Looking at the success rate of the LASIK, more and more people have started to get inclined towards the procedure. With that being said, the rapid cases of poor vision have led the market of Lasik vision correction to enormous growth in terms of share, growth, sales, consumptions, and more.
As per the report by WHO in 2015, approximately 285 million people across the globe had their vision impaired. WHO also reported; around 1.89 billion people in the world are affected by Myopia (Nearsightedness). Whereas in the year 2016, around 34 million in the USA reported cases of Myopia as per the American Academy of Ophthalmology. Considering this, new advancements in technology started to take place. Another reason behind the enormous growth of the industry is the support of the Government. The support by the Government to make people aware and improve the healthcare infrastructure resulted in booming market value.
Most of all, North America is having a significant share in the industry of LASIK around the world. There are more than 1,000 Lasik vision centers in the US that have been annually treating around 650,000 patients. The major reasons behind the increasing number of these centers are the support of the Government and the healthcare infrastructure needs. Therefore, the Idaho Bureau of occupational licensing provides a right to the optometrists to treat people with the LASIK vision correction surgery. In order to be eligible for performing laser eye surgeries, it's mandatory for optometrists to go through the examination by the National Board of examiners in optometry.
Apart from North America, It is anticipated that the Asia Pacific will witness a high CAGR. It is being said that the major reason why Asia pacific is about to get an enormous growth is the purchasing power of its residents. The major parts of the region that will support the growth of the market are China and India.
According to the studies of market research, rapidly increasing awareness of the LASIK surgery and its exceptional benefits is the significant reason why the industry has managed to attain enormous growth. The LASIK procedure lasts about 10 minutes, which instantly corrects the vision of patients. However, they are still asked to keep their eyes at rest on the following days of the surgery. The market research also identifies some of the key vendors in the industry of LASIK surgery that are Novartis, Carl Zeiss, Johnson and Johnson, and Nidek. As per the growth of the present year 2021, the researchers are anticipating the market to grow at the CAGR of 6% in the coming months.
With that being said, we are yet to experience new innovations in the industry that will assuredly skyrocket the growth of the LASIK market till 2026.

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