reshaping the cornea and correcting the patient’s vision. This is accomplished
by allowing the Excimer Laser access deep inside the eye to repair the retina
back to properly focusing for clearer vision.
Technological advancements and
addition of new features are expected to boost growth of the laser vision
correction market in the near future. In September 2019, Carl Zeiss medical
technology introduced its new technology for eye care and high-resolution
imaging at the European Society of Cataract and Refractive Surgery (ESCRS).
This technology is expected to help the company develop advanced products and
thereby increase its consumer base.
In April 2017, NIDEK launched the
NAVEX Quest M2 NIDEK Advanced Vision Excimer Laser System that offers highly
reliable and accurate data for clinical diagnostics. This strategy has
broadened the company’s product portfolio.
Browse 43 Market Data Tables and
38 Figures spread through 198 Pages and in-depth TOC on Laser Vision Correction
Market, by Procedure (LASIK (Laser Assisted In-Situ Keratomileusis), PRK (Photo
Refractive Keratectomy), SMILE (Small Incision Lenticule Extraction) and
Others), by Type (Excimer Laser and Femtosecond Laser), By Therapeutic
Application (Myopia, Hyperopia, Presbyopia, Astigmatism, Cataract and Others),
by End User (Hospitals, Specialty Clinics and Ambulatory Surgical Centers), and
by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa) - Forecast to 2027"
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/laser-vision-correction-market-3996
Key Takeaways of the Laser Vision
Correction Market:
The global laser vision
correction market is expected to exhibit a CAGR of 7.9% during the forecast
period (2020-2027), owing to increasing technological advancements by key
players.
Among procedure type, the LASIK
(Laser Assisted In-Situ Keratomileusis) segment is expected to hold a major
revenue share in 2027 owing to the increasing prevalence of blindness and
vision impairment, and initiatives taken research institutions. For instance,
according to the World Health Organization report of 2019, around 2.2 billion
people across the globe had vision impairment or blindness, of whom at least 1
billion had vision impairment which could have been prevented or is yet to be
addressed.
Major players operating in the
global Laser Vision Correction Market are Johnson & Johnson., Alcon
Laboratories, Inc., Nidek co., Ltd., Bausch Health Companies Inc., Carl Zeiss
Meditec AG, Ziemer Group AG, Schwind Eye-tech-solutions and Coherent Inc.
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report: https://www.coherentmarketinsights.com/insight/buy-now/3996
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
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Us:
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