REFRACTIVE SURGERY MARKET Challenges and Opportunities

One of the biggest challenges faced by the global refractive surgery market is the high cost of refractive surgery procedures such as LASIK, PRK, and LASEK. These surgeries are generally considered as elective procedures and are not covered by most health insurance policies. The out-of-pocket cost for LASIK surgery alone can range from US$2000-US$5000 per eye depending on the technology used and the clinic. This makes refractive eye surgery unaffordable for a large segment of the population globally.

Market Opportunity - Advancements in laser technology and surgical techniques

One of the major opportunities for the global refractive surgery market lies in continued advancements in laser technology and surgical techniques. Ongoing research and development is helping to improve precision and safety of refractive surgeries. Newall-laser procedures such as LASIK and LASEK are gaining popularity over older technique of PRK due to less discomfort and faster visual recovery. Advances such as femtosecond lasers, excimer lasers, topography-guided treatments have enhanced outcomes for more complex cases.