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Refractive Surgery Market, By Technology, By Application, By Type of Procedure, By End User, By Geography
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Global Refractive Surgery Market is estimated to be valued at USD 253.3 Mn in 2025 and is expected to reach USD 475.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 9.4% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 253.3 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.40%
2032 Value Projection:
USD 475.3 Mn
Figure. Refractive Surgery Market Share (%), By Region 2025
Refractive surgery refers to a group of surgical procedures that aims to reduce or eliminate dependency on glasses and contact lenses by correcting refractive errors in vision. Refractive errors occur due to abnormal focusing of light inside the eye and the common ones include myopia, hyperopia, and astigmatism. Over the past few decades, the global refractive surgery market has witnessed substantial growth owing to the increasing prevalence of refractive errors and technological advancements in ophthalmology. According to the World Health Organization, around 2.5 billion people globally suffer from near-sightedness, far-sightedness, or astigmatism. Developed economies largely account for higher demand for refractive surgery given higher awareness levels and accessibility to advanced healthcare infrastructure.
Market Dynamics:
Major growth drivers for the global refractive surgery market include rapidly growing geriatric population which is more susceptible to refractive errors, increasing awareness about refractive surgical procedures among patients, and rising healthcare expenditure in developing nations. Industry players are aggressively conducting marketing campaigns to educate people regarding various vision correction options. However, high costs of laser refractive systems and surgeries continue to limit market expansion to some extent. Ongoing research and development activities to develop safe and precision laser systems are expected to create new opportunities in the market. For example, the development of new laser-based refractive techniques like LASIK and LASEK Laser-Assisted In Situ Keratomileusis) have enhanced success rates and reduced risks associated with older procedures.
Key Features of the Study:
This report provides in-depth analysis of the global refractive surgery market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global refractive surgery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Alcon Inc., Johnson & Johnson Vision, Bausch + Lomb, Abbott Laboratories, Ziemer Ophthalmic Systems AG, Carl Zeiss AG, Nidek Co., Ltd., Rayner Intraocular Lenses Limited, Topcon Corporation, SurgiVision, Vision Group Holdings, Lumenis Ltd., Avedro, Inc., iLASIK, and OptiMedica Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global refractive surgery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global refractive surgery market
Market Segmentation
Technology Insights (Revenue, USD Mn, 2020 - 2032)
Laser Systems
Diagnostic Equipments
Application Insights (Revenue, USD Mn, 2020 - 2032)
Myopia
Hyperopia
Astigmatism
Presbyopia
Dry eyes
Type of Procedure Insights (Revenue, USD Mn, 2020 - 2032)
Laser-Assisted In Situ Keratomileusis (LASIK)
Photorefractive Keratectomy (PRK)
Radial keratotomy (RK)
Astigmatic keratotomy (AK)
Automated lamellar keratoplasty (ALK)
Laser thermal keratoplasty (LTK)
Others
End User Insights (Revenue, USD Mn, 2020 - 2032)
Hospitals
Ophthalmology Clinics
Ambulatory Surgery Centers
Others
Regional Insights (Revenue, USD Mn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Alcon Inc.
Johnson & Johnson Vision
Bausch + Lomb
Abbott Laboratories
Ziemer Ophthalmic Systems AG
Carl Zeiss AG
Nidek Co., Ltd.
Rayner Intraocular Lenses Limited
Topcon Corporation
SurgiVision
Vision Group Holdings
Lumenis Ltd.
Avedro, Inc.
iLASIK
OptiMedica Corporation
Table Of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Refractive Surgery Market, By Technology
Global Refractive Surgery Market, By Application
Global Refractive Surgery Market, By Type of Procedure
Global Refractive Surgery Market, By End User
Global Refractive Surgery Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Driver
Restraint
Opportunity
Impact Analysis
Key Developments
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends
4. Global Refractive Surgery Market, By Technology, 2020-2032, (USD Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Laser Systems
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Diagnostic Equipments
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
5. Global Refractive Surgery Market, By Application, 2020-2032, (USD Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Myopia
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Hyperopia
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Astigmatism
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Presbyopia
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Dry eyes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
6. Global Refractive Surgery Market, By Type of Procedure, 2020-2032, (USD Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Laser-Assisted in Situ Keratomileusis (LASIK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Photorefractive Keratectomy (PRK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Radial keratotomy (RK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Astigmatic keratotomy (AK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Automated lamellar keratoplasty (ALK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Laser thermal keratoplasty (LTK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
7. Global Refractive Surgery Market, By End User, 2020-2032, (USD Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Hospitals
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Ophthalmology Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Ambulatory Surgery Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
8. Global Refractive Surgery Market, By Region, 2020 - 2032, Value (USD Mn)
Introduction
Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Mn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Mn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
Latin America
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Type of Procedure, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Mn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Mn)
South Africa
North Africa
Central Africa
9. Competitive Landscape
Alcon Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Johnson & Johnson Vision
Bausch + Lomb
Abbott Laboratories
Ziemer Ophthalmic Systems AG
Carl Zeiss AG
Nidek Co., Ltd.
Rayner Intraocular Lenses Limited
Topcon Corporation
SurgiVision
Vision Group Holdings
Lumenis Ltd.
Avedro, Inc.
iLASIK
OptiMedica Corporation
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us
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