LASIK Eye Surgery Market Size, Share & Industry Analysis, By Product (Excimer and Femtosecond), By Type (Fixed and Portable), By Technology (Wavefront Guided, Wavefront Optimized, Topography Guided, and Others), By Application (Myopia, Astigmatism, and Others), By End-user (Hospitals, Eye Clinics, and Others), and Regional Forecast, 2025-2032

The global LASIK eye surgery market size was valued at USD 813.4 million in 2024. The market is projected to grow from USD 884.5 million in 2025 to USD 1,675.7 million by 2032, exhibiting a CAGR of 9.6% during the forecast period. North America dominated the LASIK Eye Surgery market with a market share of 40.63% in 2024.

LASIK (laser-assisted in situ keratomileusis) surgery is conducted to reshape the cornea, thereby permanently improving vision. These surgeries are conducted to correct refractive errors such as nearsightedness, farsightedness, or astigmatism, helping patients reduce or eliminate the need for glasses or contact lenses. Therefore, the growing prevalence of refractive errors has been fueling market growth.

• For instance, as per the data published by the National Center for Biotechnology Information (NCBI) in 2023, myopia impacts around 4.0% of the U.S. population. Additionally, as per the studies, the prevalence of myopia increased by 66% in 30 years in the U.S.

Market players such as Johnson & Johnson Services, Inc., Ziemer Ophthalmic Systems AG, Inc., and Bausch + Lomb have been focusing on new product launches to boost their revenue and strengthen their market presence.

Market Dynamics

Market Drivers

Rising Prevalence of Vision-Related Disorders to Fuel Market Growth

LASIK eye surgeries are very effective in treating eyesight-related disorders such as myopia, astigmatism, presbyopic myopia, and hyperopia. Therefore, the increasing prevalence of these disorders is fueling the demand for effective surgeries, thereby contributing to market growth.

• For instance, as per the data published by MJH Life Sciences in March 2024, 23% of the world’s population had myopia. This proportion is expected to reach 50% by 2050.


• For instance, a study published by BMJ Publishing Group Ltd. in 2024 reported that out of 2,240,804 children surveyed, 0.59% were diagnosed with hyperopia.

Increasing Focus of Market Players on New Product Launches is Boosting Market Growth

In order to fulfill the growing demand for effective treatment options for eye-related disorders, market players have been focusing on new product launches.

• For instance, in January 2025, Zeiss announced the FDA approval of excimer laser MEL 90 indicated for myopia, hyperopia, and mixed astigmatism.

This increased focus on new product launches to enhance the efficiency and precision of eye surgeries is contributing significantly to the LASIK eye surgery market growth.

Market Restraints

High Cost of LASIK Surgeries and Presence of Other Alternatives Limits Market Growth 

The increasing burden of vision-related eye disorders such as myopia, and hyperopia, along with the rising awareness regarding the efficiency of eye surgeries, has been fueling market growth. However, certain risk factors associated with these procedures restrict their adoption.

• For instance, Lasik and similar surgeries can temporarily cause dry eye and can also result in side effects such as glare, halos around lights, double vision, under-correction or overcorrection, and the development or worsening of astigmatism.

Moreover, the high cost of these procedures poses a significant barrier. For instance, LASIK surgery can cost around USD 2,000-3,000 per eye in the U.S., which is quite high for middle or lower-income families.

As a result, individuals suffering from eye disorders prefer going for alternatives such as Photorefractive Keratectomy (PRK), ICL (Implantable Collamer Lens), RLE (Refractive Lens Exchange), and contact lenses. This preference for alternatives acts as a limiting factor for the market growth.

Market Opportunities

Rising Awareness and Adoption Coupled with Technological Advancements to Fuel Market Growth

Globally, patients are increasingly seeking effective and cost-efficient treatment for vision correction and ophthalmic diseases. Currently, femtosecond lasers are gaining popularity among optometrists and ophthalmologists for treating patients with eye diseases. Additionally, the substantial increase in the adoption of LASIK surgery is attributed to the increasing awareness of these surgeries in emerging countries such as India, China, Brazil, and Australia.

The growth of the market in developing countries is attributed to the increasing cases of ophthalmic diseases in countries such as India and China, growing awareness about the benefits of laser eye surgeries, and the strategic expansion efforts by major players in these regions. Moreover, the adoption of innovative healthcare technologies in developing countries is also responsible for the surge in demand for advanced solutions.

Emerging nations such as Brazil, South Korea, and Middle East countries offer significant market opportunities for market players to introduce cost-efficient and innovative products. This growth is owing to the growing adoption of advanced medical technologies along with rising per capita healthcare expenditure in these regions.

Market Challenges

High Cost of Procedures

The expense of LASIK surgery remains a significant barrier for many potential patients, especially in regions where insurance coverage is limited.

• Limited Availability of Specialized Professionals

A shortage of trained ophthalmologists in certain areas may restrict access to LASIK procedures.

• Potential Post-Surgery Complications

Concerns about complications such as dry eyes and visual disturbances can deter individuals from opting for the surgery.

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LASIK Eye Surgery Market Trends

• Technological Advancements

The adoption of femtosecond lasers has enhanced the precision and safety of LASIK procedures. Additionally, wavefront-guided and topography-guided surgeries offer personalized treatments, leading to improved patient outcomes.

• Growing Acceptance of Minimally Invasive Procedures

Patients are increasingly opting for LASIK surgery due to such as quick recovery times and reduced dependence on corrective eyewear.

• Expansion in Emerging Markets

Rising disposable incomes and awareness about vision correction options are contributing to market growth in emerging economies.

• Medical Tourism

The increasing trend of medical tourism for LASIK surgery, driven by cost-effective procedures and high-quality care in certain countries, is positively impacting the market.

Impact of COVID-19

During the COVID-19 pandemic in 2020, the market experienced a decline in value due to the widespread postponement of non-emergency surgeries, including eye surgeries.

• For instance, as per the Refractive Surgery Council, around 630,313 laser vision surgery procedures were conducted in the U.S. in 2020, experiencing a decline of -10.3%, compared to 2019.

However, the market grew significantly in 2021 and 2022 due to the upliftment of lockdown restrictions and the resumption of previously postponed surgeries.

Segmentation Analysis

By Product

Strong Presence of Market Players Boosted Excimer Segment Growth

Based on product, the market is segregated into excimer and femtosecond.

The excimer segment dominated the global market in 2024. The segment’s dominance is attributed to the strong focus of key market players on the manufacturing and distribution of excimer products globally.

• For instance, Johnson & Johnson Services, Inc. and Bausch + Lomb manufacture the STAR S4 IR Excimer and TENEO- 317 lasers, respectively, and actively distribute these products across international markets.

The femtosecond segment is expected to register the fastest CAGR during the forecast period due to the increasing demand for technologically advanced products for eye surgery.

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By Type

Increasing Demand for Fixed Devices in Hospitals Fueled Segment Growth

Based on type, the market is segregated into fixed and portable.

The fixed segment dominated the market in 2024 attributed to the increasing demand for fixed laser systems devices in hospitals. Moreover, the increasing number of LASIK surgical procedures in hospitals has also been fueling market growth.

The portable segment is expected to grow at the fastest CAGR during the forecast period attributed to the increasing adoption of these devices in eye clinics.  

By Technology

Wavefront Optimized Segment Dominated owing to its Various Benefits

Based on technology, the market is segmented into wavefront guided, wavefront optimized, topography guided, and others.

The wavefront optimized segment dominated the market by generating the highest revenue in 2024. This dominance is attributed to the various advantages associated with wavefront-optimized devices, such as potentially sharper vision, reduced risk of night vision problems and halos, and a higher chance of achieving better vision.

The wavefront guided segment is expected to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to the strong sales of wavefront-guided products such as STAR S4 IR Excimer, iDESIGN Refractive Studio, and FEMTO LDV Z8.

By Application

Myopia Segment Dominated due to Rising Demand for Lasik Surgery

Based on application, the market is segmented into myopia, astigmatism, and others.

The myopia segment dominated the market in 2024 attributed to the increasing prevalence of myopia among the patient population globally.

• In February 2022, according to NVISION Eye Centers, 23.9% of the patient population in the U.S. over 40 years old suffered from myopia, driving the demand for LASIK surgery as an effective treatment of ocular disorders.

The astigmatism segment is expected to grow at a significant CAGR during the forecast period This growth is due to the increasing number of patients opting for regular eye checkups, increasing awareness regarding LASIK eye surgery, along with the rising prevalence of ocular diseases.

By End-user

Hospitals Segment Led the Market Due to its Cost-effectiveness

Based on end-user, the market is segmented into hospitals, eye clinics, and others.

The hospitals segment dominated the market in 2024. Hospitals are preferred by patients due to the availability of comprehensive diagnosis and treatment services at affordable prices. This preference for hospitals, especially for routine eye care checkups, is driving the growth of the segment.

The eye clinics segment is expected to grow at the fastest CAGR during the forecast period attributed to the increasing number of eye clinics performing LASIK eye surgery.

LASIK Eye Surgery Market Regional Outlook

Based on geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America

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North America accounted for a major LASIK eye surgery market share, generating a revenue of USD 330.5 million in 2024. The increasing adoption of LASIK surgery among the patient population, along with technological advances, has led to the growth of the market globally.

The market in the U.S. dominated the market in 2024. Factors such as the increasing number of eye checkups along with the increasing adoption of LASIK procedures among the patient population for the treatment of eye disorders, contributed to increased demand.

Europe

The market in Europe accounted for a substantial market share in 2024 and is expected to witness stagnant growth during the forecast period attributed to the increasing prevalence of myopia and the strong presence of market players such as ZEISS, and Excelsius Medical.

Asia Pacific

The Asia Pacific region is expected to expand at the fastest CAGR during the forecast period. The market growth is attributable to increasing cases of myopic patients and other ocular disorders in the region. This has led to an increase in the investment in research and development of innovative orthokeratology lenses by key market players.

Latin America and Middle East & Africa

The market in Latin America and the Middle East & Africa is expected to grow significantly due to the increasing focus of market players on launching new products in these regions.

Competitive Landscape

Key Market Players

Pharmaceutical Companies with a Strong Focus on the New Porduct Launches to Hold Key Market Share

Johnson & Johnson Services, Inc., Ziemer Ophthalmic Systems AG, Inc., and Bausch + Lomb were among the prominent players in the market and captured a considerable global LASIK eye surgery market share in 2024. The strong presence of these players in the market is attributed to an increasing focus on new product launches.

• For instance, in April 2023, Johnson & Johnson Services, Inc. announced the FDA 510(k) approval for its ELITA Femtosecond Laser, designed for the creation of LASIK flaps.

Other significant players operating in the market, such as NIDEK CO., LTD., Alcon Inc., and ZEISS, are emphasizing partnership and collaboration for new product launches.

LIST OF KEY LASIK EYE SURGERY COMPANIES PROFILED

• Johnson & Johnson Services, Inc. (U.S.)


• Ziemer Ophthalmic Systems AG (Switzerland)


• NIDEK CO., LTD. (Japan)


• Alcon Inc. (U.S.)


• ZEISS (Germany)


• Excelsius Medical (Germany)


• Bausch + Lomb (Canada)


• Schwind eye-tech-solutions GmbH (Germany)

KEY INDUSTRY DEVELOPMENTS

• May 2025 – NIDEK CO., LTD. showcased in products, including LASIK eye surgery products, at an exhibition held in the U.S.


• September 2024 – Alcon Inc. announced the launch of SMARTCataract DX digital planning solution at the European Society of Cataract and Refractive Surgeons (ESCRS) Annual Meeting with an aim to enhance the efficiency of workflow efficiencies for ophthalmologic practices.


• July 2024 – Johnson & Johnson Services, Inc. invested in TecLens, a refractive technology start-up, with the goal of developing advanced refractive surgery products.


• April 2024 – Zeiss showcased its 3D visualization technology and surgical innovation at the American Society of Cataract and Refractive Surgery (ASCRS) conference.


• January 2024 – Bausch + Lomb received FDA approval for TENEO, an excimer laser platform designed for the correction of Myopia and Myopia astigmatism LASIK vision surgery.

REPORT COVERAGE

The LASIK eye surgery market report provides a detailed competitive landscape. It includes the number of LASIK surgeries and key industry developments such as partnerships, mergers, and acquisitions. Additionally, it focuses on key points such as new product launches in the market. Furthermore, the report covers regional analysis of different segments, company profiles of key players, and market trends. The report consists of quantitative and qualitative insights that contribute to market growth.

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Report Scope & Segmentation